The Manitowoc pilot. [volume] (Manitowoc, Wis.) 1859-1932, 1867-10-11

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our merchants have purchased wheat fo,
shipment east instead of Milwaukee, prices
have ruled throughout nearly as high as at
Milwaukee but on no one day more than
three cents below. We have noted that on
the 5th No. l stood in Milwaukee at ST. SO,
here the same; on the 7th, 81 90 there,
| and cent less here; on the 9Th, 81. 81
there and the same here. eanie
The cost of shipments Of wheat over the
pier on steamboats, to Milwaukee was IA
cents per bushel, but since vessels have
been enabled to come inside of our harbor
and load at the river docks the cost has
fallen as low as cents per bushel, but at
no time during the present season has the
price been over 10 cents below the Milwau-
kee market. irs'
1t costs from to 4 cents more to shin
wheat from here to Buffalo than it does
from Milwaukee, as the present facilities
for loading and sending forward large car
goes are not as good here as at that port
The present harbor improvement has re-
duced the cost of shipments of wheat 6
cents per bushel, and as soon as completed
when the larger class of vessels can enter
our river and receive full cargoes for the
East, freights will be as low if not lower
from here than from Milwaukee or Chicago
to Buffalo, and we may reasonably expect
in the future that the prices of wheat
brought to this market, so long as it shall
maintain its present superior quality, will
rule higher than wheat brought to Mlwau-
kee
1t may strike many with surprise that
when the cost of purchase at and shipment
of wheat from here to Milwaukee was IL
cents per bushel, the price was only 10
cents below that market, and that now the
cost has been reduced to cents per bushcl,
the prices should rule as high here as at
Milwaukee. The explanation is this: -.
Our wheat, per bushel measure, averages
over 6l lbs, while So bs weight per BUSH
cl measure in Milwaukee passes for No. l,
and IS lbs. weight for No 3. '..E...
1u Milwaukee, on the 4th, No. wheat
was$I 90, and No. sl.Sl-a difference of
Is cents per bushel no ' 'a'A"f
The Milwaukee buyer in this market pays
for a bushel Of Manitowoc wheat weighing
81 los. at the Milwaukee market price of
sl.9G, and ships it to Milwaukee at the ad-
ditional cost of S cents, making the cost
there 81 OF; this bushel of wheat he mixes
with bushel of No 3, which costs him
81 81, and thus obtains two bushels of No.
2 wheat at cost Of So IS, or Sl92! per
bushel, making a clear gain on his bushel
of Manitowoc wheat over the Milwaukee
price of 81 cents, and after he has thus
mixed it and made his No. No. |, he can
ship it from that port to Buffalo at 3! cents
less freight than our merchants can ship
from here, and therefore cannot only afford
to pay as much for wheat here as at Mil
waukee, but 7 cents a bushel more than
our merchants can do for shipments direct
to Buffalo af 'faf-
If none of our merchants had made ar
rangements for the purchase and shipment
of wheat directly from this port East, and
thus forced those buying for the Milwaukee
market up to the present prices, the prices
would have ruled here through the present
season 10 cents below that market. IF our
merchants should make further arrange
ments for the purchase, in Buffalo, of No.
Milwaukee, and through this mixing
process y with wheat shipped from here,
bring it up to Milwaukee No. 1, they could
force the Milwaukee buyers to pay for our
wheat here 8 and cents above the Milwau.
kee markets, and still leave the Milwaukee
buyer the margin derived from thus sus
tanning the reputation of Milwaukee wheat
for superiority in the Eastern markets.
. 60