The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1856-01-09


ST. LOUIS, De,. 81 1885.
The Pork TddeDdy in the Packing Seasop-CLose of Ri
wr Ndrigatcm-RoiIroad Enterprise ard Progress-Fu-
turs Prospects Of 7erre Haae-A Wade Recommendation
for Vinoennes de-, dc.
The hints contained in my letter from indianapolis
few days since in regard to the hog product and trade
viii be found to be There IL no room TO doubt
that the product is much greater than was anticipated
three months ago. There just little room to doubt
that the highest point in prices has been reached At
present the farmers threaten 10 d back and feed on
SO that the packing may be extended into
ry but this is process which, In the first place.
quires large consumption of corn and in the second
certain to add greatly to the weight Of product 1t is
not probable therefore, tina. the holding back
ment can operate to elevate prices.
On tie other hand it is charged by the sellers Of hogs
that the present sdown is the result of gotten UP pa
hic by which he desire depress rates for
poses OF speculation do not in this view It is
mole reasonable to believe that packers really aarme
at the prices which have ruled to within two three
weeks and actually fear that they have been too liberal
Ihave it very good authority that very heavy
contracts made in the early part of the would
gladly be disposed of ut cost BY the packers
The last eight days of cold weather have efectuAlly
closed navigation at this point The river is not
over, but it Is 20 full of floating Ice that have
OF departures trhOl0g Inc Terry Still
nsges occasi ,nay with railroad passengers to
ana from the Illinois shore, but no teams have been
crossed for two days past The Ice extends at least half
way across the river from the eastern shore.
II not five years since quarreing with the
linois Legislature for the privilege Of railroad
the Stale, terminate at nostown opposite st. LOUIS
Now roads leading eastward extend from that point
The Ohio and Mississippi road Is In operation to Vim
cennes intended to extend to Cincinnati aud the Alton
ana Ierre Haute road is now in operation, by way of
Alton to its junction with the Illinois Central and by
spring viii be in operation through to Terre Haute We
shall then have two lines to Terre Haute ST. Louis
one by Nincennes and the sther by Alton.
Both these roads, being east and west lines, will do
good business The local trade each will in short
time be very large The country they OF
the most ei tile under the only needs people and
labor to make it one OF the most productive.
The town Of TerTe Haute where these lines converge
you may put of the strongest points in
West. do not know whether they take the HERALD
there but their other advantages such will insure
the building OF large city and now put down for
those who may lock the files Of the HERALD twenty
years hence, the precction-to become hstory-that
TerIe Haute will in 1875 be city of a least fifty thou
sand people, and have immense manufacturing inte
rest My for this faith simple. It is healthy
points Of the compass, fine agricultural country,
has plenty of grain, pork beet cooper stuff timber, and
to back all, coal and iron. These resources, with
otber lager town to take precedence of it, must
make rerre Haute the esaiDg town of Western Indiana
AT the same time, the old town OF vncennss is
be despsed The site il not attractive rerre
Haue and its present population is not 40 great but in
other respects its and advantages similar
For milling dstillng, and beef and pork packing it is
point OF n UGH prospective Importance But it needs at
present both capital and enterprise Its trade always
been limited scale and believe there but
two mills in the place although grain and cooper stuff
and facilities of transpt ration as0und.
II is no doubt grand thing go off thousands Of miles
to make large Investments in view of great speculative
prohts-As in Central America New Granada-but i.
to me that en.erprising capitalist, Of New
York might with little examination, find objects of in
vestment in this Western country which would pay
equally rs well distant operations But chacMa
govt, as the Frenchmau SAID when he sat down
eat the cat pot pie.
The merchants Of ST. Louis settling up the years
accounts and all delighted with the footings The
business has been heavy beyond precedent. We shall
have the annus reports of the papers in few days aud
they will show enormous increase in the aggregate Of
business here Commerce is subject Of good deal
foleres in Kansas have doubt seriously affected the
interests of st. LOUIS. JOHN BROWN.