The Manitowoc tribune. [volume] (Manitowoc, Wis.) 1866-1878, 1874-11-05
Total. .IO,9S2, COS 17,769,7I2

We invite the attention of those per-
sons who complain that this paper has
kept back the crop and spoiled the sea-
sons trade, to these figures. The crop
movement of the northwestern states for
1874 has been exactly 278,052 bushels
less than it was for 1872, which up to
that time was the largest movement ever
known. This statement will doubtless
cause surprise to many of our readers.
1t ought to serve to convince every reader
that the dullness of trade and the diff
Guilty Of collections experienced by mer-
chants this season is not III any way due
to the backwaEtlness Of farmers about
shipping wheat. Low as the prices
have been, they have supplied Milwau-
kee and Chicago elevators with as much
wheat as they ever shipped before up to
this date, excepting the memorable har-
vest of 1873.
Nobody has any business to compare
the wheat movement of the northwest
ern states for 1874 with that of 1873.
While the surplus for export Of the Unit
ed States this year is expected TO exceed
thai of last year 10y 10000, 600 bushels,
the surplus of the northwestern states
this year may be confidently expected to
fall below that of last year by at least
10000, 900 bushels. Last year, In round
numbers, Milwaukee received 80, 600, 900
bushels of wheat and Chicago 26, O00, 900
bushels, making a total of $4,000, 600
bushels. This year, according to our
estimates NIilwaukee's receipts will be
about 25,O0O,O00 and Chicago's about
23, 000, 900, making a total OF about 49,
600. .0G0 bushels. The movement from
farmers hands therefore up to this date,
in this section, has been about one
quarter (23 per cent? Of the probable
surplus, while last year In the same date
it was under one-third (303 per cent? OF
the surplus. Considering the great and
sudden decline in the price Of wheat,
| and the well-known purpose OF com
bination of short operators to keep the
price as low as they could, we think we
have shown that the farmers of the
northwest have done their duty by the
mercantile interests, in disposing of so
| large proportion of their crop.
| So far as the farmers interests are
| concerned-for which such friends of
Of the farmer as Messrs. William Young
& Co., are expressing such deep
solictude-we think that they may be
safely entrusted to the farmers them
selves. Thus far, at least, the wisdom
of their course has been vIndicated.
| They have held back the crop sufficient
" to block the bold games Of the com
bined short operators and to keep the
price above 50 cents, yet they have
quietly and prudently disposed of one
quarter of their crop, which Is unques-
tionably enough to pay their more pres
sing debts, and, it may be hoped, en-
ough to save the markets from forced
sales next spring.
| We submit to our mercantile friends.
as well as to our critics on the Milwaukee
Chamber of Commerce and IN the east
ern press, the question whether it is not
quite as well for all legitimate business
interests that northwestern farmers have
on the advice of the Milwaukee Journa
OF Commerce, sold one-quarter O.
their wheat crop at 80 to So cents in this
markets has if they had, on the recon
mendation of bearing operators, solo
two ffths or one-half Of the crop at 6;
to 20 cents in this market