, 1859-02-18

o0AAA0S u q d+~<AAA%As
NAsHy1Ltx, Feb. 1.-THE steamer Quaker
City was burned this morning at tbs wharf.
COM M ERCIAL.'
Commercial and Money Matters.
TUESDAY Eyrsixo. Feb. H. 1859.
MONEY, EXCHANGE, hc.-We have had mud.
dy, dull, unpleasant dsY, and transactions have
been confined 10 the actual necessities Of bust.
ness. Quotations remain unchauged-v;z: Ex-
change 111S. Discounts 10 per cent Business
psper scarce. Gold ~, with no demand.
Street rates nominal at l@2 per cent. per
month.
ContERc1AL.-Tle Wheat market opened very
unsettled-buyers generally insisting On decline.
On Change the sales amounted to about 20.000
bushels, at q wide range Of quotations. No.
Red declined &c, though cargo Of 10000 bushels
changed hands at the extreme figures Of yestcr-
day-the sales ranging from sl.26@l.25 in store
closing dull ut decline Of &c. No. Red declined
1c will Gales at si.14. Standard Spring declined
lc-sclling ut 97@ssc. No. Srriug declined
2@3c-with sales at s7@soc, and Rejected at 7Gc.
less.
The Flour market was exceedingly quiet. Corn
was tlrner. Oats and Barley drmcr. Seeds uu-
changed.
The Provision market continues dull. Mess
Pork sold to-day at tl725-holders generally ask
ing $3.50. There is no inclination to operate in
Cut Meats, Abont 10000 Shoulders were offered
= IL, r. n1- o1 Lair tuI-a
nominal at l1ac. Dressed Hogs declined l21@15c.
Al Milwaukee. yesterday, the receipts were
275 bbls Flour; 1857 bu Wheat; 2,276 bu 0ats;
sal bu Corn; 1o3 bn Barley. The Sentinel re-
ports the Wheat market quiet, with se!es Of No.
l at $l.05@1,0c; Extra Club, el.15@l.25.
Spring Extra Flour sold at 1915 f o. b. on the
opening Of navigation.
Al St, Louis on the 10th, the receipts we're:
Corn, 1896 bags; Wheat, 2,227 bags; Flour,
80 bb!s and 81 bags; Whisky, 100 bbls. The
Democrat Says that ~ number Of pork mer-
chants from Chicago and other points were on
Change" Sales of Corn we're made at G9@s0c;
Oats, 7o@soc; Whisky, &c. Nothing doing in
Provisions
At Buffalo On the 18th inst, 800 bbls Flour
we're sold at a55oGG.5o for good to choice
Spring Extra brands; 800 bu Red Winter Ohio,
at q so, and White Kentucky at Il 6o@1.70.
At Detroit on the 10th, Corn sold At 76c.
sUrpLY OF saEApsrUfFs IN THE UNITED STATES,
AND PROBABLE DEMAND.
. Cusc1co. Feb II. 1859.
Edlto.s Press aad Tribune:
no1cc a letter in your commercial so!umns,
copied from the Detroit Tribune, pretending to be
from d correspondent in New York. 1ts state
ments ore crrsncous. White Michigan wheat has
been quoted in New York at <l.46 to SLIGO. Gool
white Micbican has sold freely there at any time
within the last thirty days, In any quantities Of
fered, ut $l.50 per bushcl Orders have been in
the market there for mime red winter wheat at
sl.35, for the same length Of time, which could
not be filed. As 10 Corn, the offer to sell good
Western mixed, by responsible party, at Sac per
bushel, has mol bcen made public in New York
within the past thirty days. A. to the Corn crop
OF the State Of New York, any man conyersant
with the trado knows that ne have three counties
in tue State Of Illinois which sell more Corn an.
uuaiIy Tor export than does tue entire State Of
New York. 1t is also well known fact that New
York has not enough this year for her own feed.
tr say nothing Of the large di-t1lery demaud. The
proves this to be true. As to the amount Of
Wheat and Flour in New York and Boston, be Is
entilcly at fault. Taking the amount Of Wheat
(reluce1 to Flour) aud Flour in store at New
York on the 1st oi January; estimating The con-
sumption and trade at 10 QUO barrels per day, and
ndding the prospective receipts (taklng tile re-
GENTS for the month Of January as u basiSl, aud
the eutire stock will be consumed by the first Of
May next.
A+ss1 fba a.Hs fnr
the same ratio from the 1st TO the 1Oth Of Feb.
ruary, estimating the stock On land and taking
the average consumption to the 1st day Of April,
leaves that mnrket 1t that dste entirely bare.
At osweso, as On the 10Th February, there we're
about rs 400 bbls. Flour aud 200 900 bu. Wheat
all Of which is required for Canadian and home
| trade before the opening Of caual navigation.
| 1t Buffalo, at the same time, there were about
| 10000 bbIs. Flour and AS 900 bu. Wheat. This
will ulso be wanted for tue interior trade before
the opening OF navigation.
! At Albany and interior points, prices Of both
| Wheat and Flour are higher than fu New York,
| showing they have no stock On band.
Throughout Csnadt, prices are higher than in
| New York, With very short snpplies-
In Michigan, the amount to spare is iusiguii-
cunt. Indiana has surplus. 10 has Ohio, but
| as they both shipped freely last Autumn, there
| cannot be a large amount to 70 forward
The Southern and Southwestern States have
| but little, If any, wheat and -four to spare.
| M13SQuEl Qu1S& Rtl Ql uEf 6UtplQ8 10 1eeQ
the immigration to the gold regions.
Iowa il confessed!y poor-if either, the State
will hare to import BfeadstufJ Instead Of ex.
porting.
Wisconsin has not large surplus. As the
northern part Of the State is short, end as a
large amount Of wheat il needed for seed, it will
use up her surplus, excepting the accumulation
ing of navigation. Ga the lat Of February
Qour reduced to whest-and wheat in store then
was short, equal to 100, 900 bus. from Same time
last year.
II Chicago, the wheat and aour in store the
second wsek in February, 1858 and 1855, ..com.
pare u follows:
Hous. bnls.- si,e67 A429 lSbe.
This deficiency is being increased weekly.
There was also from $50, 900 to 100000 bushels OF
Wheat on boarl Of vessels lrozeu up IN port last
| year and none this
Last year the farmers granaries, the warehouses
and m!!is III the interior Of the State OF Illinois
were all filled. This year many farmers will be
| compelled TO buy wheat for seed. There Is nouc
| IN store At tie warehouses, and the mills have
been unable to accumulate stoaka ahead, ASS con
sequence prices are higher in many Of The interior
towns than In Chicago, and when the had roads
come on in the spring and the farmers arc doing
their spring work Chicago will export wiielt back
| to the country towns as she did during last De.
| ceulber. This may seem gloomy picture, Eut
believe It to be q true one, and any one can set
| the cause Of It by giving the subject moments
thought
| rhe area Of land sown to wheat In the
etAtes Of 1lhnoiA IoVa md Wisconsin non.
lie cop "a. "a 81 ss:in.sed Il y sa.h<is %;
56e snoani e1poi ID tfsI lie lire $1,000 D''
SiS:,ias ioi s:si hon. consumption - s-
aAd A4aGuNN ouan
| Ths area harvested Ia 1855 in The aAuae St4tea
/ 3z o