The Richmond palladium and sun-telegram. [volume] (Richmond, Ind.) 1907-1939, 1920-05-17
MARKETS WEAK AND
FEvERISH; FLOUR IS
Down SO CTS. BARREL
sy WILLIAM r. SANsoRN

'tuated within comparatively mar
row range last week, with a downward
tendency. At the week end good heav.
les. which had ruled at from Sl4.25 to
SIS. on Saturday, May s, ranged at
loss of from As to 75 cents. at $3.50
to SASS. Good mixed mediums were
off rs cents at STATS, and fancy lights
off so cents at SIS, compared with
one week ago.
But one load of lights sold as high
as SIS on Saturday, the bulk going at
S14.60 to STATS. General sales were
between $3.50 and $14.75. which was
on a level with Fridays figures, in
spite of receipts of 5000 hogs on Sat
urday. Hogs weighing from 275 to
p 800 pounds sold at S13.75, while hogs
weighing over 500 pounds brought but
$3.50
Due to lack of competition for pigs
these reached the lowest level OF the
year. Good pigs sold al from S12 to
$3.50, and mediums at S11.5o to S12.
AT these figures pigs were IS cents
TO 81 below the range paid week
earlier. Packing sows were down to
S11.50 and $12. Nearly 5000 head
were carried over, including Fridays
surplus. Sales of hogs Saturday about
$500 head
Cattle Firm and steady
But $50 cattle came in on Saturday
and the small packers and spectators
took care of them at Fridays range.
Choice and prime heavies. HOO and
np, sold at $500 to $3.50, very few
at the outside figure. Good steers
were marketed at $3.50 and $1,000,
while mediums sold at from $11.5O to
$3.50. Heifers ranged up from IS to
$3.50 as to quality.
Veals were shade higher. Sales
of good calves were made a $14 and
S1450, few touching SIS. Heavy
calves went at 81 to 50. A few spring
lambs brought $50, but the bulk went
at SIT to SIS. Yearling wethers
brought $13 to SIS and medium, good
and choice ewes sold for SO to $40,
with culls and common as low as S.
no $3.50.
A heavy decrease in fresh pork con-
sumption is reported from the east,
and prices have been marked down
liberally to stimulate demand. This
fact is largely responsible for the
bearish situation as to hogs.
Hogs ruled weak at Chicago on Sat
arday, and showed a material decline
on the week. top being S14S0, with
bulk of light going at $14.50 to $14.65.
The break on Saturday represented
% to 35 cents below Fridays range.
Best lambs were about 81 lower on the
week. Cattle ruled lower, also veals.
The Grain Markets
The grain markets are beginning to
look top heavy. True. May corn sold
at $1.97A on Saturday, shad high
er than the last top, but this reflects
speculative conditions more than &C
tual merit. Very little corn is reach
ing the central markets and stocks
are so light that traders are playing
ball with them. July corn reached
$1.79A on Saturday, but closed cents
lower than the top. May oats closed
at $1O61s after selling at $1.071a
May corn advanced 61a cents at Chi
cago last week.
Wheat has broken 20 cents at Min
neapolis, number l Northern spring
selling down to $3.15 on Saturday, on
which day the mills cut flour so cents
per barrel in car loads.
The Chicago corn market is the
highest in the country. with No. 2
selling up to $2.17 last Saturday. Oats
are very high there and arrivals are
barely enough for local needs. Oats
sold at STAT in New York last week.
Prices to Remain High
Except at Minneapolis, wheat is at
its high mark, in spite of the crop
improvement. Speaking with reference
to the future outlook the market ed
itor of the Chicago Tribune says:
CLOSE students of market condi
tions. based on broad lines, do not
look for materially lower prices
There might be drop of 10 and 1!
cents in corn, oats and rye, and still
it might leave them at high level
AS to wheat, he says: Exporters
ARE buying for deferred shipment al
Georgian bay ports at $3.50 and a
1926 track in New York for shipment
as late as August 81. They seem tC
want whole lot of our wheat in Eu
rope and are buying it in all markets
BOY WANTS FARM JOB.
Carl Cosgrove, 10 years old, 121,
lSheridan street, Richmond, wants te
work on farm this summer, he sale
Monday. Here's chance for some
Wayne county farmer to locate a lit
tie of that help so badly needed.