Evening journal., 1919-09-19
MIn.MEEk pRoyIsloN LE1IER.

= Sept IL. 1919,
The top on hogs today is iSc, zoe
3 higher than Tuesday Tuesday was The
s lowest top since March 3rd OF this
Z year and is $500 lower than the record
: from last July, when the top was $500.
Today's market Is 10 30 i0o higher than
: Yesterday. Eastern packers have been
: getting sufficient hogs in the Eastern
p markets al prices under Chicago, there
!. fore. there has been no buying pressure
to lift The hog market out OF It's down.
: ward tendency until today, when the
= market showed signs OF improvement.
= Young hogs are now on their way TO
-mafket every day and the quality VIII
be improving rapidly from now on.
Al one time recently the spread was
about $500 per 100 between best quality
.sbogs and the common packers. The
spread now is about $3.50 and by next
month il is likely TO be Si.OO or under.
There is little improvement in the de-
nand for cured hog products. Fresh
pork trade is fairly good and will prob
ablv improve as the weather becomes
cooler. but increased receipts Of hogs
from now on will more than provide
for any enlarged domestic demand
therefore. we will have to depend on
The foreign trade TO take care OF our
surpluses.
There is a raft OF young, cheap grass
cattle coming to market which Is iur-
nishing very cheap meat,-boneless
chucls. which are going into the max
ing OF sausage. are selling around 20
wholesale. Club and Porter house
steaks Of this class OF cattle are retail
ing from - TO 25c h. Pot roast from
80 10 i2 i-2c. II hog receipts keep up as
expected. this cheap beef may have
tendency to put fresh pork to lower
levels and within the next 30 days
pork loins could break s to i0c h.,
and then look high compared to beer
swift & Cos average wholesale price
OF beef 10 the Chicago trade as publish
ed daily shows for the week ending
Nav 3rd, the average price OF beer
wholesale was s20.9f on sept 18th the
: average price was $500, which shows
7 a break OF s5.s7 per 100 on an seyersge
of an their beef sold on the Chicago
market We fail 10 see where the re-
isilers in general have followed any
such reduction IN prices. Any comment
as 70 where the fault lies Is plainly
disclosed In these quotations. II the
public will follow the daily quotations
as published by swift 4 Co.. they can
form some idea of what meats should
sell at retail.
&c. Thompson. secretary Of the I'LL
nois Agricultural Society, has requested I
farmers 10 avoid being stampeded into
) selling their grain or livestock on what
. he calls a temporary unsettled market, !
due as he claims. 10 manipulation and I
agitation against the high cost OF liv- |
ing. He predicts a saner market II the J
producers will follow a more careful |
marketing Of grain and livestock. Far |
mers have been very nervous recently. !
not knowing how low hogs might go and |
have been letting their hogs come 10 /
market very freely The action OF the |
farmers Association 20 encourage the |
holding back OF livestock as long as /
possible may temporarily siralghten up
the hog market. hut what we peed /
mostly 10 give strength 10 the hog and /
provision market Is more export trade.
We are going into a period OF ac-
cumulation and we must get the trade !
that we have been looking for II prices |
are 10 be maintained. This Is, OF course
an speculation, as no one knows how I
soon European matters VIII be adjusted /
whereby financial aid can be furnished |
and they can buy more freely. Stocks !
OF provisions as held IN Chicago on
Sept. 18th are not cumbersome. We
have only 30653,2s3 pounds OF lard as
? against 4o.225,05S Sept. 18th. 1913 and
5i.25S,SsS on Sept. 18th. 1917. stocks OF
short ribs. 4i0s.S23, as against 1896
s57 Sent. 18th. 1913, and iii23,53i Sept.
18th. 1917. Stocks OF pork, 3.O7G. as
against s,Sa7 Sept. 18th. 1913. aud i0753
Sept. 18th. 1917 All lard decreased
2.is7.72i for the first half OF September
as against an increase OF 500. i2e for
the corresponding period Of last year.
w. @. PRESS & co,
Commission Merchants,
0rsin. Provisions. Stocks, Cotton ana
Coffee,
No. f75 w. Jackson Bouicssrd
Chicago, Ill