The Indiana State sentinel. [volume] (Indianapolis) 1868-1895, 1877-03-28

compilers OF the packing OF the west will have
to estimate the business transacted at DU-
huque and Galena, where the packers appear TO
have no pride in exhibiting their share OF the
business Interests of their respective cities.
IL appears surprising that the packers of
other cities will not profit by the example set
and complete returns of the number of hogs
packed, the amount OF product made, and
stocks on hand are regularly given to the
public. 1t Is standing advertisement for the
provision trade of this city, and there is no
information more eagerly sought for by the
trade of this country and Europe than that
ABOVE referred to. 1t tends to increase the
business OF the provision trade, by attracting
o ders for large amounts of product to mart
where they can be readily and satisfactorily
filled. This is the secret of the success Of our
traue, and more than any one thing else
accounts for the enormous number of 2,9SS, 1856
hogs being packed in this city during the II
months ending March 1, 1877, against 2,S2O.S46
during the previous II months-au increase of
$1,000, being larger than the aggregate packing
of any western city during the same time, eX-
cept that of Cincinnati-the entire packing of
ing the increase in the packing Of Chicago by
U,tO0hogs.
The New York Daily Bulletin OF "Wednesday
says:
On the general market for the hog product
business has been quite slow and somewhat
unsatisfaf tory, with dearth OF interesting
features even the leading articles. The
tendency of values haJbeen rather reactionary
against the material break of the preceding
actual ga N made on the recovery is insignih-
cant, and while portion of the trade are I'M
questionabiy more hopeful the evidences OF
healthy restoration of confidence are as yet
lacking. Spectators are not plenty, ano those
moving fail to take hold with that spirit
which would indicate firm belief that the
product has attractive elements as an article
for investment, while most changes in
values on the various options have
| sympathetic fiuctuation with the changes tel
| egraphed from the west. shippers have con-
but both the foreign and domestic consump-
| tive demands have proven true to the prece-
| dents of the entire season, and with each sue
| cessive addition to cost there was perceptible
diminutiOn of inquiry, which at times has
| left the market in a very dull condition. 10
what extent and for what period buyers can
| and will adhere to this hand-to-mOuth policy
| is an enigma, of course, but IL Is through
| tors are now willing to admit the fallacy of
| attempting to combat IL by other than the
| most attractive terms. To find out about what
such terms may be, therefore, now seems the
careful study of those interested, and while a
| portion are hopeful revival OF demand is not
| far distant, others express the belief that
| further pruning on prices must take place
| before a reassuring movement of goods can
set In.
Lard considering it's prominence as n specu-
lative article, has proven remarkably free
| from exciting features, and generally dull.
| Indeed, crude lard was quite neglected fire.
| quently, with some little difficulty expert
| enced in fully st ablshlng value for want of a
basis of actual sales. Refiners were not want
ing this class of stock at the price, exporters
| either could not or would not handle it. aud
| there was no special attraction to purchase fof
| speculative use. Values have hardened about
| &c per ID, rather more through holders asking
| the advance, in sympathy with contracts, and
| refusing to offer stock, than because they were
| bid up by operators in quest of supplies City
| lard has done very WELL the prime selling rap
| idly and close up To the Value of Western,
= while a sweep was made OF most OF the No.
Refined has shown a decided falling or in the
| number of sales TO the continent. This is In
| part due to the filling OF the most important
good supply Tor some lit lie time, but mainly TO
| the increa,e of value in natural sequence of
| addition to cost on the crude article. At about
/ I0c the demand deadened, and has not since
| amounted o much. South American ord rs
| moderately plenty, and for the West Indies
I ere has been veiy good trade, though un-
derstoOd 10 be at quite low range of prices
| The market on options has not afforded
| opportu lily for a very large line of brokerage,
| as operators were scarce end tho~e in attend
| ance rather inclined to take hold of the mark
| ct in very cautious gingerly fashion. In =
spiration, too came mainl, from the west,
/ to every change telegraphed. Values have adj
| vanced a fraction Ov-r last week, but ii was
| uphill work 10 obtain the advantage, ard il
| was further shown to be held by very slight
| tenure. on the leest indication of an adverse
| character. in brief, operations on the specula-
tive line do no. take sufficiently positive char
| acter to attract outside element and trad Ing
| for the present Is unsatisfactory.
FOREIGN EXPORTS OF PROVISIONS.
The following Is the comparative statement
of exports from the United States from Octo-
Der % to March 10 in the past and present sea-
/ son:
1906. 1861. Increase
Pork, lbs.........lS, 74S.A0 loo 800 599l 600
| Lard, lbs...-..63 963,Oi4 S7,7S663e q, 1888 $50
| Meats, lbs....l67 ,S79 81 ,82S965 60,f5l O66
Total, ..25O,O5I,l23 3IO,27O.8a5 9O,2l6272
Exports for the week ending March IL, 1877:
| Pork, bbls ............ OO6
Lard, lbs ............ ,764 0j
NiestIS- loS--.-. o,4OoooO