Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1882-12-18

dOOuU Z0,UUU HOSS dTIiVeo tO-Odys anu
found slow buyers at prices So 1Oc easier.
Under the influence of large receipts of
very fair quality of hogs and drop in the
price of the raw material, the provision
market during the week just closed has
ruled weak. and very moderate shrink
age in values has been established on al
most all descriptions. The business trans
acted was in the aggregate very fair, both
the speculative and shipping demand be-
ing quite good, and while the charges in
values were not radical, the fluctuations
were sufficient daily to invest the trade
with considerable interest. The decline
was not as marked as attendant circum-
stances seemed to justify, aggregati-.g GO
@S0c per barrel on mess pork, 400 Coo Per
100 pounds on lard, 14@1sc per pound
on meats, the receipts of hogs
the last two or three weeks
certainly exceeding the anticipations of
very large per cent. of operators all over
the country. The shipments were again
liberal, though not as large, in the agsre-
gate as for the corresponding week last
year, when the outgo was very fair, as will
be noticed by reference to the record fur
Their along.
It is claimed that considerable proper
ton of the weeks outgo was of product
previously contracted for, and this is no
doubt true, but at the same time there was
considerable more product purchased for
shipment the past week than buyers aud
shippers made public. OF this there is no
doubt, for the consu nptive trade is almost
universally reported good and the con-
tinued liberal shipments confirm it.
That there is more or less product con-
signed is true, and this future is growing,
bat it amounts to about the same thing
whether the product is sold here or else
whore. The export trade SO far as COM
mission merchants are concerned does not
amount to much nowadays, simply for the
reason that some manufacturers have close
business connection or branch houses on
the other side, and thus there is little nse
of nidd.eman. For this reason the sales
made public do not by any means tend to
reflect She extent of the export trade
are increasing somewhat. and We are gain
ing in stocks in store here, but are largely
below year ago at this time. It is very
safe to assert that, with the exception of a
few who by nature go by contrariness, the
arrivals of hogs the last few weeks exceed
all anticipations, and this has materially
changed the views of very many as to the
probable course of values of both hogs and
pre- Duct.
It is we'll known that for over three
weeks past there has been a railroad
war in the West, and freight rates have
been cut down to almost nothing.
It would be idle to assert that this
did not tend to swell the shipments of hogs
from points where freight rates we're cut,
for the reason that extreme low rates of
carriage added so much to the actual value
of the hog to the shipper. An examina-
ton of the arrivals of hogs over the roads
engaged in the recent war shows that they
have brought in more than their usual
proportion the last three or four weeks.
Now that the trouble is over it is rea-
sonable to believe that the arrivals will
not be as large as they have been, for
there Is no question but that the country is
not full of hogs, though some who look
only at the present are fully assured that
the crop for the winters market have
been largely underestimate. The fu-
ture will develope who is right. That
there are a good many hogs
OF 70 mil
deny, but as producers and shippers have
been rushing the hogs forward it does
seem natural to conclude that they have
the last few weeks offered liberal induce
ments to bring them and take full advan-
tage of the favorable conditions, and have
sent in more hogs than they would have
done under less favorable circumstances.
As it is, the west to date is short not far
from half a million hogs in the slaughter
since the opening of the present season.
This does not argue that the country is
very long on hogs. Here, at Chicago, we
are only about 100000 head short of last
season to date in receipts of hogs, and so
long as Chicago pays relatively
better prices, she will naturally get a
larger proportion of the crop. Buyers are
always plenty here, hence shipper can
sell at once. This is something
different from other markets, and is not
without its influence on shippers. A more
extended review of the grain markets is
reserved for our report of Monday.
Your representative called on Nathan
Corwith to learn if possible if there was
anything new in the financial eompIica-
ton of his son Gurdin who,> it will be re-
called, has been sued for $4,000 by Will
V. Booth, an old friend and companion
of his. Mr.. Corwith said in reply to a
question that he had absolutely no person
al knowledge of the gambling affairs of his
son and young Booth, but as near as he
could learn from friends of both young
men Booth and his son had pooled their
issues in running deal, that they
failed to make the fortune they anticipat-
ed. and that young Booth was
simply endeavoring to collect the
money he had lost, from
his son. The latter, he said, was in an
upper room suffering from serious attack
of cerebro spinal meningitis, which it was