The daily Gate City. [volume] (Keokuk, Iowa) 1855-1916, 1856-11-04

q We And the following in tho Cinain- |
natl Caxstts Of the 18th alt-, and insers
with the Editors remssAsi
Y We publish @ aAs AsseDaec 4 esannni
Son on the r6k 3radss Whioh = DOW -
tracing much aaontios, e1ing q - As3
approach Of the pekisg son. Thesp6r
lations Of the w1t11e = - item tor 49,
they are worth. Hs assumes great deal,
and arrives, W think, at soma srroneous
conclusions.--tEd Gazette.
posk TRADE. II
sPRcuLArfoNs Or DEAExA.
Having heard Of the Wild spscuiations IN
eoutsnplatloa for The coming Pork ssason,
cansos refrain from oGsrine 20 The Pork
dealers communication which hope may
prove OF some advantage TO then, - well -
10 ~ bankers who may loan money Tor the
purchase Of PORK. II 10 known fsot that
the price Of Pork, TO great degree, ssakss
the quomtity. High prices will at all times
bring out more hogs than low prices, from
the Fact that IL farmer can obtais Tor his
hoss >6 10 81, he will cell I'll he can spare
aud keep Is little - possible Tor supplies,
and eat larger quantity OF vegetables,
bread, chickens, &C., but Il hogs are ~ to
IS, he viii retain for family use = good sup-
| Div for bacon, 70 be consumed BY his family,
workmen, &c. This fest has been clearly
shown within the last two years. In 1854
'55, prices ranged from st TO A, and tho
consequence WAS short stock, !" and tho pcrk
dealers all heoams rich; soas said that this
was caused BY failure Of The corn crop.
will admit that to certain degree It was, -
there certainly was very little old corn, and
> failure in the new crop. which caused corn
to be high priced, but If the price Of hogs
had ruled high enough = justify farmers to
feed, We would have had many more hogs !;
but as It WAS, the price Of corn very high,
and the price Of hogs very low, farmer. sold
their corn, and fed hogs o. a. mast -: II ,sS 90
sc there vas cry Of Short Stock" Do.
cause people supposed that on account OF
scarcity of old corn farmers he'd sold their
crops 1t good prices, and discontinued the
raising Of hogs, consequently packers run
hogs IN in November TO ~; they after
wards found themselves mistaken; hogs
poured in and found NO market, and panic
took prices down to *5. Confidence Was
again established, and prices advanced to
$6 so; hogs and meats again poured IN, and
the conseauenOs wss an increase and ruinous
decline the increase, however, Was not gen.
orally believed in, end prices again advanced,
and ranged high throughout tho spring and
summer, and the consequence -, that the
| Price Current Il nOU knOtcn TO hare re-
ported correctly that the country 10 now full
Of meats, with NO prospect OF demand the
demand has almost entirely oessed for the
mast two months, az II oIU0ys will DO when
prices are very high and stock good. Mess
pork and lard are the only articles which are
now doing any good for the packer, and those
articles must materially decline within the
coming mouth. q there 10 largo incrssAe
over last year, with comparatively no demand,
also with an expected arrival q New York Of
8 900 bbls. mess pork, which Vas undoubtsd-
II shipped from France to New York, 70 be
resold, having been purchased for oar sup
plies. Last year at this time, there was not,
! Go the knowledge Of the writer, poand Of
meat in Louisville, st. Louie, CINCINNATI, OF
any Of the packing points 10 the West, and
not suiicieut East and South, to supply actual
consumption, and with large English and
French contracts for meats deliverable IN
November and December. Now, II W had
panics with al these favorobls circumstances,
what are ws likely TO have with high prices
in 1861, commencing with large over
supply Of old meatsf No demand, end no
prospect Of demand from England or France,
and with full supply Of the meat South, and
large over stockin the East, end With . faH
supply Of old corn, and rsasoaAbls crop Of
new, and one Of the bsst mast ysass ever
known. 1t 10 very evident that hs who has
the smallest stock OF meats from . and q
hogs during the coming year, will make the
most none1. 1 might sad that the whea,
crop should be taken into consideration, ~
When wheat is in full supply, and -four low,
4 meats must be proportienstely low, II In full
4 sxsely; IL otherwise, the dsmand 70 Ger.
tain degree will cease. This l. too great Z
producing country 10 jpstify IS hogs, and
doubt - 70 whether 1854 IS wssA have jas-
tilted O., o. the psios woald havs searted
high. and the demand would not have been
80 great, particularly 90, il ws lad have had
plenty 81 wheat. Aud Another point 70 thst
4 soms parts Of The SostA ere getting sirsd d
paying sasa enormous prioss Ter neaAs, and
are n0W becoming peoducess.
At this time last year these was no lard Of
consequence in this Or any other market, but
to-day there i IN this city alone near twc
shcuaand bbls, in the hands Of butekers and
manufacturers, and the butchers and other,
making more than can be consumed before
tho Ara OF Dscembss, and prospects Of u
early season, which 70 me makes II look q
shoagh Ne must have decline !. lard equsl
} IL not greater, than last year. Bot in ths
face Of these faess, poorly posted manufac.
surers are now paying l0l - lie. for No.
vsmber and Deoembss deliveries; and alst
1t this time last year. Beef was IN good de-
, mand, and scarce. To-day il 10 over abund
ant, with prospect OF An exceedingly goot
stock to be Slaughtered this fall, which vii
| act greatly to the disadvantage Of high prices
pork. Another thing which hes great ten
.. dency to enhance the fictitious value of pork
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