, 1879-05-24

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mixed. car No. spring, 01 cnss No. do, III
ears Mo. do, 81 cara rejected, ears no grade
C253 whcat); car yellow corn. 258 cars high
mt1ct. 4 cars new do y cars new mlxod. 80 cats
ami 1850 bu No. 2 corn, 10 ears rc}cctcd (5o2
cotn); l car No. onts, Is cars No. white, G3
cars No mixed, 20 carsre]ccscd tt62 oats); ID
cars No. ryo, + cara rejected do; . cars No.
barley, l car feed. Total ,01 cars), G0,0o
bu. Inspected out: o63, $40 bit wliuat, 205I020
bu corn, 11,802 bu oats, 1854 bu bnrlcy.
The report alluded to In our fsauo Of yrster-
day, that Keene wheat had been vainfy Offered
in England, seems to hare operated noto bear-
ish,y In Nrw York than there. Tic quantity
said 10 havo been offered was 10000 1rs, or ono
quarter Of tic lot supposed tn be held hero by
Kccne capital. Something or other must have
occurred to cause the weakness reported
from Liverpool, The fact OF lower
frctght-rates over land and ocean may
hnro had something to do With II; but tllo
people on the other side Of the Atlantic aro
understood to want large quantities Of whent,
and may hare boon told TINT not much remains
In farmers hands here. In which case the
"stsible supply" would be n mere bagatcllc.
But tho offoring ot big blccks Of wheat there by
telegraph might scare buyers Into lcttinE 1t
severely alonG by Inducing tho bclict that
American holders nrc forccl to let 20, II, "h1ch
case important concessions might be obtatncd by
holding ofr for few days. Now York Inns takcn
It's cuo from Liverpool, afd quotes lower prtces.
though It was alrcstly within about 3c Of Chi
ca0o prices out Of store. Tho question now Is,
which end Of tho line wltl hare to give wayl II
| New York capital cannot control the market at
| homo what can II 10 q thousand nltlcB further
Wostl
English buyers arc evidently disposed to opc-
rato only from hnnd to mouth. At tho latest
null advlccs they we're waiting to sec tho
strength put forth here on the opening OF naVl-
CATION, n they always do at this scason. Under
date OF a1ay +, II. 4. jackson writes In Dorm
busch:
show tic catda TINT America sin holds. whether
tho fSo sapp9 Ill.,
sna!,. As matter Of probability, these reserves
haye been psobably undcrsatel. since prlces t taf
keep At the same ti.ne America tniRnt wcll hold
should future crop prospccta stamp them wlth
The. stress and hurry OF harvest work oTcr The
American Continent Is scarcely time for mnsket m
activity, nor does the nresont ontlook seem lkoly
to hurry forward the Hsw @ crop a. u was done IN
mssns nal @ tat M sish d., ordinary W scaaon tho ssrras
production Of American wheat may now alwaYs 10
regarded ns sct.oF IT, any ordinary European tio-
cnunterbalanco m extraordinary deficiency that
made tho Continent u boter wheat customer TO tho
Unltad States than bus been the Cnited Klngdom'
European operators probably hear with mucl,
surprisc that thu anticipated water movement ia
paralyzcd By railroad competition fot the first
time III our history. They probably do not
understand 1t, but full to recognize 1t as much
OF blessing, as they hare son,o itlca that wleat
ut least would bo furnished them Us chcaplY II
frc9hts Wcfu higher.
may be so Ia the caso oi wheat, which Ia ail.
doustcdly hold up here by tic belief TINT 1t Is
cheap 10 The European consumer nt s1.00 per bu
Ia Chicago. But with regard to other grain and
provisions, tho low fra!gllts now ruling hnvo I'm
meuscly cheapencd prices across tho Atlantic
Corr at Is 3Ifd per 100 Tbs Is only 51Ac pcr BIZ
ur very littte moro than 1c per ID. Lard ut 83:
Cd per liz lbs means almost precisely 7c per ID
and m!1dcs nj COS nEe about 519c pcr ID. Tllest
arc Wholesale prizes, but they mean very clicaT
food to tic peuplc, as the English rotailgr Il
content with smaller profit than tint demand
cd by bis American cousin. Tho only dlal.ult]
In these hard times ncross tho water is, ns th'
Ccltic gentleman put II, ito aud the slxpeuc'
to buy with"
The leading produce markets were irregular
and nervous yesterday, especially in bread
stuffs. There was good export demand 10
flour, which kopt TINT market tlrm, md whoa
was higher, but uncertain, so that It coutt
scarcely be called stronger, tic outside now
not belng favorable to nn ADVANCE IN prices
: Corn was less acttyc, md quite weak, chiefly n
a consequence OF good rocefpts md fair cro
prospects. The market was full Of corn, wit1
no trading points, In contrast to previous day