Nashville union and American. [volume] (Nashville, Tenn.) 1868-1875, 1870-11-26

inside figure, nearly all the hogs arriving
being heavy, very few lots averaging under
225 lbs, gross, and most Of them running
up to 800 lbs, and over, Most of the sales
were made at $6.25@6.50 gross At the
Covington yards this afternoon the receipts
were 80 cars, aud large arrivals are expect
ed by all the roads to morrow.
The Cincinnati Price Current of the
same date says:
The receipts of hogs during the past
week have been qaite liberal, and the mar
ket became very dali during the first three
days, and prices declined, but the probabi-
lities of general European war becoming
quite strong, the impression became quite
general that prices of all kinds of food in
such acontingeney would advance material
ly, and the receipts fell off, and reaction
IN prices set in. There can be no doubt
that the price of pork greatly disappointed
the feeders, and those who paid 5000
gross for stock hogs in July and August
must necessarily feel now that they madea
mistake, and are getting poor pay for the
corn being fed to those hogs. Still it must
not be overlooked that it is not what an ar
ticle costs, but what it viii bring, which
constitutes its value, and the great repula-
tors OF all values are supply and demand.
Toward the close of The week the prohabi-
lities that the difficulties in Europe regard
ing Russia ald Turkey would be settled,
and the smart advance in United States
bonds and other securities in London. ex-
erted marked influence upon the feeling
which had grown so rapidly, and the mar
ket for pork became fiat, and all articles
assumed downward tendency in the pro-
vision line. The leading packers are ex
ceedingly cautious, and cannot make M
their minds that prices are not still high.
reasoning that it is not SO much the in
crease in the winter packing that is to be
dreaded as the supply of spring and sum-
mer fatted hogs, and for these considers-
tons are very timid in entering into the
trade, only to a limited extent.
Many who supposed, last September,
that hogs could not decline to Sc. 30 gross
before the list of December, now think that
even this price is high one, and that those
who will lay in stocks at this rate assums
great responsibilities. The general adnlis-
sion that the crop of hogs is an unusually
large one, not excepting feeders and Job
bers, is rare thing, and highly sugges-
tive."
The following is from the Chicago TINES
of Tuesday:
''The supply of hogs was about ., OOC
head, including those left over from the
preceding weeks market. Packers enter
ed the yards with determination of fore
ing prices down, and hence in place of op
Grating they squandered the large part O.
the forenoon in flibustering, leaving ship
pers to do the buying. OF course sucf
condition of affairs seemed to weaken the
market, yet sellers seemed determined tC
hold over or sell at full prices, and, as tht
receipts were not excessive, they managed
to work off large portion of it at Scot
20 for good to choice lots, and 5000 So fol
shippers coarse mixed lots and fair bacor
grades. In few instances selected lott
crossed the scales at S6.SO@6 90, yet the
bulk Of the sales were within the range Of
Sc. 25@6.75. Packers declare they canno
nor will not operate at presentfgures. They
point TO the ruling figures paid at othel
markets as an evidence of the unjust ex
actions of sellers. No one can tell VIVA
shape the market will take within the nexI
forty-eight hours. To go up seems impos
sible, and yet it may not go down; all vii
depend upon the receipts