The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1903-10-18
Calves

Hogs-Receipts 6.5C0: shipments. LOCO. The
marketing Of hogs continues of good volume the
receipts this week indicating an Increase of 1900
over last week. 5000 over the same week a year
years ago. Thus far this year the receipts are
over 23s, 900 larger than the same time last year.
and for the month thus far there rs an increase
Of 1860 over the same period year ago For
tie week ending yesterday the leading local pack
the preceding week and S.047 the same week a
year ago. During the same period the ship
ments were 1i,i37. against 1,965 the preceding
week and 11.OS3 the corresponding time year
ago. The quality of the current marketings has
been generally satisfactory, ana quite number
of strictly prime hogs were represented, but. OF
course, the standard is not as high as 1t was
some time ago. Gradually the proportion or
prime heavy hogs in the arrivals is decreasing
and the supply of ordinary light hogs Is increas-
ing. Therefore, buyers are beginning TO dis
eliminate in favor of the good-weght hogs,
| and. in fact, they are now selling at fair pre-
MUM in prices over other grades, and there is
probably greater difference between prices Of
the good heavies and ordinary light hogs than
there has been since about the middle or June
The sharp reduction in prices last week naturally
had it's effect upon the marketing. and. with
close of last week and the beginning of this
week. there was rapid rally in the market
and at the high time in the week, which was
yesterday, prices within about zoe of the
high time nearly two weeks ago. which repre-
sented gain OF around Toe IN the average from
the low time a week ago yesterday. A feature
of the market this week has been the strong
competition from outside sources, and shippers
have generally been the backbone of the market
and bought nearly 5000 more hogs than local
packers, which is unusual 1t was observed that
packers at all times were inclined 10 press the
market and being forced into paying the prices.
they, of course, did not take more than re-
| quired for immediate At the extreme close
of the week weaker conditions had developed in
the trade everywhere, ana a reaction in prices
| here left the average about 3oc higher than the
| low time last week The receipts to-day We're
considerably larger than recently at this time in
the week and were thrice as large as last Satur-
day and about $500 larger than year ago.
The market opened with less competition from
| outside sources than there has been heretofore
| this week. but packers who have been rather
slack buyers for several days showing a
little better disposition and finally intimated
| that they would be rather free buyers at lower
| prices They were not asking unreasonable con-
cessions, however, and, statesmen being satisfied.
offerings were soon moving toward the scales
in a general way prices were 10d15c lower than
yesterday and packers were liberal buyers at
/ had been taken. but. with little opposition from
shippers and unfavorable reports from other
places. the trade finally began TO develop more
weakness, and ubSequent sales in some in
stances. at least were reported 20c lower than
| the best figures yesterday Nearly 1.5o0 hogs ar
| rived ABOUT noon, which made the receipts the
| LARGEST OF the week. A good many of the late
| kind wanted by shippers, and conseouentiy thew
remained out OF the market. Packers who had
| bought freely all day were weaker, but showed
| disposition to take the hogs at decline. Sales
| men, OF course, werc reluctant in accepting any
| lower figures. but surrounding conditions per.
visable to carry over many hogs until Mon.
day. and they finalt had to accept nacIers
| than early morning prices and no doubt SniI,
2Oc lower than the kind Of hogs sold wee
terday. AT the close good hogs sold from S.
to $780, according to weight and quality which
is probably not TO exceed zoe higher than the low
time last week Kingan Co bought over 5. 90
| this week. and the market closed with a eooe
clearance. Sales ranged from $40 to So ans
early were largely at sSsoQ6. but on the Close
Good to choice medium to neavy....... S. so6s a
Mixed and heavy packing. & 7OfI5 q
Common TO fair light weights. g. sou ) 4
Inferior TO best pigs ACKNOWLEDGEMENT. 4O0fi5