, 1875-01-01

In 1874 tho average wks 46c. Tho n1arkDt
oponed At 9994c. and advanced to A4c In
the middle OF January; thon ranged from II
6E4ic I'LL tho eud of March; improved 10 4sslc
IN the latter part Of May, varied from 42,4e q
d7tic thence till Tho middle Of July. advanced to
85o at t4o close Of that month. under the e1cite
ruent Of tho Adnms cornnr. fell back to 37l5c
and advanced to 45c in tho latter part Of August,
touched 53tsc tho last week in September. wont
back Ia 46o III tho middle OF Octooor and rose
to 551t &c tn Noveuber. thou ranged nt 52@54c
during December. clositg Mt 32sse.
THE oAT Cnor 0r 1871
was SO good In quality that lirst-cla.s Eastern
demand sprilns up for 1t, and in the early part
OF tho past year thero was an sctiys rail movo.
ment. This exhausted tie crop, so that by the
tsne tho new oats wore rondy to como forward
tue country MAS unusually batn OF old, making
it possible to force the market mp to tho unprcce-
dcnted figure Of s5e in July. though the quan.
tity sold short 1t that Tins waa far from being
large. But tho expectation was general tbst
tho crop Of 1877! would be big one, and on tim
strength Of that, 1.-THE country THAT is, par
ties in tho farming detric.s-Bold snort, to
vory large sKteut, aud onezol to sell so persist
entity as to keep Tho price for next month 90 &c
per bu, and eYan mora, below thas for tho cur
rput month during tho summer. August Was
discounted l3GDi3c carly in Jutv. "rlle year
sold low 3Oc. ard all This al to bo iiilsl III
ct much higher prices, at groat lnss to tho SELL
cfH. It wan found out SLOWLY that tho dry
weather hal stuntcd the growth 50 mich TINT
In n,auy ecctons tho yield was not much more
than .half ct what had locn calculated On,
and tia: the crop all over tho West
WAS very short. ofticia! reports tn tha
contrary notwithstanding. All through th. la.tcg
TART OF the year tho recei?ts hero were ysrr light
tlsouGh tito premium Oh present deliveries was
big enough 10 tampt the farmers to send iu all
they could forward. The tact il shat le1 . waH
great competition with Chicago for oats. great
many moro oats tliau tnn!al were wanted by the
towns aloag the Lower a1lssisspp, fur dtstsibu-
tim to the surrounding country, partially ~ =
consequence Of tnB floods Of lat summer. Thero
country, west Of tho 1.ako. ansl tho umboruE re-
Eious Of Michigan took some 31o QUO bushels from
Ch,eago tcsr the cloAo Of navigation, while
great many havo Koue around US Eastward.
Country operators Appreciated tue situation in
tin latter part OF tho year. and bought largely
for future delivery, bY which moaus some Ut
them made 4 handsome profit, iu aldltlun tu
covering their previous loBscs on tho s4olt Afdc.
Tue Btuntcd vegetation of the past year, cnd the
better demand for otta un lessoned supply.
Hence tho article has hoen roallv scario iu CHI
cAgo and the year enta with very light supply,
and tEe proepec: OF real scarcity before .hH
crop OF 1875 is matured.
THE SHIPPERS or OATS
from this citT have bccn much moro prosperous
than i'll former years. considerably larger pro-
portion hare beeu slipped out OIL direct order
than heretofore. and those that wert ssnt East
on speculation were mostly forwarded on ria-
ing market, giving \ GOOD round profit to tho
shipper,