Hog Receipts (in Pounds). Heavy Hog Prices. 162,000,000 $15.55 184,000,000 14.35 195,000,000 13.75 206,000,000 13.15 228,000,000 11.95 The tables herewith give this problem worked out in detail for the various months. It is realized that at this writing, in early 1920, financial matters are still so deranged by the great war that our secular trend for bank clearings may be wide of the mark. This is the best prediction we can offer at this writing, and we are offering it fully aware of its weakness, but fully believing that predictions of this sort will stimulate more thoro research. It is believed that better measures of demand may eventually be found than bank clearings outside of New York City, and that better measures of supply may be found than receipts at Chicago. Also there is a possibility that the varying size of exports of hog products should be taken into account. PRICE OF HEAVY HOGS PER HUNDREDWEIGHT, AS PREDICTED FROM HOG RECEIPTS AND BANK CLEARINGS OUTSIDE OF NEW YORK CITY. JANUARY. ═══════════════╤═══════════════════════════════════════════════════════ Bank Clearings │ Hog Receipts at Chicago, in Millions of Pounds. Outside New │ York. │ ───────────────┼──────┬──────┬──────┬──────┬──────┬──────┬──────┬────── „ │ 162 │ 173 │ 184 │ 195 │ 206 │ 217 │ 228 │ 239 ───────────────┼──────┼──────┼──────┼──────┼──────┼──────┼──────┼────── $13,000,000,000│$14.55│$13.95│$13.35│$12.75│$12.15│$11.55│$10.95│$10.35 13,500,000,000│ 15.05│ 14.45│ 13.85│ 13.25│ 12.65│ 12.05│ 11.45│ 10.85 14,000,000,000│ 15.55│ 14.95│ 14.35│ 13.75│ 13.15│ 12.55│ 11.95│ 11.35 14,500,000,000│ 16.05│ 15.45│ 14.85│ 14.25│ 13.65│ 13.05│ 12.45│ 11.85 15,000,000,000│ 16.55│ 15.95│ 15.35│ 14.75│ 14.15│ 13.55│ 12.95│ 12.35 15,500,000,000│ 17.05│ 16.45│ 15.85│ 15.25│ 14.65│ 14.05│ 13.45│ 12.85 16,000,000,000│ 17.55│ 16.95│ 16.35│ 15.75│ 15.15│ 14.55│ 13.95│ 13.35 16,500,000,000│ 18.05│ 17.45│ 16.85│ 16.25│ 15.65│ 15.05│ 14.45│ 13.85 ───────────────┴──────┴──────┴──────┴──────┴──────┴──────┴──────┴────── FEBRUARY.