The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1902-07-06

CdlNGS
Hogs-Receipts, 1000; shipments. leo
The marketing of hogs this week shows a
decrease of over 1000 compared with last
week, about $500 compared with the same
week a year ago and little change COM
pared with the corresponding week two
years ago. Thus far this year the receipts
are over 10000 smaller than the same
period last year. For the week end
ing yesterday the local packers bought
a total of S,434 against 14,119 the preceding
week. and 1922 the same week a year
ago. During the same period the ship
ments were 1883 against 1851 the pre-
ceding week and 1,776 the correspond
ing week a year ago. According TO sales
men the hog market three days of this
week had the right ring to IL but buyers
had their inning the last half of the week.
From last Saturday until Wednesday there
was an average advance OF about 80 cents
in prices. On Wednesday. however, the
market weakened before the close and
since that statesmen have had to take off
from 1Ga2Oc in prices. There was reason
ably good competition in the market at the
beginning of the week and the rapid adj
vance put prices on a basis that made 1t
impossible for shippers TO get many orders
and the decline in prices at the close OF the
week was forced by packers. The high
price of the ~week-$S-was the highest
hogs have sold in over nine years. There
has been more than the usual discrimin-
alton against the light mixed hogs and IL
is the opinion Of most dealers that there
will be a greater difference in the future.
Loads containing a greater or less num-
Der Of grass fed hogs are badly neglected
and cannot be sold to any advantage to
the owner. At the high time OF the week
the top price for heavy hogs was 55 cents
higher than for light, which. of course.
is a very unusual occurrence. About as
many hogs arrived to-day as was expected
following a holiday, but probably 1.500 were
the supply on sale comparatively liberal
for Saturday. The market opened with
very little inquiry from shippers for light
hogs and there were occasional sales in
that line, hut packers were very Indifferent
and it was half past 8 before they came
into the neld. They bid slowly, but sales
men were anxious to clear up the supply,
and, therefore. a trading basis was soon
established and the market was fairly
active. Sales Tor the most part did not
show q~uotable change in prices compared
with the lowest time Thursday, but were
anywhere from 10G20c lower than Wednes-
day. a good clearance was finally made
prices was from $7Q7.@ and a large por-
ton Of the supply sold above SE20. Quota
tions:
Good to choice medium and heavy 7.5Oa7.9O
Mixed and heavy packing .......... 7.15Q7.6 60
Good to choice light weights...... 7.2oG7 80
Common to fair light weights. ..... 7.00d7.15
Common to good pigs...-.......... 6.SOQ705
RoughS 1890. .-...-.........-.. 6.I5qI15
Sheep-Receipts, 400; shipments, 800. The
marketing OF sheep and lambs has been
fairly liberal, the total this week showing
an Increase of 800 over the same time last
week, 1,1O over the same week a year ago
and l,75O over the corresponding week two
years ago. The receipts thus far this year
ere almost 1900 larger than the same
period last year. On account of an indiffer-
ent demand from outside sources the mark
CT this week has not been as even as ordi-
narily and there nave been frequent fuctu-
atoms I'm prices. with the tendency general
ly- toward a lower basis. Sellers have been
reluctant in making concessions. Conse-
uuently the market has been rather quiet
throughout the week. The quality general
" has been in favor OF the seller, but com
petition was against them, and at the close
of the week all, except possibly the very
best grades, were quotably 25c lower thar
at the close OF last week. The extreme
prices reported this week were IS for lambs
81 for sheep and ~yearlings mixed and S.
for old sheep. There were not many or
sale to-day-in fact, hardly an average fol-
this day in the week. Consequently the
market was quiet and buyers were natural
ly inclined TO want lower prices. Hardly
enough business was transacted to give a
fair Idea OF conditions existing. but mosl
statesmen seemed 10 think there was a
weaker tendency, especially in values OF
/ 4-.-A- nr1fnFfNnGs