The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1902-05-18
CATTLE CLOSE WEAK AT HIGHEST
PRICES OF THE SEASON.
Hogs I'm Moderate Demand and n Trifie
Higher-Sheep STANDARDIZATION
of Markets Elsewhere.
UNION srocKyARDs INDIANAPOLIS,

years ago. Thus far this year the receipts !
are nearly 1900 larger than the same pc
Rod last year. From the beginning of the
week there has been a good healthy de-
mand for all fat stock. and, notwithstand-
ing a steady growth in the receipts. there
a gradual upward movement in values
and at the extreme close OF the week prices
of all thick fat stock were fully as high,
if not higher. than they have been at any
time heretofore this year. The conditions
indicate that the trading is in a very
healthy condition and dealers. especially
the selling side, seem to have a more hope
full outlook for the near future. 1t is ap-
parent that buyers have already begun TO
discriminate against cattle that are not
thick fat and strictly corn fed and perhaps
before long there will be the usual wide
summer spread in prices. Therefore, ship
pers should be more careful in buying in
the country and allow a safe margin on
cattle that are sure to suffer a reaction in
prices soon. High prices obtained this
week were $7.35 for steers, $3.50 for hefers,
$3.50 for cows, s5.25 for bulls and 81 for
calves. The receipts to-day were fully as
| large as expected at this time in the week.
but of course there were not enough of all
kinds to establish a range in prices. AS
tween buyers was less urgent and II proba-
bly, required a little more time to consum-
mate sales. but final results indicate that
| prices were in about the same position as
yesterday. The best steers have averaged
LOO lbs and sold at s615. heifers were re-
ported as high as S5.75. COWS at $3.50. bulls
at $4.75 and calves at $6.75. Quotations:
| Good TO choice steers, 1850 lbs
| l.o0
Plain fat steers. 1880 lbs and up
ward Observation-Disclosures. $500 6.S5
Good to choice 1900 to 1,SOO-lb
Plain fat 100 to 1,8OO-lb steers. S.OO9 $50
Good to choice 1000 to 1,150-lb
Plain fat 1000 to i.150-lb steers. 5SSI SIS
lbs, 475@ SIS
Good feeding steers. 800 to LOO
lbs ..:,:................:.......: 45O@ 475
Medium feeding steers 500 to 900
lbs ACKNOWLEDGEMENTS. 4OO0 4.5O
| Common to good stockers ....... 3756 475
| Good to choice heifers ............. $3.50 600
| Fair to medium heiferS ............ 45O6 525
Common light heiferS .............. 3 25fI 4. So
| Good TO choice COWS ............... Asa $50
! Fair TO medium COWS ............. 8 25GD 4.65
! common old cows .................. 1500 300
| veal calves ACKNOWLEDGEMENTS. 5000 $50
| Heavy calves ........................3 5000 500
| Prime to fancy export bulls ...... Asa 5.25
| Good to choice butcher bulls .... 4250 465
| Common to fair bulls minimum. 3OO6 400
| Good to choice cows and calves. 35O0d50. 90
| Common TO medium cows and
caves 20 00030 90
| Hogs-Receipts. 1000; shipments small
! The marketing of hogs is of good volume
| the receipts this week indicating an in
| crease of 5000 compared with last
| week, a decrease of only 1000 COMPARED
| with the same week year ago and only
| slight change compared with the CORE
! spending week two years ago. Thus far
TINS year the receipts are $500 smaller
than the same period last year. For the
week ending yesterday the leading local
| packers bought ASS, against 1905 the
preceding week and 2O,O24 the same week
| year ago. During the same period the
shipments were 1892. against 1921 the pre-
| ceding week and 5,90S the corresponding
| week year ago. There have been fire.
| quent charges in prices of hogs this week
put Tor the most part the tendency has
! been toward higher level in values. The
quality was improved and a larger propor-
uon or good weight hogs were represented
than last week Packers, as usual for
| some time past, were inclined to be bear
ish at all times, but fortunately there was
nice Improvement IN the demand from
outside sources, and with this additional
outlet the increased supplies were usually
| exhausted promptly at current prices The
week opened with values showing d de-
cline OF 5QlOc compared with the close of
last week. but fully half of this loss was
rega1ned the next day. In the next two
days there was gain of from 10d20c, but
later about half of that was lost. At the
extreme close of the week the market
! showed a stronger tendency and values
were fully sc higher than the average at
the close of last week. The demand has
been best for good light hogs and they
showed more strength relatively than the
| neaVy grades Inc extreme price of the
week was $40, which is 15c higher than
| the lowest top price. The receipts to-day
| were 1,500 larger than a week ago and al
most 1000 larger than year ago. The
market opened with only a fair inquiry
from shippers, but in sympathy with other
| places there was a stronger feeling indi-
Gated in the bidding at the start and sub
/ sequent sales showed that values generally
were more satisfactory than yesterday.
| There was a division of opinion between
statesmen as to the extent OF the improve
ment, some claiming that all of yester-
!. days loss was regained, but generally it
} was claimed that prices were not to ex-
coed sc higher, quality being considered.
A representative of Kingan & Co. who
bought most of the hogs. claims that their
purchase would not figure &c more than
: yesterday. AS usual for the past few DAYS
after most of the supply had been sold il
was little more difficult to make trans
! fers, but closing prices were on about the
same basis as the opening, and all of the
fresh receipts changed hands. Sales ranged
from S6.65 to $40. Quotations:
Good TO choice medium and heavy S715d7 &C
: Mixed and heavy packing .......... g. S5d7 q
Good to choice light weights. ~ 6S5d7 O5
. Common TO fair light Weights. 6.75Q6. 81
Common TO good pigs................ 6.0Od6.6 &C
Roughs ACKNOWLEDGEMENTS. 625d6S sc
Sheep-Receipts $50: shipments CO., There
is an increase to report in the receipts of
sheep and lambs, the total this week being
I 200 larger than last week. 100 larger than
the same week year ago and 1.S00 larger
than the corresponding week two years
ago. Thus far this year the receipts are
, 1900 larger than the same period last year
: There has been very satisfactory market
this week for clipped stock of good quality
and flesh and a Strong average in prices
was maintained. notwithstanding the in
4 crease in receipts. Wool stock throughout
the week sold poorly and prices at the
close OF the week were probably 2Sc peI
100 pounds lower than the close of last
week Spring lambs most of the week were
r of good value. but the increased supplies
at the close of the week were responsible
h for a reaction of about SOC in prices. Tor
sales of the week were $50 for spring
, lambs. $3.50 for yearlings and $50 fol-
| clipped sheep. No doubt there will be q
a | greater discrimination against the WOO
r stock in the near future and shippers
| should not market any more of that class
than they are absolutely forced 10. The
= demand is best for the handy-weight stock
that is thick. fat. There a gooC
. | average Saturday run to-day, and there
was no quotable change or improvement
in prices compared with yesterday. Spring
= lambs sold at $3.50. wool sheep $500 clipped
: sheep at S and culls as low as $3.50. Quo