The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1901-11-25
THE LIVESTOCK MARKETS
CATTLE QUIET AND PRICES LESS
SATISFACTORY THAN ON FRIDAY.
Hogs in Liberal supply and Five to
Ten Cents Lower-Sheep Quiet
Condition OF Other Markets.

UNION STOCKYARDS, INDIANAPO-
LIS. Nov. 23.-Cattle-Receipts $50; ship
ments small. The marketing Of cattle this
week has been liberal, the total showing
an increase of 500 over last week, LOO over
the same week a year ago and 300 over
the corresponding week two years ago.
Thus far this year the receipts are about
C4.5OO larger than the same period last year.
The week opened at steady prices compared
with the close of last week, but later, with
hOeral receipts and poor quality, there was
a sharp reaction in prices and a continued
dull trade has characterized the market
throughout the week. The absence Of
strictly top cattle in their class added
to the market and il was very
ulflcult 10 get buyers to take hold of the
less desirable grades. The market was in
much the same condition that it had been
Tor several weeks preceding last week.
Very few extreme sales were reported dur
ing the week and this more than anything
else indicates the very poor quality of the
offerings. 1t is probable that a higher
average in prices could have been secured
had there been more good cattle on the
market, but for the most part sales at the
close Of this week were considered at least
% cents lower than the close of last week,
and occasionally transactions were reported
30 cents to so cents lower. Knowing that
their customers were losing money, sales
men were reluctant in transferring their
c"onsignments at current prices. but at the
close OF the week as good a clearance as
usual had been made. Extreme prices paid
were $5.T5 for steers, $3.50 for heifers. 81 for
cows. $425 for bulls and $3.50 for calves. The
receipts to-day were of small volume and
consisted principally Of unfinished cattle.
Some OF the leading buyers were out of the
market which prompted others TO be bear
ish and most statesmen claim they were
forced to accept a shade lower prices than
yesterday to effect a clearance. Quotations.:
Good to choice steers, 1850 lbs and
inward e I'm & Ok
Plain fat steers. 1850 lbs and up
ward ...y~:.~.*.-.:..:-:.. $3.50 $50
Plain fat 100 to I.SOO-lb steers. 800 SSS
steers .-::-.-.-"".-.---.... 4.4OQ 40
Choice feeding steers, 1000 TO LOO
lbs Observation-Disclosures. s.75a 400
lbs OBSERVATION-DISCLOSURES. S.259 $50
Medium feeding steers, 500 10 900
Common to good tockers......... $500 S25
Good To choice heifers. ............. 3.6OG 425
Fair to medium heifers............. 3OO6 $50
Common light eiferS............. 225M 2.75
Good 70 choice 340G AS
Fair to medium cOws............... ?. 150 325
Common old 125q $50
veal calves 4.5Oq 600
Heavy calves $500 40
Prime TO fancy export bulls........ 3. 750 AS
Good to choice butcher bulls. ...... 5000 800
Common TO fair bulls............... 2.OOQ 275
Good TO choice COWS and calves. =. 35.OOa5OOO
Common TO medium COWS and
calves 20.O0U300
Hogs-Receipts, 1900; shipments, 1000. In
one DAY this week the receipts of hogs were
larger than they have been for a single
day in almost three years, but the total
Tor the week indicates a decrease of abOut
500 compared with last week Compared
with the same week a year ago there is an
increase or 1000, and with the corresponding
week two years ago there Is a gain OF near
~ 5000. Thus far this year the receipts are
over 14INFl larger than rha nj
last year. For the week ending Yesterday
local packers bought a total of 81. 9e9
against 4O.Ol9 the preceding week and 81, 436
the same week a year ago. During the
same period the shipments were 7 eg5
against 1879 the preceding week and 7 595
the corresponding week a year ago. With
just moderate receipts there was a good
gain made in prices Of hogs the first baIf
OF this week, but with unusually liberal re
ceipts all OF the advance was lost the ;sst
half or the week. on Monday the market
was a shade lower. but on Tuesday the nm
ward movement started, and on Thursdav
a gain OF fully zoe in the average had been
IeeIs'eISu compared with the close OF last
Week On Friday l5c was taken of in the
average. and a further decline at the ex-
IRENE close or the week left prices In about
the same position that they were last 60
urday. The quality Of current offerings has
been as satisfactory as the average recent1
~, but the weights have been light Tbera-
IoTe the choice heayy hogs have been ia
Eored somewhat and suffered a less decline
in prices than the lighter grades. The ebjnN
ping demand this week was of no grsst
Importance. but at times no doubt sdfed
considerable strength 10 the market 10
cal packers were liberal buyers at the a.
cline, and yesterday kingan * Co pTr-
chased the largest number OF hogs they
ever did in one day. The extreme prirs
paid was s., and at the close OF the week
probably equally as good kinds could nor
be sold above $3.50. The receipts to-dav
were again liberal. showing an Increase Of
fully loo over "A week ago, and they were
a little larger than a year ago. Shipping
orders, on account OF the low prices pre.
vailtng IN Eastern markets, were again lin
tied. and packers naturally took advantage
OF the situation and forced prices TO a lower
level There were occasional sales OF the
better class OF heavy hogs that were not 10
exceed Sc lower. but generally the market
was quoted about 1Oc lower, and no doubt
the light mixed hogs showed fully that
much change With packers liberal buy
ers a good clearance was made and the last
sales We're not p~erceptibly different from
those made earlier. Sales ranged from S Is
TO $50, and a very large proportion OF the
supply sold below S.G. Quotations:
Good 10 choice medium and
luxed and heavy packing ........... 5aOas 70