Grant County herald. [volume] (Lancaster, Wis.) 1850-1968, 1869-04-20

The above would be about the val
ue of 60 lbs of wheat at present
prices. Farmers will see at once
that it will pay them to clean their
grain and also, the difference in
price we are going to make is not
moro than it ought to be, and is do
ing justice to the seller as well as
the buyer. Madison, Mendoza, MAJ
omanie, Black Earth, and other sta
tions on this railroad, have adopted
this plan OF grading wheat, with the
difference, however, that they are
making sc deduction per bushei for
every pound it weighs less than 60
Tbs, while we are making only Sc,
which we think sufficient difference
between Nos. l, 2, and 3 wheat, as
made in Chicago and Milwaukee"
Now, admitting all that your cor
respondent claimed as to the facts
upon which he based ill.natured con-
clusions, it will be seen, tuat the
transaction was in strict accordance
with the terms of the published
agreement. The transaction was up
on wheat which when weighed upon
the test scales 81 Tbs per bnshel. and
be was deducted "a cts per busheI
upon the price for which 1T was sold.
3x8-24. But, he assumes, that this
discount should have been made upon
the measured instead of the aceiqhed
bushel. Wheat buyers know moth
ing, or care nothing about measures,
except test-meGsures, to determine the
weight per bushel. All grain in
market is invariably bought and sold
by weight. Four grades OF wheat
fixed and established in all markets,
No. weighing from So to so TBS per
bushel, No 2 50 lbs, No. 3 So lbs, all
below rejected These are the grades
as now arranged, but they vary "a
good deal according to seasons 1t
will be seen then that this batch Of
wheat belonged to the r ject d grade
We are further informed, that The
average difference taking a term vi
years, between the market prices OF
the several grades of wheat is as
follows: On No. 2 a discount Of
about SC per bushel; No. 3 about I5c
per bushel, and on rejected at least
25cts per bushel from No. l grade
REJECTED grain may be almost worth>
less, and may be discounted so per
ct or more. AS no complaint was
made by your correspondent as to
the weight allowed, and as the trans
action was strictly in accordance with
the rnle, can see no foundation for
his clamor, but what may have crept
in by stupidity, or have been invent,
ed by malice. In his anxiety to
to build up great commercial me-
tropolis on an impossible Railroad at
the expense of Boscobel, he seems to
have drawn on his invention almost
to the verge of bankruptcy.
1t must strike any sensible person
that this new rule adopted by the
grain buyers, is the only just and
proper one. Heretofore all was mere
guess work. A price bid on the grain
taken by sample out of the bag, with
out the use of test scales, and of
course much uncertainty irregularity
and imposition followed. Now all is
exactness and fairness. A sample is
taken out, as delivered in the bin. test.
cd by the scales, and the grade is fix
ed to mathematical certainty. No
one may complain except those who
thrived under looser system.
Further, it is evident that there is
false impression afoat, as to the
profits of grain buying. / am satis-
fed, that though there has been
brief periods of profit to the buyers
in this place, the business, taking the
average of years, has not paid l per
ct on:the capital employed in it; and
| am not sure but it's losses EQUAL if
not exceed its gains. / am assured,
by the best authority, that the grain
business for Boscobel, since last Fall,
has actually been attended with
loss of at least S8000 Pork and Beef
have paid handsomely; but our pro.
duce business would be vexatious and
to those engaged in it
here, were they not otherwise en-
gagged in general merchandising
The profits on their store goods, sold
to the farmers on grain contracts,
tend to offsett the losses they exper
fence on the produce which they buy
of the farmers.
| am in no way interested in trade
here, and make this statement simply
as an act of justice to our business
men. Respectfully Yours,
Boscobe April le. 1859. C K DEAN