Weekly Chillicothe crisis., 1880-01-15
COMM MEKg[Ai

Messrs. Lynde, Wright 4 Co., of Kan.
sas City, furnish the following reliable re-
view of the grain trade for the past week:
WHEN-Thc general depression in values
of all kinds of grein looked for about the
close of the past year has not taken place.
The New Year opened with holders firm for
an advance which since yesterday promises to
prove a disappointment. Foreign buyers are
holding off from our markets, and for the
time being are COntented with the large stocks
atOat and liberal deliveries from farmers at
home. The stocks Of wheat and flour in its
equivalent in wheat ahoat for ports of call and
dirtct ports of the United Kingdom on Dec. n
were estimated at lS,0O0000 bushels. Large
shipments were also arriving ut Mediterranean
ports from Southern Russia. In our home
markets, receipts have been larger than an
ticipated, and Stocks in Sight are ncrcas-
ing showing on Dec. 7th 2SGSi0O0 bushels.
The situation is an extraordinary one. In
this country the bulk Of the stocks in sight of
the higher grades of wheat is owned by few
wealthy spectators. Besides owning the
actual wheat, they are reported as owning
contracts for twice or thrice more the amount
to be delivered the present month and next.
They propose to dictate prices in Europe, be-
leiving that England and France sooner or
later must come to their terms. Engligh and
French dealers point to their stocks already
in hand, and twice larger than for same time
last year, claiming hut further moderate
amount of foreign wheat will be required to
carry them through the season.
The discOntened "belrish" element in our
home markets, who have been losers by the
advance encourage the views of the foreign
ers, and watch every chance tn raid the mar
kets by forcing lower values. So far sue css
has attended the New York capitalists. The
advance since harvest, due to an extraordinary
| speculative mania, has, no doubt, gone beyond
their expectations. They can wait till present
values become f9milinrizcd to dealers before
preparing another surprise. The producers
of this country owe to these Wall street capi-
talists millions of dollars that would other
wise not have been secured. The future is
between these men of nerve and European
stOmachs. Prices of wheat and -four in Eng
land are not as high as the average of the
past ten years, notwithstanding the noise that
is made about them. Priccsin our home mar
kets cannot well improve while the farmers
offerings continue so liberal. 1t would be ma.
turnl to look for a reaction to the late unlock.
ed-fOr advance, for time. at least.
Corn-ln sympathy with n weaker tone ia
wheat, values show slight decline. Farmers
deliveries are large, as was to be expected
yet a free outward movement prevents any
material increase to stOcka. Foreign markets
show fractional decline. Stocks in leading
English markets are light.
Rye-This market continues very firm anC
active; all offerings being readily taken al
former advanced prices.
Oats-There is slight recovery from tht
dullness of past two weeks, and more inquiry
with buyers offering a fraction higher prices
Frciehts--No reported change.-Ocear
frcights lower than ever known before.
NARssT QUOTATIONS.
Kansas City-Grain NO. 9, winter wheat
Sl23I6; No, $ do, 81 1O3S; No. do, $lOBJ5
Spring wheat, No. 2 :l068(. Rye, No. 2, 70j&C
Oats, No2 $3.50. Corn, No. 2 mixed, 29iic.
Produce-Buttcr, good 10 choice, IL
Eggs, lGj peI doc. Chickens ner doz, .l.5O6
l,79 Dressed turkeys, s@ DC. Cheese, lO@l2Jf
for prime Kansas. Hides 5@615c for green
Potatoes per bushel 50d6jc Sweet potatoes
5Oc@7jo. Broom corn, 212d4c per b. accord
ing to quality. Hay, S7.50@800 per ton
hnled.
Live stock-Choics native steers, 1870 b,
and upward. s3S06950; good de-, 1900 t.
l,400 lbs. average, s9.50@375; butchers steers
300 to 1900, S2.Sj@3.35; feeders, S2.35@2.S0
good, native cows s2.40@265; medium h
common, do, sl.25624O; bulls and Htngr
9l75@2.65; milch cows, f2O@35; calves, $50
@l200. Hogs, choice packers, si.25@4.S0
medium to common grades, s9.9O642O; stock
ers S2.5OM2.00. Sheep, extra natives, f3256
$50; medium to common :2.75@3O0
st. Louis-Wheat, Fcb :-37aS; March
sl.4O]S bid; April, sl45H, Corn, No.
Feb, $50; March, S9Ic May, 4Sc.
New York-Wheat, quiet No. 2 Chicago
s1.43@l45; No. 2 red winter, sl53. No,
amber, 81 81. Corn, quiet; No. 2, Coo.
Chicago-Wheat Jan, sl29l%; Feb
sl.20%; March, :l.3O. Corn, Jan, SO3SC
Feb, 4OJsci May, 45l4@i59sc. Oats, Jan
3il4ci Feb, 3i5sci April, 36c; May 1910
39Xc.