, 1874-12-13

| ~~+N11 4NoAsss oaooo "to~s ~t''
The exports from New York during tho past
week include q, 500 brls flour, 478.00o blu wheat,
and 17C,s55 bu corn; which is large increase IL
| flour and wheat.
| The action of the Doncd Of Trade On Friday in
referring their rules to committee for revision,
| said Committee to act under legal advice, WAS
| wiBo one. It is true that the Committee has an
| arduous task before it, involving no less
| paradox than tho ads7ce given . 10" years ago
10 n member Of the Bosrd. then in difficulties
| "1ou should pay everybody that you owe cent to,
| but you must protect YOURSELF" The COMMITTEES
| is informally charged with tho duty OF prevent
ing corners being run By buyers, and vet to so
| framo rules as that those ru!e8 will not give
| more protection to ono class oG tsaders than to
| another class.
| The most sensible course to take in the matter
is to royise tho rules, ii they need reylslon IL
| that respect, as to require OF ma1nberd VINO
| fail to fulil their contracts just What III re-
| quircd by the common law, and nothing moro.
| II the Board OF Trade can provide Tor the Eetto-
| nannt OF disputed or unfulh!led contracts. on tho
basis OF the common law, without the delay aud
| the great EXPENSES besides those which ara Incl
dent to that delay, attendant On tho sottcment Of
civil cases III the courts, it will furnish 40 lnvau
able aid to tho commerce OF the Northwest. Il
| it cannot do this. then any moro tinKcring with
| the rules had better be Let alone.
| We present the following aR tie principal
/ points which it il desirable to canvass:
| L Should tho commission merchant in this
| city be required to do more than the Law will en-
| abIo him t. force his principal to do: Ought
| the man VINO buys aud sells IN Chicago to the
order OF parties who are outside the Jurisdiction
! Of the Boald Of Trade to be placed II tbs false
| position OF being obliged to pay fictitious dam-
ages when the law permits tho party for whom
he il doing busne$s to ovade the responsibility,
without passing through the bankruptcy court?
| 2. Can any fair rule be framed, permitting the
seller to default his contract, without ut the
same time providing tbnt the buyer may refuse
to receive property rendered to him. on tho
| ground that prices have been arridcially de-
| pressed to his injury?
8. How far should the price OF grain, &c.. in
i New York on given day be accepted in avidence
as to the value of tbs property i'll Chicago at the
| same time?
4. When this market is above New York (rel-
ativeIy) as it generally is, who shall decide how
| much Of the ditferouce III due to natural buoyan-
| cy here, and how much to the coruer1ng process?
| S. II the measure Of the last-uaned quantity
eau be found, who shall decide how much OF
that is due to the cornerers, and how much to
the fact TINT the shorts have run the market up
OH themselves? And would it te fnr. or not, to
give to the short seller the benefit of both parts
OF the fictitious advance?
II these difficulties can be met the rules would
probably not be open to very serious objection.
The returns OF hog-packtng 70 dato IN this
city arc 76l, 755 head, against 790,197 for the
same time year ago: The Cincinnati. Prlce-
Current has returns from thirty-hv country
points, making ID aggregate ct 465, ia head
packed to date, against 334 BAG for last year.
The decrease in weight averages tbs. This is
probably very much less Of decrease than the
fact, as many Of those points are near Cincin-
nati in good district. Kansas City is said to
show an average decrease OF 80 TBS per hog !; and
most Of the hogs that come from the grasshop-
per regions show the 1esul: Of poor feeding in
very light weight. The Prics- Current estimates
the total packing Of tho West to date at 2,8l0.-
0O0 hogs.
TIE stock OF pork in this city is reported to be
$4,000 brls.
TIE leading produce markets were rather slow
to-day, with an easier feeling in hogs and hog
products. wheat. and barley, and Il tirmer tons
ia most other departments. The receipts con-
tnuo moderate for the season, being really
small for fine weather, but are fully equal to the
demand, which is light all round. There wcs
very little inquiry to-day for anything for ship
ment-
Dry goods we're moving With sono freedom.
ana we're steady in price. Local retailers. who
business were liberal purchasers, and the
amount Of orders received from tho interior WAS
also large for this time Of the yenr. The grocery
market presented fair degree Of activity both
in the staple and fancy goods departments and
the tone Of the market WAS steady and
firm. No quotable changes were not
ed Butter WAS in moderate demand,
and was again quoted easy. Cheese remains
steady and firm at 14@l5c for primo factory. III
the dried-fruit market tho changes wero not I'M
active demand while the movement III domes-
tics was again reported elack. All varieties
firm. Canned goods arc receiving more utten-
tion than heretofore, but the market still lachs
that degree of activity that usually characte1zes
it at this stage Of the season. Fish remain .tull.
In the coal. wood, pig-lron, aud leather markets
no new features were developed. Oils were in
demand at about previous quotations.. An casi-
er feeling in lard oil was apparent, but other
lines were held at fully former rates.
Lumber was quiet and steady. The aggregatepf
sales is not heavy. though for December probably
equal to expectations. The iron, metal, and nail
markets were unchanged in their general features.
Trade in either was up to tho average. Broom
corn is firm under continued good demand.
Seve1a large orders have been received from the
Last within few days, which have caused sell-
ors to atilfen prices for common and medium
grades. Thestock stored here appro1imates 2, 300
tons, and there is some corn scattered through
the country, but most OF it has gone out Of
growers hands. Wool retains its firmuess,
under moderately fair demand and Light offer
ings. Seeds we're very quiet, but to1orably
steady, with the exception, perhaps, Of timothy,
the stock OF which is supposed to be hoayy.
Hag, hops, and hides we're unchanged Green
fruits we're selling slowly, Southern oranges be-.
ing higher. Potatoes wero fine, especially choice
varieties Eggs, poultry, and game where fresh
and in good condition, sold more readily to the
local trade at shade better prices.
Provisions.
HOG PRODUCTS-Nera less active and rather
weak in sympathy with slight reduction in the price
Of hoKB The speculative articles the weakest,
and the business done chiefly consisted III turning
over option lots from one mouth to another, there