The anti-monopolist. [volume] (Saint Paul, Minn.) 1874-1878, 1874-12-17
Correspondence.
our NIL WAugEE CORRESPONDENCE.
Wheat, Corn, Oats, Barley and Hogs

Wheat, Corn, Oats. bariey anu HOSs.
MILWAUKEE, Dec 10, 1874.
Mr.. EDITOR Below we give COM
parative table of grain in store IN New
York and Brooklyn warehouses for
three years:
Bush. Dec 9th Nov. IS Dec. 9th Dec.7th.
1874. 1874 1878. 1872.
Wheat 4,5la, 1896 ALSO, 7s7 1,555 3la 1908, $50
Corn ,220,s7S ,274 1852 2,O93. 544 1915, 1870
Cats esO,s39 'sle,e60 57e,742 eos, 8o5
Rye 1886 1926 -. 5i,eoo
harley 16s,39l 127, 1892 PASS ol4,5o4
There is side from this about ,3O0.-
O00 bushels of wheat ahoat in canal
boats on the river.
The amount of wheat is largely in
excess Of previous years. but the total
amount Of grain but slightly exceeds
last wear while it is considerable short
of 1872. and that is the real issue now,
when corn is l lac per pound; oats l
5-Sc per pound, and wheat not quiet at
1 i-2c per pound, in our market, and
still cheaper in Eastern markets in pro-
portion. The amount of wheat in sight
is enormous but by the side Of the facts
Of a deficiency in coarse grains and the
comparative cheapness of wheat. the
accumulations Of wheat has no terror
to holders. New York operators re-
feet that wheat to-day is lower in New
York than it has been for IL years,
with one exception, in 1870, when the
quality was poor, and although they
can see no near relief at hand they are
determined to hang with bull dog
-tenacity, confident that it is only
matter Of time. In our market there is
some display of the same feeling, but
as our market is comparatively high,
capital does not come here for invest
lnent, but naturally seeks New York,
and this demand, that has been sup
piled here in former years, is now the
cause Of the firm tone to Eastern mar
kets. We have good many bulls"
here, Of course, but they are mostly
interior dealers who have not
the capital and strength to carry
an investment to success and
this we must have under the burden of
a winters accumulation. We say
again that our market ought to decline
to such point, if only long enough to
attract the attention of capital. Once
here and invested western bulls could
easily take care of the market, and
would have the cooperation Of the
East. A decline now would be a bes-
sing in disguise to the producer. Should
our market continue higher than New
York, we would have to fight the
battle of last summer again, with
greater odds against US. Policy bids
us seek TO get the East interested with
rs.
Foreign markets arc nominally un-
changed. London is steady while Liv-
erpool closed weaker and, as usual, we
may look for dull markets until after
the holidays at least. The weather,
which was unfavorable FER growing
crops early this month, is again better
and prospects have improved.
There is hardly anything done in
spec ulation, as operators have no dis
position to increase their contracts.
In coarse grains there has been no
material change. Oats and corn are
easier under more liberal supply,
while barley is firm and taken more
freely for legitimate purposes. The
pork market has been lower, and the
feelings of packers are apily painted in
the following practical burst" that
appeared in the WISCONSIN :"
Why do l worry and fret
Why do scowl and frown2
1t because the price Of the hogs
tcent up and the price of the pork goes
down, etc, etc.
Poor fellows they should have our
sympathies, for they have really paid
up well for the hogs. During the last
two days they have felt better, as the
provisions have again taken = rally and
the decline is nearly recovered. Dressed
hogs are selling at s IA cents. subject
TO the usual deductions of the packers,
which together with the shr nkage sus-
tanned by country buyers averages
fully 6 pounds per hos.
Respectfully, yours,