USA > New York > Erie County > Buffalo > The Commercial Advertiser Directory for the City of Buffalo, [etc.] 1860 > Part 6
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The foreign war news about the first of May, was such as to create a gratifying degree of buoyancy, and transactions at bank were of a character to compare favorably with the busi- ness of former years. This was attributable to an improvement in the flour and grain market, as well as the favorable. advices relative to the new crop at the West.
On the first of June there appeared to be an increasing demand for money at bank, arising both from business wants and to meet maturing liabilities. Baukers, accordingly, found little difficulty in keeping their discount lines fully up to a point that called for all the funds which could safely be employed in that direction, while the rates of interest on all grades of busi- ness paper were fully up to the legal figure, and this improvement, as may' readily be sup- posed, went far to secure a good degree of wil- lingness on the part of capitalists to keep their
38
COMMERCIAL ADVERTISER DIRECTORY.
funds fully employed. The six per cent loan of $18,000, awarded at the office of Mesers. Dun- can, Sherman & Co., New York, on the 11th of this month, fell to one of our savings banks at an average of 94 1-4c., disclosing to our citizens the gratifying fact that the successful bids for this loan were sent from this city, thus speaking loudly for the strength of our institutions, and the confidence in the future of our locality .- There was, meanwhile, an entire absence of or- ders for Western currency, showing conclusive- ly, thereby, the depressed state of trade thro'- out the Western country. The discount on Il- linois and Wisconsin funds advanced rapidly from 11/2 to 2, again to 212, and lastly to 3 per cent., where it afterwards became fixed. The month closed with a supply and demand about evenly balanced, consequently but little com- plaint was heard of a scarcity of either paper or money.
There was an increased activity in the bor- rowing line, about the first of July. The ag- gregate of bills payable maturing on the 4th, was said to be unusually large, to meet which required a general movement among mercantile and commission houses. A very small amount of paper, however, found its way to protest, while the banks themselves had the satisfaction of knowing that the most stringent point for the current twelve months had passed. July dividends were numerously advertised by cor- poratious other than railroads, and, as a general thing, were of a favorable character. By the close of the month, however, in not a few instan- ces, borrowers found it difficult to obtain the ne- cessary amount of money in order to a success- ful prosecution of their business, arising not so much from a lack of means, as from an increas- ed degree of caution.
The month of August opened without devel- oping any new monetary feature of importance, but by the 15th, bankers, contrary to the order of things in the latter part of July, found it dif- ficult to keep their funds as actively and safely employed as could have been desired.
There was every indication in favor of an easy money market at the opening of September, and low rates of interest were expected to rule during the remainder of the season. Tones of buoyancy and encouragement came up from every direction. Application for accommoda- tion at our houses of discount were, as usual in times of commercial activity, of such a charac- ter that bankers found no difficulty in keeping their discount lines full, and were, moreover, en-
abled to make selections from a desirable class of paper, both as regards security and shortness of dates. The demand for Canadian currency was at this time unusually active. During the last week in the month there appeared to be a scar- city of desirable paper offering, and the market was appropriately termed " easy."
October and November were marked by no- thing of special monetary interest. At times there was a stringency at the West and ease at the East, then, again, in reversal of the order of things, curtailment was apparent at the East, while expansion ruled supreme at the West. A good local demand for money prevailed, hower- er, especially during the latter part of October, and even up to the middle of November, so much so, in fact, that our discount banks were willing to receive $30,000 from one of our ssr- ings banks, and $25,000 from private bankers, at six per cent. interest. On the whole, the business of the banks is believed to have been as profitable as usual.
COMPARATIVE STATI MENT of the amount of Capital in the Banks of the city at the close of 1858 and 1859 :
1858.
Bank of Attica.
$250,000
$350.000
Buffalo City Bank.
277.7 0
Clinton Bank
250,000
250.000
Farmers' and Mechanics' Bank
150 000
1.50.000
International Bank
400,000
400,000
Man. and Traders' Bank
495,000
800,000
Morine Bank ..
500.000
200 000
New York & Erie Bunk.
500,000
300 000
White's Bank.
900,000
200.000
Totale,
$2 622,700
It will be seen by the abore statement that the only changes in the banking capital are as follows : the Manufacturers' and Traders' Bank have increased their capital from $495,000 to $500,000 ; the Marine Bank shows a decrease of $100,000 ; and the Buffalo City Bank a de- crease of $138,850, being just one half the cap- ital they had in 1858 ; making a total decrease of $233,850. The Niagara River Bank, former- ly located at Tonawanda, and more recently of our city, has moved to Lockport.
COMPARATIVE EXHIBIT of the leading items in dve quarter- ly reports from December, 1858, to December, 1869, both In- cluded:
BANK OF ATTICA.
Loans & Dis.
Specie Circulat'n.Deponts.
December '58.
.- 394,101
3,326
65,337
129,141
March
'50
.384,739
3 921
62.164
160.1.9
June
'59.
.309,352
3.344
$9,993
132.546
September'59.
358.626
5,861
62,683
172.7.3
December '59.
-836,081
3.341
60,573
179.492
BUFFALO CITY BANK.
December '58.
.269.136
3.863
60,513
4751
March
'59.
.234,706
5,261
49.952
Jane
'59.
.231,407
4.382
29,569
45,543
September'59.
.262,651
3,373
30,628
56.916
December '59.
.247,186
2.220
31,393
90,503
OLINTON BANK.
December '58.
.. 596,324
7.027
62.905
311.748
March
'59 ..
.800,526
7.574
61.804
June
'59. .463,881
2,448
113 281
159,599
September'59.
.. 691,420
9,974
59.347
305.638
December '59.
-579.995
2.995
60,963
950,309
39
COMMERCIAL ADVERTISER DIRECTORY.
FARMERS' AND MECHANICS' BANK.
December '50.
..... 401,016
6,965
47,000
March
.59.
....... 378,505
6.599
50,000
JaDe
.69.
.386.394
4.191
84.459
September'59.
-400.759
3.448
44,792
December '59.
.420,219
2,006
38,198
506,518
INTERNATIONAL BANK.
December '53.
-400,147
8.171
50,000
96,093
March
.. 422,541
4.579
39,866
116,113
June
-425,989
6.211
34,906
118,535
Heptemher'59.
.464,151
3.155
48.782
178.920
December '59.
498.968
3.886
16,345
176,171
MARINE BANK.
December '58.
... 685,160
4,702
112.717
265,103 242,535
Jane
y.
.. 348.989
20,99$
99.004
190.767
September'69 ..
... 20,753
3.019
59,004
70,879
December '59.
.. 402,462
2.057
70,224
195,984
MANUFACTURERS' AND TRADERS' BANK.
December '58 ...... 543,503
28.800
98,800
March
'59 ... ... 519.376
17.436
85,300
June
.548.497
17.141
51,800
September's9.
-537.645
18,163
81.700
97.479
December '69.
.. 638,318
21,390
93,500
84,075
NEW YORK AND ERIE BANK.
December '56.
.. 236,279
3.138
44,028
48,188 49,030
JODe
v.
... 294,028
5.310
50,520
96,824
September'50
... 298,890
3.851
41,081
101,821
December '59
-315,849
1,912
42,627
126,638
WHITE'S BANK.
December '58.
.. 394.223
6,571
71,851
99,157
March
.380,825
6,110
68.278
210.723
Jane
. 450,999
3,585
72.447
238.512
September'59.
.615.727
4.410
71,602
272.288
December '59.
466,050
3,616
72,880
213,219
The foregoing statement shows in the aggre- gate a decrease in the department of loans, a decrease in specie, a decrease in circulation, and a large increase in deposits. In order to make this the more easily comprehended, we have prepared the following table in a condensed form, which shows at a glance the increase and decrease in the leading items, as shown by the Bank Statements for the quarter ending Sep- tember 10th, 1859, as compared with that of De- cember, 1858.
1858
1859.
Loans and Dis.
.$3.978,894 60
$5,806,073 09 Dec.$173,831 51
Specie.
71,659 08
44,067 59 Deo. 27,601 49
Circulation.
611,824 00
516,4:2 00 Dec. 96,402 00
Deposita ..
1,996,752 97
1,721,344 78 Inc. 324,591 81
The following will show the proportion of in- crease and decrease in the items under conside- ration, previous to, and since the 1st of July, 1859:
Loans & Dia. Specie. Circulat's.Deposits
Jane
.3.458.536
67,005
536,889 516.423
1,449,336 1.721,344
Inc
346,537
Dee.
....
23,948
19.467
....
The following is a detailed statement of the condition of the several banks located and do- ing business in this city at the close of the year:
STATEMENT of the condition of the Banks of Buffalo, Dec. 10tb, 1869, as shown by their quarterly reports of that dato.
RESOURCES.
White's Bank
Marine Bank
International Bank
Farmers' & Mech, B'k
Clinton Bank ..
Bank of Attica
NAMES OF BANKS.
$5,806,073 09
466,030 98
315 849 19
402.462 66
538 318 15
420,219 90
579,965 41
247.186 40
336,081 86
Loans and Discounts.
$18.176 09
1,674 43 8.254 01
457 35
512 12
1.822 73
1.375 81
272 90
3,005 63
299,870 97
18.404 62
24.720 23
27,531 01 22.208 63
59.171 30
10,917 99
19.611 57
44.641 15
32.764 47
189,871 291
4,784 50
15,464 37
58,029 06
11,612 36
23.200 OT
44,067 89
3,616 70 1,912 50
2,057 64
21,550 90 3,886 60
2,696 90
2,995 30
3,341 05
25,105 52 1
2,832 67
6.216 10
1,708 17
5,747 55
1,397 98 2,770 00
726 60
3,457 00
423,536 20 |
51,210 00
62,360 20
40,200 00
61,500 00 25,000 00 42,771 00
56,820 00
66,425 00
Stocks.
416,018 55 |
72,470 77 22,554 00
49.197 95
46,824 00 49,265 00
75,678 25
34,500 00
52,667 23
Bonds and Mortgages.
28,381 00
4.798 00
546 00
2,402 00 4,745 00 3.3'0 00
2,947 00
4,044 00
2,198 00
Bills of Solvent Banks.
779 00
367 00
100 00
....
212 00
100 00
....
33,492 48
4,875 70
2.091 02
1.416 83
4.357 50
8,243 54
2,754 92
2,732 21
Loss and Expense Account
....
'59.
... 383,080
8.069
109,013
142,540 118,868 115.415
March
150.
... 204.214
2.216
46.024
813 11
| Overdrafts.
Due from Banks.
Real Estate.
· Specie.
2,220 00
Cash Items.
169 45
17,250 00
1 ,881 35
Decemly'r '50.
-3,806,973
44,007
372,008
258,483 505,136 862,096
324,915
New York & Erie Bank
Manuf'rs & Traders B'k
Totals ...
Buffalo City Bar
4,179 89
61,500 00
11,101 11
498,968 64
3,571 00
Bills of Suspended Banks,
7.020 72
March
40
8,277 50 |
927 11 1
5,500 00 ;
82,598 05 1 5,816,504 30
LIABILITIES.
Capital.
Circulation.
Profita.
Due to Banks.
Due to Individuals and Corporations
Due Treasurer State of New York.
19,278 42
136,850 00
31,293 00
38,738 90
14,209 77
19,174 28
250,000 00
60,362 00
28,910 08
1,987 84
20,599 82
18,984 54
Farmers' & Mech, Ba'k
150.000 00
38,198 00
26,553 18
24,305 13
19,485 89
International Bank
400,000 00
46.345 00
31,265 85
5,158 92
18,888 73
Manuf'rs & Traders B'k Marine Bank
500,000 00
93,500 00
39,502 84
8,919 44
·
.... ....
3,277 50
..
...
81,850 88
New York & Erie Bank
500,000 00
42,627 00
44,571 20
11,062 10
19,207 23
White's Bank
200,000 00
72,880 CO
87,604 63
58,026 97
50,174 18
19.284 8%
Totala ..
1 $2,888,850 00 | 516,423 03 |
285,661 88
187,625 88 |
51,783 91 1
153,579 51
.
Not included under foregoing Heets
Totals.
179,072 82 90,563 50
'2,598 52
557,637 55 335,367 27
850,107 23
731,391 21
305,512 45
10,907 91
563,734 35 699,807 68 724,798 18
84,075 :0
...
195,994 01
...
543,572 17
127,638 78
54 , 96 31
213,219 US
....
626,169 67
We refer the reader to figures under the head
of "Lake Commerce," indicative of the me-
ceipts by lake of this article from 1836 to 1859
inclusive. The total receipts for the past two
years have been as follows:
1858
1850.
Total mpply.
by Canal
by Buffalo & Frie R R.
Total supply
The above shows a decrease of 115,776 bbb
4,564 bbls in the receipts .by canal, and a de- in the amount received by lake; an increase of
crease of 26,060 bbls in the amount manufac- tured. The total supply of 1858 is shown to have been 138,382 bbls in excess of 1859. In
Buffalo and Erie Road, and we therefore insti-
tute no comparison between the receipts of that
The receipts by lake during the past two ses-
sons were consigned as follows:
To commission merchants and forwarders.
To N. Y. Central R R.
To N. Y. and Ere RR
To N. Y. Ce tral R R
To N. Y. & Erie B R.
Total
As compared with 1858, there is a falling off
or 120,050 bbls in the amount consigned to
commission merchants and forwarders, a de-
crease of 9,176 bbls in the amount consigned to the New York Gentral Road, but an increase of
COMMERCIAL ADVERTISER DIRECTORY.
..
....
..
..
81,787 10
Bank of Attica Puffalo City Bank
250,000 00
60.573 00
17,890 21
30,883 10
....
....
..
12,393 88
731,391 21
..
115 65
811 46
5,500 00
724,798 18
....
543,572 17
200.000 00
70,724 00
20,105 69
$8,182 61
19,075 86
....
....
....
Not included under foregoing Heads
NAMES OF BANKS.
Personal Property.
Due from Brokers.
Premium on State Stocks.
Totals.
557,637 55
335,367 27
Clinton Bank.
66,734 35
6,496 19
689,807 68
1,070 ži
·
544,096 81
1,420,5M
71,173
1,812,5%.
Receipts by Lake
by Buffalo & Erie R R (enti ated)
by Buffalo & Lake Huron Railway before
opening of navigation
by canal
Manufactured in the city .
Receipts by Lake
.6
Manufactured in the city
3
1,721,344 78 |
13,446 43 |
5.316,504 39
FLOUR.
1850.
To commission merchants and forwardera.
62.914
614.717
1858 we estimated the amount received by the
year and the one just closed.
1868.
Due Depositors.
176,171 06
Total
other than Banks.
626,189 67
41
COMMERCIAL ADVERTISER DIRECTORY.
13,448 bbls in the amount consigned to the New Fork and Erie Road.
The source from whence our supply by lake was derived last season is as follows:
Obło
426,251
Indiana.
909,893
Michigan
502 013
Illinois
181,623
Wie.omin
160.963
Canada
36.691
Total
1,420,353
Of the aggregate receipts by lake, railroad and manufactured, there were used in the city and vicinity, shipped by different routes, and in store, at the close of the year, as follows:
Taken for consumption, bble.
Shipped hy canal to tide water.
162 290
the interior 68,194
In store at the close of the year.
40.000
In the bands of millers, about.
50,000
Consigoed o the N. Y. Central R R.
5 -5,541
( opsigned to the N. Y. & Erie R. R
52.914
Shipped by ferry bonta to Canada
70.092
Shipped coastwise by Iske 9,123
Lewving as an additional amount shipped by the N.
Y. Central N Y, & Erie, and by team into the country
734,182
Total, equalling supply 1,812,398
As the Central Railroad Company do not per- mit any examination of its books, we are una- ble to state the amount shipped by that road, originally consigned to other parties, neither have we similar figures indicating the amount sent forward by the Erie Road. The amount in the hands of millers is an estimate, and in- tended to embrace the Black Rock flear. In order to show the sales, we put the figures in the following shape:
Macafactured to ship 310.140
Consigned thro 'gh by railroad
588,455
Instore at the clone of the year.
90 000
. ales reported in the Commercial foot up. 247,288
P ivate and unreported sales, estimated 120,000
Shipped from here without sale 456.465
Total equal to supply 1,812,998
Nearly all the flour manufactured at Black Rock is shipped eastward. If any considerable amount of it changes bands here, but a small portion, comparatively, is reported, and our last entry, therefore, of the amount shipped from here without sale cannot be far from correct.
The actual reported sales since and including 1856, have been as follows:
1856. bb!s
351,700
1867. . bla
203.800
J&M, bhla
$15.409
1869, bbls 217,288
At the opening of navigation, the stock of de- sirable brands was quite light, and the market ruled decidedly firm, but as soon as supplies began to come forward by lake prices were not so well maintained, but it was not until about the first of April that the market became ab- solutely dull. A fair speculative inquiry had prevailed previous to this period, but it now en-
tirely subsided, and the second week in April was, perhaps, the dullest of the season. The market continued to decline until about the first of May, when the war news from the other side of the Atlantic served to put up prices 10 a 15c on its first receipt, and afterwards 15 a 25c. During the third week in May, however, prices dropped away as rapidly as they had before ad- vanced, and the month closed very quiet .- During the forepart of June the market was de- cidedly buoyant, occasioned by the receipt of news to the effect that the crops had been cut off at the west and southwest by a severe frost. In Cleveland flour ruled 15 a 25c higher than in our own market, and considerable quantities were accordingly shipped thither from this port. It was not antil about the first of July that any material falling off was apparent .- From the middle to the close of the month, ow- ing to a reported armistice between Austria and France, coupled with highly favorable reports relative to the new wheat crop, medium to good brands declined at least 50c per bbl in a single week, and in some cases even more. From this time to the close of the year, a gradual but steady decline was apparent from week to week, a result attributable to the increased quantity as well as quality of the new crop of wheat.
The following is a list of prices for medium to good extra flour once a week during the season of navigation for three years:
1857.
1858.
1859.
March 7.
$5 50/6 00
$4 12@4 50
86 25/06 62
March 14.
5 5006 0J
4. 00.04 25
6 25606 62
March 21
5 4506 00
4 00074 25
6 25/2.6 50
March 28.
5 5506 00
4 U0(@1 25
6 25016 50
April 4.
5 65016 00
4 1204 37
6 2 (6 5)
April 11.
5 6 %6 12
3 87(@4 00
6 00(06 37
April 18.
5 75(@6 25
4 12004 25
5 879,6 25
April 25
5 62.26 12
4 12@4 37
5 87 @6 37 6 2526 50
May
9
6 25(@1 00
3.75604 00
6 37 006 75
May
16
6 62(@7 37
3 87(44 25
7 250 7 62
May 23
7 00697 75
3 75(@4 45
7.00(a)7 25
May 30
7 25 ,8.00 6 87(@7 64
3 55@4 70
6 75077 25
June 13.
7 00(@7 75
4 00004 75
7 00 0 7 25
June 20.
6 8707 62
4 00(a)4 75
7 2(27 60
Juce 27
6 75(@17 50
4 1204 87
6 87(a)7 12
July 4
6 62.7 37
4 25 @5 00
6 757 00
July 11
6 507 25
4 18/04 95
6.50grG 75
July 18
6 5 -7 25
4 12@74 87 6 0 a6 37
July 25
6 50(@ 7 25
4 12 @5 12
5 00 2)5 25
Aug. 1
6 25/07 00
4 25015 00
5 00(25 25
Aug. H
6.62(27 25
5 0 @5 75
5. 00005 25
Aug. 15
6 62@7 25
5 25(2 6 00
4 75@5 00
Ang. 22
6 25/6 87
5 50@6 25
4 62004 87
Aug. 29
5 37@6 -0
4 75004 87
Sept. 5
5 25 16 00
4 60.04 75
Sept. 12
4 7575 87
5 00025 75
4 500004 75
Sept. 19.
187 625 50
5 001 5 75
4 5004 75
Sept. 26.
75725 87 50-5 12
5 12.05 75
4 62(@14 67
Oct. 10
37@5 00
5 12 05 75
4 64@4 k7
Oct. 17
6:35 55 4 62 75 25
4 75(2 5 60
4 75225 00
Oct. 31.
4 62
-@5 25
4 70005 45
5 25(0,5 40
Nov. 7.
4 70606 50
5 0 5 4
Nov. 14.
4 87 5 62
5 00(2.5 40)
Nov. 21.
5 00605 40
Nov. 28
5
4 6 65 25
5 00@5 75 5 00@5 75 5 00.75 50
5 12-75 50
5 35.65 50
Dee. 12
4 50725 12
5 12@5 62
5 255 00
May
6 00(a)6 54)
3 87004 12
3 87(44 62
6 75(27 25
June 6
5 66 6 25 5 25,75 -7
5 12(45 87
4 62004 87
Oet. 8
4 87035 62
4 62005 00
Oct. 24
4 65 25 4 5075 25 4 20 75 25 4 50/25 12
48
COMMERCIAL ADVERTISER DIRECTORY.
The flouring business of the city for 1859 shows a decrease as compared with 1858.
The following is a statement of the number of barrels turned out by each mill for four suc- cessive years:
1856.
1957
1858.
1859.
Frontier Mill
39 00
447.0
450 0
Que n City Mill
16 .10
As compared with last year, the Frontier Mills shows an increase of 300 bbls; the Queen City Mills a decrease of 6000 bbls; the Erie Mills a decrease of 6000 bbls; the Niagara Mills a decrease of 28,431 bbls; the Clinton Mills a decrease of 11,800 bbls; the Globe Mills an in- crease of 5839 bbls; the Buffalo City Mills an increase of 20,541 bbls; the Wadsworth Mills an increase of 15,000 bbls; the Hydraulic Mills a decrease of 500 bbls, and the North Buffalo Mills a decrease of 5000 bbls. The total de- crease in the amount manufactured, as compar- ed with 1858, amounts to 16,060 bbls.
The Webster Mills, formerly located on Van Rensselaer street, bave, since our last annual report, been removed to Aurora. While here they turned out little beside feed and cornmeal.
The most noticeable feature in connection with the above figures is the very large increase in the amount turned out by the Buffalo City and Wadsworth Mills. Both of these establish- ments are run by steam, and both alike have the reputation of manufacturing the very best brands of double extra family flour. The Mills at Black Rock are also in excellent condition, and we doubt not that another year will wit- ness a large increase in the flouring business of the city.
WHEAT.
Under the head of " Lake Commerce " may be found a statement of the receipts of this article by lake for a series of years. In 1858 and 1859 the receipts were as follows :
Receipts by Lake. 1808.
by Buffalo & Erie R K (estimated).
25.1.00
by l'anal.
8,515
M by Buffalo and Lake Human railway before the opening of navigation. 39,389
Total supply
1889. .10,744,454
Receipta br Lake.
by Buffalo & Erie R R.
24,852
3 by Canal. 100,404
Total supply. 9,569,908
Compared with 1858 the total supply from all sources shows a falling off of 1,184,546 bu. The source of supply by lake last year was as fol- lows :
Ohio. 518.904
Indiana .. 951.802
Michigan.
423.616
Illinois,
4,348,255
Wisconsin. 2,762,378
Canada
426,607
Total. 9.434.083
The receipts of 1858 were larger than any other year in the history of Buffalo, and last year there was a decrease of only 1,184,546 bu. The amount received here by lake of the harvest of each year for five years is herewith given :
From Sept. 1st, 1854, to Sept. Ist, 1855, there were
received of toe crop of 1854 ... ba 4,006,340
Fro Sept. Ist, 1855, to same date 1856, of the crop
pt. Ist, 1856, to Sept. Ist, 1857, of the erop Fron 8,992,719 of From ept. Ist, 1857, to Sept. Ist, 1858, of the crop 12,615.6
o
From pt. Ist. 185s, to Sept. Ist, 1859, of the crop 6,33,15
The crop of 1858 is thus shown to have been only about half that of 1857, a result, by the way pretty generally anticipated, in view of the largely diminished receipts after the Ist of Sep- tember in 1858. The receipts from the Ist of September to the close of navigation for the years named were as follows :
From Ist Sept., 1855, to close of navigation, there were received .. ba 6,347 8%
From Ist Sept, 1856, to the close. 6,430,806
From Ist Sept., 1857, to the close.
From Ist Sept., 1758, to the close. 4.08.15
From Ist Sept., 1859, to the close. 7,509,300
Taking these figures as a basis for our calca- lation the crop of last year must have been an extremely large one. We received from the 1st of September to the close in 1857, 6,362,263 bu. while the receipts at this port of the entire crop of 1857 were 12,615,631 bu. From the Ist of September to the close last year our receipts, as above, were 7,509,389 bu .; the reader may thus be enabled to form some opinion of the proba- ble balance of last year's crop yet to come for- ward.
The disposition of the entire receipts last season was as follows :
Shipped by Canal to tide water. bu 3.287.48
to the interior. 2.880,506
« " Lake coastwise ..
636.199
ferry boata to Canaria 184,813
157,900
Burned in City Elevator, Nov. 7. In store at the clone of the year. Ground by city mills .... 1.500.20
Consigned by Lake to the Central R R.
u to the N. Y. & Erie K R.
Amount otherwise disposed of.
80.096
Total equaling receipts 9,509,000
Taking the season together both the specula- tive and milling demand was quite active last year. The greatest activity provailed during
31620
47010
6910
640
Niagara Mili
47723
Clinton Mill
15000
2110
1427)
Ginhe Mil'
7000
1650
)211) .
17-3?
Buffalo City Will
76'5
77 '5
26 41
Wad-worth Mill
17000
3510
3000
Hydragii- Will
1500
1500
1000
Webster Mill .
1000
North Buffalo
1800
40100
36100
Total.
178965 215035
336200 31.140
54569
3:00)
10 671,550
9,434,612
43
COMMERCIAL ADVERTISER DIRECTORY.
the fall months. The sales for four years have | the weekly variation in prices once a week for been as follows :
Rales reported in 1856. bu 3,986,000
Rales reported in 1857
4.640 1:00
Sales reported in 1858.
8 893,000
Jales reported in 1859 5,447,000
The market on the first of March ruled firm,
but the demand was confined almost wholly to the wants of millers, who, by the way, were not purchasing to any great extent. By the middle of the month, however, more activity prevailed, resulting from an increased speculative inquiry and lots of spring and club of from 2,000 to 6,000 bu. each, changed hands pretty freely at from 95 cents to $1,00 for the former and $1,00a 1,10 for the latter. Towards the close of the month, as lots began to come forward by lake the demand was sensibly diminished, buyers, on the one hand, contending that prices would soon comne down to a point which would enable them to purchase, while holders on the other, maintained their usual firmness under the impression that the receipts were not likely to prove adequate to the demand. Nothing of moment was done until the third week in April. By this time small lots began to move off by canal and pri- ces became a trifle easier. The war news of the Ist of May produced no small degree of excite- ment, and during two or three of the following weeks the market advanced some 20c for all descriptions. The heavy frost of the 5th of June also tended to render the market firm for several days, but by the 20th of the month prices had again fallen off to $1.12ja1,16 for Chicago spring $1,20a1,25 for Milwaukee club and $1,- 55a1,60 for red winter. About the only uotice- able feature in July was & scarcity of winter wheat and for this variety prices advanced about 5c, while other varieties remained comparatively steady. Nothing of special interest occurred during the month of August. Speculators, gen- erally, were out of the market in consequence of the highly favorable advices relative to the new crop, several samples of which were re- ceived about the middle of the month. It was in all respects superior to the old one, and owing to its abundance, prices fell off rapidly after the 1 st of September, and by the 26th of the month reached their lowest point. The demand du- ring the balance of the season, as before re -. marked, was very active, the amount changing hands aggregating from 300,000 to 500,000 bu. per week. Speculation at times ran high, as is usual at this season of the year when buyers are purchasing largely on milling as well as specu- Jative account. The following table exhibits
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