The Richmond palladium and sun-telegram. [volume] (Richmond, Ind.) 1907-1939, 1919-05-26
WEAKENED GRAIN
CAUSE OF SLUMP
IN HOG PRICES
Heavy Receipts Of Cattle and
Sheep at AllMarkets During
Week.
BY WILLIAM r. sANsoRN

- sSt6ItNtW 0AN6OhN
A bear raid on the price OF hogs
was instituted at Chicago last Mon
Gay, raid which lasted until Sat
Irday forenoon, when slight advance
occurred. Saturdays top was $20.75,
which was 30 cents below the high on
saturday, May IT. The most serious
break OF the week came on Thursday,
the extreme low showing q decline OF
90 cents from Wednesdays high. The
receipts at Chicago totaled 192,600
hogs: while the combined hog re-
ceipts at the eleven principal markets
ran up to $4,000. and this was ia, 900
head over the receipts in the same
week In 1918.
3 But the most serious break in prices
came in the cattle market, when on
Saturday good beef cattle averaged
S14.9o. the tip-top during the week be-
ing $3.50, at which very few head
were sold. Saturdays prices on good
cattle were, on the average, $1.55 per
hundred lower than in the first week
: In February, when the average was
the highest on record, at Chicago.
Only a small per cent OF cattle re-
ceiyed at Chicago last week sold at
over $1,000.
We gather from the tone Of some of
the Chicago market reporters that
some OF the stock yards brokers have
feen predicting a June break In the
price OF hogs. James E. Poole says
that the hog market can be main
tanned through the summer on a basis
SIS and Sc per cwt. above cattle. Is
unreasonable"
Glen Miller Yards Report
With reference to sales at the Rich
mond yards during the last week.
Rome Shurley says:
With heavy receipts of cattle and
sheep at all markets the prices tended
downward and on Saturday hogs
showed a net loss of IS cents per hun
dred. The loss on heavy steers was
SO cents, and on beef cows and heifers
there was a shrinkage of Is cents to
dollar per hundred in price for the
week.
while all kinds of reasons are be-
ing given for the slump it was gen.
orally attributed to the weak condi-
ton of the grain market, and to the
fact that the stocks Of packing house
products are the largest ever on hand
at this time of the year, in the history
Of the trade"
Including six cars of cattle on
through billing there were received
at the yards last week, 1872 cattle,
81 veal calves and 375 hogs. The
highest prices paid on Saturday were
$3.50 for hogs. $1,000 for cattle and
$500 for veals. The largest delivery
of hogs was made by 8. H. Keene. of
Webster, who sent in 43 head which
brought him $1,000 and netted $500.
Ross Markee marketed % hogs early
in the week at $20,25, the highest
price ever paid at the Glen Miller
yards for hogs. George Davis trueked
in 40 hogs that averaged 155 pounds
and which sold for s1s.25, the net be
ing 81 ,235.S0.
List of Shippers.
The following were patrons of the
Richmond yards for the week ending
Saturday, May 24th:
Harry Critchfeld. J. E. Morrison,
BENZ. Sharp, Ora Parks, Carl Norris,
s. H KEN, Carl Hartman, Ross Mar
kee, L. G. Railsback, L. v. Mikesell.
Howard Pickett, n. E. Dares, A. s..
Parant, Harry Macy, D. H. Baker,
J. L. Isley, Roy Roberts, Ollie Hodgin,
Harry Ryan.
Charles Gibson, O. c. Hunt, Henry
Tapey, R. e. Stuck, W. D. Rich, VIM
Brandley, Donald Bayne, Ray Milton,
P H. White, o. w Albertson, w. E.
Baldwin, l.. A. Wright, Len Clark, A.
Brown, John Hudson, c. H. Mckinney.
Gus Winters, John Shuttle, Len Har
rison, Charles Long, Garnet Ringley,
John Noakes, E. Tschaen. L. c. Pea
cock, Harry Spencer, Ed Eubank, Guy
Murray, o. Cranor, Dick Conway, O..
NJ Jennings, Clyde Epps, Howard
Smith, Ira Pedem. Harvey Osborn,
T. w. Druley. John Madden, Harry
Goble, Eldoras Clayton, E. A.. Petry.
Ed Morris, L. Robbins, Guy Coffin.
Elihu Mills, Ed Kinsinger and M. Dale.