Indiana daily times. [volume] (Indianapolis [Ind.]) 1914-1922, 1920-11-04
HOG PRICES
SUSTAIN LOSSES
Decline of Is to so Cts. in Hog
Mart-Calves Down.
RANGE OF HOG PRICES

There was a slump in hog prices on
the local live stock exchange at the open
ing today after an advance OF more than
so cents on the Wednesday market Inc
close of the Wednesday market was some
what higher than the opening with
good, strong demand and but few hogs
left to supply that demand.
Prices were generally % to 90 cents
lower. with tho exception OF perhaps
one or two small lots Of good heavy
hogs, owing TO the lack OF goou heaFy
hogs on the market.
Good heavy hogs generally brought
around $14.50, while lights, mixed ana
mediums generally brought $l4.2og 1850
top of S1425, while roughs were fully 90
cents off at a top of Sl3 %.
rhe bulk of the sales for the day ran
close to $14.25.
leading commission men as due to the
lower tendency of Chicago and other OF
the outside markets and also to the over
supply Of hogs here today.
Finding was, however, of a general
nature. but there was not the usual num-
Der of orders. Both the representatives
Of the local packers and the Eastern
shippers received orders to put their
hogs lower.
Receipts at an early hour were close
around 5000 and 1t was thought that
there would be at least 10000 on the
These were rather large receipts for
this time of the week and were prob
ably due 10 the hold-up caused by the
inability Of local shippers to get their
hogs to the market on account OF no
cars for freight being set on election
day.
The clearance for the Wednesday mar
ket was good, with nine stale hogs left
on the market for today's trade.
Trading on the cattle market was fair,
with the local packers buying only for
their immediate needs.
Prices however, were easy to IS cents
lower generally and 80 cents lower on
some OF the extreme poor stun OF all
grades.
The decline in the market is said to
be due TO the lower tendency Of Chicago
and some Of the important Western mar
kets, which in turn is due to the large
receipts coming from Western ranches
The cold spell in the Northwest and West
probably had some affect on the crOwding
Of the market
Receipts were rather large at approx
mately 1000 cattle in the early forenoon.
and It was thought that there would
probably be 300 more cattle come into
the market before the close of the days
trading.
There was a good strong tone to the
trading on the calf market with a very
unusual trend OF prices. Veals were 30
cents to 81 lower, good heavy calves were
the reverse az so cents to 81 higher, and
other grades held about steady.
The reason given for the advance OF
the prices In good heavy calves was that
there was an exceptionally good demand
for that grade OF cattle in the East. The
slump In the price OF veals is probably
due more than anything else TO the sen
timent Of the local butchers.
Receipts for the day were fairly heavy
at 600
There was a decidedly lower tendency
In the prices on the sheep market today,
prices sustaining losses ranging from DOC
to $15o.
Sheep were fully 81 lower with a top
Of S. and the bulk OF the prime sheep a
s4m5. Bucks and common sheep were
fully SOC lower
Lambs were fully s1@150 lower with
top of $11.JO and the bulk Of the good
springers at S6a1125. Yearlings were
fully soc lower.
Commission men stated that the cause
for the decline was principally the food
ed condition OF the principal sheep mar
kets of the country. and also a slack
order season in the East.
Receipts were approximately 1000.