The anti-monopolist. [volume] (Saint Paul, Minn.) 1874-1878, 1875-05-06
The Wheat Market.
IILwAUKEE, Nav lst, 1875.

the completion of the seeding as the
wheat already scwn; this, together with
further decline in Liverpool, produced
weak feeling in our wheat market, but
later in the week the tenor of foreign ad-
vices changed, and an advance on Califor-
MIA wheat was established in Liverpool,
with holders less anxious to realize. Un-
der the present speculative tendency
this was sufficient to appreciate values in
our market, and We close about two cents
higher than week ago.
To-day we have an extensive snow
storm throughout the Northwest, similar
to the one twoVears age to-day, and as
farmers had already commenced to pray
for rain. this substitute will be exceeding
ly welcome and of incalcY9ble benefit. not
only to.swheat, but as destroyer of the
young grasshoppers, the appearance of
which has. excited considerable alarm.
Dispatches from Iowa and Minnesota re-
port farmers jubilant in consequence.
The receipts show gradual increase
and will continue to do SO; shipments are
next to nothing and the amount in store
is daily increasing, while the reverse
should be the case. We have few mill.
ing orders for No. l wheat, but aside frem
these there is absolutely nothing done in
the way Of legitimate movement of
wheat, and cash wheat is commencing to
press ON the market. The ''bulls" will
soon be compelled to move the grain in
order to relieve our market, should the
present inactivity prevail long. Reports
from the Straits indicate that steamers
could force their way through.
We know of no freight eI.
gagements Of consequence, vessel owner 5
asking cents for wheat to Buffalo, while
through rates to New York are Is cents
per bushel. But even at these low rates
there is . margin against shipments to
New York. We note, however, better
New York market, with some demand
for June delivery at about cash prices,
which is always considered a favorable
feature. There are no further reports Of
damage to winter wheat, and in this case
mo news is good news
The tobacco crop, which. was reported
totally destroyed, is now found to
be safe; and, as wheat is . great deal
harder plant than tobacco, We can have
no great fears regarding it. The weather
in this vicinity has been unfavorable
and severe As anywhere. but no unusual
damage has been sustained. As regards
the outlook for wheat, it is we'll to bear
in mind that the bulls have the prestige
Of success, and that although wheat is
too high for export. still it is not intrin
sically dear now; but when our receipts
reach lOO, 1000 to 9OO, 600 bushels per day,
it must be sold, ard it will be question
Of what the cash wheat will bring, and
not mere speculation. We quote No.
hard, 81 % l-2; No. l. Sl.O8 1-3; No. 2,
Sl.O4 az: No. 3, % 1-2c; s. O. June,
SLOT II; s. o. July, $l.0o.
The amount Of wheat in store III 81, 900 bus.
Same day, I674..-. 80. 1900. :. ,S3l, 600 bue.
Same day, 1919 Il ~, ,OOO bus.
We present statement Of to-day s
prices ct the different markets, together
With other figures bearing on the value of
wheat for shipment, = compared with
preceding year:
1875. 1874. ls73.
No. wheat in Nlwan-
kee. per 1n; N.4x sI-ssx q Tk
No. 1ktst IN n. T. "a q 10 Is
Premium On gold -. -l6x ID TX
SpEin9 wheak In Liver
pool. per 100 lbs. $3.50 1ls9- 1876 lls-la9
Ocean ffeixhts to LIVER
pool, peT leo In -. 6Ed Iixd sgd
SCHROEDER LINDBLON & co
TIM Washington Chro1iese says that
'.an order for An investigation Of Repub-
lican olRcial gives the Opposition COM
fort" And usually amounts to aid and
~~-Rr-< e -;~Ak have eaId