Nashville union and dispatch. [volume] (Nashville, Tenn.) 1866-1868, 1866-12-11

The Cincinnati hog market was very dull
on Friday, and s. 25Ga5 so gross andS6 50
| &c SIS net were current quotations. Prices
had not been depressed by the heavy de-
cline reported in New York that day,
though it was confidently predicted that it
would result in a decline. The packers
adhere to the idea that hogs abound in the
country tributary to Cincinnati, and hence
they manifest little desire to operate to any
considerable extent. The following review
of the situation of the hog market was
communicated TO the Cincinnati Commercial
and printed in that paper of the sth inst.
Its facts and differences will interest both
dealers and consumers:
A great many just now are interested in the
hog and provision market. and are anxiousIv
considering the causes which, for the present and
also prospectiyely, must determine prices The
heavy decline both in hogs and the hog product
Ehichfor several weeks past has been steadiIy
progressing. and the persistent indifference AZ
packers still Indicate clearly the almost unani-
nous conviction Of those who have all the risks
OF curing meats, that prices have not vet reached
safe level. While the growing disposition OF
farmers and droYers to sell az best figures obtain
able, and make their loss al once. argues a very
general behef that low prices must be accepted
But the bottom" is not touched vet We
1igst nave lower prices, and for these among
Other reasons On the LIST of October last the
ssoeks q oid meats were much larger throughout
me country than Il was anticipated they could
possibly be, considering the comparatively short
nOg crop last year, and the fast that on October
|, 1900 al the leading markets Of the country
were very bare Of provisions. The packing Of |
lS6o-b met brisk cansumptiye demand from the /
very beginning of the seasoa-hamS, clear bacon |
ana laEd from the previous season being reported /
To day there is plenty Of old hams. bacon and
lard TO be had. 1t is true not much remains in /
CINCINNATI, Chicago or st. Louis, but Southern /
where 1t has been sent on consignment in order
TO clear up the pork houses at the packing |
points. preparatory to the present seasons on
the market.
There was at Cincinnati October 1866. As sinh
Seq9ent shipments during the month show not |
Iat from zU'OOV lerces OF lard aud other articles
OF the nOg product nearly in the same prOpOr- |
u0n. This was the fact at the winding up Of |
, snort hog crop season, showing that there NAV i
De short crop OF hogs and yet much more than
At the average prices ruling during the year il |
vas proved that the reputed short crop was re- |
ally large one. The losses sustained by the
trade ehectually convinced packers of the folly |
IF dlseOuntng reported deficiencies. and now in |
ne tace OF experience they are not disposed to |
repeat former lndiseretiOn. Not at ALL
1t Il Is generally believed, aud with good rea- |
on, that the hog crop of this year will exceed by
rom thirty TO nifty per cent. that of last year.
Ii nome consumption affords the only market /
NAT can De relied on, scarcely any price how
'Eer low. can be safe one for the packer If !
WITH last years small stocks of provisions there
vas but trfing foreign demand and an actual
eshlpment to this country Of near % 900 boxes of
aeon, and 1000 to 10000 barrels each of Lard and
ness pork. what inducement can there he for
aekerS 70 open their houses at all this wear. nm
eSs pork can be cured at such figures as will in
thlrty OF torty per cent. larger than last year
mat price can the packer safely pay for pork! |
rom current markets abroad and present rates |
! exehangs I'VE cents gross would be an ex-
derations which indicate great risk and danger. \
ven at that figure. No sensible, intelIigenf | Z,
pe p can doubt the statement that the mar /
ct for the surplus, determines the pEiee Of the =
hole crop. And where can we sell the surplus
any price?
1T is reported that England has over 100000 U
ogs tnls year, and ireland 500 goo while the | r
ferai helghDoring countries on the continent | O.
ave hkeWlSe more than an ordinary supply. |
he increased production of hogs in those conn |
les mas been greatly stimulated BY the prevail
ice OF rnderpest among cattle. And 1t Is by no o.
cans certain that we shall have foreign mar | A
4 Ior our surplus at any price. Where are the u
Lsn anu knglsh packers this year, Not one of | il
II those foreign markets which we have usually r.
PPned nave an exces of their own curing. we A
lght cheapen Their own curing. but it would b
Ii the prospect Of orders for provisions from NJ
ROAD Is not very cheering now, how would that L.
aspect be effected should gold largely decline
II may when the Secretary shall be compelled
cease aeeumulatlng and to sell at the market | ali
.nds. 0llS '"'O us
We would say to the packers; keep cool. Ifyou -.
pn0t buy at safe price, let those who win II
ke the risks; Unless your investments have
me reasonable chance for remuneration. Won
d better be idle than reckless and unwise
nat can you do, with pork above six cents net? m,
ana what does 1t cost the farmer to produce m,
TX? One bushel Of corn, costing fifty cents | ~
IL feed hog eight days. and make twelve ",
unds gross grain 1. g.. a fraction |
er four cents per pound. gross weight |
NY cents IN the country is liberal Be-
ice, too, for corn. If the farmer paid nine or Bs
4 cents per pound for his stock hogs, he can
I expect the packer or consumer to pay his / Pl
ises-nor should he complain this year if he | U
es not receive the inOrinate profits Of the last III
Q years, which the packers losses clearly prove Ba
We been paid him. TTT,'''i