, 1875-09-05

ooth producers and consuuery Al regsrda oontraets
aont re- gee how they viii b effected, unless, per:
OF The much larger quantity Of, corn that will here in
the winter months in case the grade pet!tio1ed
II the petition for the change in rules Is granted
there viii certainly be less corn ayaab'e for dc.
Tssy y,., On contracts M calling TOT No. corn seller the
Seas whist tho receipts in the winter Of the lower
grade will be largely IN Of what they vii be Il
| present rules ren,ain in force.
Of from the time of newly hsryested cro5 unttl
the ?oth day Of April Of each rear, number sata-
eentIy d grsat # IL would see to tho trade
nearly twice as different grades there should
b. and yet they do NOT meet the requirements Of the
ne" white corn, yellow. und new yellow, high mixed
and new high mixed, No. ], aud new No. /, No md
.s, neT No. TO- 2 ETC., &C. The raes az. - No: corn
No. T. The rules read corn m sn.Ii i b. dry. ~.
reasonably e e,saa m but not plump enough for No and
are construed as 10 require that tbs eondton % and
to those not called new, distinction being ada how
ever, 90 to the time year OF the grains growth.
What the need OF ouch distinction II corn i good
enough for No: 1, Why not call itSo. II? II good
enough for No. why not classify it, without ref
erence to the time and place Of i's growth
tho fsct that ths conmitteo Coz Of Appeals hs7e been
called upon to decide uponth age Of oorn when thera
was no question or doubt IS to its vnlas, condition,
1t may also be mentioned that the present rules pro-
vide for grade te!ow No. 2, having two denozntnA-
tions, viz. rejected and rejected The enc IN
cludes all damp dirty. and otherwise badly damaged
corn y ths other includes the kind of corr but
Of later growth. Truly nice distinction without any
The first change in the rules petsioned for II that
the present distinction made between Of the
quality but Of different years. growth be discontinued.
50 that corn may be inspected upon its merits and
classified accordingly. II ta sufficiently dy and
sean to sft W 6e e Of No. sa No.
such change will affect outstanding contracts that
can BE- satisfied By the delivery at either No. Or new
No. Z corn?
The second change asked for is tho establishment Of
grade to be denomuated mixed corn, and to in
clude neither No. rejected, but corn Of an
intermediate quality and cond:ion-that which shall
unsrfe hold into The heating SEASON. viii keep un6l
after the opening Of lake navigation In the spring,
when It can be shipped and go Into consumption, for
which It will be nearly as good ~ No. 2, and much
better thnn rejected, corn
The present rules went into effect last winter and
commission merchants doing receiv3 NJ business a.
well those who sold for future delivery agree that
the result WIS most injuroua to their business Corn
that was clean. bright, and handsome in appearance
md only tribe less dry than No. Z, condemned
by the rules Of inspection damp, dirty, other
wise badly damaged" mud denominated rejected
thoughtful that thero should Be ru1e that vii allow
winter sheled that ts 5rasotadoiy dry and well
cleaned etc, to be keps separate from that which is
grading corn done last winter Ia to forca those
chipping new corn this market to accept Tor The
great bulk Of 1t the pEice that buyers may 1t
badly damaged" and the real result viii
be The diversion Of grain from this to other
points. To establish the grade Of mixed corn
will be to allow the country shippers the sale OF
their upon its erits and then will follow laEga
arrivals here during the winter months. II there
class to be injured by the proposed change in tbs
inspection rates. il the specuators who bulls
the market have bought saller the year, antci
AV nf fhufE ind
lion that calculated to drive grain from this MARKET
and make our receipts as small as possible. In my
opinion this is not question to be decided IS between
II, a matter % in 1hscs R'n ths bankeis M nonss eT
chants, ship-owners, real-estate men, and others
Interested in the prosperity Of the tzade and COM
nerce OF Chicago are deeply concerned and they have
such rules and 1egulaons regarding enforced State
inspection that drives grain dcn this to competing
markets. GRA1s REcK1vxD.
PROVISIONS.
HOG PRoD0CTS-We1e in fair demand, with
because the receipts Of hogs very light though
he report Of liberal shipments during the past week,
specially Of lard and ueats while the remission In
umaer cutting throws the demand back upon winter
roduot eausinga rather rapid decrease Of stocks
q sto1u- It is generally expected that the
tateuent Of ten days' hence will show COM
a1attTe1y light stocks to be drawn upon before the
uppIy OF next winter is avalIable II Is thought TINT
err little cutting will be done during this month,
arly because the faznsrswill keep back the hogs
titan them un cheap corn. aud partly because tho
sckers want 10 hold of In the hope Of forcing de-
ine to what they think safe figures 1t which to
pen the packing season.