, 1876-05-19

.4E4EsEHlCAG
given tcir sdult lives 10 tho tsndo TINT those rnlcs
encourage short selling to an c1tnnt which pcrmat
ncnt1y deptoascs our market to a point which II
not attractive TO holders Of grain in thc country,
keeping rr1cas 263c per bn below tho point they
would avcragc II people who sell short did - With
the fall knowledge aaat they would hc Obliged IN
deliver the property. case in point wna cftcd
whcrc very recently two or three par.
tics "hc,d' between them about O. zoo, 600 hu
Of wheat for May. there mol being more t,nn ono.
third Of that quantity IN ttors. The shorts n'ndo
rnI IN It. aud tho pArttca above noted ~ long wore
obliged other 10 let 80 or Stand mp and take TO-
600, 900 hi or moro In addition, offered by parties
who calculated upon New York going down In
eympathy With chtcago, 20 that they Could easslt
without Ions on tho hasfr Of shipping margin 10
New Fork. neutly similar condition Is exhibited
In corn now. The or'icra for corn faf shipment
fnve been no numerous m to cnnsc marked al.
vance In tho price Of cash lots, bnt tho offerings for
future, mostly nlado by rucn who do not own .
bu1hel Of corn and never expect to own ono for
more than ivc Minutes nt tn,n, baso lrccn 70 large
NJ to dcpress tho prico for funo and Jny to fD9c
per bu below the quotation for fpot and thls Ia
what 10 called 'tmaking market" II does mako
a Market bnt TINT market Is not one to attract
| men who hive grain 10 scl(,-ihcy can make
morr by sending It elsewhere. Aud no thu
grain foes around ns the bearing Of prices abolish
lag tho Inducements to soil, Just ns tho chronic
bnl!tng Of prices nndcr tho old corner regime dimn
ishcd tile lnduccmont 10 buy hero for consunptfon
There appears 10 be ltlo room for ionbt that both
that an this wore cxtrcmes, each Of which contain
cd injurious elements. Ia II not posslbe 10 tnrcnt
rules for trnding which tend To encourage the
rrodnccF to so,,d hls grain hcrc In tho expectation
Of realizing tho beat possible prsca ehorcfoE with
ont cndowng the capitalist With all tho powers ana
prcrogativcs OF Spanish lnqnsttorf
Ono thing ls ccrtntn: This ought to be pro-
auccrs' market; ono to which tho farmer could
look as Offering him the opportunity of>scl'inR for
what his prolnec IL nctually worth 10 ship, with
The minimum Of fair charges for handling. With
such market thcro need bo no fear Of Chicago
losing her grain trndc ns this city IL the natural
focus Of commerce for tho Groat WeA Il is worth
while 10 try hard to quit nsfcinlltlcs, and get
back 70 that condition as soon as possible.
II ous warehouse charges bo too high for that, they
should DO nbutcd, though tho change should In.
yolvc the necessity Of turning half orr warehouses
into churches or schools. II commissions nrc Too
high, they should be cut down. II our obnoxious
State inspection stanli in the way, that should be
abolished, and II our Board Of Trade rules be I'M.
fitted 10 the fostering OF the trado III reat grain,
| instead Of nero wind. lot them bo eumnnsily and
| radically changed. Tharu Is not ono man IN a
| hundred who will compare tho volume OF our grain
receipts now with those Of former years, bnt will
ngree that there haa Oeen T. grlevous dccndencot
and that this could not have occurred without some
| adequate cnusc causcs. There arc few who Will
not ngrco that 1t Is highly dcarahlo to discover and
| remove thosa causes II possible.
| TIE MARKETS.
The leading producn markets srcrc irregular yes
tcFlay, with rnthsr less dotng In tho aggregate,
bnt with IN upward tendency In grain, and dull
| ness In provisions, Tho weather wAa stormy, but
that did not materially atEcct the uaarkcts,-not
half much as tho little g'cam Of sunshine about
| o'clock, which caused dpwnwarl turn OF nbout
| NC 10 wheat. The forwarding movement WAS dull.
Jobbcse OF dry goods hnd rather qnfes day Of II.
Comparatively fcw buyers weru to bo seen, and
although fair numbor Of ordess wcru received
through tho matls, tho aggregate distribution was
light for the season. 4socereh wcro laIsly netvc.
and prices, both for sapln and side articles, wsrG
uniformly woll sustained, although the tendency
[ In coGces taemcd to be downward. butter
| waa In good :" demand at the : 1ately
rcdncca prices, at 1Jo90c for inferior to fancy
grades. Thoro was not much trading In tho cheese
mnrkct, buyers bong 1nclncd 10 hold of for lower
prices, which likely To prevail little fnsttor
nlong 10 tho season. Prices Of lsh, dried fruits.
md canned goods ronain aa before. Coal and wood
wore unchanged. Tho leather trndc waa quoted
quiet at easy prices. Bagging wns weak at CSC for
Stark, 24Ac for Lcwiston, and eco for American
Otis were quiet. Carbon advanced another Nc. ~
Tho lumber market was quiet ant cnsy. Several
| sales weso nladc ut tho docks, hut tho oGoriugB
| were small. md only ccrt1'n gFades OF common
stun wcto wanted. 4 Tho yard dcalera stlll
complain Of dullness. though trado appears
To be improving, tho call being prin.
cipally for common qualities Metals una nails
were In moderate demand. Pig tin 1cad, and sheet
zinc were lower, otherwise thcre woro no changes.
Wool continues dali aud weak. Hroom.corh. wns
steady, nnd somo Of tic gradns of hurl sorc Gr,n,
tho enpply Of such having been Innch reduced
lately md It caunot bo replaced, as tho corn yet
to arrive Ia chiefly Of tho common sort. Seeds
were. dull and weak, somc descriptions hclng
lower. Poultry md cggs wcrc unchanged.
Lake irc!shte wcrc dull md unchanged, ut, s1sc
for wheat by sail 10 Buffalo. Ilai frcights wcso
quiet and easy at former Gsurcs, with a good many
cars Offering They werc quoted at Zoo to New
York, 1sc to Philadelphia, l7Mc 10 Da'timorc. md
22H@2bc to Botton, per 100 lbs. Engngcmcnts
wcro made for Fl, 600 bu wheat. &c, o00, bu corn.
and "a. 900 bn barey.
| FoDEIuN JMPnRTATI0E5
received al Chicago Customs May IL, 1870 Il. II.
Sargent, cahes drug sundrles; Busley 4 Tyrcll, 4
packages Pastan waru. Amount Of dulles col.
lectco, 50. 800. 10.
TsnnVTATnN1.