The Richmond palladium and sun-telegram. [volume] (Richmond, Ind.) 1907-1939, 1920-02-23
Lent LOWERS MEAT;
US. IS IMPORTING
CORN FROM EUROPE


on Saturday, and the weekly average
at $3.50 was the lowest in year.
A few prime steers touched $16.2o,
but the weighty kinds declined sharply
on light demand during the week;
those from $13 up being from SOC to
81 lower on the week.
Desirable cheap cattle were more
steady. The best COWS and heifers
actually advanced at Chicago, while
the mediums broke 25c to SOC. com
pared with the tops on Monday. The
average price on all cattle going over
the scales was, however, but 40 cents
below that of the previous week
Compared with five weeks ago on
Saturday, the top on prime steers at
Chicago last week fell exactly ~.
This, be 1t noted, was on strictly
fancy stuff, and the total sales average
on the past week is but $1.10 per hum
drew lower, after all the intermediate
UPS and downs, in a market winch
has been mighty hard for shippers to
guess, Compored with week ending
Jan. II. Chicago hogs last week aver
aged exactly soc lower on the week, at
s14.30, but we have had better prices
within the past five weeks. because
the markets have ruled active In the
meanwhile. Chicago hogs sold up to
SIS on Tuesday, for light butchers,
broke SOC and reacted to $14.90 for
a few choice shipments on Saturday.
after a small advance at the week
end.
The indianapolis Market.
The Lenten season usually de-
presses prices on meats, and always
curtails the demand In measure
during the 40 days of seasonal observ-
ance. In view of present large sup
plies, that pressure on prices certain
" will be felt this year, is the view
of the packers, and those who talk
bearish on the hogs and cattle that
they haven't been at the expense OF
feeding. 1t makes a difference, you
know.
Well, Indianapolis has also felt the
I,enten pressure, and cattle and hogs
have suffered in value. On Saturday,
Feb. IA, good heavy hogs ranged at
from SLABS to $15. On last Monday,
the spread was from $13.75 at the low
tn SIS at the high of the day, or at
the opening. On Wednesday and
Thursday heavies sold as low as
s135O. and on Saturday the range was
$3.50 to $14.50, mighty few selling
at the top, with good mixed mediums
selling at STATS for top and fancy
lights bringing sfrom $15.25 to $1o:50,
these selling but 25s, in the main, De-
low price on the previous Saturday
and 25c over the last Friday range.
The high spots on hogs at the week
end were Pittsburg and East BuHaio'
at s15.75, with Indianapolis and Cleve-
land showing a $3.50 mark on fancies.
Generally speaking, the last Saturday
tops in the west were 4Oc to ooc
under the previous Saturday.
future Grain Price Outlook.
The fact that the U. 5. Gram corpo-
ration has but 80 days left IN "nich
to act as buyer, makes the sllua-
ton one of guesswork and nervous
ress As will be noted from some
of the interviews we have been print
ing with nearby elevator men, those
who ship in are hesitating to book
orders for future delivery. Very few
eastern men can buy corn at present
markets and ship and get out whole'
The effort made at Washington 10
have the grain corporation to aoan'
don control failed last week, ana the
contracts as to wheat will be carr1eo
ont tn the letter on 1919 wheat, up
10 June 30. The evidence is that the
grain CORPORATION is trying to get ou'
as quickly as possible, so as 10 nave
hut little cash wheat on hand Wnen
the contract date arrives, winch
"sood business" unless the govern
ment wishes to speculate on the
carry-over into the next harvest
The wheat situation is not prom
isins and much depends on sprlns
wheat planting and acreage, Whlcn Il
eynected to be very large this year
IN make I'D for expected winter wnea
shortage. if the season be favoraole
In word. whether the coming crol
will, sell at above government guar
antees- is a national problem; depend
ing not only on our own crops ouI VI
the world situation and conoidon
foreign credits and exchange oi
a pessimist, however. can look 10
cheap" wheat this year OF sia1 =
Are Importing Corn
Danube river port nas Ca.
os corn enroute for New 1orh' III
first cargo in several years. Oh
grown, we understand, In Rounahia
hut at any rate, in one or the wa
torn countries Doesn't that str1K
Won as being odd? Argentina is AIS
sbinnins us a lot of corn two carsoe
ARRIVING last week. Such compeuuo
can not be really serious as 10 SUI
DIV. but it helps make the price
our seaboard, in measure ana Ia!
is reflected at western points ana
sneculation. There is some eVloene
that western corn holders are Decon
ing uneasy and prices have Deen sol
ening of late in Iowa ana NeorasA
but scarcity Of cars has preVen'e
free movement. Cash corn Is &c
lie lower in the west than on ia
uary 22.