The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1903-11-15

Hogs-Receipts, L5eO; shipments, 1000. The re-
volume, showing an increase of 1000 over last
week. little gain compared with the same week
a year ago and a decrease of $4,000 compared
with the corresponding week two years ago.
The receipts thus far this year show a gain OF
month thus far there is a decrease of 900 COM
pared with the same period a year ago. For the
Eses ena'f total HIes Of Ss.Ss1. against aahniHt 5 .Sfa' the s'P pres
ceding week and sO.7i2 the same week a year
were s.s72, against 5,2O7 the preceding week and
s.2s7 the corresponding week a year ago.
There has been another slaughter In the prices
OF hogs this week, not especially on account of
excessive supplies. for the receipts have not been
there seems to he a determination among buy
ers to put prices on a lower level It IS also
strike agitation. as packers. of course. do not
care to be caught with liberal stocks in case of
any labor troubles. Another cause for the break
in prices here has been a lack of competition
from outside sources. The decline has not been
therefore has no doubt been a greater injury
to shippers than it otherwise would have been.
Whenever the receipts were small the tendency
supplies have been entirely equal to the require
was a decline OF SOC In one day. and at another
time zoe. and other changes were from SC to
time hi have beegn forced tsH accept s~a the %0' terms 9a '6 Of
buyers. For the first time In nearly three years
hogs of nearly all kinds are selling below IS,
and buyers confidently declare that the low
point has not yet been reached. The receipts
OF the week. and show a gain Of nearly 1000
over last Saturday and $500 over a year ago.
The market opened with a fair request from
shippers for selected medium to heavy hogs.
and on that account a few loads answering this
description sold at steady prices compared with
yesterday. 1t was evident to packers. however.
that they would not have liberal opposition
from other sources. and they were Offering lower
prices for all kinds. Therefore IL was more or
Jess difficult to establish a trading basis. and.
in fact. there was very little animation in the
market at any time during the day. Statesmen
finally succeeded in transferring the good mixed
hogs at a decline of SC. and there was prac-
tically no opposition in the market for light
hogs, which had to sell generally at lOc lower
than yesterday. A good clearance of the morning
receipts was made on this basis. but nearly
I,5o0 came in late and packers declared that
they would have to have further concessions in
prices IL they cleaned up the supply. They were
bidding 5d1oc lower than early. but finally were
SC compared with opening prices. Therefore the
DAYS sales were anywhere from steady TO lSc
lower. and it appears that there was an average
decline OF nearly 1oc in prices compared with
yesterday. The close was weak and the outlook
is not very encouraging TO the selling side.
Sales ranged from $40 to st!s5 and the bulk
of the supply sold AT &.s044.s5, although there
were a number Of sales below $3.50. Quotations
Good to choice medium to heavy..-..-.-s4. S064 o.
Mixed and heavy packing. 500 So
Cool 10 choice lightweiShts. ........... 4.75T4 Cd
Common to fair llghtweights........... 4.50d4 eS
Inferior 10 best 3.50Qs so
ROuZhS and OOH IN