, 1877-08-11

current market ptlce tho old samples now there
II the quality eoa! be Guaranteed ~ cQua! to The
sumptc sent. There will soon bt enough new
wheat In hero TO establish quality Satisfactorily,
and there Is no doubt that good demand wilt bo
found for II.
wheat III this market hotnc time ago. rcElcr August.
Tho price averaged abont 81. 20 per bn: snd he
sold It tn Liverpool. 10 arrive there In September.
ths petce ha%tur been Falts{aetney pto&f on the
tsanraciEon--prorfdfd, he receives The wheat AMI
delivers 1t according to contract INT the market
has dropped materially since then. Under per.
tIstcnt shots aclliny, with no wheat here Ia
aal The contract. The prospect now Is that the
warat ~i]l not be delivered here. Tho cxpectant
shipper will doubtless be told that he can buJ III
the whcat al nsneh {rss money; bat ftoaa pstscnt
appearances he can only 'hny" . contract which
viii nut ali tue hold OF ve*to With wheat; and he
viii pFusmhty be obliged 10 settle with The par
tics In Llyctpaof BY paYlng them tonnd sum TINT
may exceed $50, coo.
Tho gentleman naturally asks how n,'el, tho
present rules Of tho posta ate responsible tot thts
situation. lie thinks he onrht TO hp able 10 OBJ
tan rr.lsrs. In cquty bnt does nut rec bis way to
gain It. lie hoaght the wheat In good faith, tn.
tending 10 ship it when dca1tcfcd, ant without
thought Of 'sctileHlent Or turning 1t ovcr inlo
September llc thinks Tito wheat ought ~ Dc tlc'
l1scfed In him according to contract. ar ut lcaat
TINT he should bu protected from tuAs. lie ar
gacs, Too. that there ncter woulA have
been sncat persistent short selling ns to hanlmoE
prEeas down below 31.:0. In The face of an actual
prtsenf scarcity, II the bears did not feel ensc OF
being able 10 Trc1c out without fear Of n squeeze
in The othrr direction.
We hero eiato w.sat ls beloved to ho IN ncsnal
case ft!s. however. only fair to tsate that cqual
embarrassment to Intending shippers las been u.
pcricncca in The past nudcE tho operation Of tho
old rules. It 10 matter that Will boar thinking
Of, pcu.llng the present effort TO bring about 4
ehansu back to old conditions.
II wonlt1 bc very nnwtse to assert that tho i'm.
measc speculative trading on 'changs ii IN tnn,it.
isa,cd esii. Tn the eoatsary. It has nften bccn O
e.rst bcncAt 10 The real forwarding trade, susaln
Ing Tho market, and making one where there would
otherwise be atArc61y any demand 1ut It ID high
" desirable that tue rules Of tho Hoard should
protect the interests Of tho men who are enGageh
| In receiving snd shipping The rrodurc thst
| comes into this city; and project them In fueha
way that 'hey need not suffer lo'' y .tsa.se.lon.
se.rroes to III. f,ls Of ueasou. tho o
receiving sui forwarding arc 10 tho whole trado
what The stomach Ia 10 the human body and II lh1t
mo.t mportsnt part b injured. the rest will n!l.
| ma,y]y sudcE ut lcnst Ia equal proportion,
| Tho leading produce markets were moderately
| and RE werp easier, while wheat aud hogs wc,c
slron:rs and there was ittla change In osher do.
| oartmxuts, Tho rrceIpts vg Tho day were tho
largest Ut the .cston, ali grain, except harley,
shpNtpx decided tncrrnse but the effect on p.icrs
wa not 30 great rs might hsys been expected.
| lhuuch . scarcity of freight room retarded tho
.hippn. movement,
| Tho dry.roo market v.s scportcd auiet .nd
| r.rc,,,Ir sicadv. print. rrm.,n anmeuhst un.c,.
lied. ani most or thn standard mskcs haye NOW
been teduerd to 6tsc. Groceries wero rraaon.h,v
| .rtiyc and prerIou. n7ter, vern WI, sa,t.ln-a
r,,,n,,nr ,,r,,s Thst .t.n,, va. ~ sno,h.r -
| 80 ts @ us -. =. - s.... ~
| Ana ~ss 3u" a4o WEEK ~ t"o teouet'oa' SoAees
| received considerable attention, aud wcfe hFn-
| Rice was held al full nRures. Teas remain qutet
I srd .,-.av In thc bpttcr md rhsr,. m,rt.ts m
.s,,'I =" Wv esss. s""". saN 49,. ~. Nv
| dfc'te4 Changes are kppaECHt- lQcEG WA& q 1kf