, 1876-07-30

John B. Lyon and William 7. Baker, the leading
members of two firms which have shipped ont be-
tween them not far from 80 per cent Of all the
moved out OF Chicago this season, have been inter-
rogated In reference to the condition Of corn ship
ped by rail versus canal. They agree in stating
that large proportion Of the shipped BY rail
from the West to the acaboard has arrived out OF
condition. while very little Of that shipped by lake
and Erie Canal has been warm on its arrival st New
York. Mr.. Hatch can draw little support from the
experiences Of 1876, for his idea that the water
routes must eventually be superseded by rail, for
grain. The all.ruil movement is not favorable to
condition this year, either In wheat OF corn.
CONDITION OF WHEAT.
The Committee appointed to examine the condi-
tion OF the wheat in Chicago elevators reported
Saturday that they had made full examination,
with the following result The wheat OF the grades
known as No. 2 and No. ? Northwestern was in
good condition md in every way merchantablc,
with the following exceptions:
In the AIRLINE Elevator there was one bin, No.
40, containing about L. 600 bu that was little
soft, but, in the Judgment Of the Committee Is nat
damaged.
In the City Elevator, bins a., No. Northwest
crn, and No. ~ regular, No. wheat, was trit1c
warm and needs handling, There was no smell OF
heating upon it, and the Committee do not consider
it damaged wheat.
LIZ kaE t-a IL ~ ~ @4sE'Ntui W We AoAAA utll5
Nos. 1s1 and ool slightly soft, but not warm.
In tho Fulton Elevator we found bins 10, q, and
a. triAe warm but readily curablc BY prompt
handling.
In the Northwestern Elevator the wheat might
be called alightly soft, but not in any way out OF
condition.
In Neely's Elevator we found bins Nos. II and
IS slightly warm, and should he handled.
The Committee arc glad to say that they were
assisted in every way in their examinations by the
proprietors OF the several elevators and their
employees, and they are satisfied they are taking
all needed measures they should to preserve the
property in their charge.
The Committee are unanimously OF opinion
that none Of the wheat above referred to as excep-
tions to prime condition is OF character or con-
dltion that would justfy the elevator proprietoss
in posting such wheat as being out OF condition.
Almost Immediately after the reading Of the re-
port prices declined about 20 per bu. indicating
that the report was far from re~estabsning cont
dence in tue condition OF our wheat. It Was argued
that the wheat is near enough to the hot phase to
make it dangerous to ship. On the other hand,
parties who ought to know state that the wheat Is
little ii any worse than the average Of past years.
They say that summer never passes without some
bins being objected to by the shipper. The objec-
ton being made, the bin Is shut Oft, and the next
cool day its contents are run over, which process
restores it to decent condition. II this be- the case
it would seem tfat the recent kcare has been more
extensive than wn5 warranted by the facts. 1t il
stated that the wheat is in much better order than
it was two weeks ago, and that the wheat having
been kept 50 long without serious damage there ia
no further danger, unless very unfayorable atmos-
pheric conditions should ensne.
THE MARKETS.
The leading produce MARKERS wero moderately