, 1876-01-01

abont 900, 400 hi wcro brought East from Call
foruia That encouraged tho farmers 10 sow
barloy, and led to heavy short sclllnE, under tho
prospect Of m abundan. csop and rclucod con-
sumption. but tho yield OF 1a7i was light. o~ng
10 tho drought. and tho market took an
unexpected turn upwards, barley being rela-
lively scarce ca.ly In last year. 1h!s induced
tho planting Of an increased acreage. and tho
result Ia IN immense crop In tue Woet, In pro-
portion To the demand. tho agricultural relurna
10 the contrary notwithstanding. Tho acreage
III Nebraska. Iowa, BEnnenots, and Wisconsin
exhibited an increase Of 25@31 per cent. sud tho
yield was heavy one. In Nebraska sud Ioaa
tho crop was ecrioasly injured, In aono places
Aimost ruined. By bad weather at tho time Of
harvest. III tho cthcr Two Htates tlo rains did
not occur till most ot tho barley lad boen so-
cured. In consequence, the crop Of tho West ts
exceedingly uneven. TINT from tho Southern s0c-
tons beiug, n,ucl, OF It, little better THAI stump
tail whtc tho Northern barley ls good. Tho
crop tn OHIO was only one-lhird Of m averaEc.
that Ssato and Indians ra.sng about 2, 600, QUO
bct~con them. Ohio parties bought ratlcr f1oe-
1y in our market soon after harvest 10 supply
their own deficiencies, which caused an advance
here. and that constituted tho bulk Of tho chip
ping dcmand for our receipts Of tho now crop.
T1E YIELD ELSEWHERE
haa also beon larger. New York raiRod 0,000,.
GOO 6uBt,e1 last gear. being about one-thrd moro
tllnn In 1874. and has sent s3mo Of It's surplus
hrro III lind market. 1874, Canada exported
alout 0o0 QUO basllen last year l.er surplus for
exrort wna estimated ut 7,0JU.000 buB1ols, Of
20. including aGlal.iloU hn.l,ela rccaivea at Os-
wc2a. About t15, 0t0 bushafs Of Canhdla!i barley
hah arrived hero mp to tho ciosa Of NAVIGATION,
With some IU9 tons on the xnv frotn California.
m 1,F&
Aud, With thin increased huppy Of good aud
hah barloy much less WAS wanted thai, hereto
fnre. Tho aoHrcssun cAuzea By tle pauio i,as
not ended yet. and tho very 10" temperature OF
ton Of beer. Tho browcrs had bern forcod to
pay to!sslvol7 high price. for harley and mnlt, tho
market having beeu run up by spceulaso'H and
wsre unable 10 command q coFrssrondnx
ca,,se, undor . 'essancd demand. buyers
wero abto to dictate pricna. Tho greatness Of
tho chango In tue trads Ia indicated by falling
or 10 Tho axtont Of oue-sh,Ea 10 Tho Internal
rovcnuo collections from brewers while tho tx-
tent to which sher havo suffered 10 showu tn thu
report made At tho Cincinnati Convention Of
last June, that nearly 1000 brewcss had falod
M consequence Of the iard tu,oB s,nco thu
panic.
THE counBE or THE MAnKEr
Inns baen a faithful roiiax Of these conditions.
During tho first part OF the year prIcoa uore
tatneta. irEcgular., by tho fcnf TINT the cropr
stsonge*t In May mud juno. Afterwards It fuled
weak, and tho iaot fow months OF tlle year ths
market Was \ fcarfMl Slough Of Dospo1,d; TINT
for No. being eutirctg atthciaf, white tLe low
wero low osan for clicken-feel. No. 3 WAS die.
connted fully 800 from the price OF tue specula-
1.-Two giado.
The 1nnrket for No. 2 opened Mt about sl.2i,
and saiea at $l.23G0l.2J during January. de-
elned to s1 10l lit March, advanced to about al 80
near tue c!oHo OF May. wnRkcuod to Sl.14 in