The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1901-11-24
THE LIVE ST0CK MARKETS
CATTLE QUIET AND PRICES LESS
SATISFACTORY THAN o. FRIDAY.
Hogs I'm Liberal supply and Five to
Ten Cents L~ower-Sbeep Quiet
Condition of other
UNION sTocKYARDs. INDIANAPo-

UNION STOCKYARDS,
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, LOCO over
the same week a year ago and 200 over
the corresponding week two years ago.
Thus far this year the receipts are about
1850 larger than the same period last year.
The week opened at steady prices compared
with the close Of last week, but later. with
liberal 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
weakness TO the market and it was very
difficult to get buyers to take hold of the
less desirable grades. The market was I'm
much the same condition that it had been
for 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
35 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 1913 for steers, $3.50 for heifers, 81 for
COWS, $4.25 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
lsh 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
upward 50. 100 DO
Plain fat steers, 1850 lbs and up
ward Observation-Disclosures. $3.50 go
steers 5.OO9 $50
Plain fat 100 to 1,3OO-lb steers. 1900 SIS
Good To choice 1000 to 1,15O-lb
steers 44O4 40
lbs ...............~.........,... S.75@ 400
lbs Observation-Disclosures. $3.50 $50
Medium feeding steers, 800 to 800
IDS Lf9u d-I0
Common to good StOckers. ......... $500 3.25
Good to choice heifers............ $500 4.25
Fair TO medium heiferS............. 5000 $50
Common light heiferS.............. 2.25U 30
Good 20 choice OWs................ 3. 40G AS
Fair to medium cOws............... .. 15W 3.25
Common old l25G $50
' Gdl GdINt t.DltI IN
Heavy calves $500 $50
Prime to fancy export bulls. 800 AS
Good to choice butcher bulls. 3.O0n $50
Common to fair bulls................ 2O0d 2.75
Good to choice cows and calves. .35. OOa5O.OO
Common to medium cows and
caves 2O.OOq3.UU
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
for the week indicates a decrease of about
5000 compared with last week. Compared
with the same week a year ago there is an
increase of 1000, and with the corresponding
week two years ago there is a gain of near
ly 5000. Thus far this year the receipts are
over $4,000 larger than the same period
last year. For the week ending yesterday
local packers bought a total of % 1863.
against 40,O19 the preceding week and 81, 40
the same week a year ago. During the
same period the shipments were 1885,
against 10, 737 the preceding week and 1855
the corresponding week a year ago. With
just moderate receipts there was a good
gain made in prices of hogs the first half
of this week, but with unusually liberal re-
ceipts all of the advance was lost the last
half OF the week. On Monday the market
was a shade lower, but on Tuesday the up
ward movement started, and on Thursday
a gain of fully zoe i'm the average had been
registered compared with the close of last
week. On Friday 15c was taken off in the
average, and a further decline at the eX-
treme close of the week left prices in about
the same position that they were last Sat
urday The quality of current offerings has
been as satisfactory as the average recent
ly, but the weights have been light. There
fore the choice heavy hogs have been ia
vored somewhat and suffered a less decline
in prices than the lighter grades. The ship
ping demand this week was of no great
Importance, but at times no doubt added
considerable strength to the market. Lo-
cal packers were liberal buyers at the de-
cline, and yesterday Kingan q Co. pur-
chased the largest number of hogs they
ever did in one day. The extreme price
paid was SO, and at the close of the week
probably equally as good kinds could not
be sold above $3.50. The receipts to-day
were again liberal, showing an increase of
fully LOCO over a week ago, and they were
a little larger than a year ago. Shipping
orders, on account of the low prices pre-
vailing in Eastern markets. were again linn
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 to
exceed &c lower. but generally the market
was quoted about 1c lower, and no doubt
the light mixed hogs showed fully at
much change. With packers liberal buy
ers a good clearance was made and the last
sales were not perceptibly different from
those made earlier. Sales ranged from S5.15
to $3.50, and a very large proportion of the
supply sold below $5.65. Quotations:
Good TO choice medium and
HeaSy y. go
Good to choice light weights. -. 5.35056O
Common to fair light weights. ...... 5.15G5.3
Common 10 good observation-disclosures. 4.5OG5.2 90
f(OuSnS 4.f0U0J0
Sheep-Receipts, $50; shipments small.
There has been a comparatively lib
eral marketing of sheep and lambs this
week, the total showing a gain of 100 over
last week. $500 over the same week a year
ago and over 300 compared with the CORE
spending week two years ago. Thus far
this year the receipts are over 10000 larger
than the same period last year. From the
beginning of the week the receirfs were
larger than ordinary here and elsewhere.
and the natural result was a reaction i'm
prices. Buying took of 15c at the start
and later with some decrease in the SUD-
plies there was more firmness in values.
Toward the week, however, the receipts
were again fully inadequate to meet the re-
quirements Of buyers and there was a fur
ther reduction in prices, which at the close
of the week amounted TO about 25c for an
average compared with the close of last
week. The demand from local butchers was
of no great importance and shippers there
fore had things much their own way. At
times il was rather difficult to effect a
clearance. but finally all were sold at cur
rent prices. For an extreme, lambs sold
as high as S4.60 during the week and the
top price reported for sheep was So. There
were very few fresh arrivals to-day and
with no competition between buyers the
trading was quiet at a shade lower prices
than yesterday. Lambs were reported at
$.75Q425 and sheep at $2.5Q3. Quota
tons:
Good to choice lambs. A.O0d45O
Common to medium ambs......... 2co63.3 80
Good TO choice yearlings............ 3.00G3.&
Il Good TO choice sheen . 5nf1Q On