Cedar Falls gazette. [volume] (Cedar Falls, Iowa) 1860-1895, 1866-03-30
CEDAR FALLS As A WHEAT MARKET.
Our Mills Grinding 1900 Bushels Of Wheat
per day-Wheat Imported and Flour
Exported-The Manufacturers and
the Shippers Prices and Profits
The Key To Prnsneritu
The Key to Prosperity.

ZIG 0nippoIS TUGS anu lrOulS
The Key to Prosperity.
Cedar Falls justly enjoys the reputa-
ton of being the best wheat market in
the Upper Cedar Valley. No. / wheat
readily commands from ten to fifteen
cents per bushel more in this mark ct
than in any other in this section Of the
State, or that of any point north or west
of us. The full explanation of this is
found in the fact that the wheat is
bought here for manufacturing pur-
poses. Few of our readers, probably,
understand the extent of the operations
Of our Touring mills, and we think we
may subserve two or three desirable
purposes by furnishing some statistics
in regard to the business which we have
been enabled to collect.
Overmans' new mill, operated by
Messrs. Overman & VanSaun, is now
grinding about 500 bushels of wheat per
day, or, in other words, is manufacture
ing an average of 100 barrels of flour
every twenty-four hours. This mill,
one of the best and most complete in
the State, has a larger capacity than
this, but the figures we have given are
drawn from the present operations Of
the mill, and represent about an aver
age days work taking the year through.
Overmans' old mill, Messrs. Fox &
I Wright lessees, is now receiving inn
provements, which, when completed,
will give ii capacity of about 100 bar
rels per day on the average. Just now
it is not turning out more than IS per
day.
Browns mill, operated by its propri-
etor, Mr.. Edwin Brown, is to have new
wheels, the American Turbine, costing
about 100000 each, to be put in as soon
rs the stage of the water will permit.
1t is estimated that this mill also will
then be enabled to turn out 100 barrels
of flour per day. Just at this time it is
making about 375 per week, or some
thing more than GO per day.
The three mills, therefore, when the
repairs now being made are completed,
will manufacture about 300 barrels of
flour per day, which will consume, es-
timating bushels of wheat to barrel
of -four, 800 bushels of wheat per day,
or 1900 bushels of wheat per week.
Last Monday, for instance, this flour
was worth in Chicago 1856 per barrel,
and the daily product of the three mills,
at those figures, would therefore COM
mand 81, 265.OO in that market.
At this Indictment season of the year
it is impossible to secure the requisite
amount of milling wheat in our own
market; therefore our millers have buy
ers in towns north and west who secure
the grain and ship it by rail to the mills.
So completely do our millers monopo-
lie the market at some of the towns
that shippers declare their inability to
get any wheat except such as the mill
ers refuse.
Now, we may see why millcrs can
pay larger price for wheat than ship
pers by little simple comparison. In
Chicago, on the 18th instant, five bush
els of wheat, manufactured into -four,
were worth s7.55, or ST. per bushel.
On the same date five bushels of wheat
were worth $6.l7l, or Sl.23! per bushel;
making difference of S1.37l per five
bushels in favor of the manufactured
wheat, or q! cents per bushel. On 800
barrels, days work for our mills, this
difference amounts to the neat sum of
$4,000. The millcrs also save in trans
portation. Shippers will not buy Oh
less margin than IS cents per bushel for
freight and charges. For five bushels
this is $1.75. The transportation on a
barrel OF flour is about SLIP, leaving a
balance again in favor of the millers of
63 cents on every five bushels of wheat,
amounting to $4,000 per day on their
800 barrels of flour. In short, a miller's
bushel of wheat is worth in Chicago,
less freight, $l.29; and shippers BUSH
ell of wheat, less freight, sS4 cents-the
former being 403 cents more than the
latter. Out of this difference, of course,
must come the cost Of manufacturing
invested in the business, before we get
a sight at the miller's profits; but it is
sufficiently evident, we think, that ship
pers are not at all in the way when mill.
ers are after wheat.
BY these figures the people may UNI
derstand how greatly to their advantage
it is to have our products manufactured |
at home. 1t will be the same with wool .
when our wooden factory shall be put
in operation, and also with every 9TH
er department OF manufacturing indus
try that may be established in our midst.
Our very business life depends upon
the establishment of manufactures, and |
if Cedar Falls shall ever be a business
center, such as we hope she may be,
that happy period will be directly at
tributable to the almost unlimitable |,
water-power which the place affords,
and to the foresight and energy of our
early settlers in securing its proper i'm
provement. We are glad to know that
there is much Importance attached to
this matter by our capitalists and prop
erty holders, and if the right sort Of
spirit continues to prevail in their coun-
sells, we are safe in prognosticating
city of 10000 inhabitants here in few
years, with safe foundation laid for
future prosperity and growth. 1t is all
in getting start.
HJ Astounding News- Canada 7u-
ten-zne Fenians Triumphant, and rev.
olution everywhere! Even in Cedar
Falls there is a revolution in the Cloth
ing business, which must be good news
TO the people thereof. Goods down to
almost old-time prices at VIM. Ireland
y Co.'S Clothing Store, and all new
goods suitable for Spring and Summer
wear will be sold cheap for cash--prices
that Defy competition! Also splendid
tool S1f as,,,< 4 Ei.xI. Y