, 1877-04-12

EEsl!sfs:; III; g;:,s::* MI .~. u - ID. ,,s$ S;s ii
$!::: $!:; rs; | 8, 81 +; !: !;
withdrawn from store during Tuesday for city
consumption: /, oD0 bu wheat, o51 bu oats, $40
bu rye, 1.. 103 hn barley.
Tho following grain was inercctcd into storc Ia
this city on Wednesday morning: tcars Nc. IN. W.
wheat. car No. spring. & cars No. ado, car
rejected do. car no grade f13 whcnt,: car Yel-
low corn, / car No. / do, % cars high.mixed. IN
cars new do, 16 cnrs new mixed, Al cara No.
corn, % cnss rejected Ito, cars no grade GAO
eotn); cars white oats. 9 cars No. = do, Ii cars
rejected do teJ ohts); 2 cars No. 2 re. Total,
17a cats, or Is, coo bu. Inspected out: 49, COS bu
wheat. LII, 85s bu corn, 67,e07 bu oats. l, Oil
bu rye, 7.os7 bu barley.
Ths Situation in bread,tuffe has suffered radical
change within few days past. Dullness in the
outward movement under = persistent holding
a1oof by buyers for consumption. WA accepted ~
reason for selling short on both whsat and cora,
and largo lines Of thotts put ont In fill eonh
dencc that prices world sumb1c. Especially was
this the caao with wheat It Was argued that
prices were already unnaturat1y high, when
It considered that currency IL nearly at par
with gold, the industries Of the New and Old World
pa1atyxcd, and other countries standing ready to
supply England with all tho wheat she might want,
At much less prices than wo were asking. English
quotations per*sstcnt1y refused to advance, and
'l1ow much loss IN thsrs IN the operation OF ship
ping wheat 10 Liverpools" was standing question:
10 which there was stcrtotyped answer. Nuw,
however, tho British markets arc waken1ng mp,
under tho Influence o! war excitement; and for tho
first time We remember In several years tho word
"aetlve appears In tho official quotation Of tho
New York wheat market. Whom wc remember that
New York Is stronghold of Democracy It does
aecm odd that tho people there should havo been 40
long NOT "tn favor OF = change"
shcpsnls circular shown that tho total receipts
OF wheat nt Chicago and Milwaukee from Aug. I to
April (0Ight monthsl Ia only II, 2T0, 90 bu this
year, hgnnst 81, 10B l3H bn for the eamo time ono
year previous, 81, GEO G07 bu two years previous,
md II, tan, 300 b. three years provious and tero
Ia no prospect OF larger receipts during the naxt
four months to mako the deficiency for the crop
year lena than that for two-thlrsls Of tho period
This low totul Is dao to persistcntly low receipts
ai through tho wtnter but the fact has becn dis.
regarded by LtysEnool and London operators.
They now Intimate thtt tho trade held off buying,
chiefly because they received repeated assurances
from Now York to The effect that thore was plenty
Of wheat in tho West, which would bo brought out
of larmosu' hands frnciy BY fpr1ng decline Of
few cents per bu.
Icenco VI tho British Lion would hive syailoa Tn
Keen down priccs. had tha world renlxtncd At
nraes., Rat tha wnr e.c,temtnt Nm. onpnct, tbs
vent, And prices nFe now booming upward 9lJs
per quarter In ono day, which mems GG10c per
bu. 0peEntoFs thefe arpenr TO he rushing to buy
up what wheat they can, fearing TINT tho supply
through The Dardane'lcs wilt be suspended, II NOT
cut on, and that they will bo unable to meet tho
deficiency by lNpoetattons from tho United States.
Tho crop IN tho eastern sldu Of the Rocky Moup-
.a!ns IL now acknowledged to 10 short even hy tho
New York bears, and a martial failure in California
this spfiur II now regarded a. almost certain,
or course this statement Of facts docs not proye
that wheat in this market IL going st,l higher than
at present. It has already been 6uoycd M by pcr.
sistent buying on the part Of those who recognized
these facts; aud many Of them now cy.pcc q will.
sngnesa to aoli at tho advance. Tho future Of
prices depends probably upon tho future Of war
news, but not necessarily evon upon that.
Tho Cali Dourd trouble IL ret far from being
fcttlcd. The grain men claim that the call IL not
suited 10 their trade, and that thcy ought not 10
be bulldoIed Into m ptable style OF trading
because that 10 necessary 10 sustain call Tor
atocka and provisions, about which they care little
or nuthing. On the other hand, the men Ia favor
OF grain ctI1 c1s!m that they have perfect rtght
to trade In that way, and that tacy arc going to do
Il, even II tlsy arc obliged to form a uew organ.
Izatlon for the purpeps,
..Itcgular" deliveries during the remainder Of
this week mean tho deduction of Nc per bu from
the selling p.lce Of graia on which 4e storage ha4
accumulated. For this fcsson tho premium on
May oyer regular was narrowed down yesterday,
TIRE AARKkrs.
yesterday, with good denl Of cxeitemsnt In
grain, provisions advancing In sympathy, Tho
news from tho Old World was wpriIxe. and tho
uraIn markets m The o,her aldo NJ the Atl.rtJc