, 1879-05-11

N0Eu Du-.. .%-o3-t -s'O 01o ~~10 AAOs WV
The recent official coulab about the grading
Of grain suggests that some Of the So}ons have
reau tie Celtic receipt for growing rlch:
"Dout'e your bank-notes by folding then."
The idea that corn can bc raised in grade By being
raised few feet from the railroad-car or canal
boat to the top Of M elevator is more than sub
limc,-in fact, just one step beyond it..
Beerbohm reported strong European wheat
markets Saturday, and the words "Contincntal
demand" appeared twice in his dispatch That
was enough to incite the cry "manipulation.'
There are few men on 'Chauge who see manip-
ulation in every little advance. while every
decline Is only the result of natural causes,
the market going down OF its own weight.
There are few others who see things exactly
the other way; with them an advance is natural,
and no decline occnrrs without being forced By
the bears. Samples of each Of these classes
we're furnished few days ago. A reporter
asked Mr.. B what he thought Of the wheat
market. The reply was: SWELL now, the mar
krt is pretty weak. They have been doing their
very best to make it 20 up, and it don't bulge
bit-'' Half minute afterwards Mr.. D. replied
to the same question: 9'Thc market was quite
strong. They have been hammering and
pounding on it all the morning, and itdon't 60
X0Nn q D1Is' OuE uECu ~ ASh 1u hAAlA
side of the deal the sympathies Of each Of these
operators we're enlisted.
Reports indicate that there will be large in
crease in the corn crop this year If weather per-
mits. The land has been dry enough this spring
to permit corn to be planted down to the bitches
where the area was limited, and has enabled
farmers to cover good deal more ground than
usual when they had a choice OF room.
wv -Jrr&- ~
day, with less doing in the aggregate. Provts-
ions were very quiet, with not much change in
prices, though easier early in sympathy With
lower prices Tor hogs. Wheat sold higher, but
was unsettled, though the British markets we're
| stronger, with good Continental demand, and
| uuiavoraole weather in England. The
| report that rain had fallen freely
over large part of Minnesota,
| coupled with the fear that wheat deliveries
| would be large here in the afternoon to save the
payment Of accumulating storage charges,
tended to aepress prices, and the downward
tendency seemed to be checked chiefly By the
existence Of an active shipping demand, which
caused further advance OF about .1c in the
price Of No. 3. It WAS understood that several
| large shipping orders were here from Europe,
aud the difference in price between No. 2 and 8,
pers to prefer the latter, though the difference
| tn quality is wider than it was few months
| ago. Corn was in very good demand for ship
ment, and cash lots were tir1ner, while futures
were steady, being sustained by the strength in
SPOT The character OF the inspection tends to
throw more corn into the sample department,
but sample lots we're strong, rejected
free on board being nearly equal
| --:on {o in ctorn 0ata
were t1rmer early, but closed easier. Rye was
stronger, anu barley showed little change. Lake
freights were moderately active Saturday, and
nomiua}ly firm at Be- on corn to Buffalo, car
riers stoutly denying the rumors Of undcrcut-
| ting. l. was understood that Erie Canal rates
,-ere down 20 the lowest point ever known IN the
| history OF the trade. The canal rute to New
| York was quoted ut &c on corn, being 414c, in
| GLIDING Buffalo charges, and making it possible
| to take corn through to New York bY lake and
canal at 71zc per bu.
There was nothing new Of special importance
to be noted IN connection with the market for
staple aud domestic dry goods. A satisfactory
business is i'll progress, and prices are apparently
as firm as at any time since the opening Of the
| spring season. Groceries met With liberal
demand from the city and country trade, and
prices were rm for nearly all articles in the list
Rice was reported in active request, with an I'D
ward tendency, stocks being light. A very hrm
feeling in sugars was also noted. The butter
market was fairly active, and as the receipts
continue moderate prices are firm all around
with choice table grades held triae higher tha1
at tile beginning Of the week. There was nt
perceptiblc Improvement in the cheese market
tradc continuing dull, with prices only fndif1er
| anil ofn rFr