The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1879-05-12
CHICAGO.
business Last week-The Grain and
Lumber hTnFheta.

/
CHICAGO, May 10.-A fair and STEADY
demand for money has existed during tht
week, but the offerings Of good paper have
been below the wishes Of our leading dis
count houses. Rates have been steady
and uniform at 5as per cent on call, and
las per cent on time. For small amounts
borrowers had to pay Gallo per cent The
leading applicants for the needtul were
Board OF Trade men, and q fair per cent.
age Of the funds here Is tied up In carry.
ing the stocks Of cereals aud hog products
In elevators and warehouses. Notwith.
standing the lakes are uaobssfucted and
railroad cars in ample supply, the move.
ment OF STUFF TO the seGboard is light.
Freights by lake are low, on the basis Of
three cents per bushel for grain to Buffalo,
while the railroads are taking grain at lba
20 per 100 pounds 10 New York.
One reason for the meager shipments Is
that the prices Of grain here and at the
seaboard are not wide enough apart to
offer inducements to shippers. Our ele.
vators are well filed, and the receipts OF
grain by rail and canal are increasing
The stock Of grain in sight In the States
and Canada on the Sd inst, was SO, 100, 600
bushels, and Of this amount Chicago ele-
vators contained II ,60i, ,996 bushels. The
grain markets have been variable, but
trmer and higher, and for wheat very un.
certain, owing TO the manipulations Of the
large holders.
The movement Of currency has been
moderate and the receipts have exceeded
the shipments. The clearings Of the Chi.
cago banks during the week amounted TO
S2O,0SS, ,624 40, an increase OF g, ,9l0, $40 AZ
over those OF the corresponding week last
year.
Lumber by the cargo has arrived rather
sparingly. The low an improbable prices
for the past two weeks made manutactur.
ers lessen the production, and pile up
what they had on hand until values i'm.
proved. Buyers show willingness to
take hold, and within week an advance
ot 26aS7ic per 1000 feet has been estab-
lished.
Real estate has been tirm, and the trans
fers Of sufficient magnitude 10 warrant
the marke tbeing called fairly active.
The trade OF the city has been active for
the season, but the movement OF merch-
andise not equal that Of the past few
weeks. Merchants report collections up to
the general average.
During the week the receipts and ship
ments Of the articles named foot ut,:
Receipts-Flour, 87,067 brls. grain, j, l,9l4,-
eS4 bush. hogs, S9, ,992 head. Shipments ,
Flour, 1884 brls.; grain, 2,20l ,097 bush.
pork, $3.50 brls.; lard, 10,920,79l lbs.
meats, 9, ,729, ,026 lbs.
AsrRIKE ENDED.
The recent deadlock between the
sailors and yessel.owners has come TO an
end. the sailors agreeing TO work at 81 so
perday, figure midway between the 81 Is
offered and the 81 rs demanded. But
now that the strike is over, the vessel.
men are confronted with new and
equally unpleasant difficulty lack Of
charters. The Chicago elevators are burst
ing with grain, but the owners Of the pro-
duce are men Of unlimited capital and
ability to carry their stocks Of grain to
the time when, as they confidently expect,
they can realize profit sufficient to pay
them for the long wait and the risk. In
consequence there Is but little demand for
grain-carrying vessels, and owners and
sailors alike are gloomy and unsatished.