, 1861-01-01

CORN,

1HE apuuoAuEe u Lue ylelu ol tue Nolu c1uP
OF 1853 cannot be attested By any better CYL
dence than the receipts at Chicago during the
pest year, which foot up 15,437, 900 bushels,
against only 5, 400, 600 bushels In 1859. OF this
amount, too, only about half million bushels
came from the roads leading through Northern
good In the latter sections Of the country, the
receipts would probably hare reached twenty
mt11fopa-
Tue trade in Corn does not usually COM
mencc till the opening OF navigation but the
past year WIS nm exception During the
months Of January, Februny and March, there
railroad to Montreal, Boston. New York, Phil
adelphla, Reading, Pittsburgh, Cincinnati; and
to numerous other points both North, East
and South. Almost the entire country, except
illinois, seemed to be destitute Of Corn, and
It was our province to supply the deficiency.
There was also during ths first three mouths
Of the year an active speculative demand,
which tended to give the market an air Of ac-
tiv1ty never before known duling my cores
ponding period In January, No. Corn was
sold at = range Of 4GG 52c in store. In FebEu-
arg the tending WIS rnthcr downward, owing
/ varied between 4111t@46c. On the sth
Of March the Illinois g. Michigan Canal was
opened, aud Canal aud Illinois River Corn was
sold at 42I50c aloat During the previous
two months, however, contEucts were reported
to the amount Of about 0QO00 bushels, for
delivery from the opening Of the Canal to the
Latter AoH Of May, at range of 50G55hc
ailoat. Some contracts were also made carly
in March at 49c ahoat; but nfter the opening
oi the Canal, there were no buyers at anything
ike those figures. During the entire month
Of March the market slowly but gradually de-
ee!ined. closing on the Slst at 42tl@43c for
No. ! in store.
Early in April, heavy orders were received
for shipment by Lake, in view Of an carly
opening OF: navigation, and the course Of the
market was strongly. upwnrd. During tho
drst week, prices of No. Corn ranged from
AZ: 43c, but it steadily advanced till on the
River at A@60c afloat. During the entire year
this was the highest price reached; aud on
the 3pth the market closed 1t decline from
those figures Of 3{1+c per bushc]. Low water
Oh the Illinois River restricted receipts by the
Canal, but the supply By railroads was good.
In May the market was active, but the re-
ceipts continuing to increase, and the stocks
along the line Of the leading railroads, md On
the Illinois River being reported very heavy,
the market kept dcclining-No. l selling on
the 3tst at 46ttlc in store, . depreciation of
Owing to this decline the receipts during
the carly part Of June fell Oft considerably,
aud tho downward tendency in the market
WAS checked. Favorable news, too, being re-
ceivcd from Europe, the market became buoy
ant, :and On the 18th, Corn reached size
From this date to nearly the close of the
shipping and fair speculative inquiry. and the
market was steady aud firm. The prospect,
however, Of higher frci1hts checked the de.
'nand at the close, and No. fell to 47e.
III July tho market opened with stock on
hand Of about 2,00o,oo bushels. This, with
daily Increasing receipts und the prospect
Of high frcights as soon rs the new crop of
wheat was harvested and ready for market-all
tended to show spectators aud shippers that
there was very little probability of the usual
Improvement in prices during August. Sep
ulatye demand, therefore ALMOST entirely
ceased, and the market steadily declined till
No fell on the 18th to 41c-after which ship
ntents became yerr activc-iu one week
amounting to upwards S00, 900 bushels. On the
alst No { corn has sold ut 4111<G24las4c, and
canal and river at 43@l4Gc.
rates were high, under which the market rap
idly gave way NO. selling on the 21st ut 32oc;;
but on the 28.h the stock wAs found to be only
100000 bushels, and the receipts being liglt
the market became slightly lrmer, and closed
on ths slst At 36ii23sc for No. in store
the news from Europe quite favorable. This
tended to strengthen the market; but the i'm
proyement WIS restricted By advanced rites Of
freight-No l selling at 391954oc on the
a9tI.
On the 1st Of October the stock on hand was
6o0, 900 bushels, and the market opened firm
aud Kept advancing till the 9th, when No.
w:,s sold ut 43c; but Immediately af1cr thia
date frejghts ndvnnced 10611c, aud the dc
mand almost Immediately fell Of, when the
market became dull and heavy, aud closed On
the 3lst at Sic for No 2 canal afloat- On the
9th Of October new corn WIS received md sold
at S5@SIc on track, aud as the month advanced
tho receipts increased selling freely on the
30th at 2Se in store.
In November the demand WAS very light and
tllc market was dull and neslcctcd-No
opening at IS to 3Gc, and closing on the 9th
at 20c. The receipts Of new corn during thi:
month were liberal, and several small cargoes
were shipped-salea ranging from o79lS3c IL
| store.
In December the receipts consisted mainly
! Of tho new crop, which was inspected intt
three gradcs,-"Ye1low," "siixcd'' and "Re
| irctcd.n At the commencement Of the month
yellow corn was sold as low rs a7c, and mi1ci
| nt nc in store; but under 4 more active spec
| unsiyc inquiry, as well asa limited demand fo
shipment, the market gradually improved
closing on the 24th at so @31c for mixed.
! The following table shows the weekly price
| Of corn Of all grades In Chicago, and Of "Wcst
ern Mixed" ia New York, during the yea
lsG0:
1rstky Erieesc Of Corn In Chicago and Ss,o Fork /,
I.