, 1877-05-17


wdtpercd that certain prominent parties have laid
tl,e!r heads togcthcr this scck in conference hhout
tha ndvifahty Of getting holtt Of The dcal
echrcciy any wheat II cnuing iorNprd. and no nd
VICES that we cnn hear ut Indicate that thctc Ia
any considerable quantity yet In farmcrs' hands.
II our rcccipts ahnuld not increase during next
month from The present starvatton voinmc. there
Is no telling how high prices could be snn teforc
next harvest. provided tho rules OF tho board Of
Trade prohibiting corners can bo evaded- We
cannot say TINT tho attempt will DO
made; and anybody who should opcrnte.
now In tho expectation Of a corner might get 70.
vcsciy bitten. But Il is we'll that the commercial
community thontd havc tts eyes open 10 tho posi-
htty Of sach an event. 70 a. mot 70 be caught too
deeply on tho other side Of the deal. At present
the market secms to bc about even; and most Of
the dealing for such corner, II ono there be. wilt
BE- thing of the future.
There Ia rNom toe reform in shc nattcr Of pro-
vision stock taking. The rcport, a. now present.
ed, causa widespread dissatisfaction. II n broad
y inttmated that some parties In the trade send In
rcsnrns in which thcir own tnorests arc conspltcd
rather than tho truth. II ls understood that when
thoy arc lang tho stocks arc ANAL, and when they
arc short tho stocks arc biz enonEh to weigh down
all Chtfstcndom. Rumor has Il thnt enc time the
stocks aso manipulated for she purpose ot easin4
wel!-known asm from failure, and that another
time they arc twisted In hueh manner a. to result
tho milking OF certain outside operators. 1tts
not by any means certsln that thcrs IL any
truth In thcss ruuors, They may hc made MP out Of
whole cloth; bnt tho conditions OF the case onght
not to be euch as 10 permit them. There IL no
moro rcason why Mr. A ahoutd ,,c saved the pub
licffy attendant On the knowing how many barrels
Of pork arc In hts packing house than there IL why
another bir. A should nut have posted Tho number
Of bnahcls OF corn there Is tn his warehouse When
a man owns the alu1 on his promises. he haa,
A1E j~Ak A. AAN xi.0 Ia.
Of tt,cr business how much he has on hand; but
when that stun really belongs to other people, who
hive bought IT, and hold certain iecea paper which
cntitle them to receive tho property In exchange
therefor, the ownor OF tho warehouse has longer
tho right 10 claim ''prtvacy." Ills business, bc.
con,es public In It's character, md should be open
to public scrutiny. There mus. bo a reform be-
foEo long, or confidence will bo completely de-
siroyed, aud with Il wilt 20 tho tsAdo which now
forms an Important item in the aggregate Of
Chicago commerce.
Tho lending produce markets were gencfnl1J tame
yesterday. Most at them wcro weak ut tho out.
sot- and slcadier afterwards, witlrah upward tens
Icncy. Fine weather here. and a downward turn
In Tho foreign markets, cauacd depression flcre.
consols were quoted a.11 OF, but the fcvcr IN
btcsdstufs has evidently abatca on tho other side
OF tho Atlantic, md some ad71ces noted that the
markets there were heavy under large offerings
from spectators who had bought previously under
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outtcr and chccse markets. stockx arc aceama.
!a.ing' sna p9'ecs sFe s'suua,J CASING o"' p3'eo
fruits ctntinns to more On heeEal sealc. ana Tho
market maintains hFm tone fiah wcFo without
q1otabe ehangc. IN the ot' matkct ttete wan
tcasontbc degree OF activity at GENERALLY well sus.
,tatncd prices, decline In carbon OF Nc being tho
only change noted. Linscod ID tcndIng higher, In
sympathy with tho Eastern market. DhRgInE3'to
bacco, anu wood were unchanged.