Weekly Chillicothe crisis., 1879-05-29
COMMERCIAL


We are indebted to NGssrs. Iynde,
Wright & Co., of kansas City, for the following
reliable review of the grain trade:
WHEAT-Foreign markets during the week
have ruled heavy, and Liverpool is quoted two
pence per Genital lower on spring wheat with
no change in winter. change to warmer
weather in England, which may have extended
to the Continent, has improved the crop pros
poets, and farmers throughout the United
Kingdom are feeling more comfortable. Ar
rivals at the principal ports in Great Britain
have been only fair, and with the home deliv-
cries have not been mp to actual demands for
consumption.
Late advices also show large purchases of
wheat at st. Petersburg from South Germany.
English mlllers are not laying in stocks but
buy sparingly, and seem in no way disturbed
at the manipulated advance in our markets.
In our home markets values are unchanged
there have been the usual fluctuations. but
prices invariably come back to last week $
quotations.
There is no change in the deal at Chicago
and Milwaukee. The clique still own the
cash wheat, and are large buyers of June and
July options. ScabOard markets. in sympathy
with foreign demands, are relatively low with
| interior markets.
At New York, No.2 spring (the speculative
| grade in Chicago and Milwaukee, is quoted at
Sl,0i, while at Chicago the same grade is SELL
ing at 5l,O2$i n bus. on board cars. In these
same spring wheat markets, No. 3spring wheat
is selling at 20c a bus. below No. 9, while or
dinarily the difference is Sc, and actually for
manufacturing purposes they would not be
more than &c apart. The difference shows how
badly strained the values arc at Chicago and
Milwaukee. Receipts ut both points have been
large, and continue so, though those who have
Travelled over the Northwest claim but little
wheat is left to be marketed.
From all sections, the general reports arc
on an average favorable for fair crop What
the prices of the next two months may be
would be difficult to fOrCshadow. We have q
visible supply of II, 100000 bus. with libera
daily receipts and favorable prospects for an
other large crop which will commence MOVING
to market within 50 days.
Foreign markets are daily weakening in
stead of improving and will draw largely from
ports in northern Europe now opened To nav
igatiOn. Against these factors we have the re
ports that the supplies from producing point
will soon fall entirely away, that the harvest
ing in spring wheat sections will be two week.
later imposing increased requirements from
present crop for export, that three or foul
men own 8 to GOOO,000 bus. actual grain of tn,
highest grades, and also own contracts for al
much more to he delivered to them du,inl
June and July and that the possessors of thes
enormous amounts can dictate prices to OK
portcrs and short sellers. On the one side i
is claimed No. spring will sell in Chicago a
sl.25 before another crop, while on the othe
side the price is fixed at Soc bus. Between
these figures there are plenty of room for spec
ulators to indulge whatever theory thel
choose.
CORS-English markets have declined on,
penny per GENITAL. Our own markets are casic
at the seaboard, with exceptionally low
frcights interior markets have not changed
From all corn producing points the plant il
unusually promising.
RYE AND OATs-both of these cereals arc il
active demand and prices for the week havt
improved lc on rye and l 80 on oats. Export
were 05,797 bus. rye and 1853 bus oats
Freights eastward are irregular, and ST.
claimed from Chicago to the scaboard.