Morning herald. [volume] (New York [N.Y.]) 1837-1840, 1837-11-10

10000 barrels In the western states selling for 50
cents bushe and flour IS per And in The face OF
these Te afssd facts the price OF -four advancing in New
York. the stock is diminished, been sent to Eu
rope for Dread s4 Stare reader yet is the fact
the plain stubborn fact
Now for the explanation Of this anomaly this and be-
wieerins state OF things We will state proposition
proof Of the and Euclid data show The
ground which build assumption prove the truth Of
position by the analytic method The hoe -four trade of
the country the hands Of knot Of spectators capital
sts pAo ertend from Portland N Orleans and
from Neg York ST. Louis This proposition we adduce
prove the of the present high prices of nsur Now
| for il.
In year 1884 the beginning Of the speculative impulse
that hurried thousands their ruin capital prise and
hazard having worlds conquer their aen.
ton 10 bread stuff. From 1929 that period with ex-
cpons the produce of TIE farmer langushed his hands,
They who had contracted debts in the palmy days Of nd
lsa when lands sed for $780, $780, $3.50 zoe per
Well recolec the suffering they had endure for
tosave their property low the price of grain Thou
sands gave their all the creditor Maryland
Pennsylvania, and the Genesee country testify We know
what for suierrdn With the From
le,hargy of 4yesrs the flour trade awakened by
spirit OF speculation he spirit that animated the
DEALER that prompted TO ask for banking powers that
drove the advenurer into land speeuaon reused the quiet
Sour merchant and the dusty miller from their umber and
arrangements were made to monopoze the bread stus and
to realize iortuaes from this monopoly All that wanted
was union OF design not union sfactua interests 10 enable
the dealers in the consuming shipping ports to keep
the price, the mers and buyers sent forward
with great caution aud sold third persons
! a great advance. Let US illustrate.
In February 1897 large and heavy miller Of Louisville
Kentucky had on hand 6 900 barrels of superne -four The
river was IN fine boating order. Adyces from Orleans
forbid him from sending down great supply The price
New Orleans was 81 barrel The government u
States wanted 5000 barrels The correspondent The Louis
vile miller applied and got the This took the
main part OF his stock hand Fleur $l2 conse
quence In two weeks, acargo down from Louisville
ana flour receded toll old price. These operations getting
out foolish fellow entered the Louisville market aud
bought the miers stock s2 cash. to Orleans
The miers correspondent knocked down the price and
bought up the whole cargo $3.50 Forthwith mp went the
price In this way thetown dealer and the miller up
country merchant continued operations The whole in
teres was eagued together and this isolated instance
pcu eof the monopoly that 1894 sl exists The
baker joined in the traffic been known in The
western and southern cities where flour by
The bakers at p per cent less an the market price The
size ofbread, where 1t existed by scale of
public
Agatha heavy dealer ia New Orleans shipped
flour to this port durr the past spring When asked he
die not fear loss The Revision going
People must have BREAD and know regulate the
supply" And he Sl per bril- for that which Ss2
During the whole Of the troubles he continued ship
Northern ports, and inv araby realized handsome profit
What strange, the dealers in flour and whea,
p'ainedf arrangement in Exchanges Why ship load
offour would setil- all differences!
Even in the town OF Tallahassee where flour got be
low sis las, spring SUMNER the same system
carried planter who had been from pitching
his crop in the Suuanee country by Indian War
laid in flour at New Orleans $4,000, regularly
supplied thereafter with quantity wanted Whenever
the high price induced adventurer carry cargo TO ST.
Marks, Instance done this bought him
out al low price, and threw again its old
The late revusion did dealer TO the ex-
did other interests Hence tho ability of this monopoly
Throughout the country 10 keep up prices in the face of full
crop We have watched very carefully the progress Of The
flour trade for and particularly since 1874 As we
said above there need be of immediate interests N
Keep this monopoly union of design sufficient
Co operation and collision between the mle The fsur
merchants benefit these The farmer is al
the mercy Of them.
Here another instance Of the complete understanding sub
sistng between these interests Two thirds Of all the
raised Frederick county, Mary land ground al Eli
COTS mills Baltimore The proprietors of this es,ab.
shmen heavy -four Dealers and afford {. give more
per bush for wheat than the mrs interior The LAT
always regulate their prices by prevailing At E
COTS mills Any attempt flooding market with -four il
rist by stopping their Hs add the miller re
buked by temporary fall in prices every case is the
prceof the farmers wheat by the price Ecot.
mills.
The thing exist interior Of this State ia
greater less degree Not being acquainted with lis oca;,
be positive From the prices nanta ned here we
hesitate in declaring the causes produce
n exist in other sections Of the county,
plain then that knot Of SPECTATORS and
contrised and still con,rive keep price Of cad suas
Their journals have been cryrg short - all the
and orders they have gone forward for ferepr
wheat Whether such orders gone not, il no matter
u the farmers and independent mlc will only unite they car
afford to sell our from to dollars But we mus, moi ex
pect the armert to sacrifice high prices benefit The
The remedy is In the hands latter Put an embaroo
wheat -four and continue ill the dealers allow free trade II
this article Otherwise they will they break OF Them
selves, as the banks did
Let Us compare the price of wheat in different countries
stated periods and we shall have conclusive proof
ever OF the exsteaee sf monopoly in flour grain in In,
United States These estimates from latest ds,es
Wheat. Flour.
/, Hamburger, Oct4 90 SEQ
| Amsterdam, Oct. 5, liz 500
Berlin, Oct. 81 A5O
Antwerp, Oct 5, lis SIS