The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1851-02-06

calculations a. 70 the demand from England, are
still wider Of the mark. The parallel he draws be-
tween cotton and lard, as respects the effect OF a
short supply on prices, is simply ridiculous Ia one
case America is required to furnish an adequate
supply sf the great staple in order to give contin-
ued employment to milling and the laboring classes
in Great Britain, and still more to clothe the hun
dreds Of millions OF the human family who are de-
pendent on the operations of British looms, while
the whole supply OF lard from this country might
be withheld without abridging the comforts or at
fecting the circumstances, to any extent, of sin
gle family in England or elsewhere. To any one &C.
quainted with the trade in England, and the purposes
for which lard is used, the fact is well known that
the extent to which IL is consumed is wholly de-
pendent its owness OF price, relatively with tai
low and palm oil, for manufacturing purposes, and
Irish and home rendered lard for culinary uses.
In proof OF this, give the relative prices Of taliow
Great Britain for three years past, by which it will
be seen, not only that lard usually keeps below the
price of talow, but that the consumption il in pro-
portion to the difference in price, ,..o ,..,
Average price of taliow. ...... 45s 800 3ss
Average price OF lard !os SOS sos sd' 1 sss
Export of lard Fl ON the United
States to Great Britain. 49,. II $50 623S 1851
Now, the cOnside raIons which led me to assert
that the wants Of England wouli be comparatively
small this year, under high range OF prices, arc
the facts that hogs are more plentiful both IN Eng
land and Ireland than they have been since iSt1,
and hence there is proportionate supply OF lard;
and that the home supply OF tallow Is larger, ana
the price cheaper than has ever been known be-
fore, owing TO the prosperous condition OF the
country, and the consequently increased ability OF
the laboring population 10 purchase fresh meat.
The demand for foreign tallOw is lessened in con.
sequence, though Russian is offered al BIS o. for
delivery in London during the next four months.
In opposition 10 M IS assertion that lard must DO
taken largely in Engiend and that prices are likely
to reach 46s Sos, will venture to predict, that
should the average. price of the year be over
Sos the consumption will not be half what it was
in $50. That such will be the case, the move
Of the trade for the last four months furnish
some evidence, the total export to Great Britain.
from first September TO thIrtyhrst December,
having been 1921 900 lbs against S,3SS 900 lbs.
for the same period in 1919, aad 1888 900 in 1913
Should the exports continue on the same rednced
scale throughout the year, the total deficiency from
that OF last year will be over eighteen millions OF
pounds, while the highest estimate given, even from
the West, Of the probable deficiency Of lard this
season. IS twelve millions of pounds. That the
price OF lard in this country must be kept at such
level as 10 secure large export, il shown by the
fact that the quantity sent last year to Great Bril-
tain alone, $4,000 900 lbs Al per cent of the
whole quantity received AT New Orleans, which
amounted to 63, 600 0O0 lbs
Looking, then, at all the circumstances and pros
poets Of the trade, in view of the maintenance OF
high prices, with larger stocks on hand than
us ual, greatly reduced export, and A diminished
home consumption, have no hesitation in repeat.
ing my conviction that the quantity OF pork packed
will exceed that of any former year, relatively
with the demand. | saw this, too, on the SUPPOSE
will be under that Of last year, which, however,
now ms very doubtful, as every poet brings re-
turns falsfylg previous estimates, in consequence
of packing operations being still continued briskly
at various pciHts. Whether there be deficiency
or lo however, it is quite certain that the whole
seasons packing viii be very much in excess OF
any estimate yet published.
In conclusion, 1 have only further to say, il
reply to an Ms" insinuat,on that "A LOCKER
on was probably enc who had made contracts tor
forward delivery Of pork. that | am not In the
trade--bave made no contracts, either for present
or future devery-and my views are wholly ua-
biased by any interest either in favor Of high or
low prices; while, on the ontrary, il is generally
understood that az. M" himself, is large
operator In pork, and represents others who arc
the greatest SPECTATORS in the West. Whatever
bias either party may have, however, | would
suggest that The arguments advanced may be
taken for what they are worth, without reference
10 the source from winch they come. With re-
ference TO the challenge given by IN. NJ - am
unable TO accept i myself, for the reason already
given; but speak from authority when say that
he will have no difficulty In buying on the New
York Exchange, a few thousand barrels of mess
pork, tor delivery within six months, AT sellers
option, at twelve and half dollars, or one do!la.
per barrel under present rates. g H. NJ will
thus have the opportunity he is enxious TO ind, to
prove the sincerity OF his opinions by his actions,
A LOCKER on.
New YORK, Jan. 81 1851.