, 1873-12-29

sion with nearly ompty. bins, both l,ore and nt
5,0nO000 to 0,0QA}000 bit. With Htch good
prospect pricos cau acarcoly ho other tlnn iirn,
kct. sThis, With por cont Inc ineronso G i, tio
crop, making Il total Of 2oo,Oo0,OoD b, far tho
wolo Uuitod States, will put mouoy In lilo
prrac Of tho farming community.
COIN.
The corn market for the payt yoar l,as buon
recopts Of 1a72 wore tho largost ovor known, be-
Ing A. a6e 087 hu against Al, 1858 1Na lu in 1871.
Hence prices doclinc materially, the average OF
1872 bo1ilE only about per BIZ. But In 1879,
cont III tho aggregate volume Of receipts A,d
shipments, and I'LL acknowledged Bliort crop to
supply tho demand Of 1874. which shortage waH
known oarly IN tllo yoar, prices l,nyo ruled evon
%9 rRo da for n No. @ soen opse s1p 4 abo I o
declined to 31o II, tho lattor part of Jnnunry
rose to 1890 III the fuillo IF Nfnrch rcccdel to
20i6o Rt tho onfl Of the north; advanced to
Of Continuous Ind weather for planting; d.
bettor weather; roso to io15o Mt tho close
Of May, ~ tho aroa planted m to TINT tiino was
found to be smaller tllan usual; foil to 800 near
cora aB hot" and tho fear that nost Of 1t waa
ont OF condition; recovered to 361 III tho first
woek in Jnly, aud then ranged between :l5 and
9s6c ill tic middle Of August, whell tho fact Of
431lc in tho middle Of scptember Then oan,o,
the pantc which sent the market down to 83c,
from which point 1t roso to 992 {c In tho curly
pnrt Of October; went down to 83c tho first wneli
atnnreney, n: III tie % demand from Now England England
after tho panic Ind fallen ofr, und advanced to
471l(o by tho ond Of the month, owing to tho
fact Of very ANAL receipts on n light stock in
store. Ihe market tl.en foil off to 44l1c, mud
nf1uo III, m al fn IN, and
olosod on the 9th OF December ut about 5G14c.
The statistics Of the Department OF Agrtcu[-
ture gave yield for the whole Of tho United
States Of about ,oo1 ,0oooo bu in 1872. ayainst
oxtont Of 2s3. 600, 600 bl, or 81 per cent. Tho
dip,inution in Illinois, tho great corn producing
Stato in the Union, was evcn groater than this,
tllo yield being cit 10000 BIZ in 1872 asailst
1882 600 200 in 1878. or 4U per cont loss for lust
year. 10 this must 10 a,lsled tho fact that
considerable proportion Of the last crop ia Of too
poor quality to export. and not good for too
much for faetng at homo. Tho NATURAL effect
Of this fact should have beon n 1naterlnl advance
III tho average Of prices, eyen in Bpite Of tho
panic, especially AZ that WAS offset by tho excite
lnent Of IN anticipated Spanish war.
There wore, however, strong reasons for low
prices during tho groater part Of the, year, aud
they prevailed First, the bcars refused to belieyo
tho carly crios Of short crop, claiming that tho
cry iB always raised by tho farmers about plant
ing-timo, eyon III tho bcat Of years. Second, it
WIS urged that partial failure would bo eo1n-
pensated by greater economy on the farrn, loav
plus usually kept in the country as reaorye.
Thirdly, sAoro wins the icar Of keeping 1t dur
ing gront part of the, damp summon, lest it
oSse aSss spo 10 on uas ' nasoas nas ta S5 a5s nf
rid Of 1t for what it. would fetch.
BY the time this was we'll over tho panio came,
aud holders wero then obliged to sell for what
thoy could got, without refarence to the anticl-
Ftnt