Holmes County Republican. [volume] (Millersburg, Holmes Co., O. [Ohio]) 1870-1895, 1871-02-16
M1LLERsBURe o. THURSDAY, FEBRUARY 49, 1871
Wheat in Chicago and Liver
VAN. 20 El-E pool. = -t-. i'EF

Wheat in Chicago and Liver
al 20 ala pool. .tI 1888
r..f sjaTis.H5 ---.tSs .p..T ..lyifs
We find the following in the Chi
cago Tribune of February Cd, which
will be read with interest by all en-
gagged in the grain trade, as well a
others: ss, -a...-lfsA- lhrst o. 't
Nine-tenths of those who specu
late in grain have but very indef
mite idea whether prices are abov,
or below the markets of the grea
consumer, England. Without ref
erence to whether this market car
control Liverpool to any extenr
or not, we give below the relativ,
position of the two markets. show
ing that there must be a great
change, in one or both, before bread
stuffs can move forward in alegiti
mate manner. Beginning with the
price of No. 2 spring wheat in the
market to-day, let us calculate the
cost of holding until spring, and
shipping to either New York OF
Liverpool: 'er.- e. -r7i..fl7 fiifH'
Wheat in store, per bushel 81 q
Insurance IL
Storage
Commissions, inspection, and exchange
Insurance in Buffalo IL
Freight to Buffalo II
eanaff eeanaffs fseishs IL buffalo T.. Il X
New York charges -. .s..E . 3K
Cost on board ship in n. Y. May %, sI.ssk
At 16S lac currency per bushel
on board ship, in New York, May
30, it would be equal to, say, ST, so
in gold, or say, so shillings per
quarter. Freight to Liverpool is,
at present, so per quarter of 4S0
pounds. In the spring it is likely
to be much higher, as ocean freights
fluctuate over wide range.) The
entire additional charges for insur-
ance, dockage, commission, weigh
ing, etc., ETC., until sold in Liver
pool, will be nearly sd per quarter,
bringing the total cost, when sold
in Liverpool, up to Cos per quarter
of 4S0 lbs, or 12s cd per GENITAL of
100 pounds. This is the price
which No. 2 spring wheat would
have to bring, in Liverpool next
spring, to bring the shipper out
without loss. The present quota
tion, in Liverpool, is lis 4d per CEN
tai for No. l spring, and los Sd for
No. 2 spring. Our No. 2 wheat is.
nearly, though not quite, as good as
the No. l quoted there at lis 4d,
and would probably sell at present.
for lis per Genital. 1t will therefore
be seen that the Liverpool market
would have to advance 1Sd per cent
al to bring the shipper out even.
Or, if we take the present Liver
pool quotation, and figure back this
way, we have the following list of
charges to be deducted. The price
in Liverpool at, say, lis per GENITAL,
is equal to 52s 10d per quarter. In
that market all sales are made at
three months time, with deduc-
ton of 5 per cent, per annum for
cash, which would leave the net
quotation sis I'd per quarter. From
this net quotation is to be deducted
as follows: ..--.- -...,..... ...f. ..
{ sDI
Freight at I'd per bush, with per cent
prlmage, making the amonnt per
Ips%aasse aa9asss at, say x of per cent S55ss|
Dqckage, porterage, and weighing in
Loss in weight, 7-sper cent OOSI
Commissions in Liverpool, per cent OIL
Total, ''' fO9s 81
This leaves a net cost in New
York of Ais lid per quarter, or
equal to 81 ,26 in gold per bushel.
Adding the gold premium at, say
Ill 1-2, it would make the currency
value of a bushel of wheat. in New
York 81, 40 1-2. This is the price at
which it would have to be bought in
New York at the present time, for
the shipper to sell in Liverpool at
lis per GENITAL, and come out with
out loss. The amount of specula-
tive imitation of prices in New York
may be seen by the fact that the
present quotation for wheat afloat
is 81, Sc to 81, ,58. If now from the
legitimate price Of 81, 40 IL cur
rency in New York, the cost of ship
ping it from here to there and pla-.
cling it on board vessel is deducted
it would reduce the legitimate price
here to 81 90 per bushel. 1t will be |
seen from these figures, that at the
present quotations New York is
about II OR Is Currency per bush. |
higher than Liverpool, and that this |
market is about 27 cents per bushel
higher. Or, if anybody prefers to
state it the other way, Liverpool is
27 cents per bushel (currency) low
er than Chicago. There are Of course
some shippers who, being connected
with New York OF Liverpool houses,
can overcome considerable part of
this difference by saving commits
sions in New York and Liverpool, |
but, if all the legitimate charges be
counted, the Liverpool market would
have to advance 1Sd per, GENITAL, or
the Chicago market decline 27 |
cents per bushel before a shipper
could buy here and come out with
out loss. The probability Is that |
the equation of prices will be made |
by a corresponding movement in |
both markets, viz: an advance, say,
of Cd per GENITAL IN Liverpool, and a |
decline of say, 13c or 14c per bush.
in this market. But if, in the mean
time, gold should advance to, say.
126, the decline of Is or IA cents
would be unnecessary, as the depre-
citation of the currency would make
the difference. But, if the Liver
pool price of wheat should not ad-
vance, gold would have to advance |
to, say, 1877 before wheat could be
shipped. As this is not probable,
it leaves the only alternatives of a
large decline here, or q large ad |
vance there. TN uGIU4n|II
The Kind of Women for
Wives.
Let the true nature and object of
marriaoe he better understood in |