The Dallas daily herald. [volume] (Dallas, Tex.) 1873-1887, 1883-06-16
PkOvBIONs.

The Chicago Commercial SAYS there has
rarely been q time in the history Of the
provision trade when there was such gen.
eral uncertainty as to the possible current
OF trade and prices in the near future. To
say that our stocks are large would be an
error, except when measured by the de-
mand. The first three months of the season
found the packing Of the west short about
2lO 600 head, but with large increase in
weight, which would cut down the loss in
head when measured by pounds. The hogs
being marketed are universally reported
good; this is fully evidenced by the in
that there is much smaller per cent. OF
sows coming forward than usual. Ii this
argues anything it argues that producers
are inclined to push the production, and
this will be shown, probably, early In the
coming winter season. An abundance OF
low-grade corn in the hands of farmers
causes them to feed freely, as
they can thereby secure much
better price than if they sent the grain to
market. Present prices Of product are not
high In comparison with other animal
food, and the only thing essential is good
consumption, which Il seems ought to be
developed at current rates. That stock at
intererior distributing points are low is
evidenced by the fact that purchases are
made Of small lots almost daily instead Of
round lots as usual in former years. But
to invest the trade with health consumers
must be encouraged to take hold with free
dom, and if they will not do 1t at one price
they must at another. A class Of capital.
lists do not care to carry the stock in the ab.
sence ofa consumptive demand, and will
not, for the reason they know IN the end
they will be obliged to let 60. The pros
pect for Chicago recovering her lost ground
in receipts Of hogs is not flattering, and it Is
a noteworthy fact that at two or three
points where marked increase over last
season has been experienced so far, the
supplies are falling off, and the outlook for
big runs Is certainly not encouraging. Our
exports tor the time being compare favor.
ably with last year, though showing lib
eral falling off since November.
As is usual during periods Of depression,
operators are very wary. The trade at
this point ID believer in the future of the
Market and therefore do not remain on the
short side TIT any length OF time. A no.
ticeable fhatite, and popularity of specu-
lative trading, Is found In the fact that q
good many who were buyers Of product at
considerably high prices, and bulls are now
sellers and bears in the face of very liber-
al shrinkage In values, and II is quite like.
ly that If theMarket should break consid-
erably lower there would be more bears
than there now are. 1t Is the currant of
the trade. Conservative men, however, can
see that the recent rather severe drop was
due largely to manipulation. The crowd"
became imbued with the idea that promi.
nent spectators were under the market,
and tailed on; and the
shaking out" process was necessarily ap.
piled in order to induce trade. Those who
profess to believe that the product is goin G
DOM to almost nothing may find them.
selves in error; they certainly will ii the
consumers come in with any degree Of
alacrity, simply because we are producing
less and have no excess OF stocks, and those
closely allied with the consumptive trade
live in anticipation that before long there
will be marked improvement In this par
ticular. The conditions Of production and
supply, when compared' with last year,
argue good prices for the product, provid-
ing ofcourse the consumption Is equal. The
latter is all that is now necessary to turn
the current OF prices toward higher plane.
II the consumer continue to hold back
however. then much higher prices are
doubtful.
r0-DAY'B QUOTATIONS..
hAooE-Long clear sides 1910; short clesl
llHc breakfast bacon 16o
DRY bALr-Long clear sides, 1910; short clear
l2c
HAxs-Plain, l4k@i5c
LARD-Tierce, 12Kc; half barrel, l2k; 1iO.ll
caus, l2xc; 20lb cans, 13c: l0.lb cans, lSc; sill
cans. lSAc; Bib cans. lSSc.