, 1877-01-01
CORN
SOlkl<e
THE cnftRsE nR TILE CnnH MAnEYY

TUE COURSE or THE CORN MAnkET
has been q surprise to most people lu tho trade.
The IN ovement through this city was unusually
large. The receipts Of tho year were a, So, ,7S3
bushcls, against q, ,3A1,l50 bushels In 1875; the
shipments were Is 38l ,l53 bushels, against :D-
443,S34 bushels tho preceding year. This In
creased movement was due 10 ths fact Of
bigger crop In 1875, anu lcssti!spostion to hoard
II, tho condition OF tho crop being poor. A
great deal Of the corn was damp when gath
cred, owing TO long-continued had weather
near tho ttmo OF maturity; many
fields being entirely under water for weeks
together. Tho rcault was that the corn could
not be depended upon to keep. Not little Of
II rotted In tho cribs, an1 there were q good
many had kernels even In corn Of otherwise
good quality. It was thus liable 10 heat nil
through the year, especially in tho bot weather
Of tho summer; unlike sound fat corn, which u
tn danger Of heating only during the gcrm!nat-
!ng scasou. Great care wasncccssatyia handling
II. Many parcels which had been moderately
we'll dried took In moisture when exposed to q
damp atmosphere, the rotten kernels absorbing
waser like q sponge, and tho shipping process
Wis unusually risky. a great deal Of the
corn reached ita destination iu bad order, though
wo had no really hot corn In Chicago. This
wis, however, rather due to good handling in
warehouse than to good inspection. Shippers
claimed TINT
THE INSPECTION WAS TOO LOW,
especially on tho cured corn that came in during
the spring and summer months, most Of which
ought to have boon passed as rejected on nc
count Of tts dampncss. 1t waa charged thus
this WINS chiefly tho fault OF the Committee
On Appeals, who generally ruled In
iaya, T Tpo hs nt.[ [sesys se" bad s''f a
July that our most prominent shippers protest.
cd they would pay 10 more Inspection fees, and
tho result was That successors were appointed
TO tho gentlemen then forming tllc Appeal
Cummtttce. The inspection after this was moro
s.tstI1stSsy 70 ;npe5s ai cr SS W. sSo
been preferred TO oure under the old ruIlng.
Our receipts continued large till towards No
vhmber. when they fell oil to q low poLnti with
Indications that tbs old corn Lad nearly alI left
first hsnds, while tho new corn waa not ready
10 more.
ruA NEW cAor
u beloved to be above the average In quantity.
In this State tho yield Is rather ANAL; and the
crop haa suffered tp somo parta OF Iowa by
lands. Hut Kansas aud Nebrusks report ae II large IRE
: crop, end The Yield In tle East is saall euough
to mRke that section = good customer for West
ern corn. The quality Of tho uew crop Is getl.
orally reported to be irstclass. II was we'll
developed under hlGh tenpc1ature In septen-
that rea1on, will bear keeping. 1t IL 20 tai that.
though Matuted early, 1t was not ht
to forward to market tul after it hal been
subjected 70 heavy fsosts; and comparatively
low psGos In thH tlsumn did not !nyt.e to carly
shipment For these reasons there wAs = gen.
cyal dlspo<on 10 crib the new cusn, anl the
receipts hera have been light thu. far; though
promiAlnk to be fair between nos and the orcn,
iqg Of navigation. II seems probable, however,
tAat tho corn movement Of the cunning year vii
b. comparatively light, unlesa much highs,
g, pFices than those Of 1873 should draw Il cut
Many holders will undoubtedly prefer to keep
years without danger Of spelling, and may b,
used 70 advantage III ease Of acompa1atlys crop
failure u the future,
WIZ n cR pAkr
'Ths following table giYee Al kpproximato4
statement y. tie cofu Crups in the United State
IN several past years. Tleas figure. aIe not q
precise - some that ase published; but they Il,
probably - near 10 the truth 8 tho circuIn
stances Of tho c4se viii warrant: