, 1874-02-14

Wheat was active and weak, declining Ac Der
bu from the lowest price Of yesterday, the differ
pool was reported Sd per 100 lbs lower, equal to
an advance Of DC in currency per By. and New
York followed snit, THIS fact, with liberal re-
ceipts, threw the market into tho hands Of the
short sellers, aud they improved the advantage,
some of them going still further short as though
they thought tue thing would never stop, while
others of them filled IN their contracts as good
round profit The trading was principally be-
tween these two classes, although several hold
ers of property were more anxious to sell out.
and thus aided the prevailing weakness 4 good
many OF our operators are inclined to think that
Great Britain does not care to take our wheat
this wnterat present prices though that country
may be glad to take all we have to spare
before the next harvest. English dealers laro
the grain '4in sight. and think they can get it at
their own prices by holding off. It is probably
only question OF relative strength between
tlose who must sell on this side and those who
must buy on that. At present the buyers have
the advantage There was very little shipping
demand to-day. but the speculative demand took
hold so freely at the decline as to cause d re-
nction in the latter part Of the session, which
was again checked by the further weakness re-
ported from New York at o'clock. We note
that the further drop caused rather extensive
calling Of margins between dealers. and also 4
contraction OF quotations on loans on wheat re-
ceipts. Seller March opened before 10 o'clock
at S1.20, and declined to 51.1835. On tho floor
it opened at e1.I914, recedcd to sl.l955, rose
to sl.1915, dropped to S1.182SS, improved to
s1.191@G, and closed easier at s1.1Ss4. Cash No. 2
closing at 81. l776 Seller April sold on 'Chanso,
at s1.21 @1. o. closing at $1,21A. No. spring
WAS in fair demand at 81. 1.1o15G9l 20, the outaide
for Northwestern receipts No. Q spring closed
at ,s1.l3H, and rejected do at e1.07}}4. Cash
s1.2o; 500 bu do at 51.1y1z; 1900 bu No. i
Northwestern at s1.2o; 5000 bu No. 2 spring at
S1.15; 1900 bu do ut $1.1725; 1920 bu do at
sl.1754; 1900 bu do at si.il71l; G.o0o bu do At
s1.17A; 5000 bu do ut s1.1711; 10, GOO bu do At
at s1.ls5l; 1000 bu do Of sl.1s1I; 500 bu ro-
jected spring at S1.0711 400 bg1 white winter at
S1.2G delivered. Total. III, 800 bu
Corn ~ns more active, and averaged &c lower
than yesterday: The supply for the tiay YVES
large, 208 cars being inspected inthe morning,
and Liverpool was reported 1s per $50 lbs lower.
Tho quotation to-day Was 33s Cd, which is drop
OF IS cd per quarter from the price Of two O,
three weeks ago. OF course, New York was "oI ,
but there were several facts which tended to
prevent any material decline. In tho first place,
tunity to ill in. Then the present unprecedented
weather not only threatens to reduce supplies.
by making the country roads too soft to bear i
wagon, but also to give us unusually earlY
opening OF the season OF navigation. Added to
this is the fact that considerable proportion of
the corn now coming in is new, and cannot bo
delivered on contracts for tho speculative grade,
These things caused considerable confidence and
octiyity. Seller Mnrch opened at Sic, advanced to
5744c declined to 5G5Sc, and closed at 56Ic. Seller
tho month, or cash No. (old), sold at 56@5GLzc,
closing at 5G14c. Seller May sold at 62@6ol5c.
New No. 2 closed at 52115c, old rejected ut Sc
and new do at 47c. CASH sales were reported Of
|, 800 bu No. old at G615c; 10000 ou do at
5GGc; =, 200 pu do at 5615c; $500 bu do ut
5G}sc; $500 bu do at 56c; 400 bu do, new, at
6311c; l,G00 pu do at 521lc; 400 bu do at 52tlc;
2 .4Uo bu rejected, old, at 5211c; 1000 bu do at
62Ac; 1,600 bu do at SIC; 400 bu do, new, at
47Hc; l,C00 bu do at 47e. Total S. 900 bu.
decline. The market opened with / very weak
feeling On tho part of holders in SYMPATHY with
the decline in wheat and corn, but buyeIs took ]
hold little after Ia o'clock, when oats were re-
ported firm in Now York, and the market con-
tlnued strong, though the later kilograms from
the East told different story. Seller March
opened ct axe, aud advanced to 4231c at the ]
close. Seller april WAS nominal at 43@43!@c, |
aud seller May VAS quiet at 4GAO47c. Cash |
oats closed ut 4215c. Cash sales we're reported
of 600 bn No. at 421{c; 5000 bu do at 4a]sc:
lo. QUO bu do at 42c; 2 4U0 bu do at 4151c 200
bu rejected = 39c; GOO bu white BIZ sample, at |
51c on track; GOD bu xhito at 47c on track. |
Total q, 900 bu.
Rye was quiet and firm, with fair demand in |
proportion to the small receipts bein. wanted |
vas no regular No. on the market; it ,yns
quoted firm at 601Ec. Salcs were reported of I
2, 600 bu fresh receipts OF No. at s3c, and 40 |
bu do ut 925zc. Buyers held OF early, in viow !
II the weakness IN other grain, but ultimately !