The crisis. (Chillicothe, Livingston Co., Mo.) 1877-1878, 1877-09-20
THE MARKETS.
WEEKLY GRAIN REVIEW.


We are indebted to Messrs. Powers,
Lyndc 4 Co., Of Kansas City, for the follow
ing reliable review OF the grain trade:
Wheat-Reports from Great Britain dur
ing the past week have confirmed the
serious damage done to the crops in three
fourths of the principal wheat growing
counties. This fact, together with the
absence OF any considerable quantity of old
wheat on hand, has nccessitated the free
purchases of foreign wheat TO improve the
milling quality of the home product.
Our markets have been more than usually
active under the influence OF English orders,
and Export Clearances for the week ending
sept shows an increase OF more than hall
a million bushels over the previous week.
In sympathy with advancing foreign
markets our values, with occasional
fluctuations, have been well sustained not
withstanding an increased movement to
market meeting all demands and adding to
the visible supply" of August 2jth (3,S37,-
726 bus.). over 100000.
At the present writing, German. and Aus
trian markcts-our chief competitors-are
nervous over the critical situation of both
the Russian and Turkish armies. concerning
either OF which we may at any moment have
news OF irretrievablc disaster. More re-
mote from the scene Of operations we are
benefting by the speculation which attends
the excitement throughout the Commercial
Centres of Europe, and from present out
look. whether Russian orTurk is triumphant
in the battles going on, there would seem
to bO but few conditions favoring any
serious decline. The excellent quality of
our wheat, and the infcriOrty OF English
and Continental samples. warrant our
holders in standing off for fair prices.
Spring wheats in eastern markets to-day
show some decline but Winter Wheats are
unchanged.
Corn-A steadier feeling and higher
prices in both foreign and eastern markets
have prevailed since our last Review.
While We are at the eve of gathering
another immense crop, almost out Of danger
from early FROST and have warehouscd
large stocks, there is II wholesome demand
from Great Britain, maintaining present
prices.
Ryc-EXport clearanccs for the week
ending september 9th have been 176,73s
bushels as against an average of 25,0OO
bushels each for the previous three weeks,
and "stocks in sight have been reduced
10000 bushels.
Oats-The movements OF this grain TO
markets is steadily increasing, even at the
low quotations prevailing, 100000 bushels
having been added to stocks in sight for
lhc Week cnulnS september 0tn. without
any stimulous from foreign demand Eastern
markets are sluggish, and trading is entirely
in favor of buyers.
Freights- frcights have been re-
duccd a TO q cent on both corn and wheat,
while rail frcights from Chicago to scabonrd
have been advanced 5 cents per GENITAL.
Kansas City-Whcat. No.2. cash, S1.15;
No. ., S1.06. No. 4, 9Gc, Corn, No2 Mixed
cash. Bic. Oats, No. 2, cash, 1Sc. Rye, No.
2, cash, 42c, Cattle. fair TO prime natives,
S4.0Od4.75; native oxen, S3OO@35O: corn
fed Texans SaOOa375. Hogs, shipping and
packing, S4.7O@l,SO
st. Louis-Whcat. No. 3, red winter, SLIT
cash; No. 4, Sl.10, Corn, No. 2, 42c. Kan
sas barley, 5Od6Oc for No. 8. Hogs $1,000
5.i5. Cattle, Kansas-T Texans, S31O@4OO.
Chicago-No. 2, spring wheat, Sl.O9. Corn,
steady at 4jc cash. Cattle Kansas fed Tex
ans, S3.25@4.75; native shippers, SIOO@5.75.
Hogs, best, light to heavy shipping, $1,000
600.
New iork-Wheat, S1.iO for winter red
western. Corn, 53@5Sc.