The sun., 1918-12-04
SUPPLY OF HOGS
y INCREASES 10 P. G.
Estimated That Total Stock
in United States Is
78,500,OO0.
HIGH PRICES MAY STAY
Eyport Demand for Product
Expected to Keep
Rates Up.

The November movement OF hogs
was ono Of the heaviest, II not the
heaviest. ever known. with packing OPP
eratlons at interior points about 100000
hogs for the month. over n third larger
than last year. Notwithstanding such
an enormous movement OF hogs. the
Chicago stocks OF the product increased
less than 100000 pounds o. meats,
while the increase in lard WIS barely
Il. Ooo. 900 pounds. The stock OF lard In
It's increase represented about the prod
uct OF 100000 hogs. so that practically
all the stocks produced from the enor-
nous packing and the great increase
went into distribution. either export or
domestic.
Private estimates have indicated an
Increase in the supply of hogs in the
country of from 8 to 10 per cent. over
last year, n prominent Western house
which makes a speciality OF crop investi-
cation reporting yesterday an increase
Of 10 per cent, with total stock now
Of $500. 900. while on January of last
year the number of hogs in the country
was 71.374,000 These figures scarcely
make a fair comparison. however, as the
killing OF hogs between November Is
and January would probably account
for easily 100000
The movement of hogs at Western
points has been far in excess OF the esti-
mates OF the increase in number. the
receipts being more than 80 per cent.
larger than last year. This increase in
ling may be due to a larger stock
IN the country than estimated. TO a de-
sire TO take advantage OF the price o.
both. With the price OF hogs for De
cember stabilized at 17h cents mini
mum. with profit in feeding corn 10
hogs OF about so cents a bushel aver
marketing II in other ways and with
lightweight hogs thrown out, there has
been every inducement to keep hogs
back, nevertheless the marketing has
kept up.
The hog committee is expected to meet
his week to consider the January price
ot hogs. and confidence is expressed that
here will be little change in the price,
due to the fact that the demand for
product for export is on such a vast
scale that there is no necessity for any
letdown in the quotation. The hunger
map OF Europe covers such a vast terri
tory and the conditions are so urgent
that only by the largest supplies possible
will the situation be met
The domestic situation win probably
Ae relieved on oils and fats competing
with lard very shortly by the issuing OF
export permits. which will take this
pressure Off the market
CHICAGO, Dec 3.--Reports that en-
larged production OF corn had been more
than counterbalanced by 10 per cent.
Increase OF the number of hogs IN the
country had a decidedly bullish effect
today on the corn market. Prices closed
unsteady, 1sSc. to 81 c. net higher, with
December $1.SoA and January ;13O&
10 s1.3oH. Oats lost nc to sc, and
provisions gained 10o to soc.
Oats were relatively easter than corn.
Seaboard bids did not measure up to
holders views here.
Higher quotations on hogs and corn
gave strength TO provisions,
coRN-NIarket showed pronounced Arm.
ress during yesterdays session. and while
'os'ng prices were about NC. below the
CHEST of the day, they were INC. to &C
shove the previous close The local cash
na,Set was steady; No. yellow quoted
freight New York.
OATS-Market firm early in the day In
sympathy with corn, but subsequently de-
-sloped reactionary tendency and nnal
quotations were &c to SC net lower
..oeal cash market was steady; standard
70. white, SIC. TO s4hc: No, white
f1Hc TO SIC; fancy clipped, white s3nc
- SiAc.; ordinary clipped. SAL {. 70 s4i4c
RYE-Market quiet: No. western
:; ., cost and freight New York.
BARLEV-MArket steady; feeding, $40
n.'ilng Sl.i6. cost and freight New York
BUCKWHEAT-Msrket dull: sound mill
.ng' $3.50, cost and freight New York.
:, Hs5A ~. n steady; No. g. '.U tc
CHICAGO PRICES