Knoxville daily chronicle. [volume] (Knoxville, Tenn.) 1870-1882, 1881-11-10
Close of the Summer Packing Season, and
Winter Outlook.
Cincinnati Price Current.

The eight months ending on November 1,
designated as the summer season in pork
packing operations, shows O deficiency in
number of hogs killed amounting to about
$50, 900, compared with 1880, and for the
twelve months just closed is about $50, 900
less than the preceding twelve months
Chicago falls short about go, O00 st. Louis
so, 900, indianapolis 215 ,000 Cleveland 90
600, Cedar Rapids 10000, while Kansas
City nearly balances accounts with her own
and Atchison's operations last year. Gin.
cinnah has gained about 35, 900, Milwaukee
25 900, and some other points more or less,
while Omaha has packed nearly $4,000.
against none last year. The aggregate for
tie summer in round numbers is 4, IT'S, 900,
against 5, 1926, goo last year, and for the
twelve months is II sos, 900 hogs, against
Il, 275, 900 last year. The seaboard re-
ceipts have not shown much faliingo off ON
pared with last year.
On the first of March, with but 30,0
| hogs decrease III the winter packing COM
pared with the preceding winter, there had
been gain of 1000, 600 pounds in ex-
ports of product, from November /, but
now at the close of the season there is de-
crease in the foreign movement of 10. OOo,-
900 pounds, compared with the preceding
twelve months. This means that since the
first of March the foreign movement has
been 26O, 600, 900 pounds less than during
corresponding time last year. This is
| equivalent to the product of about / Co.,
| 600 hogs, in the decreased export movement
for the summer, and of about 975, 900 hogs
for the twelve months. The seven Western
States which have furnished annual stats
ments of number of hogs reported for taxa
ton, make returns indicating about 500, 900
hogs less in 1881 than in $780, These fig
ures are for the early part of the calendar
year, and the movement to market in the
West and East has been about 600, 900 less
than last year, since March /, SO that what
ever there is in these statements affording
an indication of winter supply, it points to
but a moderate reduction from year ago.
There is an evident shortage in the corn
| supply, compared with the past two years,
but with the old stock brought forward the
| resources are well up to the average wants
of the country in late years, and the fall
pasturage has been exceptionally good.
Should the winter be mild one, as now
generally expected, there will be less need
for corn for feeding purposes than last win
ter, when the consumption was unusally
| large. Farmers have pitched their expeeta-
tons upon high prices for corn, and are
holding, but there are those who will not
be surprised to see lower prices in the
spring than now prevail, and we may be
counted among the list.
The expression has been offered from va
rious parties that hogs will be lighter than
usual the coming season. As compared
with ssyear ago, we do not expect to see any
reduction in average, for last winters weight
was much below usual figures and the low.
, est IN eleven years. If the winter should
be mild the fattening process will be stead
lily progressive, and the result may not un
likely be even heavier average than las
2 year, notwithstanding the evident DISPOSE
Z ton to market early.
! The supply of beef cattle and muttor
/ available for the coming season is largel
than usual, and this may exert some infu
ence upon the market for hogs and the de
nand for product.
These are various influences condition.
which occur to us, and which our reader
may entertain as they please We Nigh
add that the events of the recent past hav,
shown the disposition of foreign countries
which have been consumers of our surplu
product to pursue " protective" methods
i'll prohibiting and restricting imports from
our country. Buyers and dealers abroad
are lacking confidence in future demand
upon the basis of present values, and trad
! ding is much restricted. 1t is evident tina
high prices for product cannot be main
! tanned without a requisite demand from
! abroad for the surplus of manufacture
1 and it must be evident, we think, that pres
ent values are much above legitimate poin
for this period in the season, in the face O
considerable amount of stocks in tn
country and Il prospect for little if any re
ductlon in the manufacture during the com
ing season. A material letting down i,
prices must be expected, sooner or later
and it would be better for the ultimate in
terest of the trade if this should occur il
the early part of the season rather thai
after supplies have been secured
Correspondence of the Price Curren
gives some opinions from interior points
: At Kansas City it is believed that there vii
be almost if not fully as many hogs packed
during the winter as last year, but it is ex
pected the weight will be lighter, and three
fourths of the supply marketed by first o
January. Des Moines reports disposition
of feeders and farmers to market hogs earl,
and half fat, so as to save corn; supply re
J garded about rs per cent. short of last year
farmers selling clostly to avoid feeding; corr
a light crop, and very little old stock in thu