The Richmond palladium and sun-telegram. [volume] (Richmond, Ind.) 1907-1939, 1920-03-15
HOGS UP, CATTLE
DOWN, IN SEE-SAW
OF STOCK PRICES
BY WILLIAM r. SANBoRN.


With the price of hogs the highest in
five months at all stock yard centers,
last Saturday. cattle closed the week
at loss Of SO to Is cents. compared
with Monday, the highest day in the
past two weeks, The action in cattle
has not been broad, however, the week
ly average prices varying but little,
taking the past two weeks as a whole,
the figures being 1880 per hundred
weight for the IL market days ending
Saturday, March 18th.
The fact that the receipts at Chicago
154,S00 hogs, were the largest in some
weeks, and the average weights at
237, pounds the heaviest since last
October, did not check the continuous
advance.
There was no skyrocketlng of prices.
but there has been a consistent gain.
the lighter weight stuff advancing the
farthest. The better grades of $50 to
200 pound hogs were in greatest
favor in the west, these bringing SIG
on Saturday from both packers and
shippers. The hog trade seems to be
in healthy shape. at least for the feed
ers, however those who have been
hopeful of cheaper pork chone may
view the outlook.
The days average at $151.0 was the
highest in months at Chicago. on
Saturday, which may or may not be
an indication of the real trend of
future markets. Prime steers have
been gradually weakening, the tips on
Saturday being from $3.50 to $15.75
at Chicago, when not so many months
ago the range was $500 to $1,000 for
a short period, with porkers on the
down grade, in that market. Hogs are
now up $3.50 from the low point Of
three weeks ago.
Market Map High Spots.
The high spots on hogs Saturday.
were: Pittsburg, s17.15: Buffalo,
5000: Indianapolis. S1650: Cleveland,
S16.40. with st. Louis and Chicago tops
standing at $1,000, and all other mar
ket tops ranging below that figure,
ST. Pauls top being s14.9O
The receipts at Indianapolis were
The lightest of the year and the $500
hogs were quickly cleaned up. Good
heavies sold at STATS to S1625 and
prime lights struck s1650 amid con-
siderable competition. There was no
choice cattle in the pens on Saturday,
the arrivals being but $50 head
These did not last long and prices were
held firm at the Friday range.
HClC very lItIic uOlDS Ill Sleep
or lambs, in fact there were no fresh
arrivals to trade in. Medium veals
sold at from s13 to SIG, with heavy
calves at So to $40. Best lambs sold
ND to $40 at indianapolis last week
Sheep and lambs have found a ready
market at good prices everywhere. for
some weeks, prime western lambs
selling up to $50 in Chicago and as
high as $40 in Omaha last week
Corn Up With Hogs.
looking back to Feb. 13 in a COM
narieon of the price Of Nav corn with
'hn aoures obtained on March IL. a
"ecidnd advance is noted. On the Feb
ruarv date May corn sold as low as
81 .2aA against a close Of S14S on
March 18th, and high of 81 so or
hotter during the past week. This adj
vance of 20 cents was not caused by
the advance in hogs, nor was the In
crease in hog values predicated on the
bulge in corn.
The markets are manipulated by two
different sets of men. They do not
work in harmony. The bulls and bears
in corn work to trim each other in the
option market, and whether hogs can
or do eat corn does not concern them.
You remember the days of 50 corn and
up when hogs were on the toboggan.
to the loss Of a million farmers who
were feeding instead of shipping their
corn.
July corn advanced from $1.26A to
s1.45 in the past four weeks. No mum.
, Der corn is quoted in any western
cash market, strange to'state, nor have
there been for some time. Number 8
mixed is bringing 81. AS as far west as
Kansas CITY and Omaha, and from
s153 to $1.56 in Chicago, on track
Number 2 oats are worth from IS cents
to SO cents in the west