, 1879-01-01

small Ia early summer. They afterwards ln-
creased 70 three or fotlr million bushelsi but
the Heating session. Wa then oycr.
During the frs: three months of the year thn
trading III futures was chiefly Tor May delivery.
lherr was very large demand for that month
nt tgarrcntquotatfons; su tnlIc!l was uantc.l that
IL .ceh'ei as II sunie of our leading dealers
could not gct enough 70 Oil the.F orders.
May eorn to be- CHEAP at ~ pcr bu
have held entirely aloof from It during the ptst
few months, though offered At 70lsc per BIT
lcss than In the early part OF the yesr. This dc.
1rcithts ia the latter part OF winter, which
checked land shIpment and enabled lake carriers
~ c'cet some improvement III rates At the open-
Ing Of navigation.
N TH1 SUMNER,
tne foreign and Eastern demand WAS steadily
Rool. Europcan bu1ers founI that there was
no danger Of being overwhelmed by Danubian
corn, which sotnc tld feared would BE- the raso
Whcn peace was made. On tho contrary, they
dlscoycred that they must look arross tie At
'antc for nearly their w'lole 81 ppty and 40 thsr
otders came thick AID !as. to Chicago. All
through May, June, and July, and the first half
OF August. our large arrivals OF corn were taken
10 eagerly by shippers that Ia each OF these
tionths cash curD commanded a premium over
lutures,-which Is something unusual. This
stimnta:ed SPECULATION to kol,e extent making
ths market fairly active for future delivery.
M!teI ths middle of August thc shipping dc
III
10 oe Understood that the growing crop
would be magnificent yield, and buycrs held
pack Tor lower prices. Our sto.ks el.en accumu-
,a,eu !l vefy Fandly running up to some I 900 o0
busliEls IN September. with corresponding de-.
cline III quotations. rhc demaul did not much
if1prore during October. but The lower prices,
VIVA the iact that many farmsFs were busy IN
tt!s hc'ds, reduced the volume Of nur iaiIy sup
piles 40 much thai stutks again DECREASED: pnd
" the close OF navigation, Our bins we're nearly
bara ot corn.
IN November threatened rise IN rail frc!ehts
induced better shipping demand fos corn to
tnauirr tor loading vessels 10 lie in The I,arbor
during wtnter. This was helped by the cxpcrl.
eflcc or eight 10 ten months previously with tic
then Ecw corl. They now wanted 10 secure the
be dcocndeu upon, before 1t becamc mixed viii,
nffaVAIs from tho new crUp OF 1873. Meantime
TnE NEW CORN
began to arrive very freely, aud fu unusually
tood condition, and speculative buyers shrAnk
back III fear of being overwhelmed by Il during
tho winter. The resul, was .iro6 to 70 LOVER iower
prices than had ever been experienced ainrc tho
break following the pantc Of 1873, and dipping
fur down towards this bottom figures Of iSNi,
when mixed ~ Sorls sold IN thss market tseptcm.
big Yield, and arrived III marketable order earlier
tilan uhy inrtner crop. except that OF 1860, tho
condition being especially good by contrast with
that ot Tue ysar preceding. Al eariy As two
niotths ago plenty OF new corn was mixed Will,
t'stlo oil IN the country, aud on arrival herc
was alI graded a. No. 4, the lnspcctots nut being
able to t'ist.nguisl, 1t from old corn The excet
t!onal character of tile crop may b Inferred
from the fnrt that parties ia tho country who
arc buying to crib Tor next summers delivery,
arc accepting Is fts OF ears as bushcj, a1ii
tunle OF them even haye taken 20 Us, where Mj
lbs has been tbs rule In previous wears.
PRICES.
TIE following tab1e shows tho month1y rnnre
nt1tf The nYcrnRn nrlre on No. q corn fhrnn nlnus