t only has
there been a considerable increase in the number packed, but the
market opens a great deal duller than last year, when the Canada trade
and the building of the Detroit and Port Huron link of the Grand Trunk
Railway induced a fair demand.
Cincinnati is the greatest provision market on the continent or in the
world. At that place speculation has been quite rife for the past two
or three years, operators obtaining a controlling interest in the
stock for the purpose of putting up prices. Last year the plan did not
work well, owing to various causes, one of which was the small number
of works in progress, such as railroads, etc., the supply of the
laborers upon such works, being the life of the provision trade.
Heavy losses were sustained, but it is said that the sufferers were a
different class from that regularly engaged in the trade. This season
the speculative fever has again prevailed. The issue has yet to be
revealed.
Last year nearly 1,000 head of cattle were slaughtered here, all of
which were forwarded to Lake Superior as soon as packed. The price of
mess beef has ranged from $8.50 to $12.00. About the first of July
prices reached their highest point. During the fall the range has been
from $8.50 to $10.00.
When the marshy lands, skirting our watercourses in St. Clair, Macomb,
Wayne, and Monroe counties, shall have been drained, (which will, no
doubt, be consummated at no distant day,) a large tract will be
rendered available for grazing, which will prove equal for that
purpose to any in the Union. Butter and cheese will then become a
leading article in our commerce.
Potatoes constitute another of our staple products, and, in seasons of
scarcity elsewhere, large purchases are made for shipment, but being
generally based on present demand, they can hardly be called
speculative. The crop of 1857 was rather meagre, and last spring and
summer prices ruled high, going up to $1.20 for a short time in June.
Last year we had an abundant crop, since which, under a limited
export demand, prices have ruled low. The receipts at this point,
from all sources, did not vary greatly from 175,000 bushels, of which
80,500 bushels were exported, chiefly to Ohio and the upper country.
It is claimed, that southern Michigan produces more fine fruit than
any other locality of the same extent in the United States, if not on
the globe. At the same time almost every quarter of the State is
constantly improving both in q
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