, 1876-01-01

pressure diversions from other interior markets.
Tho fevorso of this was tl,c raso in 1874. capoci-
ally III earn, w!.e!,, combined wish what were
tl'cn abnorma'lv lo's lako freights TO tho East,
nlado It impossible for 1'eoria and other points
to operate ~ They had htllor!o done. Tho
Eastern states have sakon rather Iiborally OF oilr
produce. awa tho suatt, has taken copionsiy Of
rroyiusonB. but lcBs OF ourlncadnkuus. as seyeral
ct tho Southern bta.ea, Witch used 10 draw
largely from tho Northwest, now 1atso alt the
corn they require, and nj iocst Quo las aurpius
OF gram.
Tho most gratifying feature in tho psoducc
trade Of Chicago during tllo past year, ii tho
ttcady bn: rapid tAcro1so oG our order trade from
dlHtaut points. It is tfao that Now England has
taken lesa corr- because sle hns wauted lcts.
1bb depression Of her manufacturing tnteressH
having mada tl.at section a comparatively roor
customer. But bot:l Europe md tho Southern
States now send largo percentage Of their or
tcra hero. airctt. and tho last few months Of tho
year Witnessed q gEoat increase In the volume Of
our direct exports. Chicago long since took thu
custom VI Now England away from New YORK,
and now thas Of Europe Is following suit. No
small proportion of this business lions through
Now York City. but moro than over bas boon di-
vcrtcd from that point 10 other cities on tho Bea-
board, and Now York is awakouug to tho fact,
md trying to remedy 1t. In 1874 8ho Accom-.
plissct1 most important reform Ia the manago-
mcnt Of the Erie Canals, tho lateral tlttchoa boing
...,...n. ,..,..s ~, , ,, 50.
sc has her own eyB.nm Of grain inspection, and
btda fair 10 abolish tho ini9uttous practice Of re-
,oro,,ds ~ t,o a,,,a,,,,n,, .ro,,s ~t.at, o,sn,s
trteB to buy III tho bout aud clcapeat market,
nr,toct;,n ~ f' N'
,,,,o .i.,,,,. - T., .,.,, . =.
o,an5 ass c.,.,a,." y. ~ -, ~ H. x.s'4 e ' r. a.4 30
haa ~ Wv .u.ua ~ NV s.eas
se.,,s ~. 49,. ~ A.os ..',.. "t o :.
-. u. .Ao "oas .Aos 10 eu"ar en'saso sAeas,' ~
,.'n' 49, a'.u ,aA'sos ~ ~ ~ .o1I w.
p"'A ~ tlo eos'e',t oAo otSso ~ ~ ~ suo tu"
sss poaspu utls'nn! eIas' 1na ~ suen .lanusaoa
saat a,so o'asia eu' " "''eu "'suous eaas.s
1uo.o 1nto n'o4o ''pl.o W 'Hs su.'a." - suo
s'1'au' W eai''at !uoSA''o", -. 4to"s' ~ D"5lt
t4oes "os Nv ~ p4lses VI" 'ueo.. 1no. 81.
o1Ao'o ~ Nv 'oPo-' ''AstA'o' s''o .Aoe, "a
NV s'sS. iousee " 'lo e'apoa'u' a"o euau'os
~" ~ .a"o 't."* ".'sl ~. -s.o o1'.aa.N uus.a
so DoSs ...1''. ~ ,"S'o" t.''u, po.':'
saa w. ..',"' ~ =, ~4'' 49, 'so
uss' a.s'.,. "...," ~ =. ~ uuso po'H Ivy ~
ean .'uaar.5 ~. -oons upoa a"'4h ~ to1a'
'a' s.H,n ~ ~. '.s - ~ e.a e, ~ aueS A
49, 49, , ~
~ pa.eu4so .a ~. "a,as "os1 @ 10 A"o"s snas
Wy, ~ ,,.. ~ ,,a ~ a'a c,anno """ ~ =
'..' =" ~" ~ 80 A.a9 nS'u ~,
'h, "n a,s ~ ~. 'A"s N''.t h1".." .,'
aooso ~. ~ 'a.a s'', - % a'so aso'us tpe
I'sn euatsos 'e''eu y ~" ,olA eou''''es'on
tlea o.' ptouaco putoaasoa Ut 'nat PoF1 70 olacf'
IN ven as so'e.a' ntesnaoalato chafeee "n1eh arc
unnecessary. tho"sa tho9 oo nos efsolt'onate.
Il!o tremendous growth OF speculative tradtng
In produce. noted III our last annual rov!ew. hau
boe,1 continuous, Will The exception Of ono or
,,,, ,,,1t, t,,ot ,,,., - .-.a,r ~. ,,o-,. .,,,.
~ lu.'o' t.At osAaa ~ "uaus va sot, asl'so
all thFoaRh inc Seaf' 10 gfoat has oeeh 1oe raata
Of transactions fos futu1e delivery, In many Ut
which cases tho soor docs not caro- to deliver
t,,c nronortv nor TIM huver tr rocaira II ftboncb
49, .tlIsI ;s,,.>a j.. =, H. .s,.,,s ....te .
tao ae'"4' uaA'o'3 IN a!"a!o - " 4'Nuo u.'loan "
tic transaot'on 20 aostleu bofore tho maturity OF
thn oontrnct), that 1t has beou found necessary
to call into existence now orIer OF bciuca to
moot III, o41conctca NJ lin ovcr.f,crcnur" vo1.
.,."at's.'. ~. an.,s ~ 49, III.
nme u ous'ness' ne aauao ~ tho h.he
clorts." who meet oyor5 morning at kind Of
clearinghouse gathering In tho exchange room.