, 1877-01-01
PROVISIONS.

receipts for pork, iard, or meats IN store.
------
fhOF F1SAOS o.
1rR MARKEr ron HOO rnoDccf8
has been actisc during tho greater part of the
year. and IRREGULAR though The fluctuations we're
less frequent than In most former years. The
course OF prices was generally upward during
the frat three months, tended do"nwa'ds for tho
ncKt SIX months, mud then reacted to motscr-
ale extent. The trade was not 70 well controlled
By capital rs In 1875, the largest investors being
those who lost the most money OIL bath the TIP
ward and downward turns. Tie rcason for tllts
is the fact that the sapdlJ-changlnE features OF
the trnde have not been followed with sufficient
celebrity by the parties who're long experience
might he supposed to have given them tho in
side track Of tho business
The trade has been lea unercn'y distributed
over tho ulo'c twelve months than ever before,
though ccntcrinE chiefly IN the cool weather, as
usual. There Is now not only tho product OF
the winter season to be carried and cared for,
but the continuous work Of summer packing
Invites to speculation, and to Investment Of
capttal, through the Ao. months. The tendency
IA also to make packing less active IN Sovcln-
ber and Decetnbcr than heretofore. throwing
moYo Of the WORK over Into Juuuury and Fcbru-
lo'o " 1ns W." ~. - .,..
~
progress Ut tho trading by calendar years.
Formerly tho business of packing and tho
trultnr In protluct yas almost caualty divided
49,. .,.- ,,or,,.,. ~ ,,r ,,n,,,,< All,
80 TINT TIC stat'at1cs OF tho ca'ehaaF year e'i-
braccd thasc nt two halves OF two seusons. 1t
ia true that t1,u bulk Of the product Iuanntae-
tur,tl here in summer consists OF meats c,,t to
>. 'e1 ~ -. - r,.sN|. .,,. !.
ING a''ecI osucs " t+"'opsa's oPc.aso'e' wv ~
jocs not tho lcss employ e.sp:tal mere, ana to
some extent Influences speculative Trading In
w1ntcr-c,lfc,l product.
ro,,u.v ~ rrv u.nrrr
- r1,'-. 49, ...1.
In january ana Fcpfuary sne tci"1eAcf va" 10
higher priccs, md tho winter aenson rloscd at
higher rapco OF quotations, due to the general
,,ot.f Tint thc nr cron was practlcn1v crha,tst.
-, 49,, .hot r,,, porl,1 rooc Il, 1urIn, tlc ann.
GU a"e anat ~" "oa'! suo ~ u",''E ~. "e''
Mer. HIS 1dea was paf1lally l'aocd on Tue laet
ro,ns In at tns close, al the receipts wcre quite
1iol,t ~ vomc lin, nf,rr thc winsrr
1< s' ~ r, ,'.,, s,,,,,,.,.,,
packlne was o'es- IL was ta'eolateu
tho consumption Of pork products tho bulk
m Tho .,orlr would bo worked oil 1T not n,,,cl,
,".. ~ .a TO-, ~, f- no-,, IT., ~ l,r nn 1stxc
iess for .hart 1a RI %aee Thrre m s 4au M
speculative dc'lland, ot tne stea1y oract, wuatl
tuok sp tic ssGk lot only here but ~ utl!sr
points IN tilc West. ana Hi4cr thls prIses Pits e W.
adyancc March 10 :S..'3>S lot pofk, St5.'n ncf
loo iba on sars' a"t is .n s!'oft tahs' sat these
figures wcrr not lung sussatnct, aud the l~op]c:
wli' bought III near fhc tap 'feta!llns so,l's "
ilnAr usually conss5sFea ~ he well pnatet, !s'st
heavily under subsequent severe n1id eoutt'li-
Qua decline.
sTnE sCMMEn APPROACHED ..-
It was fon!lu that tho enormous stucks Of poor,
cheap corn which waa scarcely lit to market,
and too damp to keep. were being USED lor fcctl-
ing hogs curly; and that In consequence there
would bc \ b!g excess OF summer hoRs-.cspe-
eiaily as prices ruled high clouel to !uake tho
feeding process profitable unc: Illc result
wns TINT tho number of hogs rut hrrc between
Feb, ~ and N0r. l Waa aDut s5D.ODo, or more
than twtCo US lnany ~ tn thu corresponding time
IN 1915. Under ttis prices cctlfsc.l through the
summer. u there WIS little demand for winter
cured stuff; tsic current cuts being shipped for
consumption as fast as lnanntar1nttf Ihc
winter 1rtx.,ict was nhiltcd from han1 to hand
| on future sales, being usually carried Ut very
| low figures by capitalists. in tho carly autumn
| thcrG WIS quite 3 Fald III tho other direction.
! The constant hog supply, compared with the
Low t>rieea ruling for breadAtAils, causcd many
to tliink that prices would rtlu uupreceslcntedly
low, aud ther sold freely Ahead. They talked
VI hogs ut 4Nll1&&e per u. o., toet IN November,
| and wurriei prtcca down slowly. In August
spot lard touches! s9.42IL1 per 100 lbs, and
| short ribs Ut 7Ae per lb,-}Hshaps lower, while
casl, pork sold ls,wn i, Si3.l!1S III October.
| Aud these prices on pork unI Lard were freely
discounted un year saIvs. A good deal Ut pss,,-
erty cllpnged hands near The buttom, uu4 lns,i
thttt,aahtls uf pounds oi meats wlleil lul brril
held all through. Ut polnts TN the Missouri
aides carrying charges.
Tmn REACTION CAMS
| near the beginning uf the wtntrr's work. A
| good many st4Il believed In Cheap hogs; but