Fayetteville observer. [volume] (Fayetteville, Tenn.) 1850-1966, 1857-12-10
THE HOG MARKET.

LIE nOt1 mAnk6I.
The Cincinnati Price Current O
] Thursday says Of the hog marke
for the past week:
Under the influence Of hrge re
ceipts Qhough not greater than US
ual at this season. and unfavorablt
weather, with a. very limited de-
mand for the products, the market
for hogs during the week has beer
a good deal depressed, and prices de.
clined fully 70 cents per cwt., net
closing rather dull, though holders
expressed more firmness yesterday
morning, consequent upon the fs
vorable change in the weather, but
packers seemed timid and extremely
cautious, with a marked want of faith
lii the safety Of even present rates.
Drovers, as general thing, have
been badly caught the present
season, and must suffer serious loss
under any circumstances. The great
anxiety which existed on the part of
packers and SPECTATORS 10 make
contracts, during the first Sc
ven or eight months Of the year,
extended generally to droyers, who
made contracts with feeders early
in the seastn, at high prices, thus
stimulating the production and care
OF hogs in an unusual degree, and
leading in this way to the sale Of the
great bulk of those fatted very ear
ly in the season. 1t is but reasona-
BILE that drovers should feel keenIy
the turn the trade hss taken against
them, and under such circumstan-
ces they will be induced to accept of
any proposition which may promise
them any relief, and are, we under
stand, selling TO great extent in
the interior on time, and in this
way obtaining, nominally, high pri-
ces
Private letters from England speak
most upfavorably with reference to
the prospects of the provision trade;
and we vi derstand orders held
here by parties for American ba-
con have been countermaDded. 1t /
is very clear there viii be- nothing
done 10 box meats for the English
market the present season, except
at very low prices. Nothing has
been done SO far, though uo TO this
time last year over 10000 boxes
had been packed at this point alone.
TIE same paper, specializing on
the probable future course OF the
adds:
If receipts for three or four weeks
10 Come keep Up so as to indicate a
large crop, twill be hardly possible
to maintain prices within the pre-
sent range. Packers are of the
opinion that, with a crop no larger
than last year, the business would
be safe at current prices; but, with
IN Increase Of twenty per cent,
transactions al So would make
heavy loss. This is the impression
under which a majority Of dealers
ire now operating, and, inasmuch as
he opinion is gaining ground that the
crop will prove large, the tendency
ust now is toward lower rates.
The official returns Of ire num-
Der of hogs and cattle in Ohio, as
shown by the Assessor returns,
published 10. tha Gazette yesterday
morning, had an uniavorable effect.
We recapitulate the figures:
1857. 1856.
Hogs 2,33l,77S l,s51,l24
Cattle l,655,415 l.6S7,750
The value Of hogs sand cattle re-
urned compare as follows:
1857. 1886.
Hogs S6,772,470 S5,26S,00O
cattle 2l,G62,223 2l,l75.O7O
Showing an increase in hogs OF
I60,654. The aggregate increase
n Ohio and Kentucky is about l.
100000. We thus have the basis
or large crop; but whether this
viii be realized, is question for
he consideration Of parties inter-
sted.