The Evansville daily journal. [volume] (Evansville, Ia. [i.e. Ind.]) 1848-1862, 1859-11-16

We have been permitted to make the

We have been permitted W LhdAc lhe iot-
lowing extract from u private letter. written
by one of the best informed produce dealers
in the West, to gentleman of -oarzcity,
which we think will prove interesting to
our readers. What will be probable price
for grain and pork, is a leading enquiry
among our farmers, mechanics, and mer-
chants, and any information from a we'll
informed source cannot but be--acceptable.
We published similar statement from the
same gentleman, last year, and though
many differed with him at the time, in the
end his views were generally found to be
aFor some time past, as you know, l
have devoted my time and attention to the
crops of the country for this year, endeavor-
ing to gain full and reliable information,
that our good friends and shippers may be
fully posted, and operate with their eyes
open. 8
Ny impressions are, the wheat crop has
been-early in the season-largely over
estimated-full 80 per cent. The qrality,
also, was largely oyer-rated-, From actual
observation, am we'll satisfied the wheat
in yonr section, and bordering on the Wa
bash, is the best raised this year in our
country-noth in quality and yield. Taking
the entire crop, it does not exceed in guam
tity or quality an ordinary average crop;
and | incline to think prices are not likely
to rule lower than present which Ie, in my
opinion, safe.
As a general thing, reports are favorable
| to the corn crop. / hear some complaint
from the North and Northwest, of damage
by early frosts, and of soft corn; yet l think
we have full average crop-both in guam
| tity and quality I; and | look in vain for
causes to justify expectations of high figures,
and would look with doubt upon any pur-
chasers requiring more than so cents in
New Orleans to pay out, though it may
rule higher. assess. 4@
Pork accounts strangely conflict, and
makes it very difficult to arrive at satisfac-
tory conclusions. The general impression
seems to be-we are TO rule at about So for
hogs, probably S. % at all leading points.
These figures look upon with some degree
of doubt, as to safety. While accounts from
Southern Kentucky and Indiana speak of a
falling off from last year, the accounts from
the interior of both States, tell of decided
increase; and the news get from Northern
Illinois, Iowa, Wisconsin, and Minnesota,
speak confidently of an increase largely over
last year, both in numbers and weights
This may be relied upon, for the corn crop
is abundant, compared with last year, and
no market for it except in pork. My own
impressions are-we are not likely to
slaughter more hogs than we did last year,
but the increase in weights will be very
large. The corn crop is very good gener-
ally, which was not the case last year. The
probability of the corn ruling duh and low
gives to the farmers their best market al
home in heavy and long feeding. This
course they are likely to adopt, and large
increase in the weight OF hogs will be the
certain result, making the season probably
later than usual, setting trap for those who
are in haste to begin packing at figures
now claimed to be followed by late packing
at lower figures for heavier hogs. Taking
this view of the case, and no probability Of
an export demand worthy of note, the in
quiry presents itself: What causes lead Us
to expect higher figures for meat provisions
than prevailed last year and which we arc
not safe in putting higher than SIS for mess
pork at home. and 10 cents for lard as an
average. As hoes viii rtefise IN lard. The
purchasers last year at r0MIO5c. lost
money; the direct inference is, lard must
rule materially lower This has very i'm
portant bearing on the subject, and is well
worthy the packers attention. Upon care
fully considering the matter look upon
IS as Uery full figure for hogs, and the
margin for profit doubtful l really think
81 80 for good merchandise hogs, at inte-
rior and nnimportant points, a full figure
quite as much as it is prudent to pay. The
future may develop causes for changing the
opinions held; these parties interested must
judge for themselves. The position occupy
towards large number of packers and OPP
orators impresSes me with the necessity OF
giving conservative opinions"