The Dallas daily herald. [volume] (Dallas, Tex.) 1873-1887, 1883-06-27
PROyIsIONA

The Cincinnati Price Current of last Sat-
urday says the weeks hog packing IN the
west has fallen l0, 900 below the preceding
week, but made gain OF 5000 hogs on the
corresponding pegiod last year, reducing
the deficiency since March l TO 5000 in
number, which is more than overcome in
pounds by the heavier weights this season.
AT all points for the week the packing is
16j, 600, against 40 600 last year, and since
March the total is 600 90 against ], l75,-
900 hogs year ago. There has been some
q latement in the movement of hogs the
past few days, which We attribute TO the
panicky condition OF the markets Tor pro-
duct and the great depression in values, SO
that shippers in the country could not feel
justified in paying prices asked for hogs
and sending forward with the possibility OF
decline, which would make loss, for
packers are not now anxious buyers OF hogs
at current rates, which are about fifty cents
per 100 pounds aoove cost prices of product,
at present figures. AT the same time there
is profit in feeding corn at current values.
The feature OF the week is the failure OF the
parties running a lard deal at Chicago, I'M
der which panic In the market occurred,
and subsequent failures have added TO the
unsettlement of affairs, but at the close
there are indications of confidence being re-
stored and conviction that the chances
are now more IN favor of an upward reac-
ton than further depression. The clos
ing prices yesterday we're considerably
above the lowest figures on Saturday, and
compared with q week ago show decline
OF ST. 42t on August pork, $l.S0 per 100
pounds on July lard, 90 cents on August
lard. $l.02i on August sides. From the
highest point in May, the closing yesterday
showed q decline of $3.47l per barrel on
pork, $225 per 100 pounds on lard. and
81 1924 on sides, tor August delivery. Prices
compared with a year ago are $3.50 lower
on pork, $1.S5 lower on lard and 81 d7l
lower on sides. The weeks exports Of hog
product are materially below last year, and
since November show falling OIL OF 49,
0O0,0 600 pounds of meats. including pork,
and l6, 0O0, 900 pounds of lard, or a total of
So, 600 pounds compared with year
ago. IL Is believed that outside OF Chicago
the stocks of hog product in the west az.
gregate about the same as year ago, ana
that consuming points are now lightly sup
piled and will show an enlarged demand as
soon rs the markets become settled or as
sumo an improving turn. There are indi-
cations, also, that lard will move abroad
more freely at the reduction in values,
while there is yet doubt about much stint
ulous being given to exports OF meats. 1t
is evident that outside hOluers of hog pro-
duct on margins have been pretty well
shaken out recently, and that Chicago par
ties are now the leading owners, and this
iavors the probability of at least n tempo
rary rally. But there is no ground in sight
upon which to build an argument suggest
i've that any considerable part of the de-
cline from the fictitious altitude reached
last month can be regained this serson.
To-DAY'B QUOTATIONS..
BAO0N--,Iong clear sides. he; short Cles r
l2ho, breakfast bacon li9,c.
DRY SALT-Long clear sidee. l0Sc; short clear
lie.
HAMs-Plain, Ah@l5c.
LARD-Tieroe, l2hc; mali barrel, l2A; i0-lb
cans. l27Sc: Bib cans. 1876.