The Richmond palladium and sun-telegram. [volume] (Richmond, Ind.) 1907-1939, 1921-08-15
CATTLE PRICE LIFTS
HOGS So CENTS OFF,;
HEAVY CORN RECEIPTS
BY WILLIAM r. SANBORN.

more money at Chicago last Saturday
than at any time since January. The
bulk of fat steers sold at from s7.75
to 5000, a pretty wide spread, but
the range on 700 to 1 200 pound year
lings was from $40 to $10.65, the
top of the week. Taking the cattle
| market as whole. the weeks average
price of $50 was the highest since
| March, and 10 cents per hundred
| pounds over the previous week This
seems to be an unimportant advance,
and it is on a single animal. only Is
cents to $40 per head. But if you fig
ure what that means on $4,000 head
you will conclude that it was of some
benefit to shippers.
With cattle of fair grade in demand.
sheep and lambs closed at the bottom
of the week The run of western
lambs ranged at $725 to s10.75 for
fancy, while the top on native lambs
was $10.25. All grades of yearlings
sold at from $6.25 to $500. Fancy
/, veals struck a $40 top on Saturday.
The live stock receipts for the past
week at Chicago were: Hogs, 122 600;
cattle, $4,000; sheep, 10000 head.
Average price of sheep declined 80
cents to s475, last week
Hogs Average SIS Cents Lower.
| Compared with the week ending
Aug 6, hogs were off So cents at
| Chicago last week. the average on
the week being 1915 against 5000 a
week earlier. The average weight
does not show that lightweight hogs
are being rushed to market, as that
average was 244 pounds, the heav-
lest since September, and three
pounds over the ten year average.
This indicates good run of hogs, for
! light butchers and bacon weights are
always in supply.
ST Joseph, Mo, was the low spot
on the hog market on Saturday, the
top being S1015. Indianapolis was
the high spot on the central western
map at S1135, while Cincinnati and
Louisville tied at s11. Pittsburg, az
s12 was the highest hog market, going
% cents over East Buffalo.
| Grain Market Situation.
Now that the peak of the winter
wheat movement is passed, interest
. centers in the spring crop. Farmers
in the northwest and in western Can
ada must move their grain in large
volume during favorable fall weather
or take the chance of having to hold
until spring, depending on weather
and roads. 1t will be about sixty days
before the maximum movement o.
spring wheat is over and wheat is now
beginning to move freely on both sides
the international line.
. Wheat is in a very strong position
1t is pretty generally agreed that we
have already sold nearly one-third o
our exportable surplus. Indication:
;. are that we shall need all the whea
and foodstuffs in the country. Europe
will continue to be a liberal buyel
until after next harvest, and Russia i:
: largely dependent on America to keel
. her people from starvation. The Rus
sian relief is already taking flour
wheat and rye and will be larg'
| factor in reducing the surplus suppl.
l of both this country and Canada. TIL
!, present outlook is for large suppl.
i of corn and we have oats in fair abund
$ ance, at least in measured bushels. Blu
: oats are light in weight and the ton
L rage is much smaller than hoped fol
y ! 1t is we'll, then, that we had a larg,
e carry over this year.
Corn Receipts Large.
9 The movement of corn is the larges
Q during any August in the past fiv
/ years. More than 100000 bushel
+ reached primary markets last wee
y and this movement is expected to in
crease as there are plenty of cars an
farmers are inclined to sell
D But he new crop is not yet assured
There were comparatively low temper
+ atures in the northwest and in wester
n Canada at the close of last week.
1t premature frost in the north wi
strengthen corn prices at all point
2 and very naturally check its free move
4 ment to market.
oil GLEN MILLER MARKET.
In the first II market days of Aus
q ust, $50 hogs, las spring lambs an
70 veal calves were received at tn
Glen Miller yards. Weight of tn
hogs was 17S,S75 pounds, cost s19
1927 lambs, II 1865 pounds, sS11.45
and calves, value $1,130.50.
There has been very little chang
n in the market price up till Thursda.
when with an oversupply at all ma
kets, due to the early arrival of sprin
;, pigs, there was drop of as much a
a a dollar. Top at Richmond was 81
= for strictly light hogs; heavy, &c
! and up selling for $40; butcher cattl