The Richmond palladium and sun-telegram. [volume] (Richmond, Ind.) 1907-1939, 1919-09-29
MARKETS TAKE
UPTuRN IN WEEK
DESPITE STRIKE
Live Stock and Grain Prices
All Going up-Much Bull
Sentiment at Chicago.
BY WILLIAM r. SANBoRN.

BY WILLIAM r. sANBoRN.
Despite the fear of demoralized live
stock markets last week, because of
the steel strike, the price of cattle
averaged As cents above the previous
week and hogs averaged cents
higher, at SIT.
Prime steers ranged from $3.50 to
$3.50 last Saturday, with good to
choice ranging at fran $3.50 down to
$3.50; while common to good ranged
up to $16.50 on few selections. The
market at the end Of the week was
steady to strong at all western points.
Western receipts were considerably
lighter than a year ago, both of cattle
and hogs.
The top on hogs at Chicago Satur.
day was $3.50, for light butchers,
which was 40 cents over the top for
heavies. Light bacon hogs We're in
aemand' those ranging at $50 to $50
So many poor quality hogs were
marketed on Saturday that the ave-
rage for the day was but $l6.25, this
being 20 cents under Fridays average,
and the lowest, with one exception,
since last October. Owing to the
large number of heavy packers receiv-
ed last week, the average estimate
was estimated at 256 pounds.
The percentage of prime finished
cattle was small everywhere last week
especially in the west, but even so,
the average price at Chicago, $3.50.
was 20 cents above the average for
the same week in 1918. while hogs, at
SIT, were $500 under the figures for
the same week last year. Sheep at
$500 and lambs at s14.50, on averages
for the week, were each $3.50 per 100
weight below 1918 prices.
Active Grain Markets.
Corn and oats had a broad range
during the past week, with exceptional
daily fluctuations. Unexpected strength
developed on the morning the strike
opened, corn advancing 3 cents and |,
oats gaining l cent, where decline
had been feared by the bulls.
Rye and barley also advanced sharp |
ly and all hog products took an up |
ward turn, with everything closing at
the top Of the day This indicated |
that the trade did not take the strike
seriously, but anticipaed an early set
tlement and return to work.
September corn reached $1.55 or
it's upward swing on Tuesday, an ad-
vance of more than 20 cents from it's
recent low. But the price didn't hold:
it struck bottom for the week at 81.
on Saturday, and closed at $1.44.
Board of trade spectators and grain
shippers are always awake to the var
ious changes in the cost OF every i'm
portant food and the fact that, in spite
Of the government campaign to reduce
the cost Of staples. eggs and butter |
have avdanced cents per dozen and
pound at Chicago within thirty days, |
strengthened bull sentiment on the
floor. Dressed beef, pork and mutton |
ranged about one cent higher the past
week, at wholesale, than during the |
previous week.
Glen Miller Market.
The receipts at the local yards were
fairly heavy last week and prices
ruled steady within rather narrow |
range, compared with recent widely |
fluctuating markets.
In spite of the hesitancy shown by |
live stock shippers generally, the To-
cal yards received sol hogs, "a head
of cattle, 3s veals and 20 lambs. Out |
side of 80 spring pigs fed by Wora
Payne, Of Glen Karn. that sold for
SIT on Tuesday, 16 cents was practi
cally the top on good hogs sold late
in the week.
With reference to the intake for the
week, Rome Shurley, said: I'D. Hog |
gait sent in IS hogs, fed by William
Hearnley of Randolph county, which
averaged 800 pounds, and brought
$16.65 over the scales. Ozro Bales
brought in rs head that netted $2,5S1 |
at $16.75, and Ollie Hodgin marketed !
SO head, fed by William Miller and
Edward Medaugh, that sold for $2,39S, |
at $1635 per 100. Charles Longnecker |
sold % May pigs at SIG, the net being |
$617.50.
I'm addition to these, were los hogs
delivered in small lots at various |
prices, which weighed 1850, and cost
us $2,S80.
The bulk of cattle was on through |
billing, although there were several
cows received good enough to COM
mand 10c and lie, with little better
market all up and down the list.
Veals ruled steady, range of SC to
tic as to quality, but lambs were very |
dull, selling at &c to 10c; sheep at 4c I
to &C and bucks at So to So per hun
dred pounds.
List Of Shippers.
In addition to those above mention
ed, and who patronized the local yards |
last week were: Will Henley, John |
Branson, John Roger, E. Stancomb,
Carl Wright, Charles Snedeker, j. w.
Morrison, William Miller, D. Conway.
w. N. Wilcox, Al Paulin, OFT Cranor, |
Miles Shute Ell Laird, Hugh Crocker, |
]. A. Carr, w. R. Crawford. Earl
Stevens, Joel Railsback, Harry Os-
born, r. c. Wolf, Bert Isenbarger. |
William Lipp and Brason Horner.
The local farmers and shippers who
visited the yards last week, were most |