The Richmond palladium and sun-telegram. [volume] (Richmond, Ind.) 1907-1939, 1921-10-03
SEPTEMBER GRAIN,
LIVESTOCK AVERAGE
Low IN LAST week
BY WILLIAM r. sANsoRN

The fact that December corn is the
lowest at Chicago since 1910. is far
from an encouraging statement for
farm reading, right when corn is count
ed safe from frost and winter feeding
operations are TO begin in earnest.
But facts are facts, and whether we
can explain them or not, they are to
be met and faced and made the best of.
Present low prices for all grains and
the recent shaky conditions OF the en-
tire line of live stock markets, from the
sheep markets of the mountain states
10 the hog markets as far east as Pitts
burg and East Buffalo, all indicate a
universal pressure upon prices.
The settlement of the various Sep
TENDER deals left trace of demoraliza-
ton in all grain pits. This heavily
traded-in and long drawn out option,
now being out of the way, the fight
comes On apace for the making of De-
cember settlements, almost 80 days
away. Sellers have until Saturday,
December 81. to clean up the business
Of the year, should they care to hang
on until the last hour of grace. Right
now the May option is assuring the
greatest Importance. the final settle
ment day for which lacks but three
days of being eight months away.
Much may happen to brace the entire
world situation in the coming eight
months. All grains closed on Saturday
az the lowest points of the year, figured
on cash basis.
Live Stock Situation.
While cattle receipts at Chicago Co.
600 last week, were the largest in any
week since January, taking the month
as whole, the receipts were the small
est for any September since 1915 At
the weekend the trade in beef took
on healthier tone, with country feed
ers much better buyers for the feed
lots, the low price of corn having
stimulating effect, it may be- Taking
the month as whole, cattle in all
markets averaged the lowest in any
month since April, 1915, or in more
than six years. The September aver
age price at Chicago. for example, was
but IS on good beef steers in spite
Of the fact that yearlings ranged at
from S7.75 to a top of 81 last Saturday
with prime steers weighing from 200
to 1,500 pounds, selling between 1910
and $40.
Nor do lamb prices show up well in
September comparisons. Lambs de-
clined greatly during that month, so
much so indeed that the months aver
age for fat stock, $3.50. was the lowest
for September since 1913, long before
the plague of world war engulfed
the world
Looks Close to Bed Rock.
In view of all attending circumst tan
ces there is a reasonable expectation
that We have about sunk to bed rock.
Most traders are looking for a change
for the better. True, some are still in
gisting on six cent hogs, but these are
in the minority. There are pessimists
who have all their lives been watching
10 see the skies cave in and for the
clouds to pile up on the prairies, but
all remains serene overhead.
Hogs made an average price at Chi
Cago last week of 1925 against 81 so
for the week ending September "a and
$3.50 for week ending September II,
an average loss of but 40 cents in the
three weeks. 1t must be frankly stated
that most of the big packers have been
hammering the hog markets They
have often Kept out of the pens until
late in the day, and withheld support
while small packers, Spectators and
shippers we're bidding for supplies.
The left-overs were frequently bought
al the low price of the day, by this
method
A few light bacon hogs sold at a ton
Of $3.50 at Chicago, on Saturday, bulk
of sales" being at s6.40 to $50.
GLEN MILLER MARKET REVIEW.
Randolph county is making its i'm.
press on the local live stock market
more hogs being trucked this way than
orIU
are also contributors to our local
receipts.
Speaking of Randolph receipts last
week, Rome Shurley said or Monday
morning: Last Thursday and Friday
might we'll be called Randolph county
DAVIS so many hogs were trucked in
from LYNN and we'll up toward Win
chester" He then cited the 462 head
of hogs Brought down from that dis
triCt, as follows Andrew Macon, 2.
hogs; o. A Hartup. "a head weighine
100S0 pounds, and for which he wa.
paid $-2oS0. Mills and Robbins mar
keted IS hogs. weight 11,450 pounds
net SS5S75. And thus the list run.
on, to a total of 462 head weighin.
1875 pounds, the total cost of the
Randolph county bunch being s.
65211.
To the list of Randolph shippers We
may add: John Cooper. 81 mead; Her
bert Shrader. 70; Chase Bendo. IS;
Henry Shredder, As; l.. w. Moody, 81;
Cal Brown, 81, and Charles Ginger
10
Shippers in the Richmond section
added enough hogs TO make up eigh
carloads the last of which went cas-
on Saturday night. Mr.. Shurley says
that there was a continuous decline
during the past week, a lower leye
of prices being established from da,
TO day. GOOD medium, $50 to 90
pound hogs ranged around S7.25, hog
under $50 pounds and pigs, brough
So. with sows selling at SIS to S., a
TO quality Cattle also stood a sma'
shrink, steers going at from 81 to Sc
COWS 81 TO SO, and calves UP to 81
for extra fancy. common and heavie
ranging between SO and IS per hur
dred.