, 1870-10-11

tsf-*tas t1E4t MI aa'e1% 'n13 ~ aaaoaaGea W
.rn:a: j. \. HATES, STATE Treasurer, will
EIs.k aS '.}cF-:
ttAEl.Ir in,s4s1y, 0c:nher H.
lsrl!s Vile. Nss1nr r<hsy. t'.tntfE T.
ls..i.. WM. T. PIERCE, Republican candidate
tr safe senssnr, Eshtct nth district, viii SPEAK
":
E:wrt-l. tattbrr II.
JAHaIx.-rl. shf i..:1a
t'onxrr>> y IN Trnsa Congressional D4saict, viii
tlc4A a> iu!loxt:
I:urk.r II:i: Tu.>t,ay, uc,os,er IL.
ts.tshtur, W. dnFsdtax 0ctDncs 1e.
TIE FUTURE OF THE GRAIN TRADE.
What shall I've the future direction aud
conditions OF the grain trade, is the most
iuI'oHan, question that can engage Tho
thoughts Of the business men Of Chicago,
nr. f"r that uuttsr, the capitalists Of the
United States One-hAlf Of the people Of
this country are engaged in agricultural
Pursuits md al no tiuc in our history was
tLt: occupation Of filling the soil gaining
more rapidly. New territories, heretofore
supposed 10 lie As worthless as the Desert
of Sahara. ars cu.uing under cultivation,
ard n.e fund moi ohly to be rich in agri-
cultural rclonrres, Int, in many cases,
1l.'re fertile than aay l1uds hitherto broken
Tie value aE nur ceEesl crops (.Sheat, corn,
oats, rye, and har!ey), at Tie present time,
i estimated hy Commissioner Wells at
lnore than Que Thousand million dollars per
ailuun,. wlite their future value, it may he
safely said. is limited ouly by The cost of
transporting tAetu 10 market.
Cln::st' is ttsr uathrui distributing point
"f TIKI lpretE sAar~ If these surplus ctops
WLile Milwaukee. las occasionally shown a
larger handling Of wheat than Chicago,
tAe hitter ha< >;o fAs exceeded all other de-
l'cts and entrrI'o,s in receipts and ship
n1euts Of Nfcr cereals that there is uu
cosMIaris.,u to t'e instituted between this
city ard any uthcr rs GRIM market. In
deed. a very 1aEge asnoant Of the wheat 1e-
ceivcl and stored at Milwaukee is sold on
tar is'azsl Of Trade, and tho profits, if any,
uIrJn the trans act1~ns, accrue t. Chicago
nl~sas"ss- The movement iuausurated at
81. LnEi@ year or Two since, to t1rn tho
surplus grain of tbs West down the Afissis-
hlppi River tu New Orleans failed, for the
sta>on which We pointed out at the
lcsiuLinG- VIZ, that when the grain
A.'Ae4S' ->e" ~A*oteoS ~ !" Stas@ lib A&as Ako@A
fhe points where 1t IS wanted as it WIS
Ut the place of growth. And eren now
w nh0 Ane 1easH"'s Ok s'' LOUIS eonefat-
h1a1'ob tne1nseFes On Inc faet taat #aJs
nna means have been devised tor trans
porting loaded grain cars acT"ss the Shssis-
hirri River for shipment eastward by mil
While the supremacy Of Chicago as a
primary depot has not been disturbed by
the rirH'ry Of any other point, new ele~
's'ent IS ee'1.ing iuso the problem and de-
Maul'ng solutiolL Tie multiplication and
co1npetition Of raluays have reached such
Il stnge, that any kiud Of grain. or g1ain
Product ean be trannportel by rail from
the interior depots Of the West to the in-
terror matkets of tue East, avoiding both
Chicago and New yutk in their transit
Wheat hos even been transported IN con-
siderable quantities from Sacramento to
the Atlantic seaEoaEc, ly rail this season.
probably at a loss to the railway companies,
hut nevertheless furnishing clue to the
thtufe movement of cereals AZ present
the rolling s'ock OF the railway companies
is nat sufficient 10 move mora titan d frac-
t'"A u the surplus crops within tho time
when They n1ust 10 1nosed. Ihe great
s'ull uIst still GO W the lakea. Hut the
t!use is not fat distant when increased roll.
Ing stock, steel rails, double-track zoadH,
aud freight trains moving at low rates oi
sinet, will reduce the cost Of transporta-
ton to minimum, and either take the
grain trafic on the lakes. as they long