Chicago Daily Tribune Newspaper, January 1, 1875, Page 2

. h) 9 THE CHICAGO DAILY TRIBUNE: FRIDAY, JANUARY |\, 1875.---TWELVE PAGES., = et ¢ s e——— dop than t tatistios of recoipts | higher than orerbefore in the catimation of buy- | 1n 1874 tho mverage wns 46c. Tho marknt | to 8135 InNovember, and weskencd to $1.10)¢ | extent of 8 fow thousand head, bub that | tholetb2 € part of Octobar, advanced to 900 the ..,d':f,;:m,‘;,:h?‘fl:fl:f" et Dalf of tho | ot for cousomption. opousd at 33¢e, aud sdvanced to 4fc in | in the middlo of Decombor, closing at $1.24. oy, have #o clossly approtiiasied thono | firtwoe & in Novembor, and wan pieady at 976 E,“,‘ffi,“",‘,,'{{{'{'h’,f’,','.',‘;z’,‘,;“".};;“,l’,‘l;",{’l'fi;‘;;‘:m yoar thorn wne a good demand, for the Last and LIVERFOOL AND CANADA MARRET. the middle of Januars: then ranged from 4t DURING ViR PAKT YEAR of "1873, which wore 1,046,127 in axcoss | 9750 dc 5 tho last six weeks of the year, cloa- | loft 1n the West is eaid to be smniler than in for Europo, to supply tho deficiencies of the wrop of 1873 ncrors the ocran, and prices were fair as compared with wheat. The demaud slackened towards midsummer, as it becamo apparont that tho wheat crop of the wotld would %0 & bountiful one, and sinco thon has ruled tame. Less bins beon wanted for Europe than usual, and tho Iarger yicld in the wintor-wheat- prowing accliona noater to the Ataboard liss cut oft & good portion of our trade. Dwing tho autumn and winter the four from that wheat was wiforod st tho Erst ot tho samo, or oven loas, prices thav our syuring-wheat flours could b of- fered at, and the Bast and Enropo took that in proference to this. Beoing & peor malet in Chicago, many Westorn millers sent thoir flour directls I3aat, and then, haviug partislly choked off our demand, they soul tho balauce hero. tlenco, during tlio last four mouths of the year, sur flour matket hae presontad the double snomaly of prices too low to pormit of grinding at & profit, and too high to permit o fair amonnt. of buying for oxport. This remark applies aliiofly to thio ordinary tun of flour, which we @y call unpretoired brands. Thore has baen & 200d demani thyoughout for chcice tlours, bath r local nse and for slupment. TIIL LOW THICEN THAT ROULTD Baveenabled a great many thouaands of families o indulgo in roally choics flonrs, who hava not nsually consumed anything better than * good,” and this has enablod our local mills to floarish, while thoso in tha coautrs have toeu depressod. Our facilitien for manufecture barve not been materially increased. Thero are only two darge wills hero still, as tho day aficr tho great lire in 1871, A few emall caiavlishments 2te in vp- sration, hut o not wuch swell the totals of pro- duction. Atrangsmonis trern made oarly in the year to manufacture fino flours hero on a larce nealo in m new ostablishment ; but it was soon found that theachinery could not be depend- ol on to do good wotk, snd eo tho whols affair wra thoroughy remodeled, ot a great expsadi- toro of time oud mouey. It was not Gl very near the cloko of tho your that it was in running order. It promises to mint v 1ncrerso the production of tlour in Chiceyoin 1875, THE FLOUR MILLEDS OF TIS CITY labored under great disadvantages during many years, owing to tha Intquitous eystom ef giain warchousing that obtuwea hera for so long. honks to the sterliog roforms justituted three or four years £zo, they aro now sblo to compste suceoerfully with country millers in regard to tno cost of handling the graiu, while they bavea groat advantage in tho solection of wheat. Thoy cal now obtain srhieat by eamplo {rom any de- sired ecction, and, baviug the wholo Norihwest todraw und eclect from, thev cau eceure a uui- formity of quality that ia difticult to obtain far- thor woet. Ilenco therr productions are inin- creasing demand, and there Lira been ecarcely a momont_of dullnesa witli them duricg the past vyoar. We potc that the demand is chiefly for consumption within tho United Htates. " The 1lonrs exported to Canada aud Europe aro chiof- 1y modiutn grades, known as *BIIPPING SPRING EXTRAY.” Prices for this grade hayo ranged from £4.00@ 0.00 during the year. In Jawuary, thoy wero Rnolml ot $5.50@6.00 ; in February, March, and pril, at %6.50@5.75: in May, at $5.60@5.90. ‘They then declined to £5.00@5,16 in Jube, July, and August ; and rocedod slowly to £1,0024.25 the last week 1 Octobor, when whaat touched ite lowest point, The markot soon reacted to $4,25@4.50, snd cloeed easier at $1.00@4.25, 'I'ho averago of pricos was $5.01 per brl. Tha depression in winter-wheat flours has been verv marked biere, 86 at tho East, during tho last Lalf of the year. Indced, thoy wers at tines practically “unsalablo, 'The four made from epring whoat by the naw process ia growing in tavor, iu this wection especially, and very many families prefer it to winters that are offered at lower prices. - WHEAT, TIE VOLUME OF OUR TUADE IN WIEAT has been Jarger than in 1873, the dullness of the movement in tho latter part of 1874 being fully componsated by tha oxtraordinary rail movement provions to tho opening of navigatfon. The marliet has also been unusually steady, thongh generally dowuward. The raugo on No. 2 epring was B135c@$1.2814, or a difference of 47 ceuty Dotween the highest and lowest prices of tho yoar. Tho averago prico was $1.085{, 1In 1873 the fluctuation was 59 conts, neariy one-third of which was, bowever, duc totho panicof Septem- lior in that year; and the averege price was about $1.173¢. THE PAST YEAR has been singularly free from corners, and all ihe moro singularly as tnauy operatora lived in chronie expoctation of o cormer for sevoral months. Corners wero anticlpated for June, July, and August, probably becauss so many cornore Lind boen run on tha end of the crop in wast years, aud the corner manis Was more ram- pant in 1874 than cvor before the law against them went into operation. Several Eastern and Canadian buyers carriod largoquantities of whoat through a falling market, boping that some ono would get up & corner that would let them out of the deal with a profit. They lost heavily ; some of thom being too much crippled to permit them to recommence. The year Las roally bsen one of tho moat disstroua in the listory of the wrado, to legitimats aperators, 88 atteated by tho nnmerous failurea in the trade in New York, Montresl, Liverpool, London, and Drusecle. They bought on o fulling market, and lost almost uniformly by the whrinkage in prices which occutred while the property was in traosit, WITEAT WAS IN FIDST-CLASS DEMAXD {n tho early part of the year, for shipmont, and Iargely on Luropoan account. 'flie crop of 1873 was good, both 1 quality and -}u:mmy. while Eugland's deficlency, at the cud of the year, was fully 65,000,000, und that of I'rance 48,000,000 bu. ko winter was au open ous, and rail freiglts were low ; hence ao active movewent to the sea~ Loard, end acioss the ccean. Lt towards tho 1iddlo of the summer it became ovident that tho deficiency of Euglund would bo much lews than usual (now estimuated at Dot mors taaw 80,000,000 bu), while Frauce bad a surplus instead of & da- ficiency, and the Ruessian crop wos large. Then buyers held back, expucting s big dechine, sud o owerful bear combination wes formed m the Veet, the object of which wae Lo deprexs yricea Y0 50 or 80c per bu. ‘The niarket doclined slow- 1y till tho now Wheat bigan to cows i, aud then weunt dowp with a rush, under heavy receipts at Chivago aud Milwsukeo, A & gunwequenco the farmors were less willing to vell, aua forwarded thoir wheat more slowly, though quite a8 fuat a8 it was wanted. 4HE DOWNWARD LIOVEMENT was checkod hfter & while, und the market streogiboued iu the latter part of tha year, Up 10 Christmas thio farmers had wailoted about 76 percent of the quauntilty weuslly warketed to that dato, Thoy wero exteusmvely blataed by weveral Mastern' pajors for their couservative course, but they really did the best they could, "o ptraight domand for shipment was yuusazlly small all through tno sutumn, and would uot gmbuhly have beon much largorif the price hero ad gouo down to tic, Moat of the wheat sbipped from this city was sent formard by par- ties who Liad buuglit it vn eption, and vreforred the chanco uf a wmallloss in Exstern markets to the cortainty of o big vue if thoy offered it for walo kere, Bimitarly, & large proportion af the wheat taken 1o Europo was token ad ocoatf, Lal- last on owners’ account. The rapidity with which wheat went forward fo the eacly pmit of the yoaris shown in tho statemoul that, whilo tho receiptu of wheet in Great Britaiu from the United Srates, duving the first ten montha of 1873, woie only 42 per ceot of tho total imports, in the corresponding wonthy of 1874 tho American supply formed 54 per cent of ke wholo, Tho raceipta of AMERICAR PLOUR inthe firat ten months of 1874 wers nearly 1,700,000 rls, ugeinst less than 600,000 bris for the gatae time i 187 The grester rmnecs displayed late in the year wae partiolly a cousequence of the troubles iu Cabifornis, whuch Lopt back a large proporiion of the crop of tho l'acifio coast ibat would otherwiso Lave been startod for Eurcps in the fall - ‘Che chapge by which wheat coming from Minnesots ia iusyected iuto reparato, grades, bay “ecn of great Eervico to millers, both 1n the itod Bistes and in Lwiope, und has naturally fited the trade. The Minuesota wheat hus < *nded & premitm of 3@dc per bu (at one “ ot which it Bas been alinost uuiformly mand, till sl the cluse of waviga- “miuns thed heing sbout 14 on Rc . mulative oferators hava objoctad riye gradshiay wuffered in conse- + . serumioabon, tho fenanl aver- 700d aait would Lo ir the “@ : dumpM Lo along with the “ertailly could only wpply SLNLUrS Gtk 4 el T Th sagoat Llippura “iam Kot muform OUE 80 L, aud oLk U04 alancs The courso of the Livorpool market. howaver, indicaten that tho new wheat is not regarded an cqual in quality to the old, thongh fallv as dry and clean, Tho old has commarded a constdor~ ablo premium thore this winter. Tho Canadian trade bag been leer activo than tianal, and oueh of the wheat that has gono there was floured for Canadian consumption, to take the place of whest prown in that country, whicli wan exported to Europs. 'I'ho relatively low prica of whent bas caused & greatly locreassd consumption of the lower graies by dietiliers, aud mnde them rule high, 8 compared with No, 2. Honca less low-grado sheat haa beon purchiaved by millers, and the result 2 that fow superfine Hours Lavo been made; ths flonr-manufacture has Loen alnowt exclusively * Extras. The market opencd at $1.1817, advanced to £1.20}; in the middls of January, declwed to $1.15}{ in tho middle of Febraary, improved to £1.2857 a0 April, foll off {0 $1.16 the first woek in Juna, rallied to $1.23 near tho close of tuat nionth, and wlowly declined to 9lc in tha latter partguf August, then rose to $L.02 in tho latter part ot Septembor, Lroke down to 8134c at the ond of October, and ndvaucod to 92578 tho Jast wesk in November ; raneed from 875,@%0gc in Dooember, and closed at 90} 7c. IHE cROP, The wheat crop of the United States is eati- mated ns follows : Bushels. 0 6,0 230,720,600 249,047,000 41,872,000 0,000 ue to o greater yiald of winter wheat; the kpriug-wheat erop being somswhat Iexs than that vl the year precoding, TTE COURSE OF TRE CORN MARKET duting thio past year bzs been s atrangs one, even 1wora enomaloun than in 1873, With a bountiful crop the recoipty of 1871 were the largest ever Lknown, being 47,366,087 bushels, against 41,853« 138 bukbels in 1871, Hence pices declined ma- torially in that yoar, the averrgo of 1872 being oulv about 3837 cents per bushel, In 1873, with a falling off to tho extent of nearly 20 per cent (tho roceipta being 34,157,232 busliols), and an scknowledged short crop to supply tho demand of 1874, which fuct was known early in tho yoar, pricos ruled lower, the average being about 87 couts, The crop of 1874 was larger than its pro- decansor, yet prices ruled very much higher. The roccipts wero 35,215,011 bushols, and the avorago up to tho middle of Novomber, at which timo the old corn practically cessed to come in was 645/ conts per bustiel. Tho average for the whole yesar was 65 cenis, omitting tlio prico of old in Deccber, which, though bigh, was nearly nominal. This givea a cash total of about 62 por cent greater on the receipts of 1874 than on thoso of 1878. THE MARXET FOR X0. 2 opened at zbout 63c, advapced to Gi3e Iu the middle of January, receded to 543{c in tho third week in Fobruary, roso to 62c in tho beginning of March, ranged at 60@G4c till tho muddls of May, with one or two jumps to G58{c, declined to G5a at the end of May, rose to 6ic tho scce ond week in Juns, fell off to 583{cthe beginning of July, sdvanced to 800 at tho close of that montl, fall back to Glc, then gradually improved tu sbont G7¢ mear tho closo of Augzuat, ruled bigh during September, touching SGe_at the close, declined to 67c tha iast week in October. touched 831¢c near tho close of November, fall back to Tl¥ge, advenced to 80c by Christmas Day, after which it ravgsd at 80@35¢ under the cor- nor squssze which went ont with tho old year, 'I'ie new corn came into use muck earlier than usun), The very dry summor was favorablo to oarly maturity, and the bigh price of tho old caussd consumera to fall back on tho new as soon s it was fit to bo Landled, It ranged very uteady at about 65@67¢ for new No. 2 dunng tho 1ast six weeks of the year. WHY PRICES RANGED HIGN. Several caunss oporated to kesp up pricsa dur- ing tho past year. Tho wintor of '13-'4 was vary mild and opon, and the pauic of the proced- ing Septomber had impressed upon tho raiirosds leading to tho seaboard the policy of holding out inducements to nhip by rail, Thoy put down the rates of freight, and the result was an unprecedented forward movoment of corn, which loft the furmers with an unususlly small surplus on band st the opening of the season of navigatiom, This reducod tho pres- suro to aell during the summer, sud especially when fears wera entortained that tho extromely dry weather srould cause & falling off in tho yield, Tho idea that the weather could possibly bo too hot and dry for corn was ex- tensively laughed at, aud most 8o by tho otdest vraders, but tho ides nt Jast took root. and re- sulted in ono of the most exteusive combina- tions, probably tho very largest, ever mado to **move tho cropa.” Tha combinution ombraced operatord 2l along the line from Iowa to Liver- {nol. They securod a double result, besides eeping the market m o corneriug excitement a‘;mngn:reat part of the year. In tho first placo, THE ADUNDANCE OF FRRIGHT ROOM on tho lalcs. chiefly dus to falling off in tho iron ore trads, enabled them to conirol the freight market, kccging rates down to the atarv- ation poiot drring the outiro season of naviga- tion, for afte. <6 combination had consed to xct tho freight business wos so wmuch demoralized thet carriers could not recover their independ- encs, This mada it difiicult for tha cut-off linew to competo with the lake—carrying trade, aod for this reason probably as much as 6,000,000 of corn eame through Clicago that would oth- orwise havo gone around it, The combina- tion was undoubtedly the means of putting up the prica of corn to & much highor pomt than 1t would otherwiso bave remohed, a4 they could afford to psy 4@%c por Lu more, owing to low freights, in sddition to that permittad by the excitemont of the market at consumiug points by the rumors of partial failare, sud the belief that nocorn could be bought except from the combinstion. —After they bad fluished others took hold, being at- tracted by tho fuct that the high prices of the sununer had drawn out nearly all the old corn in the country, The market was cornerod in No- vembor, and again in Decembor, on the option of geller the year, which bad beon sold lavishly on the rlt:ge adpe of autuma, in tho belief that corn would ba plentiful and woak after the closa of navigation, THE CORN CROP, The following was tho production of corn in the Usnited States in several past yoars, in round numbers : Year, States veported, Crop, bu, 1u WAl 317,000,600 00,060 30T R, 000 0000 704,000,000 §67,000,L00 000,00 2,04,000,06U Y91,060,000 1,100,L00,0C0 50,000,000 B, 00,000 ACRYY ‘The followiog table shows the numbar of acrow in the difforent Statos named devoted to cora 1n 1973 and 1874 : Ares 1873, e Increase or decroant 1574, iy e*nt, 3 1104 Area 1874, aered, 1,575,599 y 0ATR. * THERE UAS DEEY A LAUOK FALLING OFF 1o the movewsut of oats through our city, and a EToat iucrenss in the volume of tradvin oaty, during 1874 Indeod, the oat market Lad beeu proviously but » picayuolsh deal, so far ay options wero coucerned, excopt the perivd of spsumodic vitallty oxporieuced durlug the timo «he corner was beiug run by P, R. Chsndler, in 1872. Tho past has beco a vear of greas oxcito- went, and large sumy of monoy have been gainad sud lost fu thedeal. Accumpenyiug this activity has been a much bigher ravgo uf prices. T'no av- Bl Nu 23 1812 woa oaly whone 0l | e Lat year iau the §geatadiun Lo to 4840 | Vith much uger | vocalpis i 1678 Wy avainge pove wea 2370, @4de il the eud of AL 3 improved to 443{c fo the laiter part of May, varied from 42!{G 47%4e thence till the middle of July, advanced to 860 at tlo close of that month, under the excito- oent of the Adams cornor, fell back to 37i4e, and advanced to 45¢ in tho latter patt of August, touchod 53!4c the last woek in Soptember, wont back Lo 460 10 the middls of October, and rass to 55!;c In Novomber, thou ranged ot G2@dde during December, closiug at 32%; THE OAT Cor OF 1573 was 80 good In quality thas s firat-class Eastern demand aprung up for it, and in the early part of tho past year thera was dn active rail move. ment. Thia oxhauated the crop, so that by the time tho new oats wora rondy to como forward the country was unusually bara of old, making it possiblo to force the markel np to the unprece- devted figure of 86e in July, though the quan- tity sold abort at that time waa far from Leiuy large. But ths expectation was genersl tbat thocrop of 1874 would be a big one, and, on thn atrongth of that, “‘the country "—thnt is, par- ties in tho far g districta—~sold suort, to a vory large exteut, aud offerod to soll so peraist- ently as to kecp tho price for next month 3@ 05 per bu, and even mora, balow that for the cur- ront month daring the summer. August was diecounted 12@15¢ oarly in July. ** The vear™ sold ag low as J0¢, and all this hud to bo fiiled in ot much bugher prices, at groat loss to tho soll- cra. It wan found out slowly that tho dry weather had stunted the growthso mich that in many sectiona the yield was not much more than Jhult of what had bLeen caleulated on, and tha: the crop all over tho Weat was very short, ofticial reporta to the contrary notwitlstanding, All turough {he latter vart of tha vear the receints hers wero vars lghit, tlrongh tho premitm on present doliverica wan big cnouzh 1o tempt the farmiers to send iu all they could forward, The tact i that lhets wasa great competition wilh Chicago for oats. A groat wAny moro oats thau wial were wanted by the towns alang the Lower Missmaippi, for distribu- tinn to the n“rru\mdms country, partially as & consequence of tha floods of last summer. Thoro was also a larger demand from the Northemn country, west of tho Lako, and ths jumboriug ro- fious of Michigno took some 300,000 buahels }mm Chicago near the closo of vavigation, whilen grest many havo goue around us esstwaid. Country operaters approcinted tho eituation in tho Iatfer part of the year, and bought largely for futuro delivery, by which moany some of thern made o bandsome proiit, fu sdditiun to covoring their pravious losaes on tho shoit side. I'e stunted vogotation of the past year, cnd the tigh price of corn, huve combined to induce » boiter demsnd for oita va n_lessoued supply. Henco thio articlo Las boen really s-ares in Chi- cago. and the yeat ends with s very light supply, and tie prospect of 2 roal scarcity before the crop of 1875 is matured. TAR SUIPPERS OF OATS from thig city bave been much maro prosperous than in former yoars. A considerably larger pro- portion Lave boon siippod out on direct order than heretoforo, and thoso that were sent East on speculation were mostly forwarded on a rige ing market, giviog & good round profit fo the shipper. RYE, THE RYE MALEET LIAS DEEN VERY STEADY during the whole year, under a uuiformly light suppiy with & fair derand, which has kopt the stocks in atore down to & low point, and enabled the partics most interasted in tho deal to control it easily. Our recsipta havo beem but about two-thirds of thoso of 1873, and wot much more than one-third those of 1871, whon the recoipts wero 2,011,788 bu. The price of No. 2 g varied from 77c to £1.Q1,—a range of ounly 2fc. In 1873 the hmits of prico were G6@Slc, and 50@%3cin 1872, Tho market oponed at 78¢, gold at 7ic, advanced simost steadily to 93cin tho middle of April, foll back to 91c¢, theu rose to §1.01 10 the last balf of May, ranged from 70c@ $1,00 in July, under conflicting raumors in rogard to the yield of the coming crop, rose to 830 at tha close of August under the sottloment of a few shorts, touched 92e in September, receded to 82c in October, and then stoadily advanced to 99 in Decomber, under very lLight receipts, closing at 99¢. TOE cROF or 1873 wis FAIB in quantity, beiug 2 por cent less than that of 1872, It was in good demand, something lixe 250,000 bu being exportad to Eurovo in addition to that consumed in the United Siates. Honca it was used up sooner than usual, the market betog baro by abaut the middle of last July. In New England, New xork Stato, aud Pennayl- ‘vania, the crop of 1874 was tho best known in the past ten yeara; but tho breadth sown was lesu, ond the dry weather in the WWoat caused s partial failuro hero, present indications being to the offcet that the crop is cortaiuly not moro than two-thirds of an average, Ifencothe article Lhero bas ruled relatively Ligh, bsing sometimes 10@16c per bu abave the piics st which it could bo Inid down in Esstern mariots, aud ooly two or threo vessel-toads were shipped from this port during the season of navigation, The low prico of wheat has caused s good demand for tho lower grades of that cercal as & partial subati- tute for rye, but the demand for ryo for distill- ing and flouring has been fally equal to the fight supply, the Weatern consumption of iye broad being enormous. Weatern Oblo and Pennasylva- nia bave taken the mujor portion of the ship- ments from this city. TUE QUALITY O THE CROP in very good, the proporiion of rejected baing much less thau the average of former yesrs. Tho short side was & losing ono during thie fall weatou, the bullk of tho uptioos for Auguat, Sep- tember, and Uctober, boiug geitled at & losd to the setfers of 5@100 por bu. BARLEY, THD DARLEY MARKET 1AS BEEN AN ENIGMA, ns usual, and lias geceived some of the moat ex- perienced operstora. Nearly alllooked for lower prices thau those of 1873, when the market for No. 2 ranged from 50c@31.53; while in 1874 the range was 90c@92.00, or 40@42¢ higher than the year previous. The Agricultural Buresu roporis furnish the following tigures for the bLarley ciopof the United Statos for three, ycars past, those for 1874 boing taken from the Octobur roturus: 1872 147 187 States. Bushria. Lusnels, 89,000 0,000 6,900,000 5,600,000 G230y 5,000,000 4,100,000 8,300,000 0, Totals, . .vsr0.0 25,850,000 24100000 25,200,000 ‘The crop of 1873 way estimated ot 88 por cent of a full crop; that of 1874 at 92 per cent,’ the «Northwestern yield being 90 per cent. TR MABKET RULED SGK g in tho first part cf tho year, uudar s good de- maud, opooiug st about §1.45 and advaucing to $2.00 in January. It doclined to $1.48 in tke end of Marcli, and advanced to $1.70 in tho irat part of April, but fell back to $1.40 in May, The market was now woals, the supply befog greater than the domand, aud the price receded to $1.10 by the middle of June, whou tradiog in the old bariey was practically over. The option for Beptomber opeued scon after at 900, and do- chued to 835c by tho eud of June, under vory Jieavy offetings. The selling businoss was led by & party who bad mado a good deal of mouoy in 1878 on the bull side, but got loaded up too far, espccially with malt, which was & drug In the market last summer and for several mnouths afterwards. ‘These par- 108 belicved that the barley crufl would bo a 1 one, aod that Lard ticos, with the temper- ance agitation, would greatly curtail tho con- sumptivnof beer, so that barley would mile vory low, They were miutaken, 'The result shows thay tho Weatern crop s not so larga as wap represented,—far abort of it,—and the movement has boen exceedingly hgnt in coussquence. 'The market would proba- bly bavo ruled low, Dovertbeless, under s dimivished demand for consumption, if the besrs bad wot circumvented them- uelvps by selliog too |much. ‘They weut in to wake a big fortane, snd, by thewr offora to well, fuducod soveral paitios to take hiold who would not otherwiss Lave thoughs of doing go. Cspital was eulisjed on the long wide, sud when the sborts tried to cover in August theyuent tho macket up to 11215 without doing much. It fell bick to 8loin the latter part of tlut month, as the sborts concluded to wait for the Beptember roturne. In that months bartey came it vory slowly, sud the price advanced 10 €120 amidl great excitement, caused by tho fail- ure Gf toa leadip operator on tha besr wide. 1t ceceand ty LUl Tasn cowe tho Grided coruer {in U taber. dctiug Whuvh thu wrkee tunchod | #rua Adans Luat i Gold Dacu 82 J4.0, sdvennsy 121,000 bu wero importad from Canade, and soms #20'car-loads from California, the iatter by laid down heto at n cost of about $1.40 per hi. On tho seaboard, mupplios wera ordored from Huangary and Germany, to chock the advancing fendency of prices, About 50,000 bu of Eu- ropean barley wore imported 1 1873, It may noown atrange that the United States has not, in any ono of ssvoral past years, raised enough barloy for howmoe use. ‘The fact moems to be that barley i not & favonts with our tarmere, ihe market for it being 80 capricious. 'The broadth sown i the West han incressod racently, but scarcoly at the samo rate a4 tho cousumpion. Boer and ale aro growing iu favog in mowt of our citles. Tho Giormans aud sl used to be the only ones who dravk malt liquor, Now it is entitled to Le calied nn Americau boverage, being largely used by peoplo who formorly confined thoeir potations to ardent spirita, RECKIPTH, The following wero the receipts of breadstufts in thin city during tho past threa years: flour boing roduced to its equivalent in wheat in the footiiys : 1873, 1872, Flour, bel 2441,70 1,833,014 Wheat, bu. G 17,4 Corn, bu, SHIATO8 47,308,087 Oats, I 188TA 15001,715 Tye, bu L1s046e 1,139,038 Yarles, bu 020200 521,150 Totals.. 08,933,413 83,420,343 SUIPSMENTA, The following were the cotresponding ahip- monts : Flour, brl Wheal 1,303,490 9,134 35 9,507,002 83,364,224 UMPTION. During tho paat year there was mithdrawn for city consumption 890,433 bu wheat, 1,313,761 bu corn, 815,700 bu oats, U57.180 bu rye. xud 718,720 b bailoy. Total of all kinds. 4,105,793 bu, 1o thin should be added about 2,500,000 bu takon from track without beiug piaced in store, piving a total city consumption of ,600,000 bu grain. The difference botweon the receipts and slupnents of flour, added to that mauufactured in the city, and allowiug for differenco in_stocks on hand, ives a city consamption of 558,000 brla flour iu 1874, THSPECTED IN. The following showa tua quantity of grain in- spected into store in this city during the past year: Number of cara inapected. .. uu.. Nambos of bouts fuapicted. V] u. Rye, bu, 1eley, b [ arend tatal, bu.... GRAIN IN STORE. The following wers the quaulities of bresd- stuffs reported a3 in rtoro on tho last Baturdayof the threa past yoars. .o 1,654,412 1, rLoum, wee 2, Dee.2l, Dee, 28, 1874, 1873, 1T FloUTusesasvsassas ‘ 5% 25,582 No. 1red, 33 No. 2red. 1,403 No, 3 winter.... 1,559 Rojected wink i No. 1 spring . 25, No. 2 spring. 107,518 No, Iapring. 62288 Tejoctad apring. .. 758 o grade npriug. No.1 N, W, apring 9,550 No. 2 N. W, spring 470,584 1,377,561 1,019,655 40,831 1,309,334 Re 10,828 No grade Higl mnixed..... Yullow, ... 4,077 260,181 €313 P D 6,408 WLa7 el 1,008 63,286 ,212 431 67,558 456 253,736 163,268 2223 87 440,809 Totad soesvaer LIVE BTOCK, GEYZRAL REVIEW. Sinco the opeoiog of the Unica Stock-Yards in 1865, our live-slock trade has shown a steady and uninterrupted growth. No matier what mav Lave been the surroundings of the markat, what the promoting or hindering causes, each succeoding yoar has witnossod a satisfactory in- croase over its immodiate predecessor in the vel- ‘ume of business accomplished. Whoa we take - to consideration thafact that morathan ordinary exertions have been put forth by competing mar- kets to divert tothemselves the eupplies that would paturally seek an outlet here, and that thore wss at the beginning of the year an un- doubted deficiency iu the number of live stock in the States tributary to Chicago, the growth of tho paat year's trads is, Lo say the loass, beyond 1l reasonablo expectations, That in the face of thesa obataclos our receipts should maintain noaxly TIZ AVEBAGE PERCENTAOR OF INCREASE of past years, must dispel any doubts that may proviously have cxistod rogarding the mala- tainance of the position Chicago uow oocuplos, an the largest live-stock market in the world. from tha following tables it will bo seen that, whilo our receipis of Loga snd horses show a falling off, thsrais & vory pronouuced Increase in tho wrrivals of catlo pnd sheep, and that tho total of hogs, cattle, sheop, and horecs showa an incresse over 1878 of 47,377 head, while the value of the receipts exhibits an inureado of over $18,000,000, In 1866, tho flrst yoar that the Union Block-Yards were in opera- tion, tho arrivals wero 892,640 oattle, 933,233 hoge, and 209,420 shoop, while for 1874 they wore 843,066 cattle, 4,269,379 hogs, and 838,645 ehoep. The abova fipures upesk for thetaselves, »od show with official cortainty THE WONDERFUL OROWTH of tho livo-stock businoss of our city, and the rapid oapansion of capital mkvlnynd in this im- portaut brauch of commere, With the exception of the elcction—Lo flll the vacancy accasioned b; the rosignstion of P. R. Clandler—of J. l{ Walker to the Presidency of tho Company, the management of the yards remafus iu the hands of the same able ofticials who have with such eminent succeas conducted itn affairy In the past. The oflicers ara: J. M, kor, Prosi~ deut ; J. B. Bhermun, Superintendeut ; Georgo T Wil Bocretriy, CATTLE. In view of the fach thut the rsceipts of 1873 sbowed an incroago over 1873 of 77,358 head, it ‘was not oxpected that the arrivals for 1874 would oxceed, if indeod they equaled, thosa of 1873 ; but wo find instead an averaze monthly increase of 6,677 head, sud & toial incroase of 82,638 head. Tho ouly mouths in which our receipts did not exhibit aa iucreaya ware April, May, and July., ‘Tho heaviest weekly supply of catilo was for'the weak suding Oct. 17, when Lhey resched 22,687 hoad. ‘Theliyhiteat were for the week onding Dac, 26,~9,368 head. ‘Tho largest monthly ro- ceipts ware thoso of Juoa (89,274) snd October (85,193). 'The largest monthly receipts in 1873 were for April and Juue, wheu they amounted to 84,249 and 85,840, revpectively. Tho lightess this oar were for Decomber (52,308), aud in 1873 for ovomber (87,712). Prices of native cattle—ex- clusive of fancy bolidey beeves—have ranged from 81,50 to $7.75 per 100 Ibs. The extreme range inl 1873 W €1.60@7.00. Tho. year closes, upon ao active sud strong market, with & prog- nlut that fat cattle will continue to comwmand igh prices throughout the wiuter and spring taontbe. : noas. Durivg the year 1574 our reccipts of hoga were 4,208,473, wgninst 4,537.050 1o 1873, —~a de- creano of 79,871 Wheu it is romowmberad that 1n tho four Biates from whictl our supplies are vuteuy drawy, viz,: Indiane, Niinois Jows, and i Altasaurs, thoro wa sb eazuguted dulieiensy for 1871 of neerly vne matlive bage, the wous that our e bave dUswoassd of any previous year. Tho largest mantbly reosipte wera for November, whon they amounted to 727,407, That month also witnessod tho largert recelptn for auy wnok, 214,687 ; und for auy day, 48,775. 'The’ largest monthly re- oeipta ever praviously reported wors 405,771, — for Devember, 1R73 : and the largenat wookly re- ceipts wore 205,615 for the meck ending Nov. 49, 1873, Trices have ruled higher than for soveral scasons nisat, the vear oposing at 84.76@5.60, advancing to £6.00@0.13 on April 1, daclining to $4,75@B.80 on tho let of June, advancing tu £6,25@7.15 iu August.aud again daclining to $5.00 @35.% 1 Octobor, The vucking season opened during tha last week of October at 0@ 6.0, but pitces rapidly advanced, until 86.5017.75 was resched, Nov. 49. Bince that date they have radnally worked downward, cloping at $6.00@ 25, By roference to the taule of monthly avorages, publishod helow, it will he sesn that in 10 month of tha twelve did tho average weight of the hogn receivad equal that for the corre- spondingmonth of 1873, The groatest differonco was for Mabruary, which showed a falliog off of 53 Ibs, sud the last for April, 1)1 tha. 2 BUEEP. The receipts of sheop have increased to the oxtent of 46,911, —boing 839,645, against 291,734 in 1878, Themarket wan without unusual festures, excopt that it has been charactorized by more tban ordinary ateadiness, prices Laviog been subjocted to fewer an 8 violent fluctuations than during most us in tho past, Tho lLicaviest arrivals for auy ono weok wero 14,721 — week onding Dec. 195 sud the lightost 1,619— week ending July 11. ' Prices have ranged from &1.50 for scallawaus, to $8.00 for oxtra. Aside from tho tablos of receipts, porhaps s bottor ides of tho growth of the live-stock trade cannot bo gained thau from the following table, which abows the zalue of the yoar's receipte: 38,000,000 68,686,060 Total, 1874 “Total, 1873... The growth o shown by the jucreaued receipts at the tolagraph oflices at tno yords, In 1874 the average monthly collec. tioua at tho Btock-Yard office of the Westein Union were $300; in 1873, 9850; whilo for 1874 ttiey amounted to nearly $1,100. During Novem- ber, the number of messages sent out from that oftico was 13,750, whilo over 5,000 were received. ‘The accompanying tables, showiop THU MOVEAENT OF LIVE HTOOK during 1874, were compiled from tho records keEL iu the offica of tha Secrotary-of tho Union Stock- Yard and ‘Transit Company : RECEIPTS AND SUIPMENTS, Following is a comparative staterent of the receipts and shipments for 1873 and 1874 Recelots, Cattle.! Logas. |Sheep.|Horsea 761,42814,307,750391,734, 20,289 $44,060/4,238,3701434,645( 17,888 3,038 LX T 2,301 +1574,181]2,197,557] 18,640 1616,334]2,326,724/170,051 | 16,601 €3,8100 ... 4217 129,167) P 1,95 19,37 Docreass. ...t Shipments, 87: 113,235 {Sheep, | Horaes 457,088 o381t 238,123 29,174 41,589 34,650 7] 29| 30,679 re 119,291 S5alz20,2¢ 170,00 16,001 ! THE MONTHLY PURCHASES in this market by feedors wers as follows : Sfonth, \Cattle. { Hogs, | Sheep, January ., Februry. March,. TUE MONTALY AVERAGEA of the hogeraceivod for tho past thrae years were a8 follows, December, 1874, being estimated : Jlonth, Im’z. 1673, 1674, 296 13| 2897;{2523¢ 12637412607, 2113 repirried 307 2081 THE ANNUAL RECEIPTS of cattle, hoge, and sheep since the opening of the Union Stock-Yards lnve beeu aa followa: Catle, DIRECT TO EUROPE EXPOBTS. Tho following are the exports of producs from Chicago to Europe on tlhrough blil of lading © during the years 1574 and 1873 1874, 1979, . 90,000,000 141,751,140 . F, o Iy D, ouuanea 62,136,400 18,440,000 T, 6. & £t L. I ., e, 04610 31,203,000 M G R R, oLl 10,552,000 Baltimors & Olio R, 121,601 570,000 284,917,743 X 133474 Tho L. 8. & M. 8, It R. earrled 40,000,000 1o of grain, and 60,000,000 1bo miscollanecns pro- duco; tho P, F, & U, R, R. tools 2,087,138 Ibo via ork, aud 31,206,110 ibu vis DPhiladelpbia ; oW the P. C. & 8t. L. R, It carried 23,852,083 lbs of gruin, and 20,193 barrels of floor. OTHER PRODUCE, RECELPTS, The following woro the recsipts of other artl- cles of produce for the same periods 1 i 83810458 44,763,412 Lout1se NoTeport, ‘e31,608 Salt, brla, 1,01 ighwiues, sto., 15 163,991 Coal, tons. 1,608,267 2,398,024 ror: e 34 12,450,185 11,438,361 1,001,354 16,148,147 shipments were : 12,851,308 34,716,453 0,735,408 23,338, No'ropoet. 514,850 H. Wines, sié, bl x Catton, 1le 03,030 X 280,008 2,851,489 7, GBI 7,89021 HIGHWINES, TRE COURNE OF THE MABKET FOR HIGUWINES bas besn uousnally steady during 1874, the range of prices bavipg been only from U2c@ $1.03, and most of the time botween Y4 and 97c. The market opened st 930, roseto 97 in the middle of January, receded to 82¢ In March, roso to 930 tho secoud woak in April, sud ruled st 04 @953¢ortill noar the clowe of July, when it rose to 8¢, lu sympathy with coro, went back to 963¢0 In the begiuning of August, ross to $1.00 ot the closs of that mouth, sud tousched 91.083¢ a4z the snd of September, reeeded 10 B0){s ln ing at O i, THE DEMAND has beor « fully oqust to the supply during the en- tiro yoar -, excopt for two or thres woeks in the anrly pmi ct of summer, and the tesdo was 8 very satlafact .ory one to dealera. Tho manufacture of highv rines is treated i & Bubscquont part of this artt clo. THR AEASUN OF 1874 has beor 1 an suspicious one for the dairying in- terest, Tho product of tho Westorn dairios has material 1y exceoded that of auy provious vear, mont of the butter and chisesa-produciug districts Laving beou visited by frequent and copious showors , which promoted tho growth of the pasturay ve, whilo tho abaence of prolonged periods of hot weatbor enablad our dairymon to produce s better and more/ uniform quality of goods £ an in past seasons. Our receipts, both of buttx r and cheese, dmingz the past twelve mouths, abow s very pronounced increase ovor any fort aer year, but thess staplo articlos lhave found pready sale, and ot higher average pricea tl 1an hava prevailad for a number of sea- sona pa st, The improved quality of Wostorn- mada by itter and choose in attracting the atton- tion of | suyera for the foreign wnarket, and dus- fng the past summer and autumu liboral pur- chages v oro mado for direct shipment Lo Europe. The qu ality of 1linois and Wisconein factory cheeao . ia now but little inferior to the product of the b 3t Eastern factories. Ineead, the bulk of tho ¢l 10280 sent out from this markot, beariog tho bran «d * New York Factory,” s medo within the bord ara of our own Ktato, ~ Only oxperienced Judgon ¢ an detect tho difference, and it is only a questiors of time, aud & very brief time, whon uot a po und of Iastern-mads cheeso will Lie han- dled in { be Chicago markot. An ides of tho 18 POBTANCE OF TUI DAIRY IUSINLRS may be | jained from the fact that the value of butter % 1d cheese rocoived in New York exceels that of 1 1wy other articlo of domoatic trade. 'Lhe estimate a of last year's buelness, published in the Now York Bulletin, wore as fallow: ceeipts of buttorin this market during tho year 1874 woro 12,750 tong, which amounts to §7,14(,000. Tho ostimato of the valuo of the chiocse & 3ld is $700,000. BEEDS, TITE TRADE IN TIHOTHY ¢ was larg or than in any provious yoar. In addi- tion to a1 immense crop in 1874, dealora had & large qus wntity of old seed, which was dobarred from mi aket in the fall of 1873, to tako caso of. The mat kot was subjected to wide fluctuations, and price m wera lowor thao in the proeceding sen- gon, In tho epring prime timothy sold at $3.00 @3.10, & clined in April undor heavy rocelpts to $2,65@2. 69, advanced in midsummer, owing to ropo:ts U hat the new crop was badly injured by the drouj 3ht, to €3.20 for old and €8.10 for now. The wew' crop cemmencod moving earlier than usual, th e dry weathor ripaaiog it sooner, and, coming }in avith a rush, broko tho market, prime falling & o 82.50@2.55, and subsequoatly, under hoavy act sumalations of seod, to 22,40, but soon rallie to 92.50@2.60. Tha stock in store at ths closs of the year wam estimated to beabout 40,000 ba gs. ' THP, TRADE IX CLOYVER wos falr, andisesid to bo Incressing snnually. I'rices v ters higher than ia 1873, Prices for primo old | seed befors the harvest ranged be- tween 5. 50 and 95.90. Now secd soldup to 96.75 un dor apprehensions of & short crop, which, hc wever, wero aquickly dispelled by heavy receipts, which suddenly bronght prices down to £5.00. ‘fho market afterwarda recovored, and duri ngtho latter parc of the yoar prices ranged fr oin $6.40@5.70. Tha stock 10 atore at thoclose of tho year was mbout 2,600 bags. Thers wo: § probably a fair orop in most parts of tho Wost in 1874, THE MARKET ¥OR NEW FLAX opened at £1.65, and closed at 91.90@2.00, rul- ing vory e teady when tho receipta wero Leavy at 21.70@1.7 '6. A good deal of old sced was ro- coived ea rly. The bulk of the seod etopping here wont diract to the crushers, and probably & loss quan; ity was consigned thsu usual. The quality of thio soed was fuir, though thoe berry was amall, , and in 80mo yections the crop was ju- jured by t ke dry weathor. The cultivation of tlax in tho Weat ia thought to be increasing, TOK CROP OF HUNGARIAN and millet in 1878 was very largo, aod a groster quantity o ! thoso soods waus haudled here than over befor w. Tho opriug trads was large and steady, bu t during the lattsr part of tho season tho domau 4 was spusmodio, Prices Huctuated widely, dc clinmg in tho midst of tho sprin, trade, und: & heavy reccipts, and frequently bot miilet and £lungarian sold ot the same price, and sometimes the formor was the bighest. Prime Hungarian sold early at 75@80¢, and millet at 65@70c;_ 1aoth fell to 40c, mnd subsequoutly advaanced, tho former closing st 80@sic, and the latter a t 70@76c. The crop of 1874 ia sup- posod to be light. 'The stock mow in store ap- proximatas 20,000 bage. TROOH-GORN,. DURING THE PAST YEAR broom-corn continually advanced, prices for the lower grada s being rolatively higher than thoe for the su, perior quolitica, as manufscturors worlied mort » on the low grades. At tho begin- ning of thox 18w crop-year the stock of old broom- coro was snu Al and held chiefly in the West, while manuf: acturers were out of supplies and the mow crop in New York sud Qbic was light, and in the \V est onlyup to the aversge. The now cotn was ) bought up by local dealers, the lion’ssharege ring into the hands of & combinationl and themarke 1t has sincs been virtually underloca, control. Ea: storn menufactuters entercd the West in thao £+ sll, and the_trado was very large, dospite tho ¢ tontinual advaucs of pricss. Tno crop was som: awhat largor than in 1878, coarse in growth, and 1 eddibiin color, In some sections the yield was | ught, owing to the planting of bad rlmn‘d -‘nu tho | 4y weather iu tho summer. Lhe 26t o THE : ENORMOUs cror or 1870, which was the cluof cauzo of the deprsssion of the trade durir 1 tho years folluwing, in belioved to linve beou ¢ klhausiod in tho past seadon. At the closo of th © year thero is a doficiency ln tho supply of aboi 18 2,000 tons, The situation is regardod aaw ptrong ong, and'it it not unlikrly that cg'uu will advauce to w highor figute thau in 18u8. - 1N 34 NUABY PRICRS RANUED . from $80@170 per too, and stoadily advanced, uniil io Docemd ser tuey were quoted ut 8160, @250. por ton'. A cireular publisbed recouily gives tho follow. ing ropost, based upou tho stock intho buuds of growers, dowlers, sud manu- factuspry on N¢ w, 15, 1874, and tho smount manufectured f¢ i tho year onding Oci. 1, 1874 Annnally Stock manufactured, on hand. + 1,03 800 LS 4,400 W0 Canada, tons, 469 2178 160 1,060 4,450 Wiscousin and i uesots, 200 Ohlo, estimated, 101 ... 1,050 Tonuxyivania, eatho wied, tons, ... 3,508 405 Marylund, esiimator I, tons 750 249 Tolal t00ssees e 13,508 [Xi ‘WOOL, THE NARE ET WAS NEADLY BARY of old wool whon t 110 new olip commeuced mov- ing. Itwas thor ight generally that tho great deproasion of the woolen goads interast would insure low prices 1 lor mew wool ; but tha stock of old throughout the country wes nearly ex- hausted, and forelg :n wool was diverted from this country by the tw :@ snd high prices abread. Honce manufa¢ tturers had to do- end obiefly ¢ w tho domeato clip. Sastern partioa sud deoly entered 1he Weat, sud tha grout bulk of th o clip was bought up by them and taken East in @ vory sbort time. A larger quantity of wool m 4 bandlod hero the past sea- son thao in the prew. iousowo, but probably a good deal more would . have sought this market if Enstera parties bad not boughs direct from tho growers, thue diverti \ng the wool from its natural captre. PRIC 'ES OPENED at about 42@48¢c, and aging bigher thau in® 1873. During the fell lit- tle was done, Tue da wand for woolon goods was light, snd wauufw turers bought ingly a4 possible of the raw 1notoru Muny Weaters manuf scturein are thoughs to paut sqaused, that i gradually sdvanced, aver- a4 Bpar- supplied, aud 8 0 well hag thocouncry been is & ubttul whethur tléce s provious years, ©THY, CLIP 1N THE WERT war smallor than in 1873, but of good quality. The averago weight por tloece was 447 1bs. The Crop Reporler gave the following, showiog the estimatod production, and percenizgo of gain or Joxs the past yoar for the Statos namod. Thedos crorse in the production {u Ohio was, in round numbers, 634,000 the, which nearly equals the total decroaso in tho other cight Btates, amounte ing to about 767,000 tha Produet, Qain or low, 1 1878, Product, 18 States, Totalieveas o00.38,502,604 97,9 ?,-m.ul The importations of wool at New York sud Bos- ton for three-quarters of the yaara 1872, 1878 :lel‘ 1874, ending Bept. 80 of each yoar, were ad ollowe : 1872, 81,849,658 Ne, TAY BROUGHT RIGNER PNICEE than in 1873, and the season gonerally was mor, eativfactory. Farly tho markot was practically cornered, owing to tho backwardacss of the wpring, when there was a groat scarcity of feed, and a large line of aliorla out, to bo sottlod abopt tle time of tho opening of navigation, Pricea rapldly roso; primo timothy solling up to $24.00, sud prairio to $16.00@10.00, declining na soon a8 groen food hecamo plontiful, During the fall thero was a large demand from the southoact, comprising such points as Pittu« || burg, Louisviile, and Ciucinnati, the crop in the country contiguous to those cities boing short, Alzo aomo inquiry from the lumber regions; bus thoso dietricts, as woll ng tho Lake Superior eonntry, now draw supplies bf ha now railroads largoly fiom other pointa. It is thoyght that a good daal of hay which formorly came to this market was shipped to the Bouthonat and othor directions in the fall. TIE CROP IN TILE RABT wan heavy, houco littlsdemand fromthat quarter, ‘Thie orop” of timothy in tho West is bahovod to have bean somewhat smaller thao in 1878, bue iy was secured in eplondid condition. The &rop of prairie in mauy scctions was light. Duriog the fall prices for fimothy ranged from £14.00 to £30.00; of prairie, from £8.50 to §14.00, HOP8, TUE FTOCK OF OLD OPS wag woll reducod when the soazon for nsw openad. Salos of old wore mado at 16@30c. The partial failure of the Engiish crop causod con- eiderable oxcitemont in the principal markots of world, and tho bulk of tho now domeetic erop was eagorly bought up by Eastorn speculators, who auticipated that England, besides taking what Germany could sparo, would import from America, and thero would be & deBeiency in the sopply at home. In tho West 80@i0c was palf for good to choice hopa, The exporta from Sept. 1to date amount to nearly 12,000 balex and no POBEIGN HOPS openod, consumers, with but comparatively few exceptions, persistontly abatained from laying 1n supplios, oxcept for immedinta consumption, thus allowing the speculators to carry the stouk, though the prospoct has most of tho time ap- poared to be decidedly in thoir favor. 1t is bs- Iteved that, unless the demand should se much leus thon uanal, thoto will he a larze short- ‘The erop of the antiro conntry approximates 85,000 bales, Tho anoual consumption in paut soasons Lias boen 100,000(@110,000 balea. HIDES. THE YEAR WAS NOT A VERY BATISFACTORY OXE {0 all partios in tho trade. Tle proatrate coudis tion of the leather busiuess hiad a tendency tode- proes tho hide market, but this was to somoexter.t inforior hides, and competition betseen dosler:, tannors, and exportors, and other causes, asuis:- od to sustain prices often at a relativoly highor point than in the Eastorn markets, hencoshippe. s to the East could not always operato with profi-. A prominent feature of this market tho pant wengon wag the direct exportation of hides to FEurope. Saveral firms consignod both hidos aud lenthor to Engtand sod thio Continent, Tlo forelgn domand waa principally for hoavy bides, which, In eonsequence, wore rolatively higher then light stook throughout tho yoar., Tha averass prices paid wore aa follows: Graen hidos, lighi, 9.4 dolicavy, 8.0; groan calf skivs, 14.9; &7 higes, 19, BALT, . THE PRODUCTION OF BALT has largely incroase and, a3 & consequence, thers was more or less compotition, shich, $- gethor with lowor lako frelghis, induced a du- cline of 20@25 per cont a8 compared to prices o 1873, Hencoe tho business of the on, thoug's large, was not very profitable to manufacturer.. A greator quantity was receivad from Canada thea ovor before, moat of it comlog 1o bulk to pack- ers. Prices woro lower than sioce tha War, opening at $1.90 and declining to §1.00@1.8} for fine, and £2.00@2,10 down to 8L.80@1.8) for cosrso. Dairy was steady at 82.70@8.60. Fino and coarao galt advanced latoin the fall, and the market cloged firm. It is thought that & conaiderabls quantity will have to be reccived by ail to carry L‘ao trado uutil uexs spring. ) TME BECEIPTS from the prinoipsl shipping points aro distribat- ed o8 follows: Baginuwy, aboat 870,000 brja; Byracuse, 198,522 brls fine, 80,840 brls solar, 18,623 brls dalry, aud 5,654 tons of solar aud o, From ond via Canada: Kencardine, 8,013 tons bulk, 21,568 brls; Goderich, 10,630 tons bull 10,311 bris; Kingaton, 4,96¢ tons bulk, 23,39 sacla; Montreal, 6,503 wacks, 'I'bat received from Moatroal and Iunsm.un is belioved to be mostly Mediterranean salt. MICHIOAN BALT. The ancual report of the State Balt Inapootor of Michivan gives tho total amount juspected during the year 1674, as follows : Darrels, A v 20,501 16,70 aerrsasansaeess, 1,020,079 This would represent 5,134,875 bushels of ealt, an fucroass of 1,018,143 bushals, or 203,633 bar- told morw than the product of 1873. There are twolve salt inspection districts in the Btate, aud tho fuspector estituatos tho total manufactunug capaety of the Btata at 1,900,000 barvels. ‘Tho production of Quoundags is estimonted at 9,000,000 boshels. 1T 18 THOUOUT that salt will be a comparatively cheap commodi- ty for some time to come, Tho incroass in pro+ duction 18 likely to coutinue. Welis have boon discovered in many new locslities, and some of them promise to be very productive, At Musko- son & well recently discoverod wes bored to the depth of 2,200 feet, and, at _the lsat tess, provel to contain 90 per caus of dalt. POTATOER, POTATORS WERE LOWFR THAN IN 1673, but higher than in preceding seasons. The Weatern crop was a partial failuare. The dry woathor delayed the growtl of the late varioties, sud in many seotlons the crop was ue- cured in sn unripe condition, heuce did nob koep well, Tho vecelpta from Wisconsin and Michigsn were generally in batter ordor thun those from other parté of the West, The weccipts of REautorn potstood by water wero unusually largo, snd supplicd tho deficionoy in this market During the autumu Wostern potatoos sold s Ch@sue, and Enstern at 70@YJe. Laily wn the yoar oid stock brought $1.10@1.60. The orop ©of 1874 in nearly all paits of the country, excepk tha Now England sutv aud the Pacifio Slo sutfered from drought snd inseats, The Lo~ partment of Agriculture reported the sverage condition of the nmr for the entire oountry 8¢ 83, sad of New Lngland at 103, THB PRODUCE EXOHANGE OURUANIZATION. The Produca Exchange was arganized In 30y Iast by the dealera i stroet produce, and very soon attaived 8 membership of 831, The Awo- ointion labored under wauy disadvautagos iach dent to the peouliar naturc of tho basiuess, bu! durlag its short exiutence. hus bes! of gres: bemefit to its mombers, sad the trading ocommunity ab luge, In b8 havo been recoived, Since thé regular sosson aga in tho supply. The crop in Wisconsin wea § larger than in 1873—ostimated at 25,000 balos. /4§ counteracted by tho large export demaad for 3