Belmont chronicle. [volume] (St. Clairsville, Ohio) 1855-1973, 1856-11-13
From the Cincinnati Gaaetts.
Pork Trade.
sREcULATIoNs OF A DEALER.


| cannot refrain from offering to the pork
dealers communication which hope may
prove of some advantsge to them, as well
as the bankers who may loan money for the
purchase of Pork. II is known fact that
the price of pork, to great deg-ee, makes
the quantity. High prices will at all times
bring out more hogs than low prices, from
the fact that If farmer can obtain for his
hogs $6@7 he will sell all he can spare and
keep as little as possible for supplies, and
eat larger quantity Of vegetables, bread,
rhickens, &C., but if hogs are S4@5. .he will
retain for family use good supply of bacon,
TO be consumed by his family, workmen,
&C., this fact has been clearly shown with.
in the last two years. In lS54-55 prices
ranged from sa@43, and the conseque nee
was "short stock and the pork dealers all
became rich, some said that this was caused
BY failure of the corn crop. | will admit
that certain degree it was,as there certa
ly was very little old corn, and a failure in
the new crop, which caused corn to be high
priced, but if the price OF hogs had ruled
high enough to 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, farmers sold their
Corn and fed hogs on mast. In 1856
there Was cry Of 'Short. Stock" because
people supposed that on account of scarcity
OF old corn farmers had sold their crops at
good prices and discontinued The raising of
hogs, consequently; packers run hogs up in
November TO S7,they afterwards found them
selves mistaken, hogs poured in aud found
no market, and panic took prices down to
S.. Confidence was again established and
prices advanced to $3.50. hngs ond meats
aga in poured in. g. the consequence was an
Increase and ruinous decline, the increase,
however, was not generally believed in and
prices again advanced and ranged high
throughout the Spring and Summer, and the
cons equence is thai the Price Current is nou
knova 10 hare reported correctly that the
country is now full of meats, W til no pros
pect .of demand; the demand has almost
entirely ceased for the past two months as
1t always TiH be when prices are very high
oh0 StOSh SOOds XnCoo pCih Aalu di Z
the only articles which are now doing any
for the packer, and those articles must
materially decline within the coming month,
with comparatively no demand, also with
an expected arrival at New York of 5000
barrels mess pork which was undoubtedly
shipped from France to New York to be re-
sold, having been purchased for s0ar supplies.
Last year at this time there was not Ito the
knowledge of the wriler,I pound OF meal
in Louisville, ST. Louis, Cincinnati, or any
of the packing poin in the West, aud moi
sufficient East aid south to supply actua
consumption, and with large Eng ish and
French cor tracts for meats deliverable in
November and December. Now, ii we had
panics with all these favorable circum.
stances, what are we likely 10 have witt
large oversuppy of o:d meats! No demanl
md no prospects OF demand from England
or France, and with iull supply of meats
South, and all over stock in the East, ant
with full supoly OF old corn, and reason
able crop OF new, onj one OF the best mas
years ever known. Ii is very evident tha
he who has the smallest stock OF meats from
and 64 hoss during the coming year, vii
make the must money. | might add tha
the wheat crop should De taken INTO consider
alton, as hen heat is in iull supply, ant
| flour low, meals must be pr purliobate! !,
low, if III lui su9py; it otherwise, the de
mand to certain degree will cease. Thi,
is too great producing country to jdstily
So nog., and doubt as to neither lS54-S
wouiC nave justified 8, as the prices wuulC
have started high, and the demand woul,
not have been So great. particu larly s., i
We had have had plenty o. VIII at. Ant
another point is that some parts of the souti
are getting tired oil paying such enormou.
prices ior meuts, and are now becoming pro
ducers.
At this time last year there was no lart
Of consequence in this or any orher market
but to-day there ID III t is city alone neal
Two thousand barrels III the hands of butch
ers and manufacturers, and the butchers ant
others mak ny more than Can be consume,
before the first ol December, and Prospect,
oil an early season, whici 10 ne makes i
louk as tliuush We must have d decline il
,urd equal, IL not greater, than last year
But IN he lace vi these facts, poorly posted
manulac urers are now paying IOl@IIc fol
November and December deliveries, an,
so at this time last year beef was IN guot
demand and scarce, to-day it is over atun.
uunt, W It'll prospect OF all exceedingly goDC
stock 10 be slaughlere ed this .all, which viii
act greatly to lhe disadvantage Of high.
priced purk. Another timing which has d
great tendency to enhance the ticti ious
value OF pork is, thut farmers, il dsappont.
ed in prices OF hogs, will pack on their ow II
account, until the supply Of hngs in murker
becomes limited and a temporary SCARCITY
has the effect to cause advance, particularly
il there happens to be any contracts on tire
carpet. This year our packers are being
deceived by the cry of short crop, and co,l-
tracts are really scarce. But il thew will
investigate the matter they will find plenty
of corn and plenty of mast, and plenty oi
stock and fat:ed hogs all over the West
Indiana cries short Stock" do they moi
| always do So! 1t is an old take in order t.
try TO make believe that hogs are scarce, md
the real cause of contracts not being Offer
cd is tina. farmers got bitten last year con-
lraclng at So ami So, ami when deliveries
took place in November ;hey were worth
So; aud this very thing is the only cause
which can be assigned TOR Their not beng
VIKING 10 contract But, in conclusion,
say that packers neei not be anxious about
hogs, because Il ere Will sSsuredly be more
than they want at such ruiuouS prices.
There is generally ,nugh;essd about =
500 900 hogs, averaging 200 lbs. each; say
at 64c, each hog would cost sl3, 30; or the
whole pork trade requires S3I ,25O,U00. \
decline ot one cent per ound, which Il
think" is sure to take place, is equai TO sA-
teen Der cent, or five IN lions oi dollars. Tine
farmers are rich the packers have passed
thro, gh nard year-now out ot whose
pockets shall this five million dollars come.
4 Posted DRovER.