(Concluded from page 107.)
were considerably heavier. Chicago quality was the best for several
weeks, a generous proportion of the supply consisting of good light and
medium weight butchers. This, coupled with the narrowest shipping outlet
for hogs in weeks, attributed to an extent to unsettled railway labor
conditions, was partially responsible for sharp declines, especially on
the better grades. Closing prices Were 40¢‒55¢ under those of the week
previous on bulk of good lights and butchers and 25¢‒50¢ lower on mixed
and packing grades. A slight reaction was noticed toward the week end,
with small advances scored on some of the in-between butchers and better
packing grades.
Big packers were bearish and very indifferent buyers, even at the sharp
decline, leaving liberal holdovers each day. The week’s top at Chicago
was $11, secured on early sessions for good lights and light butchers,
but best sold at the close at $10.60, and bulk of good lights and light
butchers sold at the week end from $10.30‒$10.50. Bulk of good 220
lb.‒300 lb. butchers closed at $9.75‒$10.25. Such shipping orders as
were filled called largely for the better grades of mixed packing, good,
smooth, light weight sows and these failed to show the extreme decline
apparent on other grades.