, 1879-05-18

Com. Du... ttDs Ia c7Dt 0to AtSA"s o-@
The microscopical subsection Of the scien-
tt6c section OF the Board of Trade made the
GRAND tour Of the elevators Friday in search OF
secured wheat. Tic scofrers say that some Of
the investigators were scared to see lot of
what they took for roc's eggs under the glass,
or rather would have taken them for those 1t
t},ey hae ever read the voyages Of Sinbad. We
believe, however, that the Arabian Knights
never attacked windmill.
Itis rumored that the Springfield Committee
appointed to investigate that celebrated car
load of corn will report "to the disfaVor" " OF
the present system Of inspection Drake!
.swhere is thy sting?" /. =.
We intended to say in Saturdays issue that .
comparison of receipts and shipments aud pro-
ducton since March 1, taking the reported stock
then and allowing 10000 tcs for three houses
making no report, would give 195,le tcs as the
stock of LARD now in this city.
Dornbusch gives general reports from France
to date April 81, the general tenor Of which is
to the effect that the wheat crop was generally
backward at that time. j. 8. :.
Speaking OF the wheat market in this city. the
"Echocs OF the Board" says: Undoubtedly
the condition of the growing wheat crop in Eu-
rome is the cause OF this strong tone the market
Q4E tAU1UlLtQ. 4uc c0cElCAaEA 0CAEA1-E Ill
cd Kingdom and on the Continent. warrant the
assertion that Europe will require quite as
much, from us during the next crop year as
she has consumed during this, and the back
ward condition Of the growing crops IS such as
to Justify the belief that she will be compelled
to draw upon us at least one month longer than
usual, before she can count upon using her
homegrown product. Viewed in this light the
hi .,x~.f1 mn.
ters into notice. III considering the situation"
4 good deal, or rather great deal, has been
said about the action Of the wheat clique, the
peculiar clique referred to being the one sup
posed to exist In Wall street. Folks here are
atrributing to it all sorts OF tricks, when it
would really seem that the recent policy OF the
clique has been to do nothing but hold offa and
let the local operators trade among themselves.
It is difficult to understand tile recent course OF
the wheat market, unless by taking this supposi-
tion as basis OF the reasoning. The ups and
downs Of the market have simply resulted iu
settlements without bringing out any large vol
ume of wheat. .'Of course it is imposs:-
BILE to see what will be done in the
future, but the free outward movement
of the wheat within the past two or three days
may be accepted BY some as an indication that
placed on this market at all. This idea has been
largely instrumental in sustaining the market
recently. Some folks thought they had d
"pointer u Saturday in the fact that SPOT wheat
was at one time bid up to within about 4c Of
the price for June which seemed to turn the
market for the latter when it WIS aI the lowest
point. But it was only a momcntary flash.
Most OF the No. 2 wheat bought was taken to
csrry against June contracts.
Tie leading produce markets were rather
quiet Saturday, in the aggregate. Wheat was
easier, being depressed By fine weather and re-
ports Of duilness In Liverpool and New York.
Corn was steady, with fair shipping demand.
Oats were quiet but firmer. Rye steady and
barley dull, with little change. Provisions
exhibited some reaction, in sympathy with
frmness In hogs There was not much doing IN
the freight department. Carriers asked Sc tor
corn b7 sail to Buffalo, and shippers bid 23Ic
rather sparingty. There is no doubt that grain
is nor being carried from this city at 12]1c per
100 lbs to New York, and some operators we're
specializing on the probability Of d fursher drop
to not more than 10c, while some placed even q
1o,,o. 6r-, ~n nc tho ,jp;D,,,Y,o J..