, 1873-02-07

ing tie OF about four times greater II is true tha
your receipts are likewise greater than year ago ye
and to look at last ycar Ia poor comparison, tht
Great Fire destroyed many Of your elevators thu.
we're lsrger eren then than now; and, With stronger
desire TO more IT, yong Shipments as We have seem are
mqsh a j., snasr These laree shipments out p Ea
strong evidence Of position that spring wheat
u e7en nov wanted for domestic uses in oIr own wn
shipments to be, yet tie demand upon us, owing to
cireumscrbed transportation facilities arc not nearly
cause u The relatively low Chicago market.
Dns .s lay .s1ds WI %
a,ss yen recegaias as'
Liverpool and higher Now York than foE the eorres-
po1ding time in three ss:!s yst no higher Chicago.
Jaa: %: 1zeas; is5a ESes@ is:3: -. 1871;
Liverpool. 25s@?!s lls@l1s6 Cd los ed@11s Sd ID
e,,s.ao Nsw York -*o4o@c.cs sl.s1911sH. *1:ss *ss
With he Visible supply in the United States in 1911
10 4o3 hushels and last year. Now look
| at this year:
Jan. 80. Flour. Wheat.
Liverpool. -...... .2os sdssos Liz sd@12. q q
snd tSis xita Visible supply Of oaly eash,
shortage Of 900 barrels Of flour, or 600 bush
stost fcr yes5s: From Il: sbovs = wll . ssen
and 50 cents per bushel in 1872 when our was *12s
Per barrel lower We cannot zee why tie difference
EuOu4O uOW 70 ID CE1i8 per Du8He tTGlEn[6 cannot
be answar for ct this SEASON. they always based
upon open navigation in tho spring. We must look
etil farther for an answer. Why such relatively low
Nor can it be catmed that this bad showing against
the Chicago market on account Of the unfarorabe
outlook for sustaining prices abroad when this etapa
begins to move in the spring. witness the following
i've copy from same authority quoted above under date
Of Jsn ~ giving Ing The comparative
held At the principal points Of accumulation the
3st Of December for the last four in the United
sian ports, md in t1slsit Tor the United Kingdom
Blssi,. asss aas1ez,. 'sse siszi iEi slsSei.. ass
o1snads; t1en 1a,s7aess 1soss,ea n.4as oss
above HotiesS.aa 1873 ss.oss.7ao n.e4+as essn,s'a
rota,..... o5s 5o,67.dl9 a. ~, 3o8 A. ss574o
Now, since that at the beginning Of this year
We were short in supplies In the United States and the
than bushes and short IN tho world At points
tributary TO the United Kingdom Of Great Btan about
0oo 900 BUSHELS with but 379 bushels this year,
to bushels last year, and bushels two
years ago IN your grana1tes thus showing smaller
stocks. and ~ have before seen larger demand
abroad indicated by the higher prices still At
ke Where then will find the cause Is it the
greates portion ef the surplus whe:. Of The Northwest
confess that this IL the only see and be
it said to the shame Of the Chicago trade is The only
Northern Iowa and Minnesota, 1000 bushels yet
to come forward before smother harvest, or
lsss than bali The 1onnt aa to supply
On this these farmers should have Csc per bushel
more as we think VIC bare c1early shown to which add
reduction OF excessive freight charges Of about Sc
per bnxhel, and have i grand total Of at leaat
On wheat alone that Northern lows and Min
til to hs cso
with about 3 shilling higher Liverpool; about l5c |
higher New York; about o5c higher winter wheat;
about per cen. higher gold, and on; per cent Of
the stocks in sight with one yearago, We cannot
how this commodity DO held down much longar, !
it's, navigation opens hiSa Is 1t so.d
year speculation. THIS does not say however,
nj Rs11a M h12s vs
only to enrich the grester tho specuao At tho expense
of, The genera! trade and general good Of our own
AS to corn, Central Iowa is debasing its uses-t be-
ing thar chea pest fuetas leaving from necessity
As fcr oas. this same iona farmer. should be- count
upon his handling your Chicago teanster does, he
would have % send money along rith his shipment to
believe We bring nothing to but reasosb!e facts
wants, allowing fer average yield tte eon.r
with our chief con-umer-tne United hingdom-2nd
many had reports Of had weather, Or extraordinary de-
mands in consequence OF the heavy clouds over
hanging England and Russia.
Now, yon Of the mercantile trade and trade in gen
esa well as the owner Of your Chicago etoze onses
and palaces see tha. your influence is given to your
banker IN such way as to have tie products Of tho
aud not the locst possible prices, and thera
will be need Of your finding fault with trade anil
collections, Of empty store-rconcs, OF distressed
homes Pay the farmer we and money will be plenty
everywhere; and especially when this be done with
Euch reasonable safety In the commodity we have
Laken for example. J.z. W..
Ackley correspondent.
LATEST.
In the afternoon wheat vas fairly active and
&c ]o'rer. No 2 spring sold At s1.22H@1. .22H I
seller the month, and @1.245k k@1.2411 seller
March. the latter closing a. the inside. Corn
WIS quiet and steady i. so5s@3o54c seller the
month, and 311S@3lIc seller March, closing at
he inside. Other grain and provisions we're in
.ctiTe