, 1879-07-13

: The recent backwardness of British buyers in
paying cost prices tor corn is partially due to
the fact that great deal of corn has arrived in
England in such poor condition that the parties
handling it we're afraid to place it in store. This
corn was shipped in tile early spring, after hag-
ing been sbellcd during the damps of winter.
Operators ought to know by this time that
wiuter-shelled corn cannot be depended on to
bear IN ocean voyagc in warm weather, and
such corn ought not to be shipped across the
Atlantic unless under special circumstances.
Corn that Is not dry should be consumed at
home.
The leading produce markets we're much
steadier Saturday, with less volume Of business
doing Some Of them we're quite sluggish. espe-
cIal1y BY comparison with the active excitement
OF the two previous days. Provisions were
easier, the market during the greater part of
the day averaging about 216c below the closing
prices Of Friday, in sympathy with tame feel
ing In hogs. Wheat was irmer, though British
adriccs indicated an easy feeling on the other
side OF the Atlantic, with buyers less disposed
to operate on account Of more favorable weather
for the home crop. The feeling here was, how
ever, not SO much dependent upon foreign news
as on the fact that reaction from recent weak
ness WAS in the natural order Of things. There
was q fair demand for winter wheat at
about &c above the prices for the correspond
ing spring grades. There was some export
demand for -four, but buyers offered about 15c
pcr brl less than the market of last Wednesday.
Corn vas tame but quite steady, With little
change in prices. Oats we're quite and shade
better. Rye was scarce, and stronger on futures
Barley was inactive, with some disposition to
expect an advance on the new crop, as both the
old barley and matt are pretty well used up,
and the new crop is not supposed to be very
big one, and the quality has been somewhat in-
jured by the recent rains. A letter from Canada
states that the barley there promises to yield
abundantly. It Is too early to tell what the har-
vest will be, but everything now indicates that
there will be large crop.
There WIS general disposition in provision
circles to regard the recent excitement as un-
warranted By the facts in the South But it
was also asked if the sharp decline did not prove
that the market had previously ruled higher
than vas justified BY the circumstances of the
case, Such big stocks, with liberal supply OF
hogs every reek, we're 3 standing menace to
high prices, and great many feared tumble,
but did not dare to operate in that direction.
1.-The crowd was long" on stuff, and upheld the
market. for that reason, till the sharp blow
came which rendered them powerlcss, when the
previous strength became the greatest element
Of ofWcakness.
Lake frleehts we're 1rmer, under O good de-
mand- with few vessels offering. For corn to
Buffalo &c was bid, and 21{c was understood to
be the asking rate. For wheat to do 215c vas
askcd for sailroom, and. paid for steamer.
Through to New York By lake and canal was |
quoted at 77zc for corn, ana 81<c for wheat.
Through to Boston nominal at lie on corn. Rail
Helghts were steady at 20c per 100 lbs on grain
to New York, but little doing at those figures.
Through rates on meats to Liverpool we're