Weekly Indiana State sentinel. [volume] (Indianapolis [Ind.]) 1853-1861, 1856-12-04
II IIIoRAI HIlmARKLTs.
CINCINNATI MARKET.
From the Baltimore American.)
THE PORK MARKET.

To the Editors the Baltimore American:
There being much said relative to the value OF PORK
for the season open, allow 4 subscriber TO call
teniioa TO few facts relative 10 the business sen
from this point.
The history tn business or two years past very
simple The droU light of 1,5f universal Scarcely
an Corn was made, hence very short crop Of hogs
and they OF poor quality, being principally fed
From this light crop an enormous amount was taken
for export The whole Eastern and So them country
were heavy consumers compared with preceding
years, and the Corn crop being entire failure the
previous season, hence we had famine prices OF Bacon
at the close of18j6.
The Corn crop Of 1866 being lac ell over the country
the increase of hogs about % per cent The export
demand still larger tn the preceding year. fhe
Armies aud N4yies of France and BBgla being prin-
cpay supplied by uspart Of which is now being re-
turned and the population of those countries and
large portion of Germany consuming an immense
amount OF our Oacon PORK and beef Operators from our
Southern country bought immensely at moderate
prices. This immense demand combined with the
boarding of large amount in the West, lea
ing the Eastern cities with comparatively small stock
and operators throwing doubts the report ofncresse
stated by the Cincinnati Price current started the
speculation which forced up of bacon and barrel
ed pork in June tn the highest point eaehe. In July
and August it was found, at least far bacon
concerned, that the expor demand was over our own
consuming and exporting States full Of stock, with
large portion OF thzt packed in Tennessee scarcely
touched. Then came the desire to realize, and the
statement ofthe Cincinnati Price Current was again
considered. The condition of the business from that
time is well known every dealer that is useless
to recapuate. Let it suce to say that at this moment
last year surplus OF not less than $4,000 hhds Of all
sorts of Bacon and Hams, with barreed Pork enough
for the season as welas enough Lard The high price
oftne latter is attributable TO tie vast amount manu-
faetured compared with the former year, and
to be the case during the next There another great
item that few in the West especially appear consider
The demand for Bacon in AL the southern and Eastern
country fell or to the fourtbs during the
season Just passed compared with the preceding
May districts sellers instead of buyers.
this alone has made vast difference in the amount
quired from the West, and this portion Of the country
Is al this moment better supplied with Hogs than at this
period last year Buling or Bearing article, Mr.
Editor. has but little effect, usess sustained by facts
and those who are intimate with the business will admit
the foregoing to be facts, and being Commission Mer
chant only, in the article for past, shall not be
accused OF being Ball or Bear when call the attention
OF Packers 10 the leading points In the future.
Tho old Bacon, and entire cessation for foreign de-
mand for war purposes, which the great portion OF
the foreign demand Tor the two past years, will create
an enormous difference in the amount required from
the great packing States this We believe the East
ern and Southern country is much better supplied with
Hogs than for two years past There seems 10 be no
doubt that the States beyond Indiana will produce
large increase, ana for the life Of eanne why
Indiana, Ohio and Kentucky, will fall any short. But
admit they do and take the facts as before stated Why
should Pork DO at war prices? We can see no common
in IT, but believe thai the bad results of the
son closing will be repeated, and that the prices at
which Pork Is opening is brought about by those who
happened TO get keep out OF stock In the past year.
The price strikes being just unwarrantabe by
the prospects the disastrous speculation in B4t
cen in June last CoMAIssIos MERCHANT.