The crisis. (Chillicothe, Livingston Co., Mo.) 1877-1878, 1878-01-24
THE MARKETS.
WEEKLY GRAIN REVIEW.

We are indebted to Messrs. Powers,
Lynde & Co.. of Kansas City, for the follow
ing reliable review of the grain trade:
Wheat-At the opening of the past week
some war rumor gave "spurt" to values
of breadstuffs in our markets, but twenty
four hours afterward reaction set in, fol-
lowed by a general depression, which, at
this present moment, seems to pervade for
eign markets as we'll as our own. Chief
among the causes is the understanding be-
tween Russia and Turkey for an armistice
and the probable early settlement of peace.
Then there are high ocean frelghts during
winter season, u scarcity of tonnage at
present, and a general desire on the part of
monied institutions to curtail loans. COM
pelling present holders to realize. All
these are working with concentrated Cf-
feet upon our markets, which. under the
circumstances, have developed more than
expected strength. Our foreign advices still
tell of short yields and damaged qualities
of wheat in Northern and Southern France,
Sweden, Russia and Great Britain, neccssi-
tating the full requirements from imports
estimated early in the season. Tho closing
of the Baltic Sea to all vessels but those of
the countries bordering thereon is threaten
ed. In such a case Great Britain would, for
time, be cut off from large supplies Sc
cured there. Imports into Great Britain
for the week ending January s. show n sup
ply over consumption OF 100000 bus, but
cargoes on passage have been reduced to
10,0OO0O0 bus. with the prospect of still
further material reduction in the next thir-
ty days. The movement to interior markets
and the seaboard shows some improvement.
Export clearances for the week ending Jan
Q, were 1,071 1888 bus, gain Of 800, 900 bus.
over previous week.
"yisible supply" in U. s. and Canada,
January So, SOL 100 bus, or 1900 bus. less
than previous week.
Corn-values of old and No. 2 corn con-
tinue firm with only light movement to
market, The unsatisfactory condition of
new crop has had demorallzing effect up
on shippers, There has been general ten
dency on the part Of the country to realize,
not wishing to crib. and the result has been
the forcing into market Of large quantities
of soft and damaged corn not desirable for
storage, and saleable only for immediate
use.
With present frosty weather continuing,
1t would appear to be the part of discretion
with shippers, to withhold for at least two
weeks longer as far as possible all
new corn from market. Supplies In Great
Britain are light, and, with sound sample
for export, we may look for an active de-
mand without further decline In value.
Oats-No change to note. Values contin-
ue steady with good demand at highest
quotations.
Rye-There is slight increase in stocks,
and prices are steady with all offerings
readily taken. Onlya limited amount taken
for export.
Frefghts-From our city to Chicago the
rate ON corn has been reduced to zoe per
GENITAL, and to st, Louis 16c, Wheat rates
are unchanged.
New York-Wheat. Chicago spring, 81 80;
No. 2 winter red. S1,34. Corn, yellow vest
ern. 52hc.
Chlcago-wheat. No. 2 spring. $1.os cash.
Corn, 40c. Cattle. steers, SS.00@3. .12L.
Hogs, packing. S9.90@4.00.
St. Louis-Wheat, No. 8 red, 81 10; No. 2