The Cadiz Democratic sentinel. [volume] (Cadiz, Ohio) 1854-1864, 1856-11-19
From the Ciheihnai Gazette.
PORK TRADE.

vantage to them as well as the bankers VIII,
, may loan money for the purchase Of Pork. i
is known fact, the price Of pork, to great de
gree, wakes the quantity. High prices will al
times bring out more hogs than low prices, from
the fact that il farmer can obtain for his hog
S6@7 he'will sell all he can spare and keep a
little as possible for supplies, and eat larger
quantity ofvegetables, bread, chickens, &c, but
il hogs are S495 he will retain for family use
a good supply ofbacon to be consumed by his
family, workmen, &C., this fact has been clear
ly shown within the last two years. In 1854
55 prices ranged from S24 @434, and the conse-
quence was short stock" and the pork dealers
all became rich, some said that this was caused
by failure of the corn crop l will admit that
to certain degree it was, as there certainly
was very little old corn, and failure in the new
crop, which caused corn to be high priced, but il
the price of hogs had ruled high enough to JUS
tify 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
so there was a 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 ofhogs, con-
sequently packers run hogs up in November to
81, they afterwards found themselves mistaken,
hogs poured in an6 found no market and panic
took prices down to S dol. Confidence was
again established and prices advanced to $5,50
hogs and meats again poured in, and the conse-
quence was an increase and ruinous decline, the
increase, however, was not generally believed in,
and prices again advanced and ranged high
throout the Spring and Summer and the con.
quenence is that the Price Current is no,O hnoson
to haze reported correctly that the country is now
full of meats, with no prospect of demand; the
demand has almost entirely ceased for the past
two months as IL a7,oays aoiN be when prices are
very high and stock good. ....--.
Mess pork and Lard are the only articles
which arc now doing any for the packer, and
those articles must materially decline within
the coming month, with comparatively no de-
mand, also with an expected arrival at New
York of 5000 barrels mess pork which was un-
doubtedly shipped from France to New York to
be re-sold, having been purchased for war sup
plies. Last year at this time there was not Ito
the knowledge of the writer)a pound of meat
in Louisville, st. Louis, Cincinnati, or any of
the packing points in the West, and not sufIi-
cient East and South to supply actual consump-
ton, and with large English and French con-
tracts for meats deliverable in November and
December. Now, if we had panics with all
these favorable circumstances, what are we like
ly to have with high prices in 1867, commen-
cling with large oversupply of old meats? No
demand and no prospects of demand from Eng
and or France, and with full supply of meats
South, and an over stock in the East and with
full supply of old corn, and reasonable crop of
new, and one of the best mast years ever
known. 1t is very evident that he who has the
smallest stock of meats from and 61s hogs du-
ring the coming year, will make the most mon
ey. might add that the wheat crop should be
taken into consideration, as when wheat is in
full supply, and fcur low, meats must be pro-
portionately low, if in full supply; if otherwise
the demand to certain degree will cease.
This is too great a producing country to JUS
tify So hogs, and doubt as to whether 1876
would have justified six dollars, as the prices
would have started high, and the demand would
not have been so great, particularly SO, if we
had have had plenty of wheat. And another
point is that some parts fthe south are getting
tierd of paying such enormous prices for meats,
and are now becoming producers.
At this time last year there was no lard of
consequence in this or any other market but to-
day there is in this city alone near two thous-
and barrels in the hands of butchers and man.
ufacturers, and the butchers and others making
more than can be consumed before the first Of
December, and prospects of an early seaaon,
which to me makes it look as though we must
have decline in lard equal, if not greater, than
last year. But in the face of these facts, poorly
posted manufacturers are now paying lok ell
cents for November and December deliver
les; and also at this time last year, beef was in
good demand and scarce, to-day it is over abun-
dant, with prospect ofan exceedingly good stock
to be slaughtered this fall, which will act great
ly to the disadvantage of high priced pork An
other thing which has great tendency to en-
hance the fcticious value of pork is, that farm.
ers, If disappointed in the prices of hogs, will
pack on their own account, until the supply of
hogs in market becomes limited and temporary
scarcity has the effect to cause advance particu-
larly if there happens to be any contracts on the
carpet. E
This year our packers are being deceived by
the cry Of short crop, and contracts are really
scarce. But if they will investigate the matter
they will find plenty of corn and plenty Of mast,
and plenty of stock and fatted hogs all over the
West. Indiana cries short stock;' do they not |
always do so? 1t is an old take in order to |
make the people believe that hogs are s carce,
and the real cause of contracts not being offered
is that farmers got bitten last year contracting
at $5 and So, and when deliveries took place in |
November, they were worth $5; and this very
thing is the only one which can be assigned for
their not being willing to contract. But in conclu
sion, say that packers need not be anxious ab't
hogs, because there will assuuedly be more than
they want at such ruinous prices.
Their is generally slaughtered about 2, 2,550,ooo
hogs averaging 200 lbs. each; say at 64c, each
hog would cost $3.50; or the whole pork trade