Chicago Daily Tribune Newspaper, December 31, 1881, Page 10

1 -huveelalmed that the storage charges ars too High, Weary be permitted to hazard the flatement thnt they ara too high for tight tines, but are not nnrensonable in thes of prosperity, It has been uraed that grain should bo trented ns other morehandize, no charge being unde to the consignes for storage, IC the property be taken out within adeslanated short space of time after am rival. But recetvers would be no better off ifsueh an arrangement were campousated by an nddition of, say 2c por 100 ihs to tha charges far transportation, But it docs seem ta some parties hethe trade Ko more then inirthat storage charges (in summer) should be made to aeetuntlate each day after the divst ternt of teu days, Instead of nage jump at othe expiration of — each — sicevedl- ing ten duya, ots. now, © ‘The warehousenien have opposed such a chiutnze, tnd some of then say they could not make it without violating the Warehouse thw, 4y have a perfect right to any “We don't want to,” but stich an argument asthe above is mere fudge, Tho law merely preserlbos cortaln maxim rates, and provides that the warchousemen shall umunlly advertise their masini rates for the ensuing year, tho same not tobe greater than the maxima named In thy Inw.. They sre at Iberty to make any’ ehinges within those lhuits, such as may be desired by the trade. ‘Thero is one satisfactory feature of the busines which stands out in pleasant contrast to the experiences of the grain trade in other cities: Our rates ennnot bo incrensed on graln not out of condition, Instead of doubling up rates when thelr warehouses are ful, our elevator proprietors resort to the other extreme, and offer rebates to shippers, ‘Khoy did this freely last Septéinber ana Oc- tober. The conduct of our grain warehouses dur- ing the past year lns been satisfactory, No complaints fave been heard in reference to weights; and every possible facility hasbeen afforded to shippers. During the pressure ofthe corn blocknds some cargoes were Joaded on Saturday, without the surrender of the receipts till the following Monday. ‘Yhe shippers held receipts for ll the corn served out to them, but found ft impossible to exchange some of them on the instant, the bulk of the receipts being locked up in the safe of nnother firm. ‘here was no element of-dishonesty In the transaction, but the tegistrar only did his duty in calling the attention of the trade to the fret. An hon- est man ean always bear to be watched; and the knowledge that there Is a wateltfal su- pervision may prevent attempts nt. fraud on the part of rugues. It fs the business of the Registrar to see that we have no more stone boats eradited with cargoes of corn, and no more false bottoms at the top of bins sup- bosed to be full of whent. ‘The “ posting” of wheat in September was the cause of, much unfavorable comment; Int It Is diffenlt to see wherein the ware- housemen did anything thit was not jyst right. ‘Shey turned tho wheat over In try- ing to keep it ha good order tll some of It was fairly polished by. the friction, and weighed one or two pounds to the mensurad bifshel moro than when {t was taken Into store. Tinding that this did not cnre It, they quietly sald there was about 200,000 bu which would have to he posted If nol moved out rightaway, ‘Tho parties who then held re- ee|pts for most of the wheat In store pre- ferred to ship tho grain. A few days Inter two other Jots were found to be In 9 critical condition, and they were posted,as no one volunteered to move the grain otherwise. ‘Three other lots followed. In all these tases the wheat was posted just when {tt should have been—that fs, at the point where it was unquestionably going bad, but had not gone bad. ‘The Inspection of grain has been generally salistactory to all parties, though the cond!- tion was such ng to much ineronse the re- sponsibillties of the Inspectors and the temptation to find fault with thom, A much Jarger proportion of our receipts than usual has been passed Into the lower grades, much of It simply because it was toodampto grado as No.2, ‘Chis was partly duo to miserable weathor at the time of moving it by rall. as well as previously. ‘There hing recently been n decided impression that the Inspectors are too strict; and a great proportion of tho low- graded grain, especiatly wheat, has been sold by samplo at much better prices than It would have brought on grade in store, ‘Tho inspection and registration of provis- ions has been very smooth and satisfactory to thetrade, Last year was thefirst entire year in which the returns of stocks could be de- pended upon; the warchousemen having begun in May, 1839, to make sworn returns monthly, Asa consequences, the figures are much more satisfactory since then, and-peo- ple fecl some confidence In trading with ref- erences to thein, which thoy coutd not doa couple of years a0, At the beginning of ihe year thera was storage capacity In this elly (and Lake Township) for avout 300,000 bris pork, 310,- 000 tes tard and Tams, an 10,000,000 Ibs meat, oy 125,000 tons af ment and lard, without ine eluding the weight of brine or packages, and all under cover, Siucu then there heve been Jarge additions, ‘Lhe uew house of Armour & Co, will hota abort 100,000 Uris park, and the Thorne house would probably hold about 10,000 packages of pork and lard. ‘Lhe burning of the Hntely (Into Ricker) house abolished room for some 0,500,000 Ibs meats anc 25,000 pkgs pork and lard, but this room Is now renewed, and was already nearly compensated by the Denny house, which ean store (yay) three-quarters as much product us the one burned down, + Tho rules wore modiiled some two years ogo; 50 19 Lo require that property must be properlf stored (under cover) in order to be Teguiay, Same pork was rolled out “on the pinirie” Jast springypartly to save insure ancy, but It was at the risk of the packer In regard to condition, and was promply put in store. on thd first signs of moderating weather, "Tis present capacity for storing 29,000,000 bu atin and nearly 200,000 tons of pork product dova nat inchide some outside room used for grain storage, ‘the packing- house uapaelty for bvot product, or the rooin {uwhich Is stored tinmense quanthies of Hour, seeds, wool, hides, and numerous other articles of produce. ‘This ty “private” store orage room; that is, not subject to obllimte ton to report capacity ur stocks, exept to individual owners, and {t {3 therefore «lin cult to estlate Its extent, Freights havo ruled yery irregular, but rencrally very low, both to the seaboard and across the Geean, ‘The prospect of little to do ta a cogent argument in favor of low wages; antl the: partini fallure of the crops was partly a reason for depression in carry. ing churges, But rival efforts to contrel the transportation busfiess were ut least as paw- erfulin this direction as crop conditions, Tho Mississippi route to Europe loomed Up esrly tn the your just strongly enottgh to show our riulroad magnates that they nyse work on luw rites If they would do the® business} and the argument wus re- peated worg forelbly tn the autumn months. ‘Chon came thy ‘conipetition between riyal Jiner to the seaboard, bused on the eardinal prinelule of equal rates to different veeny ports an thy Atiantle slope, ‘This kept down dake frelghts toa niserauly low polity 6a Jow, Indeed, that for weeks togetter the termy ofereu did not Induce sill vessels to carry grainy and ‘they went for lumber and Lronore, Coal frelyhts westward were high enough to furnish sume: compensation, but this wag only because the offerings of vessel roon were kept down by, the paucity of the gral movement by take. ‘This alse gives o key to the decadenes of Muntreat ay a ship ping point. “Jler exports of tlour, wheat, and corn durky the past year wery only about fiverelglits of the 20,000,009 bu exported from * ghat elty in los0; and most of that went from THE CHICAGO TRIBUNE: SATURDAY, DECEMBER 3, 1881—T WENTY-FOUR PAGES. Toledo; very Ilttle belnz shipped to Montraal’ from Chicago. ‘Tho record of freight rates by water Isany- thing but 9 pleasant one to owners of vessul- stock, Beforo the openlng of navigation one charter was made ate for corn to Buf- falo. At the opening of the season corn patd 43gennd wheat Se. Muy 83 tho rates had detiined to ge and de respectively; andl Jtne they wero again up to 4ige and Se, From tho latter date to July 38 tho range was, syereyeon corn, On that day there was a sudden drop to Ufe for corn, and from then UN Aug SUM Huetuated between ge nnd ae. The rouge was 3@iedurng the greater part.of Septembor, but by the 25th it ltd dee ellned to 2a; was la three days Intor, nud ga oi the shh, with ruhors that ong. lot was taken ateven less than that. Of course tho Joyyest rates were only accepted by parties who wanted Uallast for tho down trip. ‘Throughout October and Novembor tho rato varied from 140 to 29¢e, the last charter be- Ing ut2e. Few snil vessels wero chartered for prain during tho last half of the season, as thoy preferred the rates paid for carryleg: lumber-ane ore. ‘The following table shows the average rate for tho season, by sail, on corn ahd wheat to Duthalo, for the past eleven years: Wheat, Cons, eat. Cort. 7 Tt will be scen that in but one season dure {ng the last eleven years have lako rates been so tow'ns dutiug last year, and that year was 1870, when the average, was $10 lower on Wheat and 1-10 lower on corns but the ge me of last September was the lowest ever uecepted from shippers at this port. Coal freighis during the season of naviga- ton were very irregular, though much high- er than those of 1880, ‘The ruling Ngure in May was tie, though several eargoes wore brought early ag low as ec, During the month of June the rate ranged from 8c@ 3 ‘The remainder of the season coal was curried at from §1.00@1.80, avernglug about $1.25, Tha few elusive cargoes which are rived in the last days of November aud early in December pald $1.75@2.00. ‘Thu average rate for the year was S105, The followlng table shows the rango for sev Muy duno Auwust,. September, October... be November, see eees. Erle Cnnal rates averaged lower than dur- Ing tho sengon of 1880, ‘The following table shows the highest and lowest prices on grain fur the soven months of navigation: o pad ry month had whatis termed tha holding clause ut- tached, whereby the grain could remain on the canalboat for a speclijod time at a given rate, The avernge canal rate during the year was 4}¢c, as ngninst 63{0 durlng the season of 1880, Tall fretghts on grain per 100 lbs to New York were reported as follows, the day named being tho one on which the new rate went Into operation: Rate,| Date, isc} Ut The rate on provisions was Se per 100 Ibs more thin on grainy exeept that they were quoted 10¢ more dining a few days nbout April 16 and Nov. 14; and were, the samoas grain within the past Bvo weeks, ‘Through the entire summer and autumn it was gen- erally understood that private contracts ex- {sted * whereby both = gran sand provisions were* carried at much less than — the — published =—srates, = ‘The ‘yallroad offleinis were chary in the Issunnce of freight schedules; most of them prefer- ring the “still-nnut” system after the breal- Ing outof tho frelght war In April, ‘The lowest through rate of the year ‘was %c por 100 lbs to Liverpool or Glasgow, being 12¢ per buon wheat, ‘Chis was at the close of September. ‘The alleged rate In November was 23!¢@0e, with contracts understood to be taken ns low ns 2c per 100 ths; but this ngain was shaded Inst month. ‘The highest rate of tha year was about 4c per 100 Ihs, or 8 shillings per quarter. ‘the lowest rate, of. 4shilings por quarter, isa practical refuta- tion of the claim made by tho British Com- inisstoner to the effect that it could nat well go below 7 td at any tine In the future, The following figures show the nominal position of the whent exported during the past year, Wo give for the lsth of ench month (or the 17th when tho 16th was Sun- day) the cost per bu to put No: 2 spring freo on board and insure It; the nomfnal through freizht, por 100 Ibs, to Liverpool: the cost por cental Sn Liverpool; and the reported market In that city, “delivered terms,” of the. snme dates, ‘Lhe cost of delivery in Liverpool was about Sd per conta! additonal: 2 a. TN LIVERPOOL, Month, S| g3 Be | SS] Com. | Quoted, Jununry,.['8106 | 504! Oe Gd] Os Odd 06 Ga February.) 1.05234) 00 | Os Od) 88 eG ba Bd March. L084) G54) Us 10d) te Uda 93 Bul 4b fds Ll Fe Belay Os ect US] By Lid) Be ldo Ya lhl Ad GG im Ms Bu} de Ula BS, |tus Os Rights ta Ang 19 10d) Hoptimb'y Ta Mig 6/108 Lugo lus did October ,, th i Le Od] 108 Bdgglts 7A Novemb'r) Wh Tia Ws Gd) ly Gleg ids Ta December] Wiig) eg ]s Ba} va 1OdGa On GL Marithno faelliiies were somewhatendarged over those of the yonr 1580, ‘The Wolland Canal hnprovement, though far from com: pletion, had progressed during the latter part of the senson so that vessels of twelve feet draught, capable of taking 40,000 bu of corn, wore admitted through tho looks, ‘Thora 1, howover, much work still to ba done on this great undortaking bofore the atnge of water origlinily counted on will be obtained, ‘The great nqueduct at Welland, which 1g to be af spoclil Importance in connetlon svith tho completed schome, is not yet begun, and two Ge ure years will ba required to construct this, ‘ The Georgian Bay Canal’ schema has lost nothing{in popularity during the past your, and, though the material ahovel hus not yet been taken in hand, the mental ono his not beun ldle,- Where a few years ago there wore only here and there parties who understood or cared to understand .the impor ance of thls great’ project, there can now be found, elther in the ‘United States or In Canada, fow who will not aeknawledge tls necessity, and fewer still whodeny Its feasibility. Were this canal built with a depth of Water from 18 to 20 feat, our Inke commerce would be entirely revo- Intlontzed, both in the shortening of trips to Lake Erle ports, In the tmmense addition tint would be made to the carrying capnelty of veasuls, and $n the shipping of gralu dle seot Strom Chifeago to Europenn ports, We have made the polngin ane or two of our former reviews, that the water route to the Enstis tho real conservator of the com- merece of Chicaxo. Itoannot be too much emphasized, especially at ‘the times when rail frelghta are so low ns to depress rates by water, ‘Tho shipper is thon too apt to Ignore the principle in def: erences. to presont — Interests, it Was the water way through the Inkes that made Chicago.. ‘Pha rafiroada have connected us with the East and the farther West since then; but aluiost untfonuly thoy Inve diseriininated against this clty, ‘They have apparently acted on the bollef that they are sure of Chicago businaks anyway, when ever they wantit, aud are not eatially cers tal of the country freighting without special ofert, Ani so-they have cut rates all around us, not seldom to an extent that hag ent our commerce to the quick, They have proved during the past year thelr avility.to erlypte loko navigation fn the summer seqson, 99 111 past years they have shown thelr power and willingness to depress Westorn prices by ex- orbitant rates In winter, Ibis well known, however, that the strursio of tho past twelve wonths hus chiefly turned upon polut of equal va, Unequal rates to diferent seaboard polnty; or, in other words, whether or not the “New York roads shall carry the great bulk of Wostern _ prosduce and reduce Piltadelphia and Balihnore to n tess important position than the one thoy have recently ocetpled. Verhnps, too, it was aimed more autetly against the Mls- sissippl River route, wiilel rose into untsual Prominence in the spring, but summarily subsided, only to break out withsudden vigor Inter in the year, ‘This involved the grant ing of very much more favorable rail rtes to St. Louts shippers than to those of Chicago, which onabted the former to pay lizher prices for produce than vurs could afford to pay. Tt 4s notorious that through rates to JAverpool wero for a long time 3e per bu less from St, Louls than from this elty, ‘The difference roso to Oe In the Inttor part of November, and a month Inter was numinnlly 73g¢¢ less, the through rate on corn to Liverpool being 1ye from Chicago, while it was taken from Louls yin the Mississlypl ab 8iye. ‘The rnilroads have, however, shown that the Mississippi route caniot compete with them, ‘hey can carry grain at the same rates in much shorter. timo and avolding some well known and graye difficulties Which heset the river route, Jn the frst place, there {sno grain market liu New Or- leans on which surplus enn be sold or de- flclency Med, and. the resulting loss may sometimes be very great as compared will those of New York, Philadelphia, or Baiti- more. And, secondly, there Is the grave danger ot condition from passing through the Gulf Stream, which is especially great -When, a3 this year, dry, sound grain fs rather the exception than the rule, The $100,000 sunk nearly twenty years ago in the effort to take Minnesota wheat to Lurope vin Now Or- leans was the forerunner of other losses in thy same way; and it looks as though his- tory witl again repent herseif in tint diree- lion. ‘fhe construction of the Hennepin Cunal jing been udvocnted as a mensure for cheapening rates from the Northwest to this cliy; but there is plonty of time for a radical change in existing conditions ‘before such n eannl could be put In operation. ‘The railroad competition was death to the salling vessol Interest last suminer, But tho steamers could operate without loss, In, dead, itis easy to show that steamers, with tows, can carry grain to Buifalo at 12f6 per bu and make a fair profit by the operation, with con! at $2.00 per ton In Cleveland. “It has also been shown that the actual running: expenses of carrying graln by rail fron Bat falo to New York aggregaled only abeut le per bu, all above that figura going to pay for wear and tent, interest, and profit. ‘The suggestion fs made that transfer charges at Buffalo should be reduced to ffe per buy but even that would scarcely enable the Inke route to do much business as against the Ge per bu charged inst fall on whett by rail from Citengo to New York, The competition nilght be possible if the canalways were so deepened as to allow vessels of, sny, 20,000 bu capacity to go right Chrough from this city to the seabuard without even fightering. Perhaps the way to this, through tho State of New York, will be one of the lmprove- ments of the fature. “Such an lnprovement would finmensely ald in securlng the pro- ducers of the Northwest from aqueeziug by any monopoly fn transportation, such ng nny Yet result frour the consolidating of raliroad interests, % ‘The following table shows the number of niles of rund In ench HHne of the Chicago rail- rond system and the number of hands em- ployed by each: Rattrihas, Baltinore & Ohilo & Chicago. Alton & 8t, Louls, ‘Chieugo, Huriingt Chivago'& Bastern Ilinols, Chieago & Grand Vrunk, Chileno, itwaukes Chieago'& Northweatet Kock Istand AMinols Cont Miles. 3 Employes. nt loyes, ety Luke Store Michigan Cer Pittabury, St. Loui Fort Wayne. 403, Wabash... 8207 i" WOtals res seee.. PROVISIONS, THE MANKET For 100 pRopuUCT has been almost fearfully irregular, butimore actlya thun ever ina speculative way, while the consumptive demand was often dull, it has varied during the past year all the way from fenrs of a big shorinage In the supply to along-continued pressure of stuil which the trade seureely knew what to do with in the absence of niueh of the usual demand. But prices have ruled high all the same, in sym- pathy with breadstuffs, ; ‘The speculative exeltement of the previous fall hud given way to lower prices in the winter, the decling having been helped by benring the loug futures as an offset to the squeeze of Octoper, 1850, Lending packers thought there would be too much stuf to pernlt high prices, though it was widely be- Heved thut the hog crop would not pan out so largely as the provious year, But Euro- pean buyers took hold so,freoly at the lower prices os to rufleve the market from pressure and cneourage a (then) outside operator to Invest heavily on the Jong side of the deal, The parties who had made so much money on the tong Bldg the previous antumn were now short, and fbsoun became evident that there would be a blz struggle, ‘The second week In February tinnelise quantitles of stulf were bouglit, partly to fl shorts, but mostly ty strengthen the other side, and everything scomed to. promise the biggest dealin the History of thetrde. But theory of “hog-cholera” was started, supposnoly tin ‘Uho Dour interest. ‘The news traveled over to Kurope. ‘The reported deaths of young ples duriug the cold weather werg misuuderstogd in England, the word “pig” yntortuuntely meaning about the same thlag there thit “hog” means hare, ‘To minke matters worse, Was supposed dn Europe that the eholera was caused by trichiny—a delusion that was carefully fostered by the raisers uf live stock In Western Europe, who wanted market for thelr own property without Amorican competition, “Sean tha deat walls of English eltivs mt towns word covered with inagniiled pletures of the dread trichine, with warnings against cating the ment contalulng them. ‘Che French Govern- ment touk summary measures, at the Instl- gation of tho Innded class, and issued an order PROWILITING THE IMPORTATION of Amorivan hog meat, ‘The news arrived here Feb, 10, accompanied by orders “stop all shipments’ to French ports, nows caused udrop of 756 tn pork, 250 in Jard, and 346 In short ribs, pork selling down that fay to $14.70 for April dulivery, No ono failed, but some were pinned protty tlahtly by the rapid shrinking of margins, which would probably have been worge but for a widespread idea that the restriction would be only temporary, As Is new woll cknown, tho order was ninde to lust durlix the whole tlio that AL ‘Tiraud remalued tn office, the inspection system started under his rule belng evidently framed so as to “Keep the word of promiay to the ear but break It to our hope,” on eeeee2OOT Jn Novermbor achange In the French Government was ameunced fu involye a removal of the restrictions; and considerable quantities of monte Ore dered for France; but jt was soon discovered that the new ailieluls jusistedl on what they would deem an efleient system of lspuction here before admitting our meats, ‘Thuy are evidently under the thumb gf the agreult Ural class, whose votes ip France are all-powe ertal whon it comes tu a question whieh they Subhas to intimately concern thelr domestic weilare, March 15 brought the news that Austria had proliblied the fmportation of eur me The lnformation dh not atfect de marke matortally, as tint country had never takon “any tosbenk of, tmyhow, But the pre viows aetion fad taken tho baekboud ont of the hog, and April 20 there was a bic breve in prices, with hotders selling out, “The de. Hyverles of May 3 were ver: taeladin tibont all there was fn store, and. the: stint, grow so heavy by another week that on. the Oh thers" was a Auelinihg Wey dard Se, nnd ‘The market broke to $15.00 for por for lard, and $7.75 for ribs, and the slowly upward, Fist In-sympathy wl arain. Barly Inditly there was 0 bie excite. nent over the allered adulteration ot with tatlow, and some purties refused tor celyes lard supposed ta be so doetored. A. commitites was rppalnted to examine Into the matter, and reported to the effect tit they could see no reason why the lard should not bo reeelved-on contracts, Nothing more was heard of ft Aflerwanti cept i few resale pues pork Peri Re, tard strowls Jrom partes in New AA. AS there was a sharp adyanee tn January pork and yenr lard, dn sympathy with arise in the price of corn. TE was supposed that the avall- able hogsupply would be much redueed by the defect of feed, and about thls thine it was als Hsevered? that the number of hogs to be fed this winter had been mitch reduced by the terrible weather of a year ago, which Had kitted off the young vis by uncounted thousands. ‘The market straggled ttfuily uoseurds, atone witht grain, from that thine til Sept. 18, which was the = INGEST POINT OF THE YEA Spot pork touched $20,005 duanuary do, $21, 10; spot fort, S157 ber do, $t840; danuary do, Sl2.97!93 ont spot short ribs, $10.55, ‘The market then fell baek, andy ality touched top” on the sd and ath ot October, From this tine pric dropped oof In sympathy, with ‘atuits, the speculating fever Ong seen {ts culwluntion, “Since then tho market ling shieily. been sustalied > by the fact of Ieh-priced corn, whleh: kept hogs up, though the long talked-of falling off Ju quatity for November failed to show up anything worse than the very respectable average Welglit of 263 Ibs for that month. Sluev then there tins beon comparatively Titde doling in pork: and not mueh fn ments except that die to the temporary bellet tint {ie Uxport movement to France would be ree sumed, in connection with o revival of tts use in making butterine the lise two months of (hie year, This, and w geod demand for ham, which in tho green state have sold for about the samo 8 salted short ribs, ts the chiet consumptive movement of the recent past; and our stocks of the speentative articles | have neeumu- lated rapidly, being sold for future dolivuty in this market. The toking of stovics In the middle of December was the signal for n senson of weakness, which ex- tended into other produce, rain being helped down by rensousof sown, But-the market reacted Inter, the sp ative demand hein }eoud snough to preserve a good premium for enrrying the spot stuff Inte tuture months. ‘There is now a hirge quantity of pork stand- ing ont of doors beenuse there Is no storage room for it. Sucttia thing at this early date in the winter Has seareely been known {i any recent yenr, j OUI FOREIGN TRADE in meats has fallen off fearfully, and that in lard very materially, ‘Cha situation may ale Most be summed up inthe statement that at the close of February oufesports were about | Ibs greater for the four months since Nov. 1 than in the same tinie n year previously, while two months ago we Were 168,000, 600 Ibs behind, showtng t falling offto the extent of some 240,000,000 ths In the elglit months which eluded the summer season. Tho cause of the deendenco was chicily Nich prices, thourh tho scare about disease had something to do with it. A year ago our packers had soft some 100,000 to 150,tu0 boxes of meats on forelyn necount, Tey “went off ky hot cakes ?-at Wguitigo per: and searcely unyword soltL nt above se, ‘Shese stiles relieved our surplts, and helped to render possible the Mah prices that fol- lowed. Germany.stad previously liposed an Import duty on our hoz, prodtict, but con- thived{o {uke it frecly 80 longus we kept the priee down. For saveral months past their markets have been ahout le below the contort importation from us, and thts, will the protitiitary policy of Prance, lett the United Kingdom to be our chit foreign cus tomer, Our own country was preqhernns, -howeyer, and tools grent deal of ment, ‘The South espe¢lally was g large consumer up to about’ De, tuek legs at Ie, and fell back badly in thy;.fall, the seare about, the cotton crdp. Belptig to diminish the con- sumption of ment All thistertt us with biz stocks of sununer stu on bung at the beglu- J ning of winter; and all the mare so as our puekers tind favored keeping it here to break the market, so ng to force hogs down to 0° tower point for winter packing. Wo had no qunster mind at work in distriputing Ht with A will, as was the enge in the fall of 1880, ‘There was alitte foreign activity in the Jatter, yet of November, wheu it wns re- ported that the French prohibition would bo removed, But It was goon over, and the partie o had sought to take the by tho forelock found the French ports locked aginst them as tirmiy ag ever, wvitel wil tulled a toss on the Speration tis they had to dispose of thelr purchases elsewhere, Some of the agate were recently resold on tals murke ‘The outlook of the present situation Is far from beluga brillisnt.one for the trade, ‘Thoro has seareely heen a year provious to 2881 In Which, fron 50,000 to 150,000 boxes of nieats had not deen sold to the foreficn trade on relatlyely low prices In the autumn, ‘The rily was then to pacts freely, aud speculate in the spring at higher prices with the prou- uct that reinined atter a vigorows Winter movement, Now all this-is changed. We have sold very little ahend, to consumers, and the British trade ts ttle better thant Pleasants: retail in its character, making tsomatines ditt to.sell there ati while Hug perewt beldw quotations. ‘Tho trade hing been sustaluod latgely by the belief that abla hox-shortage will develop itself before the closw of winter, and on the strength of that priees af hogs and product have kept to & polnt whieh rently shuts ont a largo elags of forelguers Who hnva only & few shiltings per week to spend and aro forced to fet high-priced meat alone, ‘The toltow- Ing table sliown the exports from seven At- Inntic_norta for the twelya months ending with Oct, 20 lasts Thore has heen aininor deal in tard, Bork, Meats, Lard, un tuts, United Kingdom... iT 62,060 CONUNOHE. 640008 eas HATS wt BB Te South & Central America. i Te Woat Indles,...+. Pritish Colonies, ,, Othor countries, ts for the corresponding year Oct, 20, In 1880, were: ondlng with ’ : Pork, Mette, Land, ' hile, tans Catia, TEATS 2x oU 65,817 1, UIE 10,51 2 BART 4.003 15,105 wi EN Othor countries, ORS 438 DRI, AOT - 100,468 oe eeeeee DOT ‘Kotla... Cho export movement of tha past two months has been barely 65 per centr the volume for tho corresponding ting jn 1880, PRICES OF PORK, 5%, ‘The following table shows the monthly Tanke and the average prices of cush und sullor-the-month mess pork throughout tie wos” 1425 16.45 PMOFS ON LAND, ‘ Tho following: table shows tho monthly range and the ayuroge price of prime steamed Jard throughout the year; - ois ow SUT 0.85, aT i PRICES OF MEATS. Tho following: table shows tho monthly range and ayernze price of cash stort ribs, loose, Urrough the yenrs « Atonth. neeate Utyhirat. “Av. ON tt s a 8.00, aan bats 8.00) 415 wie Mi 10.68 1024 He 8.00 1 $ 10.35 a ami) aaah 6.10 i : i ws My ate : Shoulders have ayerayed about 6) per cont of the priceof short ribs, against GY in 1880, and 72 In 1870, freely for export in the early part of the yes, beennse of relative clienpiess, and col MANY oF thom, spoiled. {tis well fawn that the shoulder is more dimcult to eure than ty the middle, It was spolted shoulders that canged the European outery nzainsh “bad? Amertan ments: that wis followed by the how! about trichiia, Looss dry salted’ shoulders ranged at d@i¥e in January, 4G5e in Morel, and wy te Terie In tuber, then declined to 6)fe th Oc- tober, and to about be Inter, “Phe average pee for the whole your was $i.75 ibs. agninst $4,33!¢ for 1890, and gu, 7 RUCKIPTS, ‘ ‘Khe following were the recelpts of pro- visions nnd dressed hogs In the clty during three years: . Heer, pkgs, Pork, bri Menta, tut Lard. t W.0 os B70 SIUPMENTS, 'Tho corresponding shipments wero 300 117,208 Dregsed, hugs, 40,024 15217 aio Re Jypvisions on hand tn this the yoar are estimated ns Tho stocks of” city at Uie close o! follows: * 1881. 1850, 1579, Fork, brio. 735,000 IRI,000 220,000 Tard, tes, 116,000, T7000 167,000 tony, 43,000, 38,000 BI Sy 76,000 0,000 65,0001 Kiz8, TONE,» ». 5,000 6,000 E00 ‘The total shipments of hog product from the elfy during the tweive months ending Oct. SL were abuutas follows: _ HOD 162,807 108,000 200,810 See UN) ‘The following tnble shows the stocks in this city, nt silient dates, of, 1, pork in thousands of bri; 3 jardin Ucnsands of tes; 3, short ribs und tong and short elears, In iullions of ibys and 4, shoulders tn do. Mid- Shontt- lca,” ray, a ’ ot 18 40} 10 ay 10 20 Es nl 4Btg. vi GREASE AND TALLOW, ‘The tallow and: greaso murkets have beon marked by shuacp fluctuations during the sear, Liv the early purt of the season tallow ruled very steady, the stpply about meeting the demand; but toward the middle of the stummuer the conditions Incident to the pour crops and other canses cubuinated ina senrelty of, stock throughout the can try, which resulted in outside manntacturers buying largely in Chicago, In order to ob- tain what tallow they needed our home man- ufacturers were obliged to raise pricessharp- ly, and to outbid foreign buyers in this mar- Ket. A big begin in tallow was. the result, and the market advanced ina brief perlod trom U¢e toP}ge, Chicago becoming thy erent recalvfite polnt-for this article from all sec ous. ‘This unnaturat ind stralned condi tion of things did not Jast long, Tho bub le, some oe which was due to soup, and some to butter, soon burst, and prices haye slneo receded to thelr lust winter basis, the market in November fully feeling the rene- tlon congeanent tipon the September boon, Grease sympathized with tallow In ity Sep- tember flight, and ling since settled down to the prices at which it ringed during Inst winter. ~ WHOLESALE MEAT TRADI. ‘Yhe sales for 1881 reach a grand total of $14,450,000, Kizhteen thing are engaged in the husiness, ¢ pty dns 160 inen and a cap. itul of 1,000,” ‘The larer part of the beet situ anitton consinned Within a radius of twenty-five miles of this elty is supplled by Chleaxo wholesnle denters, therefore tho growth tu. population of the elty and Rs suburbs is to w certain extent reflectod in tbe expanslon of the wholesila muatirade. ‘The nat yert’s business exhtbits a considerable waver any former year, and i more than one fas been most, sittis- tory that the-trade has experienced since the Initiated ported inunediately following the War Che general employment at good wages of the lnboring elasses his Tested hn a largely increased consumption, nnd as they were cuabled te pay for whit they got dealers have had to extend less. credit than formerly, and the losses through bad debts have boon less than for any other year within the past ton, In this connection It ty eratifylug to, be able to note that a cone siderable advancement has beet made in the rection of an improvement In the quality of ment secved to taenl consumers, Formerly anythin was considered good enough tur, the Chileaga market, sud very Tittle but the refuse ofthe Stock-Yards fomid Its way to the stalls of city bulchers. But the public how demande, aud fs willing to pay or | better class pt meats, and our local butchers, to thelr credit be it sald, shaw a dispositlon to respond, ‘Tho growing fmpurtands of the trada Is fy no sinall degree due to the Intros duction of the refrigerator-enr, By tts use Chicugo is uot only onabled to recelve supe piles Ina parfeatly fresh state trom ay fur away as Colorado, Wyoming, Utah. and ‘Texts, butenn requ) ly Ulspose of nny surplis, Through that system wo are now “anitally sending large ahantities to New York, Bor ton, and intermediate polnts, and within the past twelve jmonths considerable ship. Monts have been made to Crnada and to the Winnipeg country, Prices have! rveraged trom 25 toM, percent higher than for the previous, peut. «the followlig tizures closely upproxtuate the yeut’s sales of meats at tho wholes narket on West Jackson street, near Canals p Seperhitiaite “alue, jo TUM MAUNKET FOR FLOUR hasbeen much more irregular than usual, the range of prices being a wide ona; avhile thore was Jeus trading in. the aggrogate, though We inovemant Unrough the elty ex- hibits a largo Inereaye, Reducing buxa to tholr equivatent In barrels, the recelpts have been 4,067,000 bris, agajnst 3,215,880 bris In 1680; aud tie shipments were 4,051,000 bris, agalnst 4,803,737 brls thop revious year. As in former years, the magnitude of re culpis 16 Hot u gage to thy volume of business transacted. But the comparison is not to the advantage of tho trade, this thue.. There has been wore ‘of through shipment thay evur before, even the percentage showing o muterlal Inereasy, “ ‘The millers of the West, who began afew years ago. by sending to te acaboard what they could nut place here, have now partially reversed thut rule. Many ailllg 0 Southern Thuots and Wisconsin conuinns to send thely Huurs bere for sule, but the great iutling centres, as Minenpo Ms, now forward invat uf thule ‘products dl reubly to Coustining polyts, on through rates of frolght, the saving on whieh js generally Important, and sumetines excesalyely dla erfuinating against this elty, ‘The Iatter feature hus bewn a marked one during the past yea MW September, for instance, the trota) lnheapally to New York was ou ber ort, and sone lots wre bu fle’ ave been tuken at We; while the inte from Mianenpolis "to this elty Was 40e, and from dere to Now York We, ‘Th ‘ag thus ov discrimination of at least Be per Let uxuinst Clicagy, be- sides the cost of truuster and selling Mi And this enabled the millers te pay relatlvely. high prices tor wheat, whieh gave ttm tho control of the Wwarket for that cecal. Dur- é ‘They were taken very’ tug tho light of the season they, pend vor nearly as mitch for wheat on the Mississippi ne the same grades would bring tn Chfeaga. ‘Tha difference widened, however, very tnucl In November, TINE COUTNE OF EIICES followed the tips and downs of wheat rathor closely, 09 might have been expected, [twas voy aleady dtring tho fist three months, with moderate trading, atid ndvanced abou he por be) during Apritand May. Dy mild- stuntner another rise of Soe had been effected, and prices mounted up rapidly in At nist ant September, running to mor than 40 per vent above the winter busis, ‘Thendvance was erenter than th tho ease of wheat, owlny petly ta the Uelsk — forelgi demand tor te manufactured article, ag buyers did hot want to walt for the grind: ag elther here or abrond, Prices fell off rather heavily after this demmnd sinckenad, as the whet from the Biltish Wharvest of 188t became dry enough for grinding, antl the market his since rited tame. ‘Tho following little table shows the tange of prices on the principal kinds (not grades now) at about the two ex- treme months of the yenr: February, per bri, BE THO, i HBAS N00) September, ie fee $A, A00GAT —_9.500510.00 ‘The average difference between these two sets of prices is seareely 0 per cent, exelud- ing buckwheat, while the actual dhferenco was nearer dU percent; the qualities mostly dealt in showing a preatet advance than tho others. ‘The more than doubling tp in tho price of buekwheat is due to the fuct that he das! crop was a conparative failure hy Wiseonsins and our supplies recently lay spine in hirge part from Canada and New ari. There was a moderate shipping demand for flour durhig the greater part of tho ary but exporters mostly winigd low krades, which coukl be used in Surope for mixing. ‘They also tovk some mediums, and durlna the rush in the autumn bought a sood many patents, ns it became avident tliat the winter wheat crop was short. Vor sat weeks our stocka of low grades wers kept down to avout zero, Wo shoull huve sold; a great deal ‘moro in the oo antinn, but for the fact that many mills had shut down for the purpose of making extensions or dntro- ducing, the rollers dn plies of the old-fash- foned burrs, which wwe now raplilly giving way to nitehinery tor crushing instead of arlnding, .At a later dato the iiils ran short of the row niaterial, Millers in Southern Ili. nols had to send north for winter wheat, and rathor large quantities of Minnesota wheat were shipped from this elty to mills in Dixon, Steviing, Reelford, ete, which grind spring but do nob use soft wheat. Liieed, the bulle of our Minnesota receipts went back futo the country along ht Novomber, the retrograde movement being greater than du any former year, -Lt wag large enough tn 1880 to itll for notice In our Review for that year, ‘ Comparatively little of our flour was ship- ped by inke during 188t. Some went bs water to Boston and New York, but raft -freights were down so low that most Now Englund points were supplied 6@0e cheaper y rail than it could be done by lake; and nearly the samo ts true of shipments to New York, to say nothing of the smuller churges for insurinee, St. Luis has sent rather large quantities here, mostly for the foval trate, Httle of It having been shipped from this eity. We have recelyed very. fittle from Nebraska, and senreely any frond Colorado, which supplied us Jibernily fn 18%), and sent seme tn 1889, ‘Tho rapld development of miniug industries in the West now xbsorbs most, of the flours: pradneed In those States. leaving very little tobe moved enstvard, Wo have handled i reut ten! of Michigan flour. af good qual j.aty, and mitch legs of thut gromid: fn ind) ana than we dk the previous year, THE QUALITY OF ‘THE FLOUR depends largely upon that of the: whent, though it Is noted that the roller process ninkes whiter flours grade stronger frow the sing kind of wheat, Also, the new process lends to the manuincture of a renter pro- purtlon of chotce flours, making low grades aearee, ‘Lhe wheat crop of 188) made excel- Jent tour, which partly necounts for ig ine ensed production, as it found a rendy mar. t over nlarge prt o§ the consuming workd, ‘The crop of Ist is pour, especially that of tha Northwest, and Krent dent of the flour made from Minnesota wheat hag turned out to be unsound. ‘This has untied wmuny mnills to curtall their production, ‘and led others to suspend their well-knoven “brands, aul ship only serub flourd tl they enwoperate In the alt) way without risking the reputation of thelr product. Partics lin the truly say that the unsomnduess noted ly andy n diay sell, which «oes not detract from its brend-making qualities, Onder the present rules of the trade our Inspectors are obliged to grade it as below par, ‘There Ig one peeullarity of tha new pro- ecss: It turns ott a vast proportion of hot. bron this season, ‘Tho bran from damp wheat is duup when it leaves the rollers, wd heats on being packed fa mass, Under the ald. phan the brat veeanies heated fe ariniing, and tty molsture passes olf by evaporation, — Mlnngapolls and Gn Crosse hayo recently sgnt a great deal of bran hero has been‘ objected to on account of and inillers say that the above fact awreason for It. at yenr azo the preposition to establish a liiiber of grades of Hone. whieh could be bought and sold speculatively was winder consideration by x comtulttes, «But the: ‘euuld not agr 8 to datas, and in Aurit the grades then existing were dropped sities Which thne ours ts practically a sample near ket, ‘The hint has been drapped tht some davlere opposed xradig beewuse they thought their snporior business tact would enable them to de beter in selling by saniple,. Lue experlunee of the puat year lis nos fayored the idea, except in the fall, wher ‘grac men and Jobbers becume tidaulated with the excitoment phd incrensed thelr stocks, netially or by order, to five or ten tines tho Usual quantity, | ‘Cho business lias been leon nelive than ta 1880, And the tondenoy of the _{rade scons to bs towards a further decrease, the mills shipping moro and more of thoir flour direct to the consumer, It we had A SPECULATIVE MAKICT for flow, ng they five fn Paris, tho arficla would be attracted here by the high prlees of ball porfoda, ond would attract phinplag orders when prices were Heptonnl by bear Inituences, ‘Lhe country niltler could buy hits wheat and sell the flour against fl, to are rive, In uel the sume way As parties Oper ate in eribuing corn fiuethe country, nnd orders for whole caygoes would be gent from Abroad, fu preferences to. the pleking up of Uttle lots at odd thes, + Parties in the export trade say they believe that the establishment of grades woul attract confluence that Would bo worth ofitions to the trade of the elty, ‘This would be all tho more tkely, if tha prosent costs and delays of transfer were reduced by the designation of 8 grand four depot fn some location conventant to all the Tillronds, as the Stock-Yards wow are, ‘Tho exports of ontineal were very large on theold crop and quite small on the new, ‘Che fiighor prices charged for onty have res duvet the forelyn deninnd for meal nearly 0 ZOTO, . A glance at the igures showln tho growth of the four movement fs instructive, In 1858 we passed the hnalfinillion mark in ros eelpts for the first the, Tn 1801 thoy first ax- ceoded wh iniiiions tin 1868 the tlenres ox- evaded two indtlions; In 1878 they had grown ty over three miifion bria; and now the rec- ord is rounded of with nearly five million, rls, uyeraging more than 05,000 brls for nen of the fifty-two wooks In thy year, , Beksseubilecat WHEAT, ° THE WHEAT MANKET das been yory Irregular buth jn regard to activity and price, One recelpy have been Very much ‘smullor than In 165U, when they wery, less than iy 1870; but this fins buen compensated by Increased recelpts of flour, While prices hava ruled higher, and the exe tent of trading Is shoply ‘without a parallel {nour history, ‘The receipts of the year age Bregated 15,123,000. bu, agsinat 23,541,007 bu Ja 188); and the shipments wore 17,453,000 ba, Ugainst 23705288 bu the provlous yeur, ‘These are the totals of the dally returns: jnade to the tunrd of ‘Trade by thy railroads and the Custom-LHouse, errors ju footing axe ¢optod, ‘Tho sums of returng by the Grain thspectlon Department showing the move taunt by car-loady, ote, are given ina subse quent columns ‘Thy receipts of wheat from Aug, 1, 1880, to dan. 2, 1831, equaled 14,538,843 bu, and from ist sents 4 7 WUV,BSL bu, gan Dio Aug 31 in the Total, 22145085 bu, against 2,603,03 bu the broylons LWwelye months, and 31,704,310 bu for the year ending Awe 1, 1870, Our receipts from the crop of 1878 were the Jargest In the History of the tude, except those from the crop of 18st, Which aggregated 85,133,407 bu, Tho receipts of flour during. the lust crop yeor were, howe yer, 101400 brig wore than enterlalned in regard te preparations for the for tho preceding twolvo months, ‘1 equals nearly 200,000. bu wheat; so that HS, agyreanty reeelpty of whent aid flour tor the hast wo crop years Were very nearly equal, Thy market has ruled higher than the apecty avorae of niy foriner year. "Nhe tay. ost price was Ue above, aud the highast price was Lig nbove, the corresponding poluts for 1880, During the first four months the mar Ket ransuil bolow $1.00, but Lio ave: se Was below 31,00 only in, ono mont—February, Prices were ahove the dollar mark durin, the last etait months, much to the suri w majority of those ib the trade ty months ago. Our harvests had been very ivge during the three prosedlig years; ang apparently our surplus had only beew. dis. posed of by virtita of unusual erop failures brand, witlel one contd acareely expeet to be repeated. Our market for No, 2 had ay. erred gbout $1.051¢ fn 1880, but this tiausual. ty Mah average hind dbeun obtained only by vir. the uf much sneritice on the part of tho bulls, and thelr enterprise had un tontedt doy with full st which consumers seemed wnwilllng to abanything like the prices asked, especially gy It was known that a large nerange ling been seeded to winter wheat. Tence tt was that early Inst year there was a munerous erop of bears who freely predicted that tho nest crop would sell nt T5@80e, and were only prevettted: by the fear of mantoulation from selling tho market down to the nelgh. borhood of those flzures, They remembered how Keetto hind forced the bears to pay for their whistle, thous nt nloss to himselr, and they forbore, But na the winter word on lt becume more and more evident that the sea. son Was one of extraordlnary severity, ant grave fears were entertulned for the saftey of the whuter-wheat crop. It was also re inembered that tho frosts camo on go ear! as tu give but little Spportunily for ‘all plowing in the springw! Tho sprite opened Inte, nik ft then beeame eve dent that vast areas of winter wheat wers i total loss, whit the season was exceedingly iuuaplelous for “the spring sowing. As early ag May 31 (Tie Trinune wade av cll torlal statement to the effet that the whols crop would ba short to the extent of nearly 150,000,000 bu. ‘Tha statamunt wus very harshly erltielsed, especially by the Raster press, \ his atntost uniformity so bearish, i tone that it would dlseredit the unget Ga brielif he should proeiatm the fact’ of 4 short wheat crop, As thine wore on it be cae more and more certals that there would bo 2 big shortage In the yleltls and Unt earty estinite, subject to inodification by tha weather vielssitudes of three steceeding months, has proved to be a otose approxtina tonto the truth. ‘The people who traded on the theory of n short crop erred only in not altnehing sutileient importance to the supply from other areas than the Atiantle slope of the United States, hoy did not tke into necaunt the big surplus of the Pacific slove and the avatlavitity of other countries in tho Eastern homtsphere as sources of supply to. Western Europe, ‘Chat was thelr mistake, THR MARKET TURNED UPWARD nent districts, Huniiatiy: ‘The first hal€of the month it ringed at SLOU@w2, and touched S1UL on the Mth. ft then alvaneed to 81.1294 on the sith, Armour buying about 3,000,000 bi on the rise, Ho sold out near. the top, nnder reports of more favorable crop prospects hore and in Europe, and the market here turned down for luck of support. Mr A, then took hold gain, and soll out in the neighborhood of SL14, the operation being probably, thy cornerstone ot the subsequent htense speentative exeitemont. Certain men int Cinelunatl dipped tn moderately during June, and, gathering confidence, they de eliled onan Organized deal, wiilel was con ducted by thu since well-ndvertised My, Jiandy. Their first purchase, as an orgal zition, was 1,500,000 bi for Augast ab aguut SLU55 Uns was made duly f, tha day before Prestdent Gavileld was slot. ‘Tha market broke a3 a consequence of tha Kener Une certuluty which tollowed tint tragedy, but the clique kept on buying. “Phoy Gout ull the mmurket tumed up, ciietly as a conse anence of their opeyutions, and then tried te. Untoad when the market was nbout $120, Bat they found they could not do tt without ws sinnsh in quotations, and deelded to earry the deal further, especially as tha weather hero turned bad and a wet ‘spell be eeictn Engtand, whilelt evontaally cut down by one-half the promise of 059 per cent Ins ervase over the crop of 1880, The ebiqne re celved and patd for 3,865,000 bu on the [st of Attgast, the same being 6,000 bu more than wan supposed to by instore. ‘They shipped -abont 1,400,000 bu of it, netding a fair pratt on the uverage coat tu then, though that tie eluded about £00,600 bu of wheat out of cor aithons tl which would baye been pasted ag hot “had nat retoved Hd Cte, They wed 4GU,100 bit by lake, most It belng from Milwankee, and «that city also sont = xome + by rat. ‘The total quantity: of wheat re etlyed here Tn August wie 2,1550,000 bu, ot Which abont 2,000,000 bu was No.2 Thy eHaue sold in ths elty all the wheat that they tht not slip ay above, and closed ont the tical between Alig. 20) und the tot tnt month, exeept defaults, The quantity lets Unsettled was, however. a larze one—about 300, th des that Involved [nthe (New York) Baker dew, which was appeuled to ihe courts. ‘Lhe latter amounted to about bu, the sunt in dlsptte being Inthe. uelghborhvad af $90,000, ‘The inrket advanecd to S140 “at the: close of 7 August, amd the suttling —prica on defaulted contracts was afterwards fixed nt S183, Ut ia not known (te the writer) how “Mitteh wheat was bought and sold on that dea, but thore is reason to believe tha ths “largest “atmatity they held at any one thag Wits about + é NINETEEN MILLION DUSITEDS, and they cluared: nearly $1,000,000, after paye {nee al! the expenses oF the deal, Some rather large quantities of wheat pald handsoue prolits to other parties who liad tailed te ott the long sidv ifier the big operators, and these pardes, flushed with success, ¥ 5 pared to entoron another campain, bellayving that there was yot money to bo mude on the louie site af the deal They iniscaleulated,: but the Cinetnnatt folks iad done so-before that, only in the other direction. ‘The party was broken tp with the close of the Atuust dent, but most of its members had already coumitted theme selves as fudlyldiuils to the bear sity on lange er futures, ‘They thought they had forced the qaarlcet Ww. by dint of pecuniary fore to about as highs potntas it would bear, and that the same money power could foreo tho warket down, It ts tniderstood that they took the bear side ehtetly hecatise they knew the wheat to bo ina shaky condition, and caloulated |” that poor quality would help thom in forcing it down They were wrong ott both hynothests ‘fen thes ag inuch eash aud cournge woul Not have pet, Up prlees had not Providence been on the bull side as well as thoy, and Providence Kept on that sido after they had firned aver to tie other, By the thing dey had gone short about 5,000,000 bu the Minne sata crop Was reported to be very short, we Northwest was deluged with ral, fears were Nest crop, and the Britishers found then selves strimded for want of wheat, thelr owa eroo being so mich damaged by tain as to make it unt tar use befars Octubur, besides lessening the yield. English buyers becate aetlve, "hoy chielly “wanted four, be chuse thant woul be sooyest. ayallable for brend-maklig; but this: ae ance woke up our interlor millers, and they began to spay prices for wheat at home which were high even as compared with quotations In te elty, Flunedeaters allover tie cate try now Joined in with orders on the ill and thotisands of people became alinost wil with the bellof that there would not be wheat onuugh te go rouill,ns if the demand then ex verleneed would continua alt tirough tha your, As above stated, tha forelgn demu was chietly for flour, and the wheat In our cluvators, not goad ‘at the best, bexan to Ket out of condition. ‘This encouraged. ts shorts to sel) at! more, but the market kept up, aud oven o Hbaral posting of wheat tablod to break prices, About 507,000 bu wup poste ultuguther, beasties the 200,000 nboye noted; but the hot wheat was sa eagerly taken bY shippers at about the price of No, 3 that f ulekly rosy to n discount of only 2@¢se from the prige of regular, ‘Lhe fatter was bought chiefly to fill a long ine of sellur-the Neat about 1,009,000 bu of which had bee = picked up sby” four leading operators Bt-.low prices in -the ‘spring, — .Abuut all tho wheat in eluvator the fish halt of September was delivered on these contracts, nnd finally closed out by the yeat longs at a handsome profit on the purchases 1% was this year deal that eat His: auanunuton at an Bldasatabsiash hoe ‘hic -byun short to the tune of abot Sonsvoe by, 2 a say ie As Septumber ‘wore on, tho market grow Morg ahd more foverish and unsettled. “The high Drives still attracted buyers trom oUt slide, chivity. trontvanidie ahe-ctuss whe had Wok specolitad fauch previously, But tere Were aien plonty cof sellers, und these werd mostly wen in the. trade who had watehed the aituntion Closely, saw that Engilsls toute buyers were rolathig, as their own wheat Was gotthue ready to use, and that of Russia Was also bestintng to move, They saw at a break could nut be delayed muh longer But thoy were searcely propured tor se TU COLLAPAR iy the shaye in which Iteume, On Mondays