, 1879-08-08

stf1Et!'T9s
fETl. ! 1P7a.

|:!:;:: E::' u: ::: 81 '; =!
Withdrawn from store during Wednesday for
city consumption: 1,575 bu wheat, 1,2t0 bu
corn, 1,8t5 bu oats.
The following gratn was fnsr ected Into store
10 thia city yesterday morning: car No.
winter wheat, 81 cara No. 2 do, Is cnrs No. 8
do, II cars rejected, cara no Crude t00 w!ntcr),
10 cars No. spring. aS cars NJ. 8 tlo II cars re-
5ected, ours no grads ti0s spring.; cars
mixed wheat; 150 cars and 5000 bu higtl-mxed
corn, 1 cars nuw mixed; 274 cars nnd q, ,ooO bu
No. corn, 90 cn.s rejected, cars no grade
{410 corn); car No. 1 oats, 10 cars white, IS
cars No. 3 mixed, 90 ours rejected {03
oats); car No. rye, 81 cars and 200 bu No. 3
DO, cars rejected t3l rye); s cars NJ. barloy.
Total t771 cars), BC0, ,U0J bu. inspected out:
1s,o43 bu winter wheat, G0,030 bu spring. ST.
$40 bu corn 18 073 bu oats 81 300 bu rye, 58l bu
barley.
The Chicago produce markets wero irregular
yesterday, aud averaged lower, with a fnir vol:
u1c Of business doing. Lard and wheat tnutcd
downwnTas, and other markets followed tnc OK
ample. Moss pork closed nearly tic samo ~
the previous evening, at ss121,f for September
and s3.171G for October. Lard closed Exc pet
100 lbs lower, At s5.:ni,GGGQ895.s5 for September
anu S5.95Ge5.B71f for October. Short ribs closed
easier, ut sl.12,1 for September. Spring wheat
closed 14c lower, at 8a,:c for Bootc,nbcr and
about the same for October. Winter wheat
cluscd Btcady, at 9lc for No. red usd 00c for
mo. 2 wlnter.'' Corn closed liz lower, NJ SIX
@3ll4c for September. Oats ciuscd 1sc lower,
at o3}1c for cash or tho month. Rye was s,cady
at BOZ. Barley vas quoted At 70c bid for Sep
kN., H..
s3.0013.85 for light and at 81. GO for 1,oavy.
Cattlo wero ucslve and 10,Dl6e higher, with
sulcs at s1.50Gl5.s7t9.
The further decline In provisions was ap-
paFcntlY due to tic anxiety Of lard hotdors to
sui. The belief that the big longs hare l,ccn
unloading free'y induced minor oncs to let 70,
ard the result is yery heavy feeling. w1icl,
Affects pork and meats In sympathy, though tho
inter aro relatively firm. One party offered
yesterday to sell 5000 tea ut $3.50 for septetn-
bcr. Reported iruncsa In hogs seems tn have
little to do with thu feeling, except, perhaps, 10
make holders Of lard think II good time to
acll beforo LOGS should CONC forward moro
freely. ttlicro Is reason, to think tllt good
deal OF fic;]ard has been "placed," aud that
some OF the recent longs hnvo changed over to
tho short s!!e, in the hope Of recovering their
losses III that way. The prospects for n big out
turn OF stuff the coming winter arc said to be
very good, the hogs being numerous
Tic recent decline IN lard has becn severe. 1t
Is believed that the market is now about Ike
per ID below tho avornge price at which tho
combination took hold, involving loss Of sou,c
$3.50, GOO on tho quantity hold bY them. Capital
does not always win in tho struggle With
laboe(lng hears}.
The chcat market Of yesterday may DO char
acterized ~ "stubhoEn " one, giving way but
slowly under tho iullucnco fine weather here,
With qulctncas in Europe. Private cables, how
ever, noted STEADY feeling, buyers not being
affected by the turn In the Weather on fhe other
side Of tho Atlantic. There was SOME reference
snnde hero yesterday to tho decroased rccolDts
ot wheat, md some parties thought It ptopablu
that they will nut agatn bo large without rcac-
tion In prices. There WIS good export demand
for corn, which was favored by thu custer feeling
Ia lake freigllts.
The receipts Of wheat ut tho leading ports on
our scaboard aggregate about 1900, 900 pu for
tho four DAYS Of the week thus inr, which Is at
about thu aame rate OF supply u the previous
week. There are, however, indications tllat the
movement will not he SO large Ia tho near
future,
Some parties Who have been looking over tic
situation claim That the spring wheat crop OF
this country will not average moro than eleven
bushels to tho acre, and that reactton must
set lu when thla Ia known. Hut there Is m I'M
Monso crop Ut winter whoat which h will tako
long tllt.o to exhaust.
4 prominent exporting firm In New York
writes 10 frleld III this city: avs think that
whatever grain England wants to 1neet hur de-
lclency should be giysn her In ono wcrk."
That Ia certainly what Il tho matter. Our
grain ls being rushed oscr tho Atlant!c as II
tlu benders ware afraid tho demand will mt
continue another month at ti!e farshcss, and
lhe consequence Ia tint hugcrs on the oter
side stam aghast at tic prospect. 1t would bo
wonder II they did not fight prices down. Tle
wonder IL really that their markets stand up 30
well un1er the vast movement. II tllu United
States wcro covered With wheat to The depth OF
twenty feet II could scarcely be exported more
freely than now.
The Board Of Na!lzoal anl Warehouse Com.
III mtssl"nes4 witt meet this afternoon At 5 o'rluek
ln The Directors room Of thu Hoard Of Truar 10
hear whnt NAV be snid. pso aud con, IN regard
to TIC proposed etsaneu In tlo rules Tor grading
w!ntcr wheat In this city.
English ndvtces aro to tho effect that the Ar
gontIno Republe is soon to To q formidable
competitor nj ours In tho supply Of whrus to
We atcrn Europe. ltal[ans arc being carried
thtller BY the sEip-luad, and taken direct tu ll,s
wheat ]4l.ds. tllc arca OF wl!tes, IL being rapidly
extended By their abort. We knew ttut tilrro
are plr1ty Of monkeys In South America, but
how about thu supply OF hand-urgallsi
Tho drYguodA trade was reported good fos
tic soason, thu movement being tn cxccsa at a,,y
previous year A. corresponding period. Prices
remain tlrsn, with tho lcaoins stapIe produe.
tions showing on upward tendency, Doots and