The anti-monopolist. [volume] (Saint Paul, Minn.) 1874-1878, 1875-03-25
COMMERCIAL MATTERS.
Our Milwaukee Correspondencc-Th
Wheat Market.

Wheat Market.
MILWAUKEE,, March 20, 1875.
A large volume Of speculative business
with sharp and extensive fluctuations
has characterized our wheat market during
the week. Orders to buy have been
mainly from s'shorts,'' and our 'Sbull
friends have been able to realize at hand
some profits. Considerable wheat has
also been bought on Chicago account,
partly for the bull clicquc and also for
parties who have faith that our market
will eventually be as high and higher
than Chicago.
The present state Of affairs goes to
prove that the orders are not from legltl-
mate sources, but simply 70 fill ''shorts. i
and for temporary expectations. Our
market is now nearly 2 cents below CAR
cago, and it is uncomfortable that legiti-
mate orders should not seek our market
| in preference to Chicago, when the intrin-
sic value of our wheat is well known to
be 2 to cts. above Chicago. This alb
| normal condition Of the two markets can
only find solution in the hypothesis that
the upward movement in the market is a
process to squeeze from the "bears' some
of their i'll gotten gains. and so far it has
been a success. Cold and stormy
weather has aided the bulls, and con-
tinuation might evolve from the present
premature bulge, permanent
and genuine advance. So far the
| A. hnc hnr
and there is ample time for seeding, but
to the winter wheat -growing-States it is
a matter of grave Importance, Direct in
formation from several points in Indiana,
Michigan and Ohio are so far encouraging,
but ten days more Of cold weather would
be disastrous. Recent snow blockades
have interrupted railroading, and our re-
ceipts have been extremely light. We
look for decided improvement for the
next ten days. Holders in the interior
have been free sellers Tor May delivery
and further advance Of two cents would
bring large orders to sell on the market
The outlook favors reaction from the
present premature upward movement be.
fore we can get genuine advance.
1t is too early 10 the season to sustain
the advantage SO far gained by the bulls
and with reasonably fair weather the
, ''oears'' as we'll IS holders will be fret
sellers. We must depend on Legitimate
. demand for permanent improvement. and
it is too early for that as yet, although
we have lost none Of our faith in its com
ing. We quote closing prices easy: No
hard 90 lie; No. /, 81 l-2c; No.
fresh 93c; S. 0. March 81 l-2c; S. O.
, April 90 lac; $. Q. May 81 l-2c.
i Coarse grains have ruled firm. and bar
ley in particular has commenced to SHOW
symptoms Of material advance Thu
month. 1T looks as though the 'shorts'
: would have to suffer before they can fl
} their sales for this month s delivery. Por
$ is ADVANCING and closed at about twent
dollars for mess.
The amount Of wheat in store is 9, lac 600 bu
Same day 1874, ..... .2,256, geo ;. !.
| = 1873, .I,UoU,UUV
I We present statement Of to-day's pr
ces at the different markets, together wit
other figures bearing on the value Of whe.
for shipment, as compared with precedin
: year:
!: 1876. 1877
No. wheat in Milwaukee, per 49, .,
o through treights TO New York, :.
e per bushel. ...... ~ ~
I NJ. wheat in,New York, per
hnshel.. ...... ...:,.... ~ o.
e Ppmium in gold, per bushel. lbk u
;. No wheat in LIVERPOOL per
100 It's. ...... ...... o % l1c
Le Ocean freights to Liverpool. 7kd lOh
o. SCHROEDER l. L1SDBIEH,
Commission Merchants.