, 1877-08-17

were relatively miner in consequence. The nrHs
from TIM country In1iratcl that farmer. arc not
selling 70 freely "A wn. expected, and there are
nanJ pcrront who think that good wheat fs cheap
At ANYTHING below 81. 90 per hi In this markct tho
] qna1ty Of the new crap seems to them to Justify
| confidence In tho article.
It was reported ycascsley that tho French
steamers haEc Already contracted all their grain
room mp 10 Tho middle Of November TO carry
wheat from New York. This IL probably an
overestimatt; hut there Is no doubt thnt great
deal Of wheat hhA already bccn sold tn 10 across
the ocean; and tho continued reports Of "quict~
ncfs'' In New York do not give complete view Of
the situation.
Some littlo excitement hss been oceassoucd at
the East br reports IN one Of the New York daics
that tho sgnF trade Of TINT city the verge Of
financial rnfn, In consequence Of largely excessive
stocks and a rAptd shrfnkage IN values. Upon In.
veattgation. however. Il appears that the deprc.
cfaton in the valuc Of The ntocks on hdni ors not
exceed NC per ID, and thAt iuetead Of tho supply
being unusually heavy It IL tcxccpttnR lASG,
4mallcf than has been known for number oi
scasona past at d corresponding period. On
Aug. the stocks In al, ports Of Tho United statcs
aggregated 1874 0o0 tons. or 49, 900 tnua leas than
at n corresponding date in 1s73 and q, 600 tons
less than in 1874. Here The decline Of eoure
has hccn ~ great NJ At the Eatt, Int II fonn our
merchants with comparatively light stocks on and
and therefore their 1nsscs hare not bcrn tcvcre,
During sho paat two days tho market has developed
increased activity, and hhs worked Into brmcr
poattion prEccs showing an Improvement Of an TIC.
The magnitude OF tho sugar trade is greater than
,many pconc suppose. The annual consumption
in ths United States Of foreign sugars exceeds
G2o, 000 tons. Tho value of tho imported raw
sugaf sod. duty paid. in the United stAtcs This
yent will probably exceed tla5. oo0 coo. to which
amount must be added tho additional cost of re-.
fnjng about 81, COO, 600 more, and to this may be
added tho value Of tho tuoaasees imported and now
nostIy refined, probably SO, o0o 900 Or 500. 0o0,.
coo more.
The cadtng prodncr markets. were active and II.
rcgH,ts yesterday. at lower range Of prices In
bFeadstu6s. With not much chhngc in provisions.
The weather was tnc, AMI tho reports from other
places slishtsy favored the bears, while the re-
ceipts Of grain hers were smaller than was expect
cd by many, with satisfactory rnlnr,n Of ship.
r1euta reported. The shipping movement Of yes
terday was less than the recent average.
A ffecr movement In dry goods was
reported. Tho attendance Of buyers IL on
tho increaAc, md the volume OF orders
received through ,be mails 10 also aaiy
!ncrcatlnV. Prices remain stcady and dtm. The
demand for groceries was reasonably active, null q
firm and healthy lone pesraded tho gcnorn1 market.
Coaect, sugars, rice, and teas Wetc held fully up
to previous figures. Common Molastcs and black.
strap wcTc quoted lower. There WAS = firm mar.
kct for Tho most staple rIc fruits, tncludlng ap-
pics btsckbcrrics, enrranfe, anu rruncs. Fish re.
main drm and unchanged. The butter and cheese
markets wcrc without ncw features. Oils met
with fa1r demand, and most kInds were ateady.
Lfnseed was nnactt1el, and WAS quoted SC lover.
Tarpenttne advanced 1c. Leather, tobacco, bag
ging. toal. and wood wcEo quoted As before.
Lumber was active at tho yards At tho arrent
prices. The cargo market was unchanged. Inch
Timber sold readily, but piece stun was slow snd
tz.., E-tA