The Richmond palladium and sun-telegram. [volume] (Richmond, Ind.) 1907-1939, 1921-06-20
LIVE STOCK, GRAIN
REVIEWED; HARVEST
SHOWS WHEAT NEEDED
BY WILLIAM r. SANBORN.

Two droves of extra fancy light
porkers sold at $3.50 at indianapolis
on Saturday; quite a number of good
ones sold at $40, and the bulk of the
5000 hogs on market sold around
1885. The demand was active, both
from shippers and packers, and clear
ance was made inside of 80 minutes
from the opening. The range for the
past week was very narrow, say 80
cents as the outside limit of the
spread.
Buyers showed very little interest
in cattle. But 200 head came in,
mostly of poor quality, and grassy
stuff. There were $50 calves in the
pens. Good veals ranged at SO 10
S11; mediums from $3.50 to $3.50, with
common going at 81 to So. Heifers de-
clined from 81 to $50 and steers
were off 70 cents to 81 on the week.
Chicago Live Stock.
Hogs made a top of $3.50 at Chica-
go On Saturday, the advance being 20
cents on the best in the pens The
average daily range for the week was
$3.50 to s805, this being about the
narrowest spread in the Chicago mar
ket on record, showing the kind of a
rut hogs have fallen into. Receipts of
hogs for the week at 172,700 was the
largest in over three months. and 25,-
600 more than the ten year average.
The average price on the week. 81 o5.
was within a nickle of the lowest
week since January, 1916.
Chicago Exporting Cattle
The export of cattle is once more
becoming a feature of the Chicago
market. Cattle have been bought for
almost daily of~late and 975 head were
taken by exporters on Saturday, the
biggest purchase of export cattle dur.
ing the week. The top on Chicago
cattle last week was s915, compare.
lively few going over 1.-THE scales al
that figure. 1t seldom happens, as
was the case last week. that the price
| Of good beef cattle and hogs average
| the same. This average on both hogs
and cattle was S795, for the week
ending June IS.
| The best lambs brought S1175 a.
! Chicago. This wa a decline from the
/ high of the previous week 1t is ex
pected that receipts of lambs will soor
! fall off, and that with smaller sup
Z
/ Sheepmen have been in hard lines o.
late; lambs have fuctuated in price
/ like a purely speculative proposition
! each time rea ching a lower level. Olj
ewes are barely worth their freigh
bill and wool, instead of going into
consumption, is being locked up il
pools, in the hope of getting more
than the cost of shearing and sale,
| commissions later on.
Wheat Crop Situation
| Despite the efforts of the committee
! of seventeen and those of the u
Grain growers, the trade is lookin!
for heavy and early receipts at pr
mary winter wheat markets. Kansa4
City will have new wheat on the sam
pie tables by Tuesday or Wednesda,
at latest. Threshers are already a
work in Oklahoma, and in sections o
Kansas, and with favorable weathe
threshing will be rushed from the &C
for there is so much of it to be done
Most all the acrege in the central win
ter wheat territory will be in shocl
by the last of June. Exporters hav
been liberal buyers of old wheat latel
|, millions of bushels of hard sprint
having been continued for within tn
past ten days,
All Our Wheat Needed.
We cannot avoid the impression tina
all the wheat We can possibly spar
will be needed this year 1t is sal
that farmers were willing to sell ney
wheat at southern Illinois points a
81 a short time ago. that is to cor
tract its sale at that figure, while no'
, they are asking $1.20 to S1.25. w
. are likely to see some lively change
in prices as the crops begins to mov'
, but the manner in which the premium
on old grain are maintained indicate
, real demand for good wheat, an
! after a considerable survey we see n
! reason why cash wheat should brin
fair prices next fall and winter, RI
CARELESS of speculative tactics durin
the early rush to market.