Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1874-10-29
HOG AND HOMINY.~
What the West viii Produce OF Both A
Fair Crop of Com, but a De-
crease in Kegs,
From the New York Bulletin.l

From the New York Bulletin.l
Reports from two hundred and four
teen points in Illinois, Kansas, Nebraska,
Iowa, Missouri, Ohio and Indiana, the great
rirm opinions previously published indicate
Ing Il decrease in hogs aud a fair crop OF corn.
In the majority OF Instances the number Of
hogs reported is considerably less than al this
time last year. as con tirmed by the ON cial re-
ports of the several State-auditors. There is
out little doubt g. 10 there being fewer nogs
in the country than at this time last season.
In almost all sections OF the country hogs are
reported in poor condition, owing 10 the
SC srcity Of old corn. In Canada 1t is also said
there will be q slight falling of In the number.
The corn crop, according TO latest estimates,
Will Be fair one; but as there Is very little
OF last years corn now en- hand, and as the
market price Is fully one hundred per cent.
higher than in 1873, 1t seems probable that the
farmers will sell their hogs early in the sea-
son. in order TO realize better value for their
Last year the price OF hogs at Chicago
ranged nom s. 50 70 81 on the first of Novem-
Der, 10 81 81 TO s. IS at the close OF February,
ana the result was a safe price for product, at
which shippers early and spectators later,
took he. ID free. This year, however, We shall
doubtless commence packing at much higher
rates and as the country Is bare OF stock, the
new crop will doubtless be largely drawn up
on to supply the immediate necessities OF
trade. both home and foreign. summer curing
has been more extensively carried on this
season than ever before, and especially in the
west, and the product has generally given
much better SATISFACTION LudQ winter
stocks. Owing to the scarcity Of winter
meats, the southern trade has taken the Ice
cured 10 a larger extent than usual, while
there has slsO been a large amount OF old
and damaged bacon resnipped from Liverpool
and sent south, which has completely cleared
both Europe and America OF old crop. Long
clear was at fret the only cut inquired for, but
OF late StaffOrdshire, cum Oerlands and STREET
fonds have been in demand. This shows con-
cIusiveiy that the number Of hogs cut during
the summer has been greater than last year.
and that the balance since the returns OF the
government statistical bureaus report was
made up was less n proportion than for last
wear or for former years. so far statistics en-
sble US 10 Judge Of the course OF the future
market; but, as we have often remarked be-
fore, statistics are getting, year by year, to be
less relied upon by the mercantile commune
IL, because they nave so often and almost in
variably failed them OF late years. No strong
er illustration OF this fact is needed than the
statistical position of the provision MAJ ket q
wear ago. which unmiSiakably pointed 10 low,
or, at least. not high, prices. This was accept
ed by the trade generally, early in the season,
to bs the situation, and yet spectators took
hold OF the whole crop later, and carried II
successfully through at the highest point
Kuown for years. And no one seems yet able
70 account fully for this apparently anoma-
lous condition OF affairs. Clearly, statistic 5
failed. The causes of these changes are In
constantly changing currents of trade and
different modes OF busi ness, TO which must be
added the speculative or nOn-speculatiVe dis
position OF the trade itself during different
periods. In view OF these facts, the provision
trade Is standing alOof, and the question OF fu-
ture prices is still n doubtful as ever"