The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1902-11-17
THE LIVE STOCK MARKETS
CATTLE FIRM, WITH OCCASIONAL
SALES A SHADE HIGHER.
Hogs i'm Fair Demand and About
Steady-Sheep and Lambs steady
Condition of Other

UNION ~STOCKYARDS, INDIANAPOLIS, Nov.
15.-Cattle-Receipts. 100; shipments small. The
marketing of cattle this week was more liberal.
showing an increase of over 600 compared with
last week. but a decrease Of about 600 compared
with the same week a year ago and over 1850
compared with the corresponding week two years
ago. Thus far this year the receipts are a little
less than 1000 larger than the same period last
year. At the close of business yesterday the
receipts Of the month thus far indicate a de-
crease Of over 1850 compared with the same
period last year. Most OF the week the condi-
tons have been unfavorable to sellers, and In
order to transfer their consignments they were
forced to make sharp reductions in prices of
nearly all fat cattle. The greatest decline was
made on Tuesday, but this was followed by a
further reaction on Wednesday. when prices
were generally reported around soc lower than
the close Of last week. Another very bad fea-
ture of the market was the great difficulty in
finding an outlet at the reduced prices. The bad
condition of the trade elsewhere, of course, had
its bearing here. and buyers were very slow in
making purchases for fear that they would e-
coed the actual market value of the stock. When
prices were the lowest il was the most difficult
to consummate sales. and some of the oldest
dealers claimed that they had witnessed very
few markets as unsatisfactory in their expert
ence. The rapid and decided decline in prices
tA4n NlNA
smaller supplies and a better demand from
outside sources, there was a slight rally in the
fat cattle market toward the close Of the week,
and possibly 1oQ15c OF the early loss was re-
gained There was not a liberal request for
feeders this week, but the demand was about
equal to the supply, and the good kinds held
about steady, while others, as usual, sold un-
evenly. Prices on their present basis are vari-
ously estimated at from 25c to 40c lower than
last week. with the decline possibly more on
female butcher grades than any other class of
cattle Current values are now fully 50 per 100
lbs lower than the high time for fat steers, STA
LOO for fat cows and heifers and from soc to 81
lower Tor stockers and feeders. There has been
no strictly fancy export steers I'm the offerings
this week, and, therefore, there is a question of
what might be considered a top figure. Con-
sldering the way others have sold, however. IL
Is hardly probable that cattle could have been
good enough to sell above So. 1t required a very
good sort OF steers TO bring around So, but one
sale was made at $3.50, and there were very few
cattle in the female line good enough TO sell
above 81. A few selected feeders brought 81 5
this week, but $3.50 is considered a top price.
The receipts to-day were quite small, even for a
Saturday market, but there were a few carried
over from yesterday, and the supply on sale was
fair. There was really nothing to encourage
buyers to pay higher prices, but occasionally
sales Were reported at least loo higher than the
best bids yesterday, and the week closed with
the general market In a reasonably healthy con-
dition. 1t must be remembered, however, that
pected that the requirements for beef will be
smaller. and, therefore. there is little or nothing
TO encourage shippers to hope for better prices.
Quotations.: