, 1859-12-09

Oar New York correspondent, in his letter
intended for our last paper, but which came 10
hand too late for that issue, gives The following
graphic description OF the way those who gam
bic in Provisions cutrap, or fAsl TO eniEap each
other:
II has become customary to buy and sell pork
On contract for future delivery, and this is car.
fied 10 so great IN extent as frequently to pro-
duce great fluctuations IN tbs market. If for
instance party has large contracts to deliver
1t sellers option, lie chooses time when the
market il weak and prices settling, and when
1T lie eau ascertain i'll the buyer is not especial
y Aush Of money. Choosing lis time when
1tsolrea TO deliver all lie has contracted to de-.
1irer, aud to do It at ono and the same time
Accordingly lie sits down End writes note to
Nr. SuooEe that in Eve days he will deliver him
such quantity Of pork aud will require The
cash in payment on delivery. Mr.. Shocks is
shocked to receive the notice as he had no idea
tbs pork would be delivered for some time to
come, and as his exchequer is not plcthoric, and
the market too wesk to enable him to sell his
pork without producing serious decline, be is
driven to settle with the seller ON favorable
tertns for the latter, while perhaps a! The while
the Aforesaid sel'cr Lad not barrel of pork on
hand, and If driven 10 buy by Snooks readiness
to rcceise on contract, the market would have
been forced upwards.
The advance this week has been rand, and
was the re ust Of the united efforts Of several
6uas."more or less prominent, to corner 4 no.
times, and through different brokers, large con.
tsncts for mess pork deliverable Mt buyers op-
tion, {giving dve days notice,) and when they
had picked up all tic little lots floating on The
market, and thought the seller VAS not wctl
supplied with PORK, and was Of bis guard,
PTetEo. theS sit doSn aud politely notify him
shat ara days thereafter they should require
A4ffrarR frnf h,tY. of ~ !.
messposk Meantime they proceed to stimulate
ana adFance prices. ineantng to compel the
seller to huy Ut them at their own price iu case
be should not hare The pork on hand to deliver.
Having thus Erred OF this big guu, the allied for
oea retire 10 awa1t tho result Of the five dsvs'
notice, not doubling ere thoy expire to see The
unfortunate aellcr put Aors dH cyabat aud SUNG
for peace. 1n tlts instance tliev were fojItd !.
for the aforesaid seller received the sllied rc a.
4. the uotice) as coollJ ~ you bare tecn mari-
c'ao rece've discharge Of pistol bullet aud
put the bali in his pocket; be received lis no.
tics on wednesday, late in the day, tho allies
thinking their chance TO corner hin, very good,
because Thnnksgiring aud Sunday interveued
thus iesving him but three huslnesE DAYS in
which to Inspect and prepare the several thon,
sand barrels Of pork. TIC " bear." nttcr receiv
ing the notice, undismsved, waddled home Il
buck bis paws and ruminale over the comipa
ereuts thus casting their shadows BEFORE
Events now seem to Indicate that not only xa1
the seller renjy, but lie was anxious 10 delive,
the pork aud 10 receive Ills cash, and he offer,
to sell largely besides; and the allies hart
h1u1ed of to repair damages while the bear i,
grinning his satisfaction ut their disappo;nt
mcnt.
This shous how little prices are Influenced a
times By supply and demaud. TIE advance thi
week was without auy trude demand, as dulle
November aave seldom known, md cur stool
OF mess pork is nearly or quite as large Us i
was month ago.