The Richmond palladium and sun-telegram. [volume] (Richmond, Ind.) 1907-1939, 1920-08-09
RISKIEST MARKET
EVER, SAY MILLERS
And GRAIN DEALERS
By WILLIAM r. SANsoRN.

by William ~ SNiNoonNs
War, weather and transportation
all figured In the speculative markets
last week. 1t was claimed late in the
week that much of the corn belt badly
needed wetting, but this fact did not
support corn when there came rumor
that Poland had arranged an armistice
with Russia, this being presently de-
MED.
The dry weather checked the selling
Of corn by bearish operators, and the
reports of odd showers here and there
aHayed the tendency to have a run
away corn market, in keeping with the
excitement which caused an advance
Of ~ cents per bushel in wheat, from
the low of Monday to the high of
S2.4S for December. on Friday.
A Mighty Risky Market.
Elevator men and millers are very
loath to chart the future OF grain
prices. They claim it to be a day to-
day affair and the hardest market to
guess experienced in years. Rural
elevator men are at sea; are playing as
safe as possible in their buying, and
are making no prices for the morrow.
Some profess to believe that grain
will move more freely when the gov
eminent abandons control on Sept. l.
For what reason? Well, for one thing,
because the roads will get a lot more
for moving a car of grain when the
new rates go into effect.
But consider! The roads have more
business than they can handle now.
and this condition is to continue for
long time. AS to surplus grain cars
for later use. where are they?
Charles Carpenter said Monday that
he had observed the hundreds of box
cars using their switches in past
months and that mighty few OF them
would hold wheat. This is largely the
trouble. Shippers have been repairing
cars to insure safe loading, for months
Foreign Demand.
The extent of the foreign demand
for both wheat and corn is one for
future disclosure. We are not likely
to ship a great deal of corn this year.
European wheat harvests are not
gathered yet. No wheat has been cut
in England, and rains are damaging
the crop And then there is Argen-
tine TO consider.
That country has shipped Europe
about 1872. 600, 600 bushels of wheat this
year against SO, 900, 900 at this date
year ago Argentine has also shipped
100000 bushels OF corn this season,
or so per cent more than last year,
10 date. Many cargoes Of this corn
was sold in New York at 10 to 20 cents
under our own prices, depending on
the furries in our own cash market,
when sold
INDIANAPOLIS Live Stock.
Nothing exciting occurred in the
Indianapolis live stock markets dur
ing the past week The daily fluctu-
atoms were not very broad, consist
ing OF the general seesaw, the final
figures on Saturday being practically
on a parity with those at the end of
the previous week, particularly as tC
hogs.
The top on lights was about Is cents
and on good heavies, 25 cents, under
that of last Saturday. July 81. but in
The main prices ruled in line with
those prevailing a week earlier. The
wide fluctuations in grain had no
perceptable effect on live stock In any
market during the week.
The following will give fair pre-
sentation of how the various loads
went over the scale: Hogs weighing
$50 to 225 pounds. SIS; 225 to 25o
pounds. S15.75; $50 to 275 pounds,
$3.50: 275 to 300 pounds SIS, and all
over 800 pounds, $14.5O Cattle steady:
veals lower. The bulk of good vea|s
sold at s15 to $3.50. a few fancies
going as high as SIG. Good light hogs
sold at s1675 on Thursday. the high of
the week.
Lively Glen Miller Market.
They had a very busy week at the
Glen Miller yards last week, and re
ceipts of all kinds of live stock were
exceptionally heavy. The total ship
ments were Is cars, six of which
went east on Saturday night. Stock
was trucked in from long distances
and the names of the different ship
pers receiving checks would make
quite an imposing list.
A large number of good light hogs
came in on Saturday. These brought
$3.50, while others went at various
prices down to S14.50, including the
heavies.
Chicago Stock Yard Prices.
Cor1norod with a week ago, medium
and good steers closed 25 to 80 cents
l,.,. on Saturday, while good,
weighty COWS and heifers were that
much higher. The cattle market was
a very mixed affair all week, and
there was a net gain in most values.
Veals were weak, some grades losing
as much as $3.50 during the week.
Bulk light and butcher hogs sold st
$685. to S1625, and the top was $3.50
at Chicago, on Saturday.