Daily union and American. [volume] (Nashville, Tenn.) 1865-1866, 1866-11-17
TIE PORK TRADE.
what is Doing---PrOBaBIe Prices.

What - DOing---PrObabIe Prices.
The Cincinnati Price Current, of the 18th,
has the following:
'The trade in pork is Just what might
have been expected under existing circum-
stances. Without demand of moment not
withstanding the low prices, and whilst
packers are not willing to buy at the current
rates, feeders are not willing to accept them.
As the case stands now, packers see very
plainly that if they buy they must hold the
pork, because they cannot, as in other years,
sell itnow, there being no demand worthy of
note; and this they will not do. The old
stock Of meat is nearly all gone, and yet
those who have had it have been so anxious
to sell it during the week that buyers were
not safe in making an offer, holders being
willing to accept almost any rate.
Never before, perhaps, was there such
desire to get out and so much determination
to keep out of the trade. The reasons for
not laying up large stocks of new pork seem
to be good ones. There is the poorest posi-
bic prospect of any demand from England,
at least until towards spring, and then only
can it be looked for at very low prices; so
that the home demand is the chief one to be
relied on; and it is very clear, that should
there be an increase in the pork crop over
that of last year, it cannot be consumed in
this country. The South which has been
looked to as the chief market, presents but
a sorry prospect, the crops having so badly
failed this year, in consequence of which
the amateur cotton planters from the North,
who invested so much money the past sea-
son in the business, will doubtless retire
from the field in disgust. 1t is true, that
l,aN 4 I.sTz
will, command high prices, but still poverty
will prevail to great extent, and the demand
for Northern pork be limited, and not equal
to the supply.
One thing is clear, until demand arises
for new pork, from the East or South,
packers will not do much, for they never
have packed, as a rule, unless they had a
demand for portion of the product, at
least"
The Cincinnati Gazette, of the same date,
made up at a later hour says:
"IIogs declined SOC to-day, and were dull
at the decline. Some fair average lots sold
at Sc 60G6 rs the most Of the sales made |
are to slaughterers, who are careful to dis |
pose Of the pieces before buying the hogs, so |
little confidence do they feel in the future Of |
the market. The packers have lost money
during the last two years when they had an
outlet for the hog product through the for !
eign and army demand. Now they viii |
have neither unless pricesshou come down |
TO point which will give a margin for |
shipment TO Liverpool, and that point would /
be about Sc 80 net for hogs here There !
will be the Southern demand, but it would |
not be safe to calculate on an increase over
this year from thatsource while the increase
Of hogs will be nearly fifty per cent
Whether farmers will sell their hogs on this
basis remains to be seen. But how can they
do better? The meat is in the country, no
matter whether it is packed at home or at
the packing centers, and if they do not ac-
cept present or lower prices for their hogs,
they may have to sell their meat at relative
ly lower rate We want TO see the farmers
get all that their hogs are worth, but we
think they have their views too high"
The Louisville C5urieT, Of the 18th, says
Hogs appear 20 be fully sustained,
though we hear Of no actual transactions in
this market the weather to-day being unfa-
vorable to slaughtering, cloudy and rainy,
and the packers and drovers are at a stand.
The prevailing quotations are 7(G71c gross.
in the pens. The receipts are light, though
we hear Of several large droves on the way.
with the expectation Of several houses TO
commence siaughtering on Monday. Some
increase is anticipated in the number of hogs
raised in the State this year over the past
year, with a considerable increase in the
number Of pounds Of pork and lard to the
hog, owing TO the prolific yield of corn"
A dispatch from Indianapolis on the I4th
says;
J. d. PATrIsoN & Co. commenced 10
Kill hogs yesterday, at LANeAS's porkhouse.
No contracts have yet been made bv pork
dealers, and from present indications small
amounts will be packed this season, a. far
mers insist on higher prices than packers
will RiYen