The crisis. (Chillicothe, Livingston Co., Mo.) 1877-1878, 1877-12-13
THE MARKETS.
WEEKLY GRAIN REVIEW.

We are indebted to Messrs. Powers
Lyndc ~ Co., of Kansas City, for the follow.
ing reliable review of the grain trade:
Whcat-In our home markets for the past
week there has been steady shrinkagc o
values Of both winter and spring samples
for cash, aud early deliveries. while prices
of futures have been well maintained. For.
eign orders have been lighter and to l%c
lower, while the general movement tc
market continues to add to the stocks in
sight" which, on November "a, were csti-
mated ut over 12,S0O.00O bushels. or an in
crease of nearly l,SOO,OOO bushels over pre-
vious week, Export cearanccs for the
week ending November 2S show falling
or from previous week Of 81 per cent.
Imports into Great Britain are still un-
usually large, arrivals from Russian ports
favored by II mild season, and from India,
contributing largely to British supplies.
English markets show no Improvement and
continental demands have fallen off. Farm
ers deliveries in the United Kingdom have
declined to minimum, the present prices
not being sufficient to induce anything like
Il free movement from that quarter. The
embodiment of other powers in the pres
csnt RussO-Turkish war which entered so
largely into the speculation of holders u
week ago, seems now less imminent. The
main Turkish army at Plevna still holds its
own. while ErzcrOum reported as having
yielded to the Russians is still formidable
obstacle to Russian cOnquests in Asia.
Until the reduction of these fOrtresses there
will be no occasion for Intervention, peace
able or otherwise, by interested nations
which would necessarily unsettlc values.
The amount of wheat atloat for the United
Kingdom had fallen off on November ~ to
lO,UOO,OOO bushels, or about three weeks
consumption. Relative values between our
market and Liverpool leave only a fraction
OF margin for shipment.
Corn-Valucs in this cereal advanced
rapidly at Chicago, up to the close OF the
last month, due entirely to manipulation,
and when the squeeze" had forced settle
mcnts of November contracts at fastidiOus
figures they as suddenly broke away with
the opening of December. Light receipts
at all points of the old crop, forms the no.
ticeable feature, and recurrence of wet
weather in these latitudes promises to de-
lay still later the maturity of the new crop.
Under the stimulus of high prices last
month large shipments OF new corn went
forward realizing handsome returns, but the
present decline admits of no margin to
buyers at country points at last weeks fig
ures. So much of the new crop coming in
is unfit for transportation, that we advise
shippers to hold off till more favorable
weather improves the quality.
Oats-ln this grain, the movement has
been light all around without any variation
in values.
Rye-Stocks in sight show decrease for
the week, of 100000 bus. EXportclearancca
have increased slightly, while the forward
movement from interior points has decln-
ed over 30 per cent. Values comparatively
unchanged.
Freights-Lake navigation from Chicago
has closed. No change in rail freights.
New York-Wheat steady; No. 9, milwaukee,
spring S1,32. Rye, western. Il
and Tie. Corn, flrmcr; High mixed, 55c
white western, SOC.
st. Louis-Wheat steady; No. 8 red, S1.21
Corn 47c; Rye, steady, 56c, Cattle, bes
shipping steers, $3.50 90 $40; Texans 1921
a S3.75, Hogs, packing, S4,OO G0 S4.4O
Chicago-Wheat, higher. No. g. spring
$1.OS No. 8, 1927; Corn, 42c; Oats, 242+
Cattle, Colorados, S2,S5 90 S305; Texans
$3.50 "a 1925. Hogs. mixed packers, A,2I
61 $3.50. Light, S420 "a S4.25.
KANSAS CRY. - Wheat, winter, No. 2
Sl.102s; NO.3 1.O524; Corn, No. 2, Sic
Oats No. 2, 1S. Cattle-Colorado nativ,
steers, 1925; Texas steers, 1925; packing
cows. S2.40. Hogs, packers, $3.50 a S40O
stockers 1920 aS35O.