, 1876-08-20

IN Chicago lnulcaGeS that t1e loe crop Ill %cut4 III
Illinois Is not entirely exhausted More curt than
courteous.
A lot Of 10, 900 bu wheat was taken last Friday
from the Union Elevator for shipment and found
10 be in splendid condition.
A gentleman who made the trip from Cairo to
Chicago last Friday, mostly by daylight, states
that the corn all along the line is poor, but that
the growth further west is reported good, and that
fine crop is growing in Mississippi and other
Southern States.
Several letters from Northern Iowa give dis
couraging news with regard to the whcat crop IN
thai section. They chronicle heavy rains for three
or four days. with wheat in the shock and eome on
the ground unstacked, The yield is poor, some
large farms giving only about blu to the acre, but
the auaitvis good, s.whas there is Of it. " There
are, however, plenty OF hogs.
The leading produce markets we're again quiet on
Saturday and most Of them were steady; though
grain WIS easier chiefly under the fact OF prospect
OF larger receipts. There little change in pro-
visions The shipping movement was light except in
corn, and there was little except nonotony III the
course OF trading, with nothing to break the same
The British markets were slender.
Business with dry goods jobbcrs continues to
improve, though aside from prints, worsted dress
fabrics ahawls and hosiery there is yet no real
activity. Silks receiving increased attention
owing to the advancing tendency OF prices. The
grocery market presented little that WIS new.
There was very fair movement both in staple and
side articles, and previous prices thoroughly
sustained all around. Sugars, sirnps, molasses, and
cotfccs were strong. There was a somewhat
drmer market for imported dried fruits, trade hav-
ing shown some little improvement OF late, but
domcstics remain Inactive and nominal. No
change was apparent in the dsh market trade con-
tinuing quiet ut easy prices The demand for but
ter Was again active, and fully previous prices
being realized. Cheese was without much activity,
and lacked frmncss. The coal, wood, leather,
bagging, and tobacco markets were nominally un-
changed. Oils remain quiet, carbon was again
higher, other oils were without important change.
The whorcsale lumber market Was again quiet,
only a few cargoes being on sale. The yard trade
is improving, and prices are ruling steady. Wool
was frm under continued fair inquiry, especially
ist N t5s bss nssssts %@otby
decline, and other descriptions of seed were quiet
easier, there being css urgency in the demand the
rusn to fill outside orders being about over. Green
fruits were abundant, and in fair request Poultry
steady. Potatoes were quiet and unchanged
Lake freigh1s were dull and unchanged at 51=c
for wheat to Kingston, and l1sc for corn to Buf-
quiet, without change in quotations, agents
asking 20c to New York, lsc to Philadcl-
phia, 1TMC to Baltimore, anu Iuc to Boston.
Der 100 lbs and being willing to take considerably
less. Through rates by lake and rail were quoted
at &c for corn and 91.c for wheat to New York. and
lOc On corn to New England points. Freight en-
gagcments were reported for ITO, 600 bu corr
THE VALUE or WHEAT.
TO the Editor Of The Tribune.
CHICAGO, Aug. lo.-Ail wheat tradeg for Sep
tctnber and October delivery, Eladc upon the floor
OF the Eoard Of Trade at the present time, are
based upon wheat now in store in this city and not
upon coming arrivals OF new wheat. Such wheat as
we now have in store-such il selling in this
market at ubout 03c free on board, for delivery in
Scptcmber--is worth in New York market at the
present time from 85G90c, and 85Ql9Uc is Ill that
exporters, in the present situation of English
markets. can afford to pay for this quality OF grain
Now what would like to have you tell me is
wherein lies the profit In buying wheat here at 92c
free on board which is worth S5G1S0c only in New
York and also whether NE expect to
maintain present prices l10113c above seaboard
yalucs) after we commence receiving from 100. 900
to 200 900 per day. as We arc likely to DO the lat
ter part of next week.
Sscond-Will you please tell me what probability
there is OF England advancing her buying price
permanently, with her present favorable crop safe
iy secured in good shape, and the world full Of
choice quality OF grain from which, ut any time,
to supply her every want:
Question No. 3 and have done. In the fall Of
1874 the price Of good wheat averaged in this
kct from So to 93c. Why should it average more
the coming fal7 The crop Of the world is as large
now as then, und the quality no better.
RET1RED DEALER.