, 1874-01-15

CuAuHGus LILO ItEelPtu WGEo largo huQ bQlp.
meuta smaller than usual, whtlo, thcro was .
worry light demand for shipment to-day; buy
era saying that tho roce1,t speculative exotic
mont has carried tho market above tho point at
which they eau nfrord to ta1ie hold. Strangely
enough, however, caah wheat did not aooline 90
mitch as options, though few wantod 1t. Tho
abaouco Of d shipping domand gavo tue bears q
chance TO Jump on 1t, and rather heavy line OF
Indicating that good many operators had their
minds made up ~ to tho Issue. Yet the market
was unsottlod and fovorish most OF tho timo,
especially on tho February deal. Most OF tile
ins Vas largely On outside account. selior
February opened at $1.279&, declined to $12B5a6,
advanced to @1.26A, receded to s1.24s<, and
oloaod at $1.254. soller Maroh sold Of $1.27A
@1so g A.; esossipg at $12s Seller My s9Id *
solior tho month sold at 81 sl.2s1f@l.2o and cash
No. spring ut s1. 1.24@1. ASK, both closing NOM
inal at 81 :2ssl. No. spring was in good do
mnna On Canadian account chiefly at $1.26>5.
No, spring elosod nominal at 61.17, and re-
teotod do at sl.1o. Cash sales were reported OF
3,200 bu No. | spring at 1904 18,8o0 bu do at
m s99 5 m Su n No. = e MsPrng ps5t4 4 H IN 4 q st
2x % 1000 bu DO ;; It s13x ;cz &Soo o. Sa DO 10
at s1.24}]5; o40o bu do at sl.3{k; 10000 bu do
ut '91.241; $500 bu do at s1.24; II, GOO hu No.
spring at $1.17?1; 900 bu rejected spring Mt
Cornwas active ind 111Ho lower. Tho loclno
| seemed to be chiefly oaused by tho wenkness in
\ whoat, which made some holders anxious to soil,
| and induced large offerings for future delivery
| BY parties who thought tho recent advance was
sell short. Tho weight 81 offerings weaken ed
prices, but they wero liborAlly taken, tho rnther
largo short interest scizing the opportunity to
| I'LL in to a considerable oxtent. The receipts
outward moyo1nont, aud no buyers to-day for
shipment. sellor February opened nt Gl36o, do
clned to Clio. roso to G1Ho, recodod to 6016c,
and closed At ooAo: Seller March was vory
quiet at 1'4o above February soller May sold
sold 4 dc@67o. Seller the month, or
cash No. 2, aold at 50@G0o, closing at
| 5916o: New No. 2 and old rejected closed
at 55o. Now rejected closed with s1o bid.
$500 bu do at 55zlo; o,400 btu do ut at 591Sc; !;
$500 bu do at $40; 400 ba do at 500; $500 bt,
old Iojoctod at 65o; 1900 By now do ut $40; ;
2soo eu y! oao % "a, at 611So; 1900 bu do at 51o.
Oats were moro active, but were 1c lower. In
sympathy with wheat and corn, though un-
changed in New York. Our receipts were largcr,
! exceeding 30, 900 bu. which causod considerable
pressure to sell, especially "a tho domend was
chiefly to I'LL shortH for next months delivery.
Seller February opcnod at d31{c. and declined to
| 1870 ut the close. Cash No. sold at 42A@
4215o, closing dull as the inside. Seller May was
# e r s,eotoag esng At was ou AID st Sogs s
Cash Hales wero reported Of 5000 bu No. at
42}1o; 1a.000 bu do at 4211lo; 2,400 bu No.
white at 4215o; COO bu by sample Of 4515o; GOO
bu do at d5o; GOO bu do at i4c. Total. II, 200
bu.
Ryo waa in good demand mud steady, amid the
goncral weaknesB, all tho offerings being readily
taken up ut yeRtorday'e quotations. Sales were
reported OF 800 bu No. 2 at Sic 800 bu do at
e55e eq5&S b.. anu as00 0u a' f'sa''r a' NO. 0''''
Barley wns dull, and averaged shade oasior.
Receipts in tho Northwestern Elevator woro
nonainnllY ateady at s;l.G0 for No. 2, aud :1.40
domand whatever for No. 2, and little for No. 8,
at s1.24 for regular, and S125O1 2G for receipts
charged with lesa than winter storage. TO-
jeotod WAS quiet and steady ct $l:l6@1.l Y.
W.) Mt 81. 40; $500 bu do fresh at $l.20 1900
Blu do at 51.25 GOO bu regular at S1.24; 400
bu reiaoted at 91.17 1000 bu do at s1.1J; 400
bu DO at $1.l5 400 bu by sample at S1.40 400
1900 bu do at s1.so, delivered. Total, 14,a06
EUROPEAN MARKETS,
The following advicoB woro received on
Change to-day, In addition to those given In our
JAN. M.-London-cargoc OF coast steady. Corn
Arm: cargoes on passage, both wheat and corn
po. for shipmsnt in Fe6ruary and MaroR 5osssss g.
iy,,crnoo-whsst atcaay =! e. Corn strong Farnera
pors nte Tated 3. roas to
ars Wheat, 2o5.ooo fo 2loooo qrs, Corn, COD to
EirsaE EIondon-oarsoe. on passage. Corn brisk
er. american mixed corn for ehipnont in February
and March, 3os 0d@4os. Mark Lsne-oorn, 1seals I'd
acarer+
TIE COAL TRADE.
The Miners Journal aays: "Tlo supply Of
all kinda to the, 1st Of January, aa far % wo
against Il, ia Isl tons to corresponding 1 Weot
Inst year. 1ncrea6e, 1856, ,097 tons. Of Which
8G1. .012 toms is anthracite and $40 725 btuminous.
There is nothing new to note in tho trade, and
It is confined principally to the winter trado on
the line and tho cities roached by tho cars.
"TAo feeling seems to bo yery strong among
the mon not to submit to the proposition Of
tho operators for basis for tho present yoar.
In not a Biugle division would thoy listen to a
! several divisions thcy yotol for q higher
minimum basis. It Is for those reaaons that
VIC bolieye thoy will adhere to tho minimum baaia
Of $2.60 for contract work and S2.76 for day
work. ThoY state that IL tho minimum had boen
placed ut 81 rs last year, tho price OF ooal would
have gone down to that figure, and probably
lower, and would not have averaged over that
aum: which would havo beou . loss to tho coun-
y Of 25 M eeats M ton, Or upwards of 81 $780, 600
produced in this region in 1878, ono.third Of
which would come of OF labor. II thoy agroo
to reduction this year, and if the trado should
opon dull IN the spring, as it generally doos the
"Duaness has boon greatly paralyzod since
October last. and tho iron trade, which is Ito
great consumer Of coal fell Of III 1878 in several
branches OF manufactures. In pigs it Is osti-
mated that tho falling OF in production, will bo
about 200, 900 tons, and rails probably to tho
ssmo extent. As pigs sold at tsa5.00 a ton IN
nccenbor, 1879, and wero quoted ut $G1.00 last
month, and rails aold at $500 por ton In Do
eember, 1872 and proportionato fall in othor iron
manufactures, thero IL evory roaaon to believe
that there will bo an increase Of manufactures
of all kinds in 1874 at theao reduced rates.
except, probably, in rails; and ovon In this
branch thero mny not bo any decrease In homo
production, since tho Importation OF foreign rails
has SO largely iuoronsed. But, Notwithstanding
tho great depression that has existed, wo SOC ov-
idenoo eyorywhcre Of change for tho bcttor,
and many Of tho factories Tint wero standing
idlo hro resunllng again. There docs not appear
to be large ovorstools OF goods Of any kind,
and It is supposed that tho spring trade will DO
equal to that OF last year, IL not bettor, il Con-
grosa does not pass somo destructive measure
looking towards q resumption Of specie
payments by. diminishing tho volume Of cur
roney! already too limltod for tic business
OF The country, which wo harlly think tlley will,
uulouH it III d0ne in dofauco Of tho erureBsoi