The Richmond palladium and sun-telegram. [volume] (Richmond, Ind.) 1907-1939, 1921-11-14
SANBORN,S WEEKLY MARKET Review SHOWS
LIVE STOCK DOWN, GRAINS HOLDING STEADY

months that they have come to look
upon price drops almost as a matter of
course, while watching for the bottom
and turn in the tide.
How near the prices of live stock
are to bottom. and how soon we may
expect the upward trend in values, can
not now be foretoid As we reach ev-
cry new low level we imagine prices
are dragging bottom but always there
seem TO be new and lower levels to
touch on the downward way.
Lowest in Six Years.
The past week has witnessed the
lowest prices in the live stock mark
cts of the country since 1915. this ap-
plying to both cattle and hogs. We
have been having tremendous re.
ceipts. Not only is this true of Chi
cago, but practically of all points on
the live stock map. Take Chicago for
example
The receipts of hogs last week, 1870,
50 head, was the largest since last
March. The average weight at 224
pounds, was as light as in any week
this year, and 33 pounds under the
average weight in one week in Sep
TENDER
Hogs Average But S7.15.
The average price of the week at
Chicago was $7.15, and the weeks
general average on good steers but
$3.50. This was a drop of 20 cents
on beef steers and of 45 cents on
hogs, on the week.
Large cattle runs are now season
able on all western markets. Chicago
year ago next week, received 112, O0C
cattle and the corresponding week
two years ago, 1103S6, the first being
the highest of record, and the second.
the highest up to 1919. 1t is expected
that we shall have liberal runs of
cattle and hogs at all points this week.
Sheep made an average of $40 and
lambs of SS95 at Chicago last week.
This was a nickle up on lambs and %
cents off on sheep, compared with the
previous week
Grain Market Review.
December wheat ranged at from
$1,000 to $109A, and May at from a
low of $1.0512 to high of $11312 at
Chicago last week, the key market OF
the country. The week averaged bet
ter than that ending on Nov. 5. when
prices sagged 212 cents lower for bot
tom.
1t is admitted that the future course
of wheat prices will largely depend
upon the volume of speculative buy
ing, the export demand and the pros
pective outcome of the crops in Aus
tralia and Argentine. At this time the
outlook for good crops in these coun
tries has materially improved, the
drouth having been broken. 1t is nov
too dry for fall sown grain in our owl
southwest and conditions there will
also continue to be a factor in whea
prices.
Corn Consumption lncreasirp.
Because of low prices more corn i:
| being fed on the farms. The govern
ment reports 360,00O,OO0 bushels more
corn disappearing between March
and Nov. l this year than in 1920.
There has been a total consumption
of 3,07S,000,000 bushels for the yea
ended Nov. l, 1921. compared with 2
! 709, 100000 bushels or 390,000,00j
! bushels more than last year or $4,000
| 000,0 bushels less than in 1913, whel
| 3,125 100000 bushels were raised. Tn
! government report showed a crop O
! 1852, 100000 bushels, or 1900, 90
| bushels loss for the month and $4,000
600 bushels less than last years rec
! ord crop.
! Within the last few days revival i
the foreign demand is noticeable wit