Nashville union and American. [volume] (Nashville, Tenn.) 1868-1875, 1870-03-02
Nashville Provision Market.

The market has been active during the
week, with heavy shipments both of bacon
and bulk meats. Stocks are light, partic-
ularly of smoked meats. We clip the fol-
lowing from Henry Milward & Co. s Circu-
lar, under date of Chicago, Feb. 26:
"The provision market during the week
has ruled irregular, gambling operations
and the decline in the gold market being
the principal actuating causes. Early in
the week healthy demand existed for all
the products, and some advance was OBJ
tanned, particularly for all side meats, but
later on, vigorous onslaught was made
on the mess pork market by the short
sellers, and, though senseless. it
was temporarily successful, as they man.
aged to force the price down nearly one
dollar per barrel The consumption was
progressing BEAUTIFULLY, but the decline in
duced several large orders, and the sales
yesterday, of cash mess, exceeded 5000
barrels, the principal portion being for
immediate shipment, mostly to the South.
1t is very generally recognized at consum-
ing points that the present prices are about
as low as can be expected, and purchasers
are therefore taking hold with a will. By
observing the shipments it will be seen
how much larger they are now than at the
corresponding period last year. Then
mess pork was worth So 80 per barrel
Clear ribbed sides 154c, and shoulders 13c.
Now the current prices are SO much lower
that the consumption is vastly increased.
Naturally with the diminishing stock prices
must ultimately advance materially, but
at present it is for the interest of all con-
cerned that the market should rule low
good, healthy consumptive demand will
thus be secured, and future profits, instead
of losses, looked forward to.
although the shorts manipulated the
mess pork successfully for a decline, the
demoralized state of the gold market had
an equal effect on the price of lard, and
prices rapidly fell nearly one cent per
pound. This decline, however, induced
liberal orders, and the market rallied some
what.
''Cut meats and other provision products
sympathized, though very slightly, with
the depression In mess pork and lard and
the market fell back perhaps t@4c per
pound from the highest prices paid, but at
the present rates jobbers seem disposed to
go into stock. The exports of provisions
for the last week from the seaboard have
been very large and it seems pretty certain
that the stuff has been going so rapidly
into consumption that the stock at all the
principal points are much lighter than they
were at this time last year :.
The packing to the present time seems up
ward of $50, Sl7 head"
Much general complaint has been made
in regard to the unreliability of the pub
lie market reports. We quote the follow
ing in relation thereto from a prominent
Cincinnati broker,
81 must caution my correspondents
again about placing any reliance on the
public market reports. They are totally
worthless, especially those going South.
The quotations are telegraphed by persons
not in the trade. and who cannot possibly
get at a correct idea of the market Much
and general complaint has been made on
this score"
We quote: Bulk meats, clear sides,
Isle; clear rib sides, 15c; shoulders,
11ac.
BACoS-Clear sides 1890; shoulders 13c;
nib none; country hams 161c.
CHOICE HAMs-Hart i HenSley's sugar
cured G. C. c., guaranteed, canvased, 199c;
uncanvased 100; plain G. G. G. 1Sc.
LARD-Choice pastry 1870 in tierces;
No. fierce, 1Gc; kegs, Isle; 3 and 3
pound caddies, 193c.
MESS PoEK-29 90 4 barrel
BEEF TONGUES Sugar cured Sc. 80 Z doz
DRIED BEEF-Sugar cured 18@i89c.