, 1876-01-01
OATS.

OATS.
THE oAr sfAngEr DURING THE Part TEAn
wna a peculiar ono. but symph.bized In . re-
u,arkAble r,anher with corn almost throughout.
Tho market had been extensively manipulated
during tho lnttor past Of 1871 aud that fect left
II tn demoralizcd condition at tho beginning OF
ho now year. the majority o! operators not
tnowing what 10 do. Prices Ind been well kept
Up. which nugurcd = decline. but tho forward
movement Ind also bean FREQ one. and II was
believed that tho crop would bo nell clcsrod up
Dofor1 now oats woro ready 10 use, for which
reason tIe bears wero nfraid to sell tho market
down. The market WAS dull during tho TO-
uaader Of Tho winter, with worry light rail
movement Eastwald. and little trading. except
an heavy deal Was gradually developed for
May deiyery tho market being kept firm by
the ANAL volume Of the stocks In stote.
From tho middle Of afatcl, 10 the middle Of
May prscea advanced 1211c per hu. The May
deal was Rottod up on \ rather high basis, and
the successful operators turpcd their attention
% June,
THE UNSETTLED WEATHER
teAlbg tnahy to exncct Rhort ctop. They We1c
not very successful and tho long side Was oyen
mnre unfortunate in July, whcu tho masket went
down pcrsstently md heavily. In spttc OF tho
Try TINT tho crop waB drowned out, asl tast
lueIo Huu!u o0 CUHIphlhAselJ ~" oaAh HAheA bHo
sld were exhausted. THO party who had tried to
control tue markct vent nudor; aud then some
,f ttoso who hao beon on the sort side through
.he summer turned round aud worked tho othcr
way through AuquRt. September, and a part Of
October, under slowly declining prices. Tho
August deal was veiy large ono at least 5.o00.-
100 hu of shorts being out for that month. and
somo PARTIES 10 Indiana made good deal Of
money OIL the long side. whicl, partially compon-
aated she'r losees in wheat. Tho new cop
was large one. fully per cent greater
l;aa Tint OF 1871. but u moved SLOWLY;
growth Of htraw. 30 TINT Tho oats cared e:owty,
Inl could mt ho fasBod through tho elraaher
~ 1aIldty aa heretofore. Tho Inter difficulty
has ox,ete.a ever siuce, and tho relatively low
price Ilas formed bnt httle indncemens to farmers
10 marriott shenl Homo tho
MOVEMENT HAS uEEH Sfow,
md tho market haB ruod Quiot during tho later
months Of tho year. Tho trsdo l'as, honover,
been legitimate ono. there hcing fair profit
III .hiI nents to tho Ehst reasly tho whplo fail.
There wRs fair nu.Gunt Of trading for future, but
little excitement mt littto dineroncc bntweon
Tho ptlces Of caBh nnd aclles tie next month.
As a,seaiy etatol. tho crop OF 1876 MAS = 1atll.
II laree one--ls mich exceeded tho general OK
pcctntton both iii quantity mud quality. Wlscot-
lin. Nebraska. and Iowa had sncudid ylo!d. 1o
Eas ,a.r, but The quality much below the ayer-
tge, ai,l receipts srldHd low. Tho
~ MOVEMENT rirnoCon c1ttcAO0 .
exhibits filling off from tile volutno Of 1874,
aud tho shiEments by lake wore exceptionally
light. Tia yield Of tho Eastern StascH waa gen-
Atally good. 20 that they have NODDED lesB thnn
in pnat vcars, and latEe proportion Of our ship
nlcnis hayo bocn distributed hy rail over tho
States situated besWob1 TN aua sha saaboard
,iur. But there haA also been All increase In the
percentage Ut tho oats that simply pass through
Chicago without being nlaceu Oil our market.
Il great mnnY were billed through to the Atlantic
roast from interior olatIona. and rono ct tho
rrteivcFs have Bnce expressed tAe wish that
ihey had aollt their ottlera hore, and intend to
Do 70 III future. There has been great tempta-
tion to SHIP All inferior quality ot oats from the
tuulrry, when not checked by = rigid inspection.
Tho lover pr1ces Ut oats tiurlog tho past fem
moiths hayo very much stimulated consump-
tlou bnth hero aud 10 tue East, and there tB a
fair prospect that the crops Of 1915 will bo wall
used IN by tho tlmo that tho no1t crop 10 ready
to move.
TIE AVERAGE rn1CE
pf No. 1t, 1874 waR 29l4c; 10 1878. With much
larger reccipta 1t was 18s1c. In 1874 it ~ha iGc,
!hD eptiro lsuge being 37}IGD85c. In 1875 the
LveraEo rice was 47c. Tho market opened At
lbouL o21i. rulod steaty ut b2G553c ill near the
middle Of February, then slowly advanced to
sis1o IN May, fell buck 70 57,1c Al tho close OF
that month"; rose to G3c 10 tie first half Of June
uudBr 4 corner scare. 1eceded to 60t1e tXo or
slfeo weeks lator, and roBe to &c IN July. Tho
pew oats cold from 4G11c down 10 34c in August.
tEen up to 4Qo uuder fearY OF a CO. her, aud
gradually declined 10 291 20 In tho early part Of
December, aud closed 1t 3UNc.