The Richmond palladium and sun-telegram. [volume] (Richmond, Ind.) 1907-1939, 1920-05-10
LIVE STOCK FAIRLY
STEADY DURING WEEK;
TOP LITTLE HIGHER
Bv WILLIAM r. SANBORN

Bv WILLIAM N. SSNNSS'N~
Choice 1896 pound average beeves
sold for Boston shipment at $3.50 IN
Chicago on Friday, and two loads OF
the fanciest 100 pound yearlings
brought S1440, this being Is cents
above the previous top.
Common to good steers sold at
s1l.5O to $3.50 most of the week, with
a nominal quotation of $14.25 for top
on prime offerings, but no sales were
made at that figure at the weekend.
Cattle ruled fairly steady at Chr
cago last week. Trade opened firm
with prices % cents higher than on
Saturday, a few prime steers touching
s14.50, which proved to be the high.
Choice western wooded lambs ad-
vanced to sci on Wednesday. with
shorn lambs about 81 lower THESE
prices we're maintained during the pal
ance of the week, with native lambs
ranging. at SIT to $50, in the main.
The Chicago hog market was spec
ulative affair all week, with packers
slow to act until shippers got under
way A few choice lights sold up TO
$3.50 on Monday. and none brought
a better price. The top on Saturday
was s15.40, the market being Is cents
to rs cents above Fridays range.
Indianapolis Live Stock.
Indianapolis started the week with
a heavy break on hogs, the drop be-
ing from SO to rs cents. There were
5000 hogs in the pens at the opening
of the market, and the top on the day,
s16.1O, was paid for but a few loads.
Hogs held their own fairly we'll during
the week, however, making top or
S15.75 on Saturday, compared with
s15.4O at Chicago, $15.25 at Cincin-
natl and $1625 at Pittsburgh. Extra
good steers brought $13.25 on Satur-
day, with calves at $14.50 and lambs
at $40 for top on the day. Common to
medium lambs went at from $12 to SIG
at the weekend.
Grain Markets Are Lively.
We are unable to quote -four prices
in Warsaw, but we do know that we
are shipping wheat to Poland at $3.50
per bushel, loaded at Gulf ports, this
being for Red Winter. Northern wheat
at Minneapolis is ranging at from
$500 to $40, as to grade.
May corn sold at $1.95 for top on
the crop at Chicago. on Friday, but
closed 5 cents off at $50 on Saturday.
May oats struck $1.O6b on Friday, but
followed corn in the Saturday break
Cash corn is worth 50 and up at
Chicago.
The fact that there is plenty Of
wheat, corn and oats at country points
with insufficient cars to move them.
largely accounts for present grain
prices. 1t is the same in all markets.
What Will Happen Later.
There will be pressure to ship old
wheat when the new is seeking an
outlet. Corn can wait, but wheat must
move from many crop centers, for lack
of storage We experienced what
car shortage means in this section last
year, though the threshing was long
drawn out. We shall have less wheat
to ship this year. But all the elevator
room will be needed, regardless, I'M
less something more happens to our
wheat. There is pressure to open all
markets to wheat trading as soon as
the government control elapses on
June /. On the other hand some say
that January ! will be time enough
to take down the bars.
Football of Speculation.
Except right at harvest time, specu
lation will have tendency to advance
prices. 1t is likely we shall hear of
untold millions of old grain in the
country when the new wheat comes on
market-this to depress prices. 1t has
often been done this way.
One thing is certain; every pound
OF wheat will be needed this year at
good prices, and what good" prices
may mean is for future determination.
1t may be that the exchanges will not
open for months. Conservatives hope
for long delay.