, 1861-01-01

favorable weather for the cropin England, and
on the other hand by. the sudden advance in
frcights which TOOK place During the first
week tho Enzkct WIS buoyant md No. 3spring
advanced to 94c but under . heavy supply
aud high freights, the market during the next
bushel-No.2 9 spring selling on The 2lst ut 1oc:
This WIS followed BY % sudden teaction-for
under additional intelligence from Europe and
m improvement In New York, the market ID
vaaccd 191<@9oc, from the ed to the 31st
30 spring selling at S4f So{Rmsnts 1oiRR 9.aad
The market during September, WIS particu-
larly sensitive Almost every day saw change
In prlccs-and often prices varied very matetd-
ally two or three times In one day. For In
stance, on the 5th Inst: three foreign steamers
were telcgraphed, ind their effect may be seen
by the following paragraph which appeared In
this paper On the dsy following:
'Thc wheat market 5esterday waa subjcctto quite
ascrles Of fluctuations. Under the influence OF
s1a1esa H. e H.
ceded and was dull ut SIC for No. . Later, anoth-
CT steamer VIA tclesEaphed; and wheat as1in Psi
dspstehes s saH q tha II
The s b, were rceeircd with unfavo1ab1e tnteNi-
gcEce, and the market became instantly 6at and
stsa'"'e''A's stors,'' VIII s4''' ~ S % '' - !
From the 9Th to the 10Th inst. the market
was again buoyant, aud No. spring WAS run
up to 15kc and No. i to 935<c-whlch was the.
highest point reached after the old crop had
given out But on the 1th inst. the Bohemian
reported =" favorable weather." and decline
instantly took place Of 7@se-which being fol-
lowed BY the intelligence that, after III, IN ave-
rage crop wonld be harvested In England,
there was another depreciation Of 811Oc q bu
No. 2 spring selling on the 18th at T}e-n dc
cline In eight day Of si1ccn cents I! bushcl- a
FAnv$ Ior1 anHn
slight improvement in prices; but both specu-
lators aud shippers wsre timid, and there sccm-
Cd to be but little stability in the market.
During the month ofSeptcmbcr new grade
of wheat, called t4No1thwestern Club" Was
established BY the Board Of Trade; It was
specially dcsis isncd to make this market attrac-
tive for the bright and clear spring and club
wheats which arc rsised in Minnesota and
Northern 1owo1nd Wisconsin The establish
mcnt of this grade proved most complete
success, for not only did 1t draw large 4uanti-
tics Of wheat from the regions named, but the
prices ranging from 3@4c abovc those Of No. I
spring. .-.-
slowly but steadily downwards. The heavy
receipts Of August and September, and the
want OF sufficient tonnage to carry 1t east, had
1,187,00 bushels were reported In store.
With such stock, and frcights daily adranc-
ing, both on the hikes and On the Erie Canal,
shippers showed but little anxiety to operate
1t The ruling prices On thei ed No. :
Spring VAS sold at SIC, and the market gradu-
ally declined till the 3oth, when 1t fell to Soc.
The market in November continued to
tend downward, During the first week
there was considerable activity at SolSlc for
No. . Spring, and s2@sSc for No. Spring
but during the balance Of the month the
gloomy prospect for through shipments, ns
well as the political panic which prevailed all
orcr the country, depressed the market, and
prices fell to 73c OIL the 27th--a decline on
tho month Of 7@8c.
Owing to the oppressed condition Of none
tary afEizs in New York, in the carly part Of
December, all kinds of breadstufs werc dull
and heavy, and tie wheat market during the
trst week declined rapidIy-No. Spring sell
iug on the 7th at 66c. From this date to the
middle OF thc,month; the market WIS firm and
au improvement Of 1I2c took place; but un-
der an improved state Of affairs in New York,
aud an active inquiry By short-scllcEs and par
ties who were holding till next spr.ng-the
market BECAME buoyant, and No. Spring i'd
yauced to Sem lmpro vemcnt of siz4ecn cents
between the 7th mad the 22d lnstants.
The following table shows the weekly prices
of spring wheat during the past year, with the
weekly prices Of Chicago spring in New York:
1Esssly Prleesof Spring, Entat in Chicago and Seu
$rH