The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1903-04-12

Hogs-Receipts. 1000; shipments. 500 Notwith-
standing the very unsatisfactory is condition OF
comparatively liberal, showing gain of over
1000 compared with last week. about 1900 COM
crease ~ of nearly 5000 compared with the
spending week two years ago. Thus far this
than the same time last year and the receipts
for the month thus far are just little larger
ending yesterday the leading local packers bought
a total of 1924. against IL 500 the preceding week
same 1 PEE period the shipments were 4sss against
446S the preceding week and S.34s the corre-
with slight reaction in prices compared
with the close Of last week but this was
a1 S an s of about c
pared with the close of last week. The only
thing to d ths Of dm tine nns
sources. Local packers from the beginning of
the week pursued the dilatory tactics that have
a result the close OF each day was lower than
she the receipts toward he cose of the
week were increased and there was a falling
off in the demand from outside 81; sources This
and the results were probably the most unsatis-
factory Of the season: Values started ed on a
reduced rapidly to the close Of the week. when
sales were on basis Of goo lower than Wednes-
While the condition of the trade has been very
dispeasing 10 statesmen IT has not been alto
gether agreeable TO buyers. and packers espe-
cially deserve some credit for taking as many
hogs as they did since IL is fact that they
have been unable to sell the dressed meat ex-
cept at loss. OF course. IL would hardly be
natural for the same conditions to continue
any great length Of time. but there was certainly
nothing favorable in the developments at the
extreme close of this week and very little con-
hdence is being placed in the near future mar
ket The top price at the beginning of this week
was 81 so at the high time 81 so and at the close
1885, The receipts to-day ordinarily would not
he considered excessive but account of re-
cent DEVELOPMENTS there were fully many as
expected. and. in fact. a larger supply than a
week ago year ago. The market opened
with practically demand from any source.
and IL was evident from the start that statesmen
would have another difficult problem to solve.
In the first hour practically nothing changed
hands but later a few loads being sold.
Packers who seemed to be leading the buying
were requiring reductions OF l0c TO 15c in prices
COMPARED with yesterdays close, and while
statesmen were very reluctant in accepting such
figures there was other outlet and most trans
actions indicated that much change. Shippers
were also buying few loads and then.
hut n was evident that the supply was ample to
meet all OF the requirements and the trading
was very dull. Rather late in the day few
shipping orders for heavy hogs arrived and were
executed at current prices. but they gave very
little n any, strength TO the market After
buying / 600 head Kingan & Co. withdrew from
the market and a few loads remained unsold
at the close. Sales ranged from 1915 to 81. 81.
and the hulk Of the supply sold at $7fs7. 90
against s71567.35 yesterday. Quotations:
Good to choice medium to heavy 81 15Ss7. -