, 1875-06-04

The leading rroduce maskels we're wttety divergent
yesterday, gruin botng strong while provisions wero
unusually wsak. Tho strength in grsu was, however,
entirely speculative shtppern refused to operate At
the pr,ccs demanded Ivy re,iers. Aencstae forwarding
Of produce to ths East seens to hars oncs tnoru
rcaChnl tho deadlock r,aAs ln which the grain nc
ciMulatea under receipts which fur exceed tho volume
Of sLpu1pn1. Tho situation Ia whpat II sajoci.l l!y
awkward. AZ Indicated in cur list hsuo, The market
Ia beg forced up Above tho point 1t which II IL safe
to ship. The furtAoF advances yesterday induced tho
ea1s Of $4,000 bu which had been bought to ship
but thp ho!darx found It more prnntaba 10
tell It to to handed round from cue
spcenlator to another instead Of Icing placed where
1t would "do tho nlost good" or cnurse, tho COMO.
nuento o5 tht Is Anoshes break the grain cannot be
held hero forever. It must 10 moved nomettme, and
tic longer acou1nulass tho bigger will be tho load
10 get rid of and tia e6s tbs oand lor 1t; tho old
whuat will And competitor In tho now In about two
mouths from data 1t IL true that stocks not
Iikply to accumulate fast ln the futuro al soma
think. good d II Of wheat II going to ST. Louis
from tho Upper Mississippi ownR, and tho receipts at
Milwaukee increasing, wIilo falling OF.
Tls holders Of wheat in Milwaukee had tho good
eenss to asll at current prices for shipment, two
UT thrca wocka ago, and laro thus reduced
their stocks much that they now afford 10 take
stroug asttso and pay 81 per bu moro than II paid
In Chicago. That draws tho grain thithcrward, and
redutbi reccipta. Tito speculative mania Ia thus
UiEf0tluk III H&104 AuA lAIW&uAEc
ts sustaining Chicago priccs for once There will bo
thls important differences however, when tho reaction
doea como: Tue hhriukzge will be large quantity
here, and on only small qusntlsy there,
It may seem an unfostuuste thing that We should
haye 20 much wheat oa laul near the coming hRr-
ycss but Il would 10 asul uniortunats for ths
West II 1t had no grain on huud. There u btg sur
plusago over tho present wsnsa Of consumers, and
somebody must caEry Il over till 1t II want
cd, ThGro need 10 uo fear tAAt such tins
Will net indeed, the difficulty will probably bs
got rid Of within Tho ne1t twelve 1uouha. There u
good reason to believe that The yielI OF the United
State4 In la75 will 10 much below tho rceont a.erage
This stuntss Of the spring In soo sections snd tia
relatively low psico OF wheat In Ill., tended to reduce
tho breadth seeded, while tho raysges Of usccts otc,
hayo resulted 10 1oAntsnB large trAcs Of whra snd
with corn aud grasses, tbs crops Of corn and oats
will w laEKe EsIoclay It the wheat crop III Europe
ahould turn out not to Ia gui.e good expected
We shall have mono too much WHEAT for the supply Of
the next Twelve months. Hu. 1t II not wanted for
consumption, except 1t low prices, snd mutt " soll
At low figures held OVER until tho demand II more
urgdnt than now,
| Tho dry goods market prtacnted no features INA.
terlaJ diGt1cnt from thoas prevalent tbs tfccsn8
days OF Tie week. Quiet sgan pssysdcd nost dspsst-
| menn md tho Tenor It prices wAs only fairly urn,
0Eoces4ss wers In good request 1t former quotauus
NO pf1ca-eAAhgts Nsso noted, but thsre was some
ming u IA advancing tendency In sugars, which ara
meeting with stsaoliy yuc1css,u9 dn1nand. Prices Of
butter and eheesa were ss,y. under light demand
aud !ncFsassn0 aurtlss In the sh ms, ket the sua~
ton wts unchlnX~l. Ds,~d sruIts wess reasonably
srtlye, With taf~s l1ta stsadily h4ld Ra!slua aud
cufrauts wurs quoted un." CsnL.d goods soutipus
In active kelleat. Tia 1 ,sf1st va quosAd fairly
Active, With extra lard sad es9tnu sal!Eg sh.s ow
Or. 1agglnR wa quiet Aad Unchanged tA1 md
wood sold II former Iatts.
llLu.abcr wsa ateady under f.!r demand. rh4 df
. I tGFlfkH kt tho durtR no f1tt
rather quiet but without elAuge IL Er1tts, .s4 ~.
pate which has decl!vd 10 VI u l4f ks1, 10 e4ns4
quence of the weakness Eas., ufoJt, ctn WA ,atL.
quiet, bit nrm1y huld At the reee,t Adranss. E&.,
wase selling IN small lots Gully tho eurrsnt trhea
Hops, woel, and hides wsrs unchanged. Hay via s;u
Aad casy, especially timothy shs yof which
III szcosa Of ths requirements uf ths trade Foato:
wuf* dull aud shade lovur. Tbs supply Ma htsra
lad huyeEs generally ware out u tbs MARKET pou.ss
Wa pausisul aud weak 0ssea fsdts sold n ol
n prtcAs.
toseting Of ths unrrtfsrssd creditors Of q. r
constoes vaa he'd Yesterday anoruins, sgd eontul