The Richmond palladium and sun-telegram. [volume] (Richmond, Ind.) 1907-1939, 1920-12-06
CATTLE PRICE DROPS
TO Low Since 1916;
GRAIN TONE CHANGES

There seems to be change in the
mental tone as to all grains. At least
that was the indication in all western
markets last week. At the close Of
the week December wheat was over
Is cents up, compared with a week
ago; corn 3h to cents higher, with
barley up to cents, and oats at
new high levels on the present rise
While the closing was a little under
the top. prices were well maintained.
December. wheat closing at Sill, with
March at $1.66A. December corn
closed at 72A, May at 761s, and July
at 77A. Oats closed a shade higher
at 47A for December against II cents
on the same date last year. May oats
closed at So cents on Saturday.
The bears who have been raiding
the market for weeks finally called
halt last week and covered most
of their deals. The export demand
also figured in the advance and many
Of the best posted grain men admit
that our surplus of wheat is pretty
well sold out for thus early in the
crop year, should all purchases made
by foreigners actually go forward. At
all events, the United States is not
overloaded with wheat, there being
plenty of time left in which to mar
ket every bushel we can spare prior
to the new harvest.
Cattle Lowest In Four Years.
Cattle prices on Saturday ruled the
lowest in nearly four years, the aver
age price of good beef steers being
$10.75. There was a decline of from
81 to So during the week, with fair
to good fat steers off most. Good fat
lambs ruled higher. the advance be-
ing upward Of 81. the weeks average
reaching $11.S0.
Heavy Hog Receipts
More hogs arrived at Chicago last
week than in any week since last May.
A total Of $4,000 head came in, but
despite this pressure the average price
made a gain of 81 cents per hundred
weight on the week Compared with
a week ago the top at 5000 was up
Is cents over Saturday, Nov. 81. While
this is but a small gain, it is at least
encouraging in the face of such large
receipts.
indianapolis Market Steady
In spite of receipts of 5000 hogs at
Indianapolis Saturday, this being con-
siderably over the estimates for the
day, hogs fully held at Fridays fig
ures. The greater part of the bust
ness was transacted on the oasis or
$1,000, although several cars of light
Workers brought dime more.
Although but 200 fresh cattle came
in, the market was draggy and slight
concessions were made by shippers,
rather than to carry stock over until
Monday. The 800 calves met with a
good deman nd and advanced SO cents
to 81, with choice veals selling as high
as $14.50 Good to choice lambs were
weak at Indianapolis last week, the
best prices on best lambs Saturday
ranging at $40 to $1,000.
Business at Glen Miller
They had a fairly busy week at
Glen Miller, about 700 hogs coming in,
and all but one carload being cleared
by Saturday night. Hogs sold at from
50 to $40, depending on the market on
day Of sale, also on quality. few
fat sows were taken in at from ST up.
A few truck loads of hogs came in
Monday morning and it is expected
that the yards will be cleared by
night Two cars of cattle were ship
ped last week, including a few veals.
Sheep have been bringing SO little
money that none was brought to the
local yards last week.