, 1876-01-01
CORN.


10 oscrybudY In tho trade Tho crop NJ 1874 waa
oplr fair ono. not ro lntre AZ tbat ~ IRA vco,
preceding aud at tho close Of 1874 tto oId corn
l,atl boon wol cleaned out OF tho countrv lv thu
extraordinary stiu,u,us Of HIGH nt;cos. Tim
S,urrca deal throuph A preat nnrt NJ t1,o ai,,.
MGR, and tho Canadian corner rlfc,, cn}rnin.ioa
in December al 8oG55 cents per buat,c, hal
kent tho price unneeossar,,y bioi, IN tb;s c5tv
and drawn iashor overY bushe1 Of corn that couia
In annt In n,arLot Cor voro,.t ra..s ..os.,
IT,, .,',. ,s.s ~ s4a' 9'a4a p'ecea~
10 ~ 'n.'o iHo 6'us'""s oeen cohaloesapie
BLOCK OF Old corn In tho hands Of growers whom
tho now corn commenced to move. Thai rcaaryo
had been axhaus,ea nj t,,e c1osc of ,p7l 11onco
t,,oro ,r.e nm innvt,hto toI,tnr ~ =, H. xaI.,
-, t.',. 80 o'.t@o'e ."'''h "" u. 'no so'u!"o
~ pHsA"ess a"tlnE INC past t"olFe months.
And there WaB another consequence. lilo cut,-
Aumptiro demand lad nccmed to 1ucrosso moro
rapit,1v 4t,an +la .roa ,f co,+ ,,,,,,,-, f. 1,,
!, was arcueJ ,h,t coro wns ,nnI s,,no',,".s."
"s' "4e"s" Ana' eo4i "eo too" a{'ac''atSe
pforefss' md lhsge atsos.nta OF canisa! wcTo in-
vested III 1t carly In tho yoar. Tho cortl OF tho
West mas Reneral]y held hack for hcttcr nriccs
lin, ro+o H., -,,t,,,, a,,, H. ,.,s.., @ p
uasas WAS FesS Afht aasshS sae iaes months pt
winter; tho deu'ahd from New England hnd
New York being supplied by tic gurpue In tie
Ht.tca snntt of Sc,, larvae
49,. - 80. - ..
- 4ah ntteot+ mr. ''"FAaLSf
rece1sea M nad't'oha4 impetus "hcn the iata
cold npiN'g destroyed the hopes OF many farm
ess: and tho following summer wns rotrd any.
t}inp Int f.yoraI,sc IN a c,,d cor, cr,, - ,rs,
r,o,,r .,,,, .,,a 49,. 49, e e,,!,s 49, .aop. ~ "a'
aoo"'4 tA"' '''o nv. " e"tale "As very 'afse'
having teen materially Increased by lnto planting
OF corn on fields where wheat had fai,ca to come
Ill., HIT II wne ccucrnl1v cxncctcd t,,ot tb,a
,:,,,f4 H., ,,o,, ,,n,, ,a..,,s,s.,a, ~. s..,, -
"oa -. a'"n ee.'Penea'eo y 'a'lne VI
and low Temperature, especially tn tlte bottom
lauds, which lad hitherto been tic 1npss testi!s
sections. Expecting that tho old curn woultl bo
exhausted pefose tho now waa ready to inovct
Eud that tho latter would be short, in ita turn
| capitalists invested heavily, uply 10 find thu
market 70 pcrsihtepily u,,nlst them. Az tast al
! une SGT E.ew tired of losing, Hnd dropped back.
otl,erH TOOK hold. bciug satisfied that tic ei1A Of
! the crop must b0 yearly reduced br that time.
| They. too, wero dl4apI Ioipted, and still o:hera
followed thct..-wltA tic sane result. TAa cosu
I Kept coming, from no ono knew where mid, al
thai tho pseceli.S year, tho sunply was greater
than the demand. Now England. .,ilicr.o our
great euuton,Gr, ~sA poor, Many OF les snaDu-
saceuters wege lille, aid otlers run.slng OH short
| time. While tho grass crop tdose was MI aouu-
] dallt one. Aud 70 Now England buvcrs neither
wautcsl nor could afford to taku hold pu literally
~ in foruIer yearH-ther osders falling Off fully
| " YER cent. Ihese MA b lair export deraath
| Tor Europo, tho root crop il, Ureqi Britain mud
| Iretauu having suffered &c. .urels, which caused
| our corn to bo consun,c. iu many places whcrs
| 1t had scarccls been kf,oxn previously. Late III
/ tH4 E3HkDn or navigation ftlLH uGHl&tl N4H H.
cIeaYct temporarily b. thr fact lfat tho Biitieh
markets werc hot supplied 70 freely from tls
! Uauubau PROVINCES as lad bccu expected,
| TIE coSpITIos
! of tie old cofp wAs yofy ul,,ch ogaiput tllc mar
! hot bore. The weather Iii tlI,a c.Y was 30 coui
| that ,he corn t,iu not te.ou.o heated Ii, p.ofe
sufficiently to need 'postiue," but largo quamt-
tics that wero perfectly cold wLou loaIrl lns,
| Ind to bs eat NJ y heavy 1,rcpuns. Owing to
thia and tue causeH stated aboso. ono oporuor
| alone loat fully half m1lton dollars III about
amount @ % Tie I losscs o. ] tor~arIns re corn, w!to. %
! oat reft renee 10 Garner combinations wero tho
hoayiest known In many past years.
~ THE Aurr,iN
it was reaaoneI that tho old corr, must ba nearly
exhausted aud that the tarIl1lesH vi ths Kcsaull
wu1tid auroy roIrs il ,u,noaait|e 10 tuarJot tI,,
| new corn bUforo ue1t Brr!iIv. Then another rot
of buyers took up old corn. on!y to be s!sats.,
.ontcti. Tho old continued to como forward
| fulty u rapidly ~ rsntcu. and tho how, though
! cuu{epsedv late III 1la,y sec!io,Is, end CON-
I narattyo fatiuEo in s,tno otlc.p, was in first
STATES vcro thu recipieuta Of a fair supply By
lie wear. Tie riso ii, rail fselshts, and tho
alacaoued demand hero, induced further weak-
in tho snIca for futuro delivery could produce =
[ reaction. Tile ayidily with which sales Of new
| vare male for tho different months OF ls7G.
completely toos Tie stllTening out Of tho market
n.
1t rather largo pten1iuI, no long as through
shipment by water wat possible. After thAk
cnasoI, tl.ey ruled l1ll aud hcnry. h|1uost WITH
| mi cessation, till tho cloSc.
'0' ~'''"s 4us e. nAnKEr ION NO.
averaged 38}io por bu IN 1877; it WAS 37n in
1878, Wiih al ackuoa lodged shot crop; G5u iI
lB74: aud G3slo III 1876. the average beinR 85.Bo
| IN tq tue enl of Qotoher. Tho tnaEkot opened
| III January at GtC declined to GlY1c tie iltBe
Aalr Of February; 1850 to 7G13c at tho end OF
snr;1 snli ,1nw1, l., en-. 4, at tlio close OF Muy
~, - nm r. H., tc n,;,lIjr ~ rnna hnck IN mi n
| ~ ~ .o.tte ,snSa. s,f,.sana,i ~ rfJ-o 10
| su tLkns "'tu 80 ai ~ +l is,,ss,,p >aa,mn.t a
| !sss nat OK do's; auo sue't uoeuuuu , *i't"n. w.
| steadily 10 5tc eatii ~ UecetAosft a"saucea "
bUD. ta!l BACK 20 ab94c, hnu c!oSoa '18eEu'15E ~
60GDa3t4u. Iher1 WA no "stluAeze" dufluk
silb yenf though ONO NAH often expected.
| TIL: NEW Cuor
l.. i.ro. ora In nu1ntjtv thn,Irl, tho Hoten,bar
t.sh ~ t1,at s"r,,;,itu II 1{nrnur or W.uh
aa.ua'p' ~ .us Ttfi: ~ =. - n.r' ~ - !. -
lhEtuh lAalCa1eA latAuk ~ - s44o y! @.ao
rsf cent. 1Ac t!lalll! ~ EnoH Ill tno ooutAotn
| HtAtea IN kAueaB, and the Houth part OF Illinois,