, 1872-12-22

Il. Milward l. Co. write as follows:
Though the predictions Of provision dealers as
to the arge number Of hogs reulnnhg the hands ot
the farmers, and the heavy receipts to be expected aro
being daily verified, Jet there circumstances con-
nected with the trade which have been generally over
looked, and whith, nevertheless, must occupy an
among these the large increase in the nat weight Of
the hogs, reported from tho various pac6ng points.
Our increase Is placed, BY competent Judges at from
the same as ours Cincinnati ut from IS to 40 lbs; in
fact, from Illinois, Indiana, Iowa, Wisconsin, Mis-
souri, KANSAS, Habraska, and Minnesota the reports
turn out as atctpated, must tell very senstbly
in the final summing up Of the seasons work. The
export demand for The continent has been large but
now abating. The English demand has been thus far
very light and Unless should soon be favored With
liberal orders fr export, the surplus lett for home
consumption is likely to be Large As to become
manageable. Under these circumstances the packers
to realize :hat their so1e security lies in tnssng
low pricea or hogs, and though, during tho past
with success, 5et 1t must be remembered that even
they have to hold the products and become specu
ators they havo thus far through the been
working at loz Of fully 80 cents pcr hog and now,
prdces Of products have declined cozzespondingly
with the price Of hogs, the sarne loss sares them In
the face and their sole Advantage gained is that the
lower priee pad for the hogs render the holding Of
products less p:eca1ious.
Flour was almost inactive, the buying being
confined to one or two local retailers. Buyers
for shipment have lowered their bids to the e1-
tent Of about 25c per brl, which holders re-
fused to concede hence dulness: Bran Was
heavy. sales were reported Of 100 brls spring
extras Iockport Hydraulic) at $6.75 100 brls
rye nt 94.25 Is brls buckwheat (Jackman's) at
$500. Total, 215 br1s. Also 10 tons Of bran at
s11:0o at mill; 10 tons do at $1o.50 on track:
Wheat was less active, and averaged about 10
higher than on Friday; though very irregular
and weak during the greater part Of the session.
New York VAS quoted strong, and the reports of
damage BY flood in many sections Of Europe
Joined to produce decidedly bullish feeling,
and there was plenty Of trading early at an ID.
operators supposed to be large holders caused
the impression that the early feeling was the re-
suit Of manipulation, and that the longs we're
trying to unload. Then tho market broke, and
though prices rallied somewhat, as offerings
were withdrawn when it WAS found that they
we're not wanted. The latest accounts show that
about 10 900 600 BIZ OF California wheat haVo
been received in Liverpool since the beginning
Of the harvest year, and that arrangements have
whole comprising about 26o vessel loads. It is
beginning to be understood that the
amount Of wheat which Crest Britain
can draw from California in
any one year is not so much question Of pro-
duction a. Of carrying capacity; 80 that it is not
aud comparative famine in the British Isles,
unless the latter condition be averted by sup
plies from other points. It is yet too early to
over-estimate the extent Of damage to the crops
Of next year BY the recent foods in Europe, but
the tone OF the foreign markets is not such as to
warrant the belief that the damage is serious
and extensive. Our receipts we're Light, but this
was probably only circumstance OF day OF
two, that will soon be remedied. There YVES lit
tie buying for shipment to-day. Seller January
to S1165aSS, and closed at s1.1615. Seller February
sold at &c above January, closing ut S1.181.
Seller the mouth, or cash No. 2 spring, sold at
S1.16@1.17,, closing at the inside. No. 2
spring sold at $1.22. No. 3 do closed
at s1.o21&@1.oa, and rejected do at 92c.
Ut $1.22; 10000 bu No. 2 spring at $1:l619;
$500 bu No. epring ut 91.03H; 800 bu do at
s1.o3; 1,2oo bn do at s1.o2N; $500 bu do at
$1e2 2zoo bo a. do a4s' st. S1e2% % 4, 1850 bu re-
Corn was dull at about the same range as yes
terday, being, it anything, shade easier, though
receipts we're relatively small. The business Of
the session was simply q repetition Of that Of
many previous days. The capitalists seem to
studiously avoid corn, and none OF them are in
heavy, though so low that few are willing to sell
et euuont quotations, it they can help
it. Especially is it considered dangerous
to sell short, as it is feared that some OF tho
capitalists are watching the market closely,
4A0 a1o plethl64 W lAho uo1u o4touslFel1 WAeA
they are satisfied that prices have touched bot
tom. seller the month, or cash No. 2, sold at
soA@903Sc; seller January at 205G@30Nc; and
seller February at 3174@319s6o, all closing at the
inside. Seller May was quoted at 36c, and seller
Juno at 3611c. Cash sales wero reported Of 49,
200 bu No. 3 at 3o9Gc; 4o,600 bu do st s01zc;
q 400 bu rejected at 2sc. Total, II 200 bu.
Oats were in better demand and firm at the
advance noted yesterday, though quoted dull in
New York, while our receipts here were COM
parative1y large. Seller November, OF cash No.
3, eold at 24@24Ao; seller January, at 24A@
24a6c; and seller February ut 24s4@)25c, all
closing with firm holders at the outside. Seller
April sold at 2614c. Cash sales we're reported OF
25, 900 bu at 2414c; 5000 bu do at 247sc; 5,40o
bu do at &c; 1900 bu rejected at 2115c 1900
bu do at 21c Total, 81, 800 bu.
Rye was in good demand, as compared with
the extent OF tho offerings, aud was fully 1c
higher. Cash sales wore reported Of 1000 bu
No. 2 st 6611c; 900 bu do at 66c 400 bu do at
6514o; and 1900 bu rejected at Gle. Total,
:, 200 bu. No. 2 closed firm at 66c.
Barley WAS dull 1T the inside prices Of yester-
drawal Of most OF the orders that were on the
market. No. WAS firm at Csc cash 654@66c
seller January, and 67111c seller February. Cash
sales were reported Of 400 bu No: at 6911c;
8 200 bu do ut Csc; 400 bu No. s at 5311c; 1,200
bu do at 53c; 400 bu do at 521Ec; 800 bu do at
SIC; 500 bu rejected at 4014c; 400 bu do at 40c;
800 bu sample 1T 85o 400 bu do BIC; 400 bu at
do at 60c; 900 bu do at Csc, all on track 400 bu
do at 7sc $500 bu do at 73c 400 bu at 65 dlyd.
Total, 18, 900 bu.
In the afternoon, wheat WAS fairly active and
frmer. No. spring sold at $1.1656 seller the
month, and 21-l61%@1.17 seller January, closing
1t the inside. and l.l836 seller February. Com