Weekly national intelligencer., 1847-09-25
REVIEW OF THE FLOUR AND GRAIN TRADE
FOR THE LAST YEAR.

lowing review OF the trade IN DreadStuffS Tor lnt
year ending the lst instant. 1t will be found inter
esting and instructive:
The commercial year ending with the first of the presen
month (September has been most exciting the gair
trade and think that furnish the present
son more suitable article for transmission by the thar
b retrospective review of the of the trade for the
past twelve months.
In September 1896 the flour market opened with rather
upward tendency in prices Genesee having advanced from
the neghborhood of "a to about 81 81 Genesee wheat
worth 20 cents Northern So So and meal SO SCI
S2625 Early in the month the Britannia brought
news OF the prevalence of the potato disease which had
the effect of advancing flour in the Liverpool market 24s
to 26s 26s 3D. Genesee -four upon the strength of this
intelligence Immediately advanced to S42 81 375 wheat
to 81 95 cents, and meal to So 624 ST. 75 and the
market kept advancing with large sales till the arrival
the Cambra the lSh when the closing price of Genesce
a. u.s. and other articles in the trade in proportion This
news also favorable, and the opening price S7
S3 which advanced by the close of the month S5 S. 6
while wheat brought 81 OF ST. 10 for Genesee corn ~
TO- and corn meal SO 623 S375. On the last day of the
month the Great Western arrived but her letters
distributed till afternoon no sales of any consequence were
made that day.
As the by the Western showed still further advance
prices abroad, and reported deficiency the grain crop
on the continent market became still excited and
flour opened at S5 So and fucuaed between that S.
I'LL the arrival of the Hibena the 3d. when there was some
little tendency toward further rlse but the result finally
that prices settled down at S5 So and remained till the
nva of the CaleGonas the 22d when our market
opened but this price could not be sustained
sank to 80 S73 Subsequently the market rallied little and
/ at the close of the month was firm at &c.
For the first few days in November the prices ruled at about
the till the 7h, the day of the arrival of the Britain
MIA Under the effect Of the teegphc advces the market
spsned So 25 but went back again the old mark pre-
the arrival of the Great Western on the 6th Her
rather unfavorabe, and were made at S5 rs
The day the Acadas received by telegraph
which at first strengthened the Market but large sales
subsequently made S5 so downo and the closing
of the canals about the last of the month could rally the
price beyond S525 So 37a the latter with storage
privileges
These rates were maintained in December till the arrival Of
the Caledonia on the 5th The news unavorabe and
prices fell to S5 S. l2 and thus ruled the middle the
month"; when they began TO advance and reached S. 375
S5 SO previous to the arrival of the Cambria the 18th.
The news being regarded favorable slight advance was
obtained and the market closed S5564 the end of the
month";
In January $3.50 1861 was fair quotation previous to
the arrival of the packet ship Rochester the l6h which
put up prices 2 per barrel The Hbenias news was
received the 25h. The market opened S6.25, and
finally went up to 81; and at the end of the month firm
at Sc. s7j 81.
lOh when intelligence brought by the Sarah Sands caused
further advance In the first excitement reception sales
made at 1915, but S725 the ruling till the
arrival of the Cambria, the 22d, when market Drop
ped down 10 So S7 81, closing the month the latter
Early in March there improvement OF about l25
cents per barrel which subsequently lost and the quo
atons went back to s6s7t 81. The Hberna arrived on
the Goth and forced up the ST. 25 which, with some
little ucuaon, continued the ruling price the close The
principal feature in the business of the month the large
sales which made for future delivery the opening of
rver and canal navigation.
Under the influence of very light stock hand and not
whstandng the opening of the early the month"; flour
continued to advance till the end Of April The highest
mark attained about S but at the close Genesee could
MT be quoted at S7.75. There sailing packets
arrived early and two steamers the Cambria and Sarah Sands
late in the month. The latter brought of decline in
England, but all the -four here wanted for the home
trade it had further effect than depess the rates of the
month, were to very large The closing prices for
these contracts were So SO for delivery May So So l23
in June, S6 in July, and S5. rs for August
On the first of May canal navigation resumed. Flour
opened at S7621 S775, but had gone down to ST. for
Genesee previous the Caedonas avces arriving on the
6th Their effect to carry the market ST. 62J
for Genesee, and il continued to sen till the arrival the
Britannia the nth the current 81. 93f Ss
On the 18th the opening price $685. and -four continued
to advance till about the 24th when reached So s75 I'm
der the influence of heavy receipts, with cessation of the
very great demand which had heretofore existed for the re-
plenshmen of the almost exhausted stock our own sea-
board the market then declined rapidly had risen at
the close of the month So l23 S. 25 the standard price
The last sales for future delivery IS 25 for June and
Ssh So for July.
On the ID Of June the ship Rainbow brought intelligence
Of further advance abroad and the Sd the teegaphc ad
vices of the Hibenia hand They great
element in the market, and heavy sales made during
the day, commencing at $685. and closing at SO So This
the highest mark touched during the year. The
day. holders being anxious to realize at the prevailing high
Ss62, when rather brisk demand sprung up for the home
trade and Shipment and the market rallied So s7J but
sunk again Ss75 On the 9Th the Cambria arrived and
her letters furnished the first nmaton of the reaction which
had commenced the other side Of the Atlantic The result
immediate decline Of rs per barrel. A com
pete panic ensued, and previous the oath Gencsee
sold low S6.93i 81, being decline of 81 per
rel in little week Toward The end of the month the
market sIened lite and the closing were 81 ls3
S725 The first lot Of Southern wheat came to hand
the 29th of this month, and sold for milling at so
per bushel
After the arrival Of the Caledonia, on the 9th July the
market opened about S6.373 Sc for Genesee and
gradually sunk to So Tn the 10th the Britannia advised us
Of still further decline in England and on the continent and
pces here dropped down s5l2 So 25 but subsequent
rallied and previous TO the arrival Of the Washington on
the 30h had reached S. 6s3 Her favorable and
so advance first obtained the close of the
3lst Genesee could well be quoted over SIS s7j.
The st OF August Sunday, and the I'd the Hibenia
brought intelligence Of another decline Genesee opened a
S5 So but the receipts the time being rather light while
there good demand for the Eastward and home use
prices up 1913 and &c. the latter for fresh ground
On the 10Th the Cambria advised Of further decline of
about in the Liverpool market Though this caused
depressed feeling among dealers here yet the receipts
generally the at this season. very light, and
stock small compared with former years the peri
od there certain feeling of independence Of foreign de-
mand which prevented any thing like corresponding decline
in this market Genesee, under the first impulse of the news,
went down So G25 but rallied again. and, though further
depressing adyces received the 29h by the Guada