The weekly north Iowa times. [volume] (McGregor, Iowa) 1857-1867, 1860-09-05
Commercial

Commercial
The general impression seems to be that
grain for the ensuing year must rule high
The very great yield throughout the north
west, and the Indebtedness of the people
from series Of short crops, is stimulating
active sales at our Lake ports, but the
drouth throughout the south half of the
middle-western States and the entire South
the unfavorable weather for European grain
fields, indicate short supply in most places
in commercial connection with us. The
receipts at Milwaukee and Chicago are un-
precedently heavy, reaching, at the latte,
point on Saturday last, 5,5Os bushels OF
wheat alone. Flour on Saturday at Chica-
go was wortht 81 to S. for superior to
choice, wheat SO to 90, the market closing
at the inside figures. At Milwaukee on
Saturday wheat sold as high as 81 90, but
private advices from New York sent it down
to 80 cents on Monday.
At McGregor for the week past much
activity has marked the trade. Our streets
are as lively with teams as we anticipated
at this early stage of the season though a
few weeks hence will exhibit show here
in the grain delivery that will astonish such
small dealers as Dubuque and other car
ping rivals of McGrcgor. The receipts at
this point for the last ten days have been
about three thousand bushels per day-they
will increase in geometrical ratio with each
week till the LIST Of November, unless ma
tcrial decline takes place, which is not now
probable. Some journals are advising their
readers to hold their grain till spring. We
have no such advice to give. The crop
here is 25 to 40 bushels to the acre, the
country is in debt and the price is good
No man should refuse to sell when others
hold his notes; and it is not certain, after
all, that ''prices are to rule higher than they
have for the last twenty years" as some of
our sanguine city dailies predict. Sell
share of your great yield, pay your debts,
build barns and comfortable houses, buy
your wives a new dress or two and make
those around you happy; this is our advice.
Prices here during the last week ruled at
80 cents, and on Saturday the market went
up to 81 and SO, and then suddenly went
down to 50. On Monday morning 81 to 80
were the figures the afternoon business
was done under the influence of decline
East, and " cents only were paid. On
yesterday Tuesday, rs to n were the
morning prices--a Geographic dispatch from
Milwaukee Tuesday nine o'clock quotes
wheat ct 80 cents.
Freights to Buffalo Is cents and firm
with ordinary early Fall freights wheat
would be worth ten to twelve cents more
here, but as the farmers do not own the
vessels they must stand these rates without
complaint.
At Prairie du Chen Depot there will soon
be established an Inspection Agency from
the Milwaukee Chamber of Commerce.
The Agent or Inspector will receive the
wheat, grade it, and weigh it, and the Road
will be responsible to the shipper for the
number of pounds received. GEO. RISING
Of the late firm of RISING & AvERILL,
Prairie du Chen, is employed by the r. r.
Co., to superintend the transfer of all wheat
across the river. In other words he is the
Commodore Of the Barges, and he will do
his duty like man.
For prices of Groceries, Drugs and Pro-
duce generally at McGregor, see the care
fully corrected report Of Hoffman, Benton
& Co.
The weather continues to be very drouthy
ON Monday shower fell, but the parched
earth got scarcely taste of moisture, and
the Mississippi is shrinking to so low an
ebb that strangers are losing all respect for
its boosted paternity of all the waters.-
Steamers occasionally crawl up its channel,
but they no longer take the confident swell
that marks high water trip. Capt. SnER-
WIN is getting alarmed for his FERRY route,
and says fall Of six inches more will stop
barge navigation" to the depot. The Fall
rains may soon be expected and then all
will move forward