Chicago Daily Tribune Newspaper, January 1, 1879, Page 3

THE CHICAGO TRIBUNE: WEDNESDAY: JANUARY 1, demand all throngh Yast winter was unusually | demand was really what saved our market from od, the Russian supple having heen also_fn- Yexfcred with by tha war {n the Old World, Fastern question was [ar from being scttied at the opening of the calendar vear, and many people were afrald thae all Eerope svould he in & blazo In the spring, Thls induced o goot foreign demand early, and prices were .npmn:d br this fact aud-by low freirhts, which enabled the nrn{ 1y to be laid down cheaply on the seabonrid.,There were also soma fears for tho safety of the coming crop of winter ‘wheat, the winter hlvlflf been sn open one, with cold wenher fn March; but Increasing rospects of pesce somewhat retarded the }) rward movement. “A prominent firm under- took to cornee the market in March, but con- cluded ‘,5'“"" and closed up the deal b about the 2th, making & tair profit. In April some Jsrge export orders were recefved, there ¥88 n big speculative demand whea It was rupvred that trouble would probably ensuc between Great Britalo and Russia. The news that England lad colled out her reserves caused an advance to $1.14 on the 27th of April, which was the top polnt of the year. ‘The market DECLINED FROM THOAT DATE, and tended downwards during the remainder of the vear; except duripg n few special spurts of spceulative confidence, which were of short duration, though s great deal of capital was under wiheat on several accasions, "The twires were Intd in April for another cor- ner in May. but the deal was run on the March tacties. The cornering partv became satistied sbont the middle of the tnonth that 1t would uat bo wise to *continue to the Litter end,” and dlsconfited 8 great many who bad proposed 10 take advantage of a equeeze at the close of the wonth, On Decoration Day (tbe 30th) the party vontrollingz the deal ran the market up from LU0 to $1.10, and saroitly stepped out. Tne mext morning the deal féll all to pteces, the market declining fram $1.00 to 93¢, sod leaving about 300,000 bu on the hanus of men Who hadd expected to sell it at n big profit, The market Was weakened Io the Iatter part of this monti by immense recelpts, 2,34 car-loads and 43,400 wolng all to pleces, The crop of that country The | Was unusually aliort, and her merenanta took very large quantitics, It Is probable that they have sccured enough to (lde them over till ruring, when they will again enter the market a8 exteusive mmh.u:u. Very large quantitics of this wheat were sold before harvest to exporters, and tlie vessel room chartered in adssnco to carry it, so that thero was gt a8 much pressing for salo on In- terlor narkeis as might have been expected from the big receipts. Much of it was sold at tery low prices, but little diflicaity was experi- enced {n ‘nlling sales, as quotations continued low, and sume of the few defauited contracts wers actiled on the other side of the Atlantic at 8 amall prufit. The year before a very diifer~ eat state of things prevatied, n good many con- nnd - tracts being forfoited becsnde the partics who had sold the wheat in advauce could not il ex- cept at & rufoous Juss. It {s not Impossible that the experience of Europeans duriug the past few months ioay tcause a radicat change In our wheat trade in the future. Heretolore their deficiencies have been supplied sinost exclusively by purchases of sprivg wh Xeept that procured from Calf- fornia, witleh I8 of (nferfur strength, They are represented us belnr more than pleased with the change, and i fs provable that they will show a marked preference Sor winter wheat In the future. ‘Therc s, however, 1o good reumu why Chicago sbhuuld nut become perman y & preat winter-whest market to incet these a'ter- ed conditions of the expurt trade, QUR EXPOATS TO EUNOPE during the first three months after harvest were slinply enormous. The shipirots (rom the sea- board were gume 40,000,000 by, or tiearty hall that of the entiie yenr previousis, Shurt crups on the other slae vt the Arlautic caured a good demand, and the extremely low prices st which our wheat was laid down there made It I posai- ble for Hussia to com ete_with us to any cou- siderable extent, e Russion surplus is belicved to be ual. a great oue; but there were fen tunes 18 much the farmers of that couniry could not afford biy, of all Linds of grain, being inspected into | 10 haul thetr wheat ose br tivo hundred miles retorcon Morday, the2ith, These resuitscaused exporters to hold of,—they took very little dur- ing the Inst tweoty days of May, ‘The pext month the foundution was lald for the big event of the year in the sbeculative de- partments of the wheat market—the well-known ARMOUR COINER OF JULY. About three local firms commenced buyine in June, both hero and in Milwaukee, ans lntre was o Food deal of talk about a corner; but the thing was mapaged so adroitly that all fears vanished. It is belieyed that a great deal of the wheat was bought for export, and that large purchases were made by the same oarties fo the winter-wheat districts.” - About the 22d of July the Chicago shorts ficst began to rce tnat they were hopeleasly cornered, and from that time 411 tho aste of the Solar_Eclipse (the 20th) the excitement grew apace. The rules of the Board of Trade for the prevention of cornera wera of uso fn preventing prices from belng rushed up to a cut-throat point. The market reached 81,10, on tho last day, and the scttling price woa es- tablished nt $1.03; nt which fizura the longa made u bl profit. They wers not so succeasinf So Milwankee, as they Lought 2 good deal of wheat {n that city up to $1.15 (nnms under 90.) and sold the bulk of it at 05¢(@81.00. ‘The corner was helped by the July blight on the spring-wheat crop, which was nearly de- stroyed in some scctions by the estremely hot weather, Tnis made holders unwiliing to send fo what little® thev held, sume of them fearing they might want It for reed. The grain was so Acarco to buyera that thie millers in Minncapolis paid as hizgh as $1.00 per bu lo that city for wheat In July. After July the market decllned heavily. The slgning of “the treaty of peace at Berlin, and the prospect of an abundant yield of winter wheat, destroved confidence in the future of wheat, and the shorts sold the market down with a vongeance, forcing it to 8% on the 27th of August,thouzh the wheateold (No. 2 spring) came in very slowly, The farn u apring wheat reglons saiw a partigl fullure all around them, and did not readily big winter wheat crop. “Ilenco they were un- fillnz 10 sell at the Jow prices then current, while the winter wheat poured into a'l iuterlor ton depot or port for the prices offered, even 10 tha \hieat cost thetn notbing to raise. ‘Thls was the reason why vessels comd noc obtalo cargoes at Odessa In the autumn, though reductions had uecn made {n the cost of nterior (ransportation by rail, which fucreascd the demand for vessel- room at Odessn at a later date. WHRAT 1IAS DRAGOED durlng the past month. The higher rall rates of transportation have operated as n bar toship- ment, walle the cxistence of large stucks s made buyers uowilling to pay commensurately higher orices, and the arrvals of wheat in Eu- rape trom thie Pucific Coast fa conslderabile quan- tities have obviated the necessity of drawing largely on Atlantic ports, But the prospects tor the comjug year are in favor of a liberal movement at better prices, fudependently of the possibilities of mldulmul war cotpilvations i the Old World. Both England und Frauco will need to talke a great deal of wheat vel to tide them over titl next harvest. ‘The French deliciency was early reported at 40,000,000 bu, but they tovk all of that up to the close of nav- igatton, and ** the demand for the Continent cuntiuues,” with no accumulation at poris of entry. Late advices are to the effect that the deflciency there was not far from 80,000,000 bu, and the recent cxport movement from this country to Spatu und Italy Indicates that they, tov, will take rather freeiy in the spring, Tho Lngllnh deficlency was estimated as bigh as| 10,000,000 bu, most of which must be fhled lrom thiia count ud the British hove taken very littlo as yet; they NEVER BUY WHILE TRE FRENCH are In the market, but mll. if posslble, till com- petition is over. There Is little doubt that the Diritish people will yet bo active purchasers be- foro next harvest; ‘and it docs not now look as it there will bo such a pressure here to scll as we had last autuma. A big crop 1aolways over- rated, oud i rome parts of the Weat there is little wheat left to spare. Nebraska, Towa, and Kansas have sold very largely, but u good ceal is reported to ba yet in Kansae. Minnesota hias tieve the cry of a‘| not sold very freely, but she hnd not so much to starl with as in somo former years. It uppears probable that most of the wheat lias been suld that cowdd not be comforgably held uver till receiving puinis In upnsual volume ‘I“nnd oavo | prices sult, and there Is reason to behiave that Chlcago her firss experlence In haudling winter wheat on o large seale, Then ensued the well knowo ' mixing " excitement, sume short sell- ers seeking to il their coutracts with winter wheat spolied for milling nu with tho other. The winter wheat was taken very freety for shipment, to the neglect of , soring, and when the movement In that beran to slacken shippers coufiucd them- seives to_ths lower grades of spriog, leav- o small part of the wheat now remsining on the farm is held by poriics who wil tot sell ut recent low prices, but are prepared to earry it over to meet the possible deficlencies of anotber oscs by mixing | year. THE CROP. The following are cstimates, mastly madeand coliected by the United States Agriculiural Bu- reau, of the crop-yreld of wheat in several past years, with the anuusl exports, and the hoine jog the No. 2 to be rllul up in store and | consuinption, seed, and waste, in milliuns of carrled agalnes cuntract ho - Na. 3 solt 1K) ‘He per bu helow the No. 2, frlile tho acinal dif- ference In value for milling purposes wus un- derstood to be not more than biGe. At the «lose of navirution wo tind 3,411,571 bu of the No. 9 in store here (M{lwuukee hiad 143,858 bu), searcely 250,000 bu of {t having beeu shipped out during the two months un-mllm: and that mostly In the latter part of November. The stock bas winve then increated rapidly ander coutinued lurwe recelprs, with a small shipolug ovement. ‘I'lie IIuL[: In store ot the close of the vear fs glven In anothier cotumn, The moarket went Jown ahnost ateadily un- der an fucrease of stocks here and elsewhere, In spite of an extraordinarily larga export wiove- ment to Earope, thl ft_touched T7e for spot on the 10th of October. Then a lotal combination took hold of it, and carrled the market up tu 8lc by tho close of the month, They ware fol- Jowed by a combinntlon of NEW YORK OPERATORS, whao went In ta the tune of {Ive or six million bu ns au Investicut, which they propose to carry into the spring. The crowd of operators, howover, refused to believe that it was -u{ thing more than an ordinary sueculative de; under which the whale stock In store mizht bo unlonded on the market ot uny moment; and the result was n very tame feeling in the latter part of November, though the foreten advices showed a gencral hisrdening on the other side 3l tho Atlantie, which was aitributed to locress- 1d cost of travsportation. The market during Decernber was moderately steady, with shight excitements due to war ruuiors, reports of small- rr dellverles in the country, aud a reduction of Ireiglitd to thy East uml to Europe, CRY, ‘The following mlle nmwu the mnnlhly range and the averago brice on Ne. ring wh ‘broughout the year: e leat )2 llllyhul. Jfrage. 1115 Louy i Lio® (i 1174 MINNESOTA WIEAT lins been & much less promineut articls the past year than it used to be, and tho once hichly brized * Minnesota grades ' have recently beun uearly fost sight of {n this market. Durlug the excltements ot spring and summer they com- manded mlld nmmum. sod undor the May squeeze No, 1 M lnnuou sold at about the sama fim“ as soft No, 2, sinve harvest these prrades ave lcam:g purt of the State the wheat s chilefly vontrolied bushels? Vi e Crop, . )uflli L e e, heump- Erports. 2 Tear, tion 1850, .00 1840, 1802 TN TG 41 Many well-informed uevmle belleve that the estlmate of 425,000,000 hu is too large, awd that the vield will prove Lo have been not mory than 400,000,000 bu. The acreage wus In- creased about one-sixth, which corresponds, other thiugs being equal, to 8%0,000.000 for thy last crop, on & basis of #25,000,000 bu for 1877, ‘The last-named figures wero those civen by the zentlemen who compiled the returns for 1877: the addition |mu-unry to make it read 860,000,000 bu Was viade ‘y(lm Devartment for somo reason not yet publlcly cxplained, Have the tirures for 1878 been similarly enlurzed ! ‘The Agricultural Burau glved the uumber of res In wheat last year 2,500, 000 +r 225,000,000 Nehmka rc?or ed 5, ucres, Minnesotn an fucrease o Kaneas un’ fiicreass of £00,000 uere ()hlu.l)Jlfl) Nitnols ‘Jlll()(n uid lowa fnereased from '.',moom to 8,000,000 a California und Oregon iid not_increzae in acre- age, but Lullmrnln vielded 49,000,000, aguinst 23,000,000 10 1877, The urml\l\'(lon POT GCTY Wus T3 In Stinnerois, 13 1 sconsli, ani i loun, againet 18, 15, und 14 bu, respectively, ln LA CORN, THE MOVEMENT OF CORN was unpreccdentedly larze, excecdug even that of 1871, which was much greater than auy in the perevious history ot thetrade, The recelnis of the past year wero H2,784,577 bu, ngalust 47,015,723 bu {0 1877; aud the shipmicnts were 53,095,230, bu againet 46,361,001 bu the previous vear, - ‘The cottrse of the market has been more steady than usual,—much of the thine stcadily downward,— the ranga ad the aversge ol orices belng allke low, as shown in a subsequent table, ‘fhie grest Incrense In the muvewent of cora thirouich this clty jn 1870 and 1877, a8 compared with the previous average, was a direct conse- quence of low freights, which stimulated an enormously ereater demand In the East and In been muntioned, lu the northery | Europe by chespeaing the cust to the consum- er, Tho further sugment of the past year was, by local mll;m. -ud lttle s umnm €xcent in | og the contrary, lurgely aue to the fact that the shape of Hour. In the southern part of thy Btate the crop was badly danaged, lg much -; that not a few stacks wers burned o the fields because worth booeleaslv less than tha cost of |lxruhlngw‘lha ¢rop of Miuuesota did not ex- ceed bu, of which ot wmore thsu one-alxth was good wheat, and at least 4,000, Luwas not 8t to grind into Hour, Sitlers ' re. mu 1bat the other \wo-thirds makes excellent frelght rates ruled highcr, Ratter rates by lake did wot sttract corn per s, but they were low as compared with the cost of transvortation by all rail, tho Fast and West lines to the South ol this city baving sbaudoned the cut-throat policy which prevsiled for so long. Thelr tarift ur, bug takea more whest to the barrer than | was advanced about 1k per 100 1bs, aud In former years, Lh “m“ e “‘le.l.,x ¢ strength belnie sbout the into the lower grades. 1more frecly towards the close of the year, THX WINTER WLEAT MOVENENT through uvur city was unprecedented, noted. I August 59 per cent of our Wheat recelpts was winter, {o 8eptember about 34 per cent, and ju October 6 per cent. Total for the Brst three twontbe of the uog 8454 per cent, ‘The receipts were tn August 4,722 cars, Septewme ber 8,633, October LU04, Novetnber 1,354, Total of four monthe 11,224 cars, or sboul 4,450,000 bu, the receipts Baving averaged 835 bu to & car- loud. To tnis lutlux we aro Indebted for the B zlllutoo( our wheat rmlnu 10 a volume so much ve the averazo of former years. The {‘ecell o("\uuler wheat io December wers yela- vely N ‘Ihls wheat came trowm Southern {Ilinols, Kan- sas, Nebraska, and some from slissourl. That Irow the Bcuthwest was attracted bitber by the relatively low rates of leke ireicas, wiich ena- Lled Chicogo operutors Lo p#y better prices t would have been obtained by seuding the grain 10 tho Eust per all rall, It ‘inoved awsy trom this city very Ireely from harvest till the close of uavigation at a ftuctuatlon of woout 1Uc per by, Nu. 2 commsnded & pn.mlum of T DU on the same grude of upr(ug. w. 8 red sold &3 much ay ke sbove No. surlug, though the Latter was {n very good de- mand. This (winter) wheat was chiedy taken by France. but soweof it wett to Spain and the consequeuce was that we Lave drawna he wheut we have recelved | great deal of 1 th trom Minnvsots since barvest bus largely Ppaised l:hlle u::ru ll’:nc%::n e e g eat much less zoloy sround ‘The netter wheat moved | us oo the cuwfl lines trew potuts in fows sud Western Ilinols, UB OLD CHOP as alzeady | was large In qummv. and good fu quality, slow In beinw ready to arke! the winter belng too mild aud damp fur speedy curng. For this resson the old coroof the ¢rop of 1678 was preferred by shippers, an'd was pretty well cleaned up at an carly date. fhere was & good shippiog mu\uluvnhlunnv most of the time betwean New-Year's Day and the openini of navivatiou last svring. The cuttiug of yull sretghits Eastward helped tu thisdirection, ufimny to New Euglaud points, some buyers sifmulated Dy the possibility of an ex- tension of the area'of war o the Old World. The forelgn demand was goud, but sume ship- pers loat beavily during the winter mouths by reasonofcoru arrivivg in Europe out of cundizien, some cargues uettlog s loss of LUl to $7,000 each. Tuc corn of the crovof 1377 was oot really cured pill late i the hot weather of summer, Fortunately, bowever, we esciped the {utliction of Lot toru ™ fu elevator, which bad wrought so oyuch demoralizatiuu to toe trude in somu formcr vears un uo wurse crop conditlons. Qur corn Inapection was a rather rizid uue, and put a good deal of coru_toto the lower grudes fu the carly summer. This wos oif, at prices which atiracted purchaseraaud kept A2 woving, while our stocks of No, 3 were ket down toavoume small euough to admit of the weatlier ol olber points on the Mediterrasean. Thbe Frenct | being easlly tandled. Our stocks were really small [o early summer. They afterwards ln- creased to thres or four mililon bushels; but the heating scason was then over. During the firsz three montha of the year the teadiie in futures was chiefly for May delivers. There was a very large demand for that month at eurrentquotations; v much was tanted that It rcemed a8 i sonie of our leading dealers could not get cnough to Bll ther onlers. ‘The same partles who then thoueht May corn to be cheap at 42 per bu have held entirely aloof from it d“m’fi the past few months, though offered st T@sSc per Uit lesa than In the early partof the yesr. This de- mand was increased by m hardening in rail freights io tne latter part of winler, which checked land shipment and enabled lake carriers s eifect some Improvement in rates at theopen- {ug of navixatlton. IN TR SUMMER, the forelzn and Eastern demand was steadily vool. Eurobean buvers found that ihere was 1o danger of befug uverwhelmed by Danublan corn, which some had feared would ba the rase when peace wag made. Ou the contrary, they discovered that they must look ncruss the At- Jantie for nearly their whulesupoly pand so their orders came ihick aud fast to Clilcago, Ail through May, Juue, and July, and the first hait of Auguat, our larie arrivals of corn were taken s0 eagerly by sbippers that In each of these months cash corn commanded a premium over lutures,—which Is something unusual, This stimulated epeculation to some extent, making the market [airly active for future delivery. Alter the middle of August the lhlvpml de- mand slackened materlaily, ss bezan to Le understood that the vrmrmr crop wwould be a magniticent_yield, and buyers held vack for fower prices, Our alouks then aceumt- lated very rapldly, running up to somne 4,000,000 bushels in Neptember, with a corresponding de. cling fn quotations, The dewaud did not much improve during Oclober, Lut the lower prices, Witk the fact that mauy farmers were busy {n the flelds, reduged the volume of our daily sup- plies 8o much that stucks aeain decreased; and, 8t the close of navigation, our blos were unrl,y Im;nu\( Wmin b n November a threatencd rise in rafl freights induced a better enlpping demand for corn to put in transit for the East, aud there was some fnguiry for foading vesscls ta le in the harbor during winter, This wus heloed by the cxperl- ence of eight to ten months previously with thie then new corn, They now wanted Lo recure the old irra, the Keepinig yualitl 0 which could be dependea upon, before It became mixed with arnivals from the new crop of 1878, Meantime TIE NEW CORN bezan to arrive very freely, and o unusuall rood condition, and ‘speculative buyers shran| back in fear of belng everwhelmed by It during the winter. The result was a drop to lower prices 1han had ever been experienced since tho oreak following the vanicof 1873, and dipping dur down towards tha bottom ligures of 1861, when mixed corn suld in this market (Seowm~ ber) at the, It was univeraally revorted to be a bir yicld, and arrived in tnarketable urder earite r than any former crop, cxcept that of 1860, condition being especiaily grood by contrast \rlm that of the yvar prm:dnu.. As early ns two months aro plenty of new corn was mixed with a tittle old fu the country, aud on arrival here was all zraded as No. 2, the tnspectors not belne able to distinguish 1t rom old coro. The axcep- lonal character of the u-or may be Inferred from toe fact that parties inthe country who are buying to crib for next summer's delivery, are accepting 75 s of ears as a bushel, and sunie of them even have taken 50 ibs, where 80 1bs has been the rule lu pravious vears. TRICES, Tae followiog table shows the monthly range and the nverage price ou No. & corn throughous the year: Month. January, Februaty, March,... ZLoicest, Il'l!lhfll. A oice o Arerage. THB POREIGN DEMAND for corn has recently been much diminished, and 1t doea not promise speedily to be agaln'as great. a8 of yore. ‘The British ‘root and hay crops were very floe last year, sud the cheapness of oats alav lessens the cunsumpiton of corn, ‘The forelun morkets were slso (lled In November by laree srrivals of comn yrom Galatz, and the .| G vrospect of cheap corn from the Danube next aring caused British buyers to entirely with- hold ‘thelr bids for Anicrican, Tnis was the reasou for thie yery unnsual elrctmstanes of g degiine in corn on ‘our xeaboard i November. ‘There I, however, stlil another reason for slackened demsud. In 1877 the Engllsh people bought our corn beruuse the crop of the pre- veding yeur wus believed {0 bave been excen- tlunally lorze, and they purchased tho corn to **Jay away.” some of them thinklug thera would not soon be unother wich a chance to provide for the future. The uext year yrve o bountiful crop, but thelr Tfaith coutinued. Now, the ngws of another larze yield. leads muny of them to think that “iherc is uo end to 1t,” and tha old stores are betny cleaned out, while thoy walt to have the corn uf the Inture offered tu them at very low prices. They will still wont it, because it is o valuable article of feed aud food, but ars at present dis- posed to cxpect & bl surolusin the United States cyery year, which must by marketed at wery low prices, Large quantitics of Denublan corn cau searcely e sokd in conputition with otirs at the very low Bzures wow rullnyg; and British traders “state that they look to that sotiree of supply chiefl a check on the up- ward movement of prices on corn received from thisslde of llm Atlantie. ELD OP PAST YEARS, ‘The (nllu“lu" tablu uives the estimated corn d of tho United States In several years past, returus for 1563 to 1834, lndlulv.», wanbrace oulv the loval Brates. Also the total exgpoils from all Ubfied Btates ports siuce 1370, The Hgures represent milions of bushels: Yeor, Cron. I.tp.'lmr. 180 ., .. 7 Azricultury mrnllhu lhu (allu\vim.v table, nmwlug thu production aud areas of aureage for 1574: Tennesses Texan.uoeie Fenusylvania, was 51,000,600 acres. 1t har recently been reported that IlMnols and lowa did pot rulse 80 much corn last year as in IS77: the yleld inwmuny places belug smaller than was expecied before husking. The yletd is, however, & big one i tho total, though ibin In sume sections, ‘and the general repurt in that the corn fs full to the ton of the car, BVIDg & large outturo of clean, yperfoct corn, T AREA OF COIN CULFULL {n tho United States Is shuoly muense. Corn i3 now grown successfully in nearly every part of 8 tract of country which may be rougnly stated us equal toonu thousand inlles square, Our vorn production migzht easily be doubted 1f j' wnd weans could be found 10r consuming selliog twico as much as now, But(t s u&en to queation i we have not neurly reached o limlt of vur usciuloess in this direction, for the |)u‘cut at least. It has heretuture been found protitable ta eell corn on the hout ata alstauce fru the worlds mar’ '3, where it was hot possible to sell the gralu ut prices which would pay for palsing 1t. Now, however, hozs are chesp cuouuh 10 realize Cablyic’s idea of nastiness, sud tuere would upoear to be Hitle roow for turther (nereasc In this direcuion, o 18 vasy to ace that the limit Las nearly been reached beyond which coru will be burned us fuel fu preference to beiug inarketed, without o reaction in prices or a cheapentug in freigits, Cz{n was solid at 12¢ per bu iu JIows lastautumu, ich 13 just cuough to pay for baulivg fc from o farw to the lh.pal at the sverage distance between the two, luaving ngthiue for the cust of culuivation whtle in 1llinols it sold at the sauie time for e, the oply difference in_ the cost b+ fug that due to the roiative valuc of the farm, A much furiher decline iv price would {nevita- Lly reduce the supply by dlumluluul: tho area lmu:( :uxcn t could be L ftably forwanied to warkel OATS, . TUE MOVEMNNT OF OATS through the ity exhibits a big tucrease. The recelpes werd 13,251,529 bu, against 13,500,773 bu 10 1877; and the sbidments 16,001,749 by, ualnst 12,497,613 bu the vrevious year. The money realized fram tho sals was, however, less, even when reckoued oua gold basis. Tbe warket has also ruled much steadier. The rauge oo No. 2 wlaed waa only sbout Yie. and the bk est price of the past year was much below the average price of 1 “The 0at crop of 1877 was probably the best, Loth in quantity an-l quality, ever rafsed in the Unlted States, Many of them welghed B1@3% 1bs to the measured bu, which made them very attractive to European buyers, and they took hald of them freely, white the low price stimu- 1ated an enortnous domestic consumption. - The deinand was so good that there 'vas no accumu- Iation st any time, though holders marketed them sofrecly that an unusually large vield was ahout all forwarded belore August, The osts were consumed as fast as sold. Tho last crop was probably TilE LARGEST EVER KNOWN In hushels, but the weizht shows a considerabls fating off, the average beine Biy4@32 1hs. Thisy however, is not muich below the ordinary welght of the oats raised fn the United Histes; and 1t 18 worlliy of t+mark that tue_beaviest oals are not regarded by cxperts as the best fur feed, thoueti they yicld tho most meal. Our best oats un this” crop hayve come from the regton tributary to the Illlnols & Michizan Canal. Que best oats have usuaily come from Northern Niluols and Southers Wi~ consin, but they are now coming frum Southera Iitinofe, The reason §s that the extremely liot wenther was {njurious to the cats which did not inature early, ond those grown farthest soutl were harvested and out of the way svoner than those growing more to the northwara, A goud many o( the oats have graded as rejected, Lut those passed as No. 2 are ling v quality, and give good satisfaction to consuiners, THE POREIGN DEMAND has been good and steady on the new tron, notwithstandmg the somewhat poorer qualit und some 100,000 bu per week were uporu«i during the autuma. The movement would Lave been much larger but for the fact that it custs very nearly as anich to transport s bushel of oats acruss the ovcan as a 00-1b bushel ol wheat, Hence the favorite form for export 1s oatineal {nstead of the grain, and the exporta. tion of meal hiaa really absorbed a considerable ortlon of the crop, Home of our oats have I:uu taken for Canada, and ground there. The French markets have nbsorbed a good many of our oats, the heavy black kind being pre- ferred; and thoy would” have taken mure I we could hove Iullcd tholr {deas of welght. They want not less than thirty-threa pounds to the bushel. We pote that toe demand for white oats has almost untformly exceeded the supply, thourh & zood many of our oats haye beea in- spected Juto that grade, ‘The tine dry weather permitted a large part of the fast crop to be threshed io the fleld, and it was sent to market early; our receipts ast Au cust were much the larzest of any une month h. the history of the trade. The subsctjuent muvement has been so free that the greater part of the surplus has becn alrcauy marketed—cer- taloly cvery bushel that cannot be held as long as the farmers may deem it wiss to do so. Hence well-posted oper ators agree in expectiug that the move- mgnt of the present winter, and next spring and summer, witl not be a larce one, and fee {nclined to louk for better prices thay the ex- tremely low figures which bave m):d on the 1ast crop. Oats lave sold lower, 13c per bu having been touched betore tho Wi blll they liave never 2old o low us in n's, taking freight rates loto the aceount. TIE COURSE OF TIE MARRET has been steady, ns noted above, The forward movement of last winter was a [ree one, a8 con- tinued undercutiiag by the raltroads luvited shippers to upcrate. Since then frelehts have ruled low, sud ehippers made fair profita ou a large trade, ‘Lhere has not, however, breu witich speculation tn vste during the past yeur. 1ndeed there bas been none, witn_the excontion ot the Indiana spurt of 1874, since tho oot deal was demorallzed by the Chandler coruer of July, 1372,~six and @ balf years ago. Fur this reason there have been few fluctuations, except those incldent to the excitements of war, and that was powerless to clevate priccs o the early part of lust year in the tace of a large sup- ply. Tne market touched & ‘W'flnln April, 2%c in July, when It svispathlzed with wueat, and de- clined to I8¢ n October; reacting to 2lc o No- vember, and ranging sbout 195{@20c fn the last wonth of the year, rrices. Tne following table shows the monthly ranze and the average price on No. £ oats throuchout the year Lowest. lllqhul. Aurnql. 3 24,1 Yeir 157, TUE CHOP, The oats crop of the United States for several nast years is as follows: Year, Duakels, ‘areaplanted in 187318 of UI.UOUNU acred. RYE. TAR MARKET YOR AYm has been reasonably steady, but very low; aod ruled quite weak during the busy pars al the yoar, owing to receipts which were fully 500,000 bunore than wauted by the trade, The volume tundled exhibits & further marked increase. The recclnn were 2,476,108 bu, and thy sbip- ments 2,180,050 bu; aguiusy 1,733,605 bu recelved, aud l..n\'! 875 bu shipped, tu 1877, There wus o steady demsnd for the old rye all through the flrat hwll of the year, exvorters taking it freely: but the lucal speculation was ratber llght. Local operators foueht rather shy of the market, on account of prevlous lus: and, when they did invest, were generally ready to sell out if the murket went 3ge agaiost them, A lttle later several parties took hold In succes- slun, ouly tolet it drop. One party thought It cheup ut ubout Bie, onlv to sell out ot 48Gd%:. Aunather mun took hold and sold in the neigh- borhood of 40¢, while wtill atliers thought the properly sale ut 'y and sold out &t a lous be- fore the markes bul reached 413¢ in October, whlch was the lowest point of the year. Tho old crop was pretiy well cleaned up by the Just of Juue, and wore conlidence was ex. hibited lo the article on that necount, though s large yleld was expeeted, Trading fu the new rys opened dn July at abuut 4Ge, ond suime 155,000 hu wera sold for tuttire dellvery, The sucveeding hot weather bllzhted the crop In laces, uud threw it ack two or three \\crk:, [N that arrivals wero luter than usual, This caused a0 widvance to Gle here, und large speculative trunenctions ut corresponding fed dn New York., Alter e contracts had boen flled, the marker declined to bk ten advanced & lttle, uwder @ better demaud. Kxporters wok "pold treely, uml tocal Lrewers and maltaters vere also large purcliase crs whien barlev advageed to $1.20 i August, owing t reports ol wyshort crup. leceipla of e coutinucy, bowever, i such volume as Lo cause unotner decltie, the market gotng down to 4135¢ fu October, ua ubove uoled. ‘The bregk artracted buyers utresh,and there Lus vince been a hiberal sbipping movement, ryo ng out treely by rail at about 444 alter ihe close of waviration, A great deal of our rye hins done to Europe, but only sbout three cargucs weis Laken by Canuda thu baat season, which fa much less than usual, £ PIICES. “Tlie following table stiows the monthly range n:.)d the uyeraga price of No. 23 ryo throughout the year: Stonth, Lowest, Ui Armm ey 1,04 b':.b-l .00 Year 1873.5.000 THE NEW CHOP proves to be mucl lancer than was generally ex- pected would be tue case, capenally aiter the but weather of July. Tug blgeest 5icld was 1o Kansas, Nebraska, sl Missouri,” those tureo States giving an averaze of (ully 15 per cent in- erease. A pood deal of new ternitory was opencd up to rve harvestinz in 1878, Thecron in parts of Wiscousin was somewbat fujured by bliebt, ad Lilluois sbuws the pourest sieid ot all. botu tu gqualiey aund uautity. Tue whole gop bas 18790—BSIXTEEN PAGES 3 been well drawn tipon up to date. by & ver: lree moyement from first hands, and partles (n the trade think that ali now left'will be wanted be. fors next harvest, when very little old rye will be iefc to compete with the new. Furopean consumers afc reported to be moderately well filied up for the present, but sre cxpected to buy again In the spring; and domestic consum- ers are disposed to take about all offered st re- cent_ prices, their demand the laat few weeks bavidg been fully equllén the supply. » The following are estimstes of the rye crop of the United States in milifons of bushels: Crou. ‘ Ymr. c;op. - ere 20 X The arca planted 1o 1378 Is officlally reported at 1,600,000 acres, BARLEY, TIE BARLRY MARRET has not been subject Lo the violent fluctoations witnessed in some former years, thouwh the range of prices was greater than in 1877 or 1870, The oxciternent was, however, confiued to the two months of July and August, outside of which the range was comparatively small. The movement tgaln shows an lucrease. There- celpts were 5,830,444 bu, and the shipments 3,- 704,004 bu, against 4,990,379 bu recelved and 4,- 213,036 bu shipped In 1877, Tbe volume han- dled was greater thao o 1872, when the reccipts were 5,231,550 bu,—the grestest quantity re- corded for any former calendar year in thfs city, ‘The market opened out low and slowly, befug depressed by the fact of large stocks here and at other polnts: though the quantity in this eity at the close of 1377 was Dot so great as a vear previously. There was but a limited demand for graded barley, even at the low price of 47 BSc, which was the range of the first three months, The requirements of consutners had been anticipated by free purchases previously from the new crop. In April the market for No. 2 declined to 4134c, nod then the speculative element took huld, being encouraged 1o invest by rcports that a_diminishea acreave had been suwn for 1878, There was, however, ho excite- nient durine the next three months. the market ruling relatively sieady. o fuly the cxcessive- 1y bigh tem; ‘;crltun Inclted fears that the yield on thie smalier breadth sown would be still fur- ther reduced by nn{lvornbln. harvest weaths This developed a big speculative movement In the uew crop, and l!:u market was run up W $1.203¢ in August for Beplember delivery by a rush of the shorta to fill. Prices on the uld b ley remainlog wers stiffened in syinpatby, and good prives wero realized by holders, The “*fancy " figures ruling in the West Induced some of the Eastern maltsters and brewers to send to Germany for supplies, uud considerable auantitics were imported from that couptry at T Mofier bu dellvered from the ship in Net York Harbor. Under this stinuius Canads barley alsu advanced to a rather higzn Dgure o the Esstern markets, 8 good deal golug into New York State, The fact of a good demand by Eastern men caused our lacal maltsters to fovess to n rather larze extent, and then began THE DUWNWANLD MOVEMENT {u quotations. Uarley was sent forward very {recly by growers, and ali the more frecly as it was the only grain that commanded anything ke “fale* ‘prices ns gauged by the murket range of recent ycars, Buyers Kept on tuking it tiil the cade secmed hopeless, the tnarket de- clining {n spite of the efforts of the longsto stup it. Since then tho cousumptive demnand has Leen chiefly of the band-to-mouth character; but there has been some specutation in No, 2, owing to the fact that the recefpts of that grade were very small throughout, on the pow crop, ond extrs No.3 bas been fnvested {n to some extent by speculators, because the No. 2 was not plentiful enough to briug out a line of short seilers, 'Tho result wasto makethe No.2a fancy article unrmx the last tires months of thae ycar, especially as THE INSPECTION RULES were construed more rimdly than in some for- mer scasons, wekiogour No.2a really good article, tu!rv equul to the same grade §n Mil- waukee, Therelatively bigh price and quality of No, lcssencd the offerings of sample lots. Most ot the burl 5 whkh In other y would have been ‘* cholee’ ulll‘_‘plfi" at 10@20c per bu ubovc |l|o price of No. 2, was not wanted in that s lnc by consutoers, aud want into store ns staudard barley, Hencw the bulk of the reccipts here inspected as extra No, 8 and ordinary Mo, 3. The estra No. U {s of uniform good quality, sud was in zood shipplug demlnd durini the autumn, being found to make good malt; and for this reason it was speculated in to n considerable exuent, belug bouzm. and sold for future more frecly than the Our lacal brewers stocked up pretty well in the suttmngbue those in Bouthern cities—as 81, Louls and Cinclnnati—held olf for nesurance of winter weathier. They alleged that they did not want to stock up till they could obtaln & supply of fve un woru favorabie terms than a year previously, uhen much of 1t cust them fn the peighorhood of §.00 ver ton. Cinclunati deslers will have to buy a Eruz deal yot; and it 1s vatimated chat the stocks at wuterior polats tributary to that cvlJ are W per cent less than o year ugo. Our brewers commenced to buy Califurnia barley, takiug about 850 car- londs, or 150,000 bu, In Ottober, but did uot like it on arriyal, aud ordered fittlestterwaurds, Tho vrop of the Vacitic Coast was lirht, snd the quality not so guod as fu former years. A few carigoes of this barley are nowr on the way to New York, where it ‘'will probably incet with a not very favorublo reception, the Eastern States befog pretty well supplled, — About 20,000 bu was recelved here frow Canadu, the surplus of that country mostly zolur East, ‘Lhe crop of Canada was' lizht, Loth in quantity oud quatity. Wereeerved some 106,000 bu fron Oltlo,~—which Is inore than usual and most of 1t Is now hield by local cousumers. THE WEATERN Chop of 1873 was believed to be Jess thau fo 1877, und denlers belleve that the great bulk of it hes already Leen warketed, The larimers nulmdy it forward, because 1t cum- mauded wood nrices a3 compared with other grais, ‘The vrop s wood as regards weign, but a greal deal of It was badly stuined by bad harvest weather, The Lext was raised in° Wisconsln und Nebrasks. “le great reponderance of the lower erades here s Pnruvly due to the fact that lu 1877 they were relatively very cheap, dnd not only fed by our our larmiers 1o their stock, but also taken very sreely for feeding to Western Europe, while o Ahe present crop othee graln ftas bLeen coletly wsel fur feedingz, vu both contjuents, us belug chesper 1han haricy. 1L nas also been stated that Larley is recently Mapluced to u larze extent by corn, i brewcerics, ‘fhlx 1s probably an cxagterations but there s na doubt thut such substitution Lax been made. Weura assured, however, on good uuthurity,” thabvur Chicago brewers do ot wse corn or corn wmalt. TUICES, ‘Tua following table shows the montbly range and the average prce of No, 9 barley during the tirat vight inontks, aud of extru No. J ou ths LOW CTOD; lnu‘ut. 0 THE CROF, Tho following ura vstlnatés of ihe barley crop of the Ubited Slates, i millios of bushels: a mepurun. BREADSTUFI'S MOVEMINT, RLCEIFTY. ‘The followng were the receipte of breaditufls o tuls city during tbe past threo years, flour being reduced to its cquivalens i whest fu tho fuotlngs: Flnnr. bils, Wheat, 1877, 601, 1z 1%4 5}6 ‘llfid 1 4,1 0 1, 540, 77 1,720, 885 u-n.y. .. 4.000.:ml - Totals, bu. 144, Mllfl MOIU M BUIPMENTS. Tle correspoudivg .ulumu ts wer - 18,2 47\1. mfi u.h-ld, 4 I)’l. 783,483 “Fotals, bu, 171,004,710 W,700,076 LATY CONZUNETION. 1 ke fullowlog sre the cuautitics of graln with- througliout the conntry. cattle were worth fromni &@ic per I, and Lozs Were paid without a murmurs but® with prices thesc vosts eéem gricvous to drawn from elevator for city consumttion dar. ing the past two years: Wheat, bu..... Com.t\n Oata, bu Ttve, bu,. arley, b ‘Total.. ‘The averags decline, however, was not 80 great a8 the sbove fignres wonld indicate, belng from BO265e per 100 1be, We have had more poor eattle, and also a larger percentage of exira grades, than for the previoun season, snd of course a correspondingly amaller proportion uf mediam to good qualities, For the former.clasa thers was an alinost continuously zood export demand, and values were subjected to few and but siight fluctaations. Tt fa belisved that tho Europesn demand has made s dierence in the price of cholca ana extra beeves of at least 0!.00 per 1001bs, The receipts show AN INCREASE OF 40,916 READ, amounting to 1,083,067 head, against 1.033,151 for 1877, The number has been equaled but once before, Thatwas [n 1370, when the receijts reached 1,000,745 head. Of the past vear's in- crease about one-third must be credited to what are known as ¢ Western cattle.” The increasc in the arfivals of that cinss was some 10,000 bead, but in quality they wero slizhtly inferior to those offered during the previous season. Thereverse is true of 'Texas cattle, the reccipts 2,173,354 2.020,278 ‘The actusl city eomumuuon of grain was Probably fully 6,500,000 bu, the difference being made up of eraln ncelve& from wagons, and taken directly from thack. The difference be- tween the fecelpts and -hlpmanu of flour S'T! ,005 brls) added to the 335,000 bris manu- actured In the city, and making allowance for tho altered volume of stocks §n atore at the close, gives about 508,377 brls flour as the clty consumption. STOOKS IN BTORE. The following were the reporfed stocks of flour and grain in store at the close ol three years past: FYour. bl . 1”'2,?;71 l.x[r’lm::nlvl':d. decline, while the quailty was much g et g o Oate, I, 427,078 The Incresse lo our recelph of hoga haa been Targe bevond alt nreccdnm. The figurcs are. for 167, 6,339,036, nnd for 1977, 4,005,170, a differ- ence'of 2,313,090, The larzest monthiy recelpts were for January and_Nevember, wicn tuey reached 870,817 and 807,620 respectivelr. The smallest number was for August—t0L672, Tha Iarzest one day’s supply was 54,108, Dec. 3, and the smalleat, 1,950, Aur. 24, The recelpts for January, November, ani December sgpregated 3,621,180, 'The total shipments were 1,250, %%0-— an Increare over 1877 of 569,528, Deducting the shipments from the receipts we have left for lacal pacl.cra and butchers 5,002,726 head. The vear opei:ed on & weak and dechininz market, and, excepting a comparatlvely brief perod doring the sumnmer, that was fits comlition througotit the vear. The firat weel: in J-mmrv [ 169, 400 51, 110, 25 024,014 1,130,474 Rye vn. [\ 100 J"U.F Barley, bu...." o 1,106,702 GRAIN-INSPECTION. The following showe the fnspection of car- Ints of grain into store in this city by months during the year: Stanih, heat, Januar, ; Hye. Darley. 41 Novembei Lecemuer ... Totale.... 15,018 198.716 1 5701 11,002 | prices stood at $4.00004.95, with - 8415 an average. From that date until The recefots by the Illxrmlu & Michigan Canal were 1,164 boat-foads, Including 89,270 5,760,722 bu vorn, 163,581 bu oats, 7.7 and 2,350 bu blr]:). Total, l'v.lll.fifl 1 crease over canal recelnts in 1377, 1,147,300 bu, LIVE STOCK. IT I8 GRATIFYING to be sble tu note a continued and material wrowth fo our live-stock trade, In comparison with 1877, the ficures show s very considerable Increase {o the receipts of catlle, hogs, sheep, und horses, while the ageregate urrivala have been larger by 2,055,139 head than for any pre- vious year i the history of the trade, Tie fn- crease in numbers was sufficiently marked to more than offset the gencral—and v the case of cattle and hogs severc—decline fn prices, the value of all the live stock received at the Unfon Brock-Yarda being $93.800,000, or £5,200,000 in excess of 1877, The ahove flzures show sthat the zrowth of thie’ trade. during the past twelve mouths has been rapid beyond all precedent. ‘The lucrease is all the more gratifying when wao reflect that #t is something more June the tourse of prices was uninterruptedly downward. The last week of May found the mariet st £3.0023.40, with 83.15_sb average—n deriiue of Just £1.00 per 100 1bs. From thebegin- ning of June till the closc of August the market eradually worked upward, until $4.1i@4.75 was reached,” Then the downward tide again et fn. and it has continued to the end of tho )l'nr. $2.6572.95 velug the closing Ogures. The first threo inonths of the year gave us w much better cluss of hoge than for the corresponding thi mouths of 1877 or 1870, but Iater the difference was quite ag marked {o the othier direction, and the average weight for the twelve months was onty 1 1 in excess of the average for 1877, and wan the same as for 1836, viz: 246 Dhs. SUREP. Tho receipts show an Increasc of 1,181, baleg 311,41, against 810,240 for 1877, i!lcazu has never inid clatm to’ distinction as a sheen mar- ket, thungh ir is a satisfaction to know tiiat our unnunl recelpts exceed the arrivals at any other Western marlet, Prices durlng the past year were subjected to comparatively few fuctua- tions, anil they show ouly a slighitly lower aver- age fthan for 187%. During the summer and RUtumn exporters were oceas'onally in tha mr- ket, and ut such times cholce and extra erades commanded high prices. The quality of aur than micbt Justly be expected to | roceipta nveraned hetter than (ur\lm previous result _ fron {: unluml development. .nnwpn. Prices oocned at $3.0074.50, and closed ot the Northwest, IL proves cnnrlullvnli that | o4 82,754 1.95 for the nmcqunmlu stock-men hase not been slow to recogniza the The folowing tables comidled from the reee superior advantages of Chicago as a live-stock mnarket, and that those advantages are great enough tu more than counterbalance the natural effect of thu filiberal polivr pursued by the slULk- Yards Company, the tendeacy of which is to ords in the offica of the Unlon Stock Vard npd T it Company, show the receipts and ship- ments of live stack for the year 1878, The ship- ments for the Jast day of the year arc cstimated : RECEITTS, divert rather than attract trade. Although the e et vostof runniug the yards may falrly be sali to | _Chidte,_,Tnge._j Sheér.[iire bave been reduced” stuce 187 fully 40 per 88 ;! vent, the yardage fces remaln the same as durs 2012 1,320 ing the years prior to tho papic, while the ;{;‘fif'{{,’ charges for feed are maintained at fzures that e are simply extortionate. At the bLegloning of last November the clamor of Western shippera had become so vigorous and continuous that the management cousented to a reduction a7, u.l:ul 801 fr] to per bushel {n the prico of corn, and to $2500 per ton for bay. 1t is not a suflicient answer to the comolaints ot 1hose who are called upon to foot the extruva. Kaot bill lm. the charges are no higher than arg exacted by other stock-yards compaotes More than threctimes 0. 473 uuu' mu:w' 34,70 a3 much stock s handled here as ot _any otber I '5‘,,, { 3',',; potnt, nnd the businesa can afford to be done ut W a smaller percentage of profit. \When beal- were selling at i@0e, the feed nmd yardage bills oL 2(@ike for cattle and 24@2%{c for hogs, ear. In this con nectivo it may not be inapprooriste to note that within Lie past ten days an action at law azalnet the Unlon Btock-Ynrds and 1rausit Company hua been cutered In the Superlor Court, and” the questiun as to whather there s & lewal remedy for tho abuses agslust which the Uranger bas for months past been so vizorously and so vamly kickiug will ba declded. To neither shippers nor l'eedun waathe season of 1578 & prosucrous oue, From the begineing of the year the course of prices lmust cons tinuoualy downward, and while some of the strowder aperators may be able to show n balauce a0 the right slde of the ledeer the rrent wmajority find themselves poorer at the close than at'tho opening of thoseason. ‘The davs ut prosperity for the drover ara pnst, probabiy wuever Lo return, The country fairly swurins with buyers, sod the compeiition Is ko sburp thut {t s not lnlfl:u\\n’ntly the case that higher rices are pald for the stock ou the farm than t witl sell 1or when [t reaches market, und all thewav from Chicago to Texas the highwnysore atrewn with the wrecksol once prosperous ship~ pers. Tha growth of THX EXFOUT TRADR bas been rapld beyond the expectations of the most panguine. Not oniy has the exportation of live and dredsed cattle larcely fucreased, but hogs ana sheep have been addéd to the list of our direet exports, und althoueh of the Iatter the numnber thus disposed of does not ua yet reach very lposing proportions, the prace teabitity of such shitments has been demon- atrated, and the future holds out vromise of an {nportant forelen trade fu those descriptious of live stock. For lb’utlw total exports ol fresh heef reached 19,000,545 19, valued al £1,555,191, In 1877 the business bad grown to 5, 152,780 1bs, of a value of $5.184.8%0," In sdditio the nh__qmu)un( beel, there were expnrh-d duringe STV 1,884 |‘fl1 fbs of mutton, 12,390 hesd of sheep, and 17,200 head of live cattle, of u total vulue of Ui5,801. For I8 tuhe Ticreane has been even more vrovounced. From tho bex ning of Mav till the st of October the ship. ments 1o Europe wveruged fully 3,000 head per week, and thetotal for the year is eatimated aut fully 100,000 head. In addislon to the ship- mentaon foot, from 1 10 2,000 careasses per week were sent abro: Buch fucts an these are vrophetle, They scems to plainly foretell o trreat future for lha American ment trade with Europe. But a new vuntingency hos arlsen which possibly muy seriously disturb it. We refer to the *Cunlagious-Diseases uct,” whivh hos recently becume law fu Englund, ' ‘Tho uct wrovides that— uiule aze to be la ded only at n partof e fur that pun special order of n Lhibpedtn 1a1 . mum:'dm 1N TUE MONTULY AVERAQGES of hoes received tor llne pnu six vears were a9 TS of cattle, hogs, and sheep o the opening of the Unlon Stoek-Y. Anu s huve Leen as follows: "It other evidence than that furnished by thie foregzoing tables of the growing Importante of 11 Jive-stock tradewere required, it 18 supplicd the fizures showing the busiorss of the Stock-Yard branch of the Western Unton Tele- graph Compauy, R H. Gouzh, who had charze ol l" Htock-Yard uilive, s our authotlty lor the statement that 150,000 wmvssujtes were Rent out trom there during 1878, which s double tha smnhey for the previous year. As nany as 1,750 messages have been sent from thut office Ju u single day, aud 2,400 In one mouth, FOREIGN EXPORTA. TUE DIECY muzmn BXPOITY from this city from Jun, 1o Dec. 28, 1878, aud 1or the whole of 1577, were as follows: H78. hrle. Flour, Counci be called a forel; nn inale' Wi ‘They o to be landed atouch ines, and subject to sacl control as the Commisstoners of time to time direct. "Fhiey are not to be moved allve out of the wharf, Provislons are made by which the Privy Cou el aro cpowered to penntt the lsuding of an- tmals without subjectint them to slauchier or quarsnting when wssured that freo fmpurt can safely bo allowed, “The effect of the law, if en- forecd, must fuevitabily be to ennance the price of meat In Evwlund: so thut, walle the enforve. tnent of the Juw would yesull §v scrfously cus- tulalue our exportations of live cattle, tne trade {0 fresh meats would be fnimcnsely stim. ulated. The fwportancs 1o Englena of e new law witl readily be seen when it s understood thut her annudl fmvortations uwount 1o be- Lween 200,000 and S00,000 caltle, about 1,000, 0u0 sheep, sud froin 40,000 ta 50,000 swine,—a millfon and s half of coimals altogetber. Until the nast seasan ouly the tivest hreeves Loy ..ul,t:u lm,uu vanned oo, ca Freal meats, Bevl, vkes, York, B ides, lus Furs, b Leather, iiw ant’:l. ul!on’h mfio tiken for cxporty hnmu Tota} toos esporiment of eending cuttle of & lower trade & bas secently been tried. Colursdo and Tesas OTHER PlIODUCE. HECRINTS, The following Wera thie receipts of other aril- cles of produce for uw last three years. 177, cuttle bave also been shipped to Liverpool, but 1t i belleved that the results of those veutures Mreru not such a8 to encouracs their contivuance, ‘I'he oxportation of ealt and freah meats aod live stock lius been supplensented by MEATS CUOKED AND CANNED, Chlcago fs tho ceutre of this business,—in fact, lasn mouopoly of it. Thoe namber of cattle thus disnosed vf amounts to sbout 7,000 jer \Ink. of which fully 5,500 are put up here, ‘Fuc trade b yot 1y its infancy, but vast quan tities of conncd meats uow fud thelr way 10 the Europeant tharkets, and It promises to be a vury ftuportant testure fu our export busi- uess, oud add. muaterislly to the lmportancs of Clicago i this world's cominerce, ‘The past seson Lios ulso witbessed asatiefuctory fucreass l!’IL Mo aoe Liquots, Ilrll Wool, lwae . Fatato SUINMENTS. iu our receluts O biE The followlog werg fho correspondiug ship- by rall. ‘The number of relrigcrutor cars pow Bisntl w78 . 167TT - IS runulog to aud frotn Ci 0 §s ubout (00, ur | Sceds, ton: 47,807 :.:),r-l (1 duuble the uumber employed fu 1577, Uy tbe | B..coru, i use of these are we gru fiow recelviug about | Buties, tous 4,000 carcasses of beel. per week. or at tho rate | Mides, tons of 130,000 per year,~8nearly enutigh 1o meet ths | Liquors, bels . eutire local constimpiive dumand. The great bulk of tbe beel thus recsiyed comies from Utah, Wyoming, Culvrudo, Ksusps, uud Ne- Wool, tone - Votaties, ba'srer § bruska. There has alao been recelved throush uls.hm tho ssiwe chauue! » ldrge dwount ol wuttul, 1400 ho.lll lawob, sud veul. For 3 O, 0L LIVE CATTLE Lesd, tone R 9,508 the courso uf prices duripg the greater part of ‘Ibe tollowing receipts bave been' reported the season was dowowusd, The yeur opeued at | durlog the yuar, bu but the fgures o la wwe $LOUES. fur common tu fauty grades, and et pri b T(Continued on FUfth Page.) 2.005.00 for the sume duscrivtivus.