, 1860-01-02

"a J
review of the course Of he market during tbs
year:
In January, February, and the first ba1f Of
March, nenrly ali the corn received WAS sold on
tfaek; but owing to deficiency in Michigan
and oh.o; . much larger business was done than
local demand By distil1ers. m:ilers and lumber
men, the shipments to Detroit und Cincinnati
ranged from four to twelSe thousand bushels
weekly. There WAS eren Corn shipped from
this point BY rail to Western Virginia, and also
t? plnsbarg, and other places ID that region
IN the ad OF January Shelted Corn wns sold at
SEC 3 60 Tbs, but from that date the mar
let gradually misunderstanding ss@63c Feb
rnary LIST, 66@6Sc March 1st, and 70l75c
March 3tst- In February md March several Of
the waFehousemen took corn into store at the
owners' risk Of heating; bat the amount stirred
was comparatively small. About the end of
March, however, all the warehouses stored it
without this clause.
As early Us the latter patt Of January,
shippers wers attracted hither, and we hhd
that q contraet was made On the Goth for $500
bushels Illinois River Corn, to be delivered on
the 10th Of May at Spring Lake ION the Illinois
River). at 65c-9enerally considered at the time
4 low figure. On the same date contracts were
reported in the Cincinnati papers for 10000
bushels to be delivered at St. Iouis On the 1st OF
May at 7oc, and 10000 bushels to be delivered
ii Northern illinois, Ut JOc. On the Sd Of
February, Il 900 bushels ,teie sold in this mar
kct at o9c t. Q. b. the first week in 5fayj and on
the Nt, Of February, 30, 900 bushels were sold
at tic +; Q. 3; on the opening Of navigation.
IN the 17th Of March the Illinois and Michi-
gan Canal was opened. and on tLe 10th the boat
1rou6ado.r, with 5000 bushels Illinois River
Corn, arrircd-the first of the season-con-
signed to Geo. r. Eck'ey, Esq. This boat-load
was sold to arrive on the 4th of March at 1lfc
a}oat, and resold OF. the 18th at 1Sc agoat. On
the 31st Of March, Il .oG0 bushels mixed Canal
Corn were sold at 7sc t. 0. +.
"A break having occurred on The canal on the
31st Of March, the market during the first few
days Of April becaf.e suddenly nflated-s,t ,tNl
bushels 1llinols River selling on tue 1st at s5c,
I. 0. b., aud No. at Csc in store. The break.
however, was repaired in few days, and on
account Of dull news from the East, as well rs
the prospect Of good SUPPLY, tie market de-
e'ined. till on the l1th e,oi1 bushels prime III.
RIVER we're sold At 75c. 0. b., aud No. l at 6:c
IN store On the following day, the 13th, the
news from New York wEs more favorable. and
23,so0 bushels mixed Cabal were sold at Csc
o. b.-the market remaining firm till the close
OF the month, With suies on the Goth ut 7aa}c for
illinois Rirer a1oat, and Tee for No ! in store
In May. the war news rendered the market
buoyant. On the ed instant Canal und River
Corn was sold at 70@12c aaoat, and No. at
GeG1oc il store, advancing steadily till the 10th
and 18th, when Illinois River was sold at s5c
aaoat. aud No. at s4@S5c in store, On the
18th. howeser, the market declined SC, and the
fall was more gradual till the 3lst, when Canal
was sold at zoe aaoat, and No. 1t 70l7ac in
store.
In June, the market Was tolerably actirc and
steady--priccs varying only about &c during
the entire month-opening on the 1st at 7l@
I2c for No. !, and closing On the c0th at 6yio1
lie for the same quality. The receipts during
this month wcrc principally BY Canal and Rail-
road-tbe low water 10 the Illinois River pre-
venting boats from coming up.
On the 1st Of july; Corn opened buovant at
.2G1Stc for No. in stors, and 73M74c for
Canal atloat, aud during the first week the mar
ket was tolerabir steady, though with rather a
downward tendency. On the 1th INST, cou-
tract Was made for 5000 bushels No. at ;Sc in
store, 10 be delivered on tue 1st Of August; aud
on the 11th 5000 bushels were sold for sa,ne
delivery ut 12c- From this date to the 18th, lie
market Tell rapidly-No. selling at j:c-a dt-
cline IF t1tnfy'one cents in Tire tcftks. About
the close Of the month, however, IN active de-
mand By short sellers lat ,5c) caused re-
-"''nn: and on the 31st, No, Corn was sold ut
6o@eec.
In August. more healthy and steady market
nrevai1ed. with more shippers aud fewer specu-
lntorx thnn in .)ulv-opcning on the 1st Mt SOC
f2c for No IN stOre-not VARYING more than
ga 4c during the entire month-and closing on
the 31st at 6h@6lc. During this month We had
the singular ANOMALY Of Corn selling 1Gc Shore
the price Of Spring Wheat. -:
In Sentember, operators began to realize the
truth of our predictions Of short crop, in u
hearv falfing of in the receipts, notwithstand-
ing the good prices which prevailed Qu the
lat inst. The market opened at 6Q@6e!c Tor No.
l, and under n good demand by Eastern starch
manufacturers, whose necessities were urgent,
it advanced to 75c on the 29th.
IN October the receipts of new Corn we're very
LIGHT. and The market daily advanced, fiji on the
18th t re.chcd 7oGsoc for No. in store. On
was received and sold at soc. On the l4th, .otJ
bushels new Corn was sold for shipment to
Buffalo at 50.c f. o. b.: and during the last half
Of tile month, upwards Of 150.0Uo bushels were
contracted for at 5nGtc,f o. b., to arrive before
the close Of navigation. About the 14th instant
TINT The Board of Trade had to adopt system
ofinspcction, and the Warehouses a.Teesl to
store it. and charge &C extra storage, it 1t re-
NAMED in store more than five days. Towards
the end Of the month the demand was so active
that new No. was sold ut 43Gl54c in store, kc-
jected 4sG lec. and Ear Coru 4SG t4?c per 5lbs.
The RECEIPTS Of old Corn during the close Of
the month were too light to attract the atten.
tion of shippers, aud No. l fell to 7ic.
About the beginning Of November the re.
ceipts nf new Corn were ycry larce-rauginr
from 10000 to 5o.10l bushes daily, ind the
market on the LIST reached its hcight-No. !
selling ut 81 @5oc, and gradually declining till
the end of the month, when shippers had to
withdraw on account of tie close Of navigation,
and No. sold At ssl lec- The receipts of car
Corn at the carly rurt OF the month were so
large that several OF our railroads had to stop
receiving it, as it arrived faster than it could be
hauled on the track Old Corn wus neglected
during the nnontl,-the receipts being very
triling-opeuiug on the 1st ut oG3asc, md
closing on the 50tll At 4sfc-
The close OF navigation and the consequent
withdrawal Of shippers in the early part ot De-
ceuber. rendered ,he market weak, and No.
Corn declined to 3G@3sc in storr. About the
10th, however, q fresh demand sprung up by
shippers by rail for the Boston, New York, Gin
cinnasi, Detroit and Pittsburgh markets, under
WHICH prices again rallied, and tue range from
that latc to the close Of the year, was 4e@5l5Ic
ia store or on track. The most of the corn
shipped during this month was in bags, but
soslle Of it was shipped in barrels to New York
aud Boston: During this month there was
much speculative inquiry for delivery on the
opening Of nayigation,~ and we understand that
u contract was made for l0o, 900 bushels, but
the terms have not been made public On the
t;th inst. cargo Of l;,eo0 bushels was sold for
delivery ut the opening Of the Canal 1T Acc a!loat
or A5c in storc. There were also numerous
buyers throughout the State, from Boston and
New York, who were milking purchases at .5c
per bushel in the car.
The following table shows the weekly prices
Of Corn Of alt grades in Chicago, and Of ''West-
eeky Prizes e fr7s in Chio.'o aa't ar'r Iurt !" 1s9
rEees OF Corn In Chicago. rae.s Of
Caa. { I:iv. Xo.i So.s New S'i1.aS Sfs'ff
.doas. In sto!s. in stor*. Corn. IN N:Y.
e IT.: ssss; + :; III