Indiana daily times. [volume] (Indianapolis [Ind.]) 1914-1922, 1920-11-05
HOG MARKET
AGAIN HIGHER
Cattle Market Sustains Losses
Calves and Sheep Steady.
RANGE or HoG PRICEs.

8. 14.50@14.65 14.66414.S5 l4'oVW Aa.oO
There was another rally in the price
of hogs on the local live stock exchange
TODAY when prices started generally 70 to
so cents higher, due to strong semi
mcnt of the market and probably 1nhn-
enced to certain extent by Reports from
the West of the progress or the grain
strike among the farmers. However, the
principal cause of the market was the
strong sentiment of the local market,
which held firm regardless OF the large
receipts that were on the market at an
early hour.
Trading was Sctive, especially among
the Eastern shippers, who seemed TO
have orders TO take any and all hogs that
might come onsthe market.
Local packers, however. were not as
active as they generally are when there
are large receipts at hand. due perhaps
to the high schedule of prices that was
set up by the Eastern shippers Mt an
early hour in the market.
Receipts at an carly hour were closely
estimated 1T 10000 and there we're re-
ports in effect that there would be more
hogs come in before the close Of the mar
ket. Commission men stated that all
indications were that there would be
1900 hogs on the market before the day
was over.
There wasa top Of s14.s5 on two loads
OF good workers., while the bulk OF the
good heavy hogs brought $14.65@14.sO.
with but few heavies at the top.
Medium and light hogs generally
brought s14.50D14,65.
Both pigs and roughs were consider
ably higher, with pigs at $14G14.So, ana
roughs, S13.50Ql3.T5
The bulk Of sales for the forenoon
trading ranged close TO SI4 .5OI14.60
Trading was slow on the cattle market,
with heavy receipts and some stale cattle
left over. and prices were generally -
TO so cents lower In the early tradlng
aEvith the exception OF few good puiIb
that brought steady prices. There were
indications that prices might go tower
before the end of the day. In fact, some
OF the leading commission men stated
that they would not be the least sur
lower before the close OF the late trading.
There were few good cattle among the
approximately ] 200 receipts OF the oay.
The principal cause given Tor the de-
cline Ia prices were the lower tendency
OF Chicago and other large cattle mar
ke.s OF the West which in turn is que
10 the flooding Of the market vita the
Western range cattle
Commission men are of the opinion,
however. that as soon as the mood OF the
present market subsidies the cattle mar
ket in general will take on nrmer tone
OF permanency.
There was good active trading In the
calf market today. but the heavy re-
ceipts at 500 were OF enough consequence
to set back any movement for higher
prices that might have set IN hsd II not
6een for the large receipts
Prices were generally steady 70 strong
with perhaps a few more calves bringing
the top OF SlT and few selling at 81 80
There were reports OF three or four
good calves bringing SIS. but no author
lty could be found for the actual sales.
There were again large receipts on the
sheep market at between 1000 and LOO
sheep and lambs. but there was no low
err tendency In the price schedule.
Prices held arm, with prime sheep at
S4d5. and spring lambs al 6.50I il.5o.