The Richmond palladium and sun-telegram. [volume] (Richmond, Ind.) 1907-1939, 1919-09-01
TOP ON HOGS IS
81 UNDER HIGH
MARK OF $3.50
All Live Stock is Down-Re-
action Expected for This
Week.
BY WILLIAM r. SANBORN

The top quotation on hogs at India
napolis last week was 81 under the
record price, $3.50. made short time
ago. The closing sales on Saturday Of
good hogs of $50 pounds and up at
$3.50, was the lowest for that grade
since March 10th. on which day $19.40
was the top of the day.
The Saturday decline was uneXpect-
ed, but the large run for the closing
day of the week. $500 head, and the
demoralized condition at the central
markets all OF last week, resulted in a
drop of so cents, where a small ad-
vance over Fridays figures had been
anticipated.
The fact that local killers would
have to hold stock over until Tuesday
was also factor. The general feeling
was that a reaction to higher levels
Is due for this week. The bulk of
sows handled went at $14.5O to SIS.
As to cattle, conditions were equally
unsatisfactory, to shippers. The de-
cline for the week ranged at from
rs cents to SO, according to class
and quality of steers and sows.
At a decline Of 30 cents to 81 for
the best, on Saturday, veal calves
we're 81 to 81 lower than in the early
part Of the week Common to medium
veals suffered a much greater decline.
Tho Break at Chicago
The low point on hogs was cached
in Chicago on Friday, and the Satur-
day reaction was Unexpectedly broad.
The outside buyers were chiefly re-
sponsible for this, as but three small
Chicago concerns were doing bidding
during the day. Yard spectators and
representatives of eastern killers be-
neved Saturday to be bargain day in
the pens, and their action advanced
prices accordingly.
Saturdays average on hogs was
$1.25 higher than on Friday, but at
that was still 1920 below that of Mon
day. The weeks average price at
$3.50 was 80 cents under the pre-
vious week. and in indeed. was 80
cents under that ruling for the same
dates in 1918.
The Chicago market is open today
though the packing houses are closed
because of Labor Day observances.
Cattle closed at the bottom Of the
week at Chicago and at other western
markets, and the same is true of India
napolis. The average price for the
week in Chicago, $3.50. was but a
shade under that ruling the week be-
fore, and but cents below that for
the corresponding week in 1918, which
was SIG. Lambs averaged $1.15 lower
fro the week at $500.
Receipts at Glen Miller.
The receipts at Glen Miller stock
yards during the past week were: ia
hogs; 425 sheep and lambs; Al veal
calves and 81 head of cattle. The
break in hogs early in the week af-
fected receipts materially, for though
many were offered at a price no one
knew how to buy, with the market
breaking so cents to 81 per day.
AS Rome Shurley truthfully said: 1t
did not matter how they were bought,
the buyer was sure to lose money in
getting them on the market" The
hogs taken in at the Glen on Saturday
brought $500, drop of $500 for the
week.
Mr.. Shurley reported hogs so cents
to rs cents higher at both Cincinnati
and Chicago at the opening Monday
morning.
While all kinds of reasons are
given for the slump in the farmers
live stock" said Mr.. Shurley, ut is
supposed to be chiefly because Of the
agitation on the H. C. L. and the put
ting on sale of the war surplus foods
This it not generally accepted by
the trade, as there is no noticeable
change in other commodities. Any
thing which would affect the price OF
live stock, should certainly affect oil
other articles that are as important tc
the wage Garner"
Why No Other Cuts.
THE feeders interviewed at the
yards are ready to take their losses
but are curious to know why it Is
that with all the fussing around anG
agitation that nothing Is cut in price
but hogs, cattle and sheep. Thi:
question Is especially pertinent II
view Of the fact that receipts in al
markets have been comparatively
light.
While good cattle are somewha
lower for the week, the plain grade!
are demoralized. II the demand fol
cattle and hogs continues they will
eventually sell higher. as it will be 81
to so days before new corn hogs car
reach the market.
There seems to be a general let-ul
in the price of feeder hogs, reports
from Indianapolis late last week be
ing to the effect that there was no de
mand for them, and they were bring
ing low prices for slaughter"
Lambs were about 81 lower for tn
week, lOCdlly, anu veal calves $l 10 ;
of.
Shippers in Market
D. Hogatt, of Randolph county
marketed "a head of cattle here an
cashed in $4,0S7. Alex McClur
brought in 10 head of cattle that sol
for $1,110 which. as he stated. cos
him $1,000 last spring. Ed Doran, Q
the Gennett stock farm. cashed in 2
hogs at S1,0S6, and Don Southland. G
Franklin township sold IS hogs TO
SITS which would have netted hir
$3.50 more a week earlier. The larges
delivery Of hogs was made by John
Mcclure of Boston. "A spring pig
which brought S2.940.
Among the shippers last week wer
o. L. Bales, Bert Isenbarger. Aaro
Benson, Jess Bird. J. A. Mcclure, Blu
lev Jordan, OFT Love. P. D. McMahaI
T. F. Edwards, o. NJ. Jennings, Die
Conway. Fred Newcomer, Fran
Thomas, J. E. Carman. Hale Dicke,
O. Cranor, Joe Pardick, Glenn Endsle.
T. A. Greenstreet, Geo. Hiatt. Cha
Woodruff, c. Lowdenslager, l.. l.. Hel
sbow Rert Hunt Henry WOlfal, Arc