, 1879-07-20

/ fact that cash wheat continued to Dc locked MP
| none being delivered. But the unsettled feel
| ing told on the 10th, when provisions were de
| moraliZed by reports OF yellow fever, and wheat
has been unsettled ever since, as strong parties
| held aloof from the July deal in Whent. The
| "beginuing Of the end cast its shadow on the
| floor during Thursday, when the July premium
| disappeared The shadow deepcned Oh Friday,
| as July fell to discount Of lc as compared with
| August, under large offerings from parties who
thought they heard the rumblings Of the storm,
| and those Of the July longs wbo had not nre,
pared during those two days found1 themselves
weighted down Saturday morning with wheat
for which they had no present use, except to
! sell II for what they could get.
It is suEmised that up to about . month ago
the original programme ofesbtr. Keene was un-
changed. he had intended to ship the wheat
to Europe, and expected to make a profit By
doing SO. But the ayldity with Which buyers
here took hold In the middle Of last month
pointed out this city as "the best m arket IN the
world Tor the property" and SO 1t was sold here.
And this III there be no mistake in the con-
clusions) passes into history the biggest grain
transaction on record. When and how the
grain itself will pass into consumption is an
otEtF uAttttt LAC 44Atul4 u WHICH AaAes ~ @o4A
later, il at all.
There was large shipping demand for wheat,
both from New York houses and English firms,
and probably the bulk OF the wheat sold for
: July was taken up for these parties, who had
been waiting for it to be thrown on the market.
There were also several orders here for winter
wheat to ship.
The temporary suspension Of one Of the most
prominent operators in the trade was rumored
early, and It vas afterwards stated that friends
had rallied around him, 30 that be viii be tall
right +" this week. It is great wonder that SO
few have been embarrassed BY the severe decline
Of the past few days; the fact speaks volumes
for the solvency of the trade
Other grain was steadier, with fair demand,
though corn was easier. Oats were shade
firmcr, and rye unchanged. There Was again
fair export demand for -four, apparently uuin-
1ucnced by the decentralization in wheat circles.
Provisions were rather unsettled, but the range
Of prices was narrow one.
Lake frcights were in good demand and q
shade firmer, at 2@21Sc on corn to Buffalo, and
2A@23Sc for wheat to do. Through to New
York by lake aud canal wa. quoted at 714@719c
for corn, and 6098l4c for wheat Through to
Boston nominal at lie on corn. Rail frcights
wero steady at zoe per 100 lbs on grain to New
York. but little doing at those figures. Through
rates on meats to Liverpool we're quoted at 40@
4214c per 100 lbs, and Sc to Antw erp.
The dry-goods market more an exceedingly
quiet look. Only few scattering buyers were
to be seen, and the volume Of mail orders also
was light. Nothing occurred to disturb the
steady frmnces Of values, the market both for
cotton and wooden grades remaining strong.
Boots and shoes were in moderate request at
full prices. Jobbers look forward TO an early
opening Of the fall trade and general advance
in prices In the grocery market there was
wcll-sustained activity, and, excepting sugars,
in which there was developed slightly easier
feeling, prices were firmly supported all
around. Coffees especially were strong. There
was fair activity in the butter and cheese mar
kets, and both Of these staple articles were
firm, the latter having advanced A@15c during
the week, in response to an Upward movement
at the Eaat. Dried fruits continue quiet, but
the market is firm for all descriptions, while
for raisins and prunes higher prices are asked.
Fish remained steady rs last quoted. Oils,
paints, and colors were quiet and unchanged.
There was good demand for grain-bags at the
recent advance. Tobacco remains firm. Coal
wab dull and unchanged.
Lumber was quiet at the docks. A few loads
were taken at recent prices. The gard market
was steady, with fair sales IN the aggregate.
The receipts the present week are expected to
be smaller than recently. Some Of the mill
men are out of logs, and others think they will
hold their stock fur the fall trade and better
prices. Seeds were quiet, timothy being strong
er, and daI steady at the late rise. Hides we're
quiet Hay was firm, being in good demand
and very scarce. Some salce at country points
we're reported at relatively higher prices than
the last paid here. Broom-corn, wool, and salt
were unchanged. The demand for poultry was
fair, and chickens, plump and fresh. sold readily
at recent outside prices. Green fruits were in
good local demand and easier at the last, the
offerings being liberal.
MOVEMENT OF WHEAT.
The following shows the receipts and chip
mcnts of wheat at points named Saturday:
R<c<ired. Shtpped.