The anti-monopolist. [volume] (Saint Paul, Minn.) 1874-1878, 1875-09-06
The Anti-AGonopo1ist.
TEE PRICE OF WHEAT.


TEE PRICE OF WHEAT.
As we foresaw the deluging rains
which so flooded Ohio, Indiana, Illinois
and Iowa left the atmosphere of all that
region of country surcharged with mois-
ture, and southerly winds have blown it
up over Minnesota, where meeting our
cooler atmosphere, it has decended in
torrents of rain. Great damage must
result to cur wheat. It will degrade
large proportion Of it from No. l. to No.
2. and 3. The rain has been accompan-
led by fierce winds which must have
carried it into many Of the stacks.
In the meantime the price of wheat
IS receeding, The spectators are wait
ing for the fools to sell; and they are
holding down the price. The money
article of The Inter- Ocean of Aug. 28th,
says:
The grain markets continue to rule weak.
although the amount Of business transacted
was large, spectators taking hold tcith consi-
derable freedom The main cause Of the pre-
vailing weakness is the general pressure on the
part Of spectators to discount Che markets for
future delivery, basing their movements on
the fine favorable weather for the growing
crops and for completing the harvesting Of
wheat and oats and anticipated increased re-
ceipts. The advices from Liverpool and New
York were without particular change, but the
markets 1rere generally quite Independent Of
the Eastern markets, the movement bling
naoinIy on local speculutiue account, and the
governing influences ,cere mainly local in their
tenor.
Mark this! While the prices are GO
ing down spectators take hold free
IT," They are "discounting the mar
kets for future delivery" New York
and Liverpool do not 60 down, but the
s'infuences" that send down the price in
Chicago are ''mainly local" and on
speculative account"
In other words they are breaking
down the market there until their agents
buy up the wheat, then they will send it
kiting.
4 We have received the following let
ter:
LAKE SUPERIOR AND MISSISSIPPI R. R. Co. }
GENERAL FREIGHT OFFICE.
ST. PAUL, MINI Aug. 25th 1875.
Editor Anti-Nonopolist
DEAR Sir: Referring to your inquiries O.
23d,. inst Present rate on what st. Paul Il
New York Is cents per bushel, owing to com
petition on Lakes has been taken as low as y
cents
Flour has been taken by some of the LAX
lines at Is cents per barrel to New York, pres
ent rate 60 cents per barrel, st. Paul to New
, York.
W. S. ALEXANDER
Now let us look at this. We clip from
the St. Paul Pioneer-Press of August 28u
! following. sr}
> Wheat closing price--New York--No. /
. q LAT; to LAG; No. 2. sl.38. Chicago--No
nominal; at 81 % to "a; No. 2. sl.l54. Mil
n Paul--No. l. $l.10.
! Wheat in New York. s1.4
0 Freight ST. Paul to N. Y. vial sam. 2
I IL
. Price in ST. Paul IL
0 Steal i
= Suppose our total to be $4,000, 0O
O bushels, and steal of IA cents on eacl
IS bushel, that would equal S4,2OO,O zoo
e made off the wheat by men who neve
II sowed or harvested bushel of it, bu
u who simply stand between the produce
IS and consumer and take that out of tn
d bags as it passes along. Is this right?
n Why do not the farmers club togethe
IS and negotiate with the L. S. e. NJ. R. r
and get "bottom rates. probably 90 ct:
% per bushel; and send the wheat, wherev
y er practicable. to St. Paul or Stlllwate
u by the barge load. A Grange that rep
resents 100000, bushels for sale coulC
y do this Even the railroads might b
- induced to give cheap rates to st. Paul
+ or it may be the L. S. & NJ r. r. hs
IL the right to send its cars along the othe
&c lines to receive shipments.
L. Next winter we hope to see som
measures initiated to secure a canal ,
:. Lake Superior. So look to it that yo
$ send your best men to the Legislature
he and if any man is believed 10 be subje
in to railroad influences let him stay
O. home. If a canal is not practicable WI
rs may not the State buy the Lake Supe
a Tor r. Z. condemning it for public US
ur as the railroad condemn the lands of pl
10 waite ciiizens] and paying what commi
Ter sioners say it is worth? We cannot a
~ ~ ford to lose $4,000 per year: an
ke that does notrepresent our total loss f
ng at interior points, nearer to Milwauk,
al the price is even less than 81 10 p
-. bushel.
r. Now a word to merchants and trade
int men. You are taught to believe that Il
ng interest of the farmer is not your int
est and that men who preach the do
- trines we do are your enemies. VIII,
nc is better for you; to have a dozen me
some of them non-residents of the Stat
absorb four or FIVE millions dollars a
j., nually of the farmers earnings; or
he have that amount annually added to t
pv wealth of the farmers themselves Co
Oh centrated in the hands of a few il max
alr them nabobs. and they are as apt as n
to 60 to Europe or elsewhere Scatter
lat among half-a-millicn people ii creates