Nashville union and American. [volume] (Nashville, Tenn.) 1868-1875, 1869-05-05
NashyIIIe ProyisIon Market

Our market for the week closes quiet,
with some indications of weakness Re
ceipts are falling eff rapidly, and any in
crease in the demand would enhance
values to even higher figures than prevail
ed ninety days back. The following e1-
tract from a late St. Louis provision cir
cular presents qnite comprehensive
view of The situation and will be found
OF interest to our dealers. 4...t
''The 6orking of the provision trade
not only here, but in Cincinnati, Louis
vile and Chicago, the great producing
points of the West, and whence should
be disseminated a proper scale Of values,
as from the heart of the trade, has sho Wn
the folly Of resting upon statistical infor-
nation, and proven conclusiVely that
outside influences sometimes, at least, are
more potent in determining values and in
controlling trade than those which are
recognized as legitimate. OF the short
ness, if not deficiency, of supplies there is
not a doubt in any unprecedented mind;
Of the continuance of the demand from
consumers, North, South and West,
as Of the acquisitions of
exporters, the steady current of orders
affords daily evidence that the country
is short of home supplies, and the pee
pie fully prepared to procure them is a
fact patent TO observation, whilst the COM
paratiye absence of of spring fatted hogs
and the DEAFNESS of beef preclude the idea
of competing food at cheap prices, and yet
| the general markets for cured provisions
| are dull and diseouraging, while those at
the centers are depressed and Irregular
| showing a decentralization which must be
| sought either in the timidily of weak and
inexperienced operators, or in the quiet
| yet effective bearing of the strong and OBJ
serving. In the face Of strong, good
demand, mainly from Canada and the
lumber regions, Chicago, contrary to her
usual course, has preserved very uni
form, if not slightly dearer market, and
during the present week has maintained a
scale of values rather above that OF either
of the competing cities of the West. Gin
| cinnati, on the contrary, like this place,
has been rregular-almost daily showing
increased evidences of weakness-While
her strong men, confident of material re-
action, and eventually of high prices,
have not only refused to sell at the de-
| preston, but have declined to buy, and
have thus Withdrawn their confidence, and
left the trade to the capriees of those who,
apparently, wanted both experience and
money. Louisville, az in previous weeks,
though yielding to the general current, has
been more consistent, showing very clearly
that her operators are not only men Of
substance, but that their supplies are not
excessive, and that they are confident of q
compromising recovery. Ii the competing
cities of the West had more of Louis
viIle's balance Of mind, and less OF The
hopefulness Of SPECTATORS the general
trade would be improved, less money
would be lost, more would be earned
| At New Orleans, as at Mobile, the
trade has been siDgularly quiet
and uniform, showing that for
once, at least, they have disregarded the
fluctuations at the West, and shave set up
| for Themselves" determined to do business
ION their own hook" Memphis, Mont
| gomery, Selma, and Augusta, are giving
evidences of improved trade, of large
| demand from the country, and Of more
| disposition on the part of their dealers to
| repienish stock. There is also an improv-
ing demand in Arkansas, and considerable
| purchases have been made for Helena and
Little Rock At the West and in the
South the trade looks WE'LL Supplies are
comparatively short and the demand large,
and yet in the face of good supply of
money, and the rapidly improving condi-
ton Of the country, the markets are no.
where good, and in the West, especially,
are demOTaiiZed"