, 1875-01-01

Depressed than tho moro statittica or receipts
and shipments indicate. III tho first half OF the
ychr thorn wns a good demand, for tho East ami
for Europe. to supply tho deficiencies Of the
crop of 1871 ncrons tho occan, and prices wcEo
fair an compared with wheat. Tho dap,aud
slsckened towards midsummer. as It becama
Apparont Tint tho wheat crop Of Tho wotld would
bo q bountiful one, and since thon has rnod
tame. I.eas has boon wanted for Europe Than
usuAl, and tho larger yicla in the wintor-wlicat-
growing scctiona neater 10 the Reaboaru las cut
of good portion Of our trade. During tho
Autumn and winter tie -four from that wheat WAS
pfcrod at tho East nt tho naruc. or even loas.
rrices than our spring-whnat honrB could b Of
Tered at, and the East aud Enropo took that in
preference to this. 6eoug poor market 10
Chicago, many Western rillcrs sent their Hour
directly Eaat. and then, having parti.lly choked
III our demand. thoy sout the balauco hero.
Hence, during tLe laBt four mouths Of tho year,
pur -FOUR market haa presontod the double
tnomaly Of nrices too low to permit Of grinding
Ut profit and Too high to permit far an7ount
Of buying for export. This remark apFlios
chiefly to lilo ordinary run Of fonr, which W.
mny call uhpsefolred brands. There !,as boen
good demand tl1 oHEhout for cao1ca Hours, both
4or local rGe and fur shipment.
TIT. LOW TNicEA RAT RULED
have enabled grcnt MANY thoasalitfs OF families
ko indulge IN roalIy chocs ftouls, who s,asa not
usually consumed anything better than u good.
while those in tho colntry hava hoeu depressed.
Our facilities for mnnufEctrra bare not been
materially Increased. There arc onty twn largo
mills hero still, as tho dhF af:cr tho great tlro
In 1871. 4 few email cssabHhtnents are In up.
sraton hut do not uit1cl swell the totals OF pro-
duc.io1.. Arrangements vern made o.riy III she
scat TO manufactnrs tino f1ours hero un T. large
scalo in Il new establishment but II waR soon
frund that the machinery coult no. Go dePcnl-
ell on to do gnod uork, ard 20 the wiiols affair
WIS thoroughly remndele1, at great expendl-
turo Of time nud money. 1t MIA not TIL very
near the cioto uf the ypar TINT il WIS in running
order. It promises to materially increase tho
production at Hour IN Chicago IL, 1875.
THE F1Oun a.IhLEna uF THIS tIrY
labored under great disadvantages during many
yeayH, OWING to tho ln'an,tous eyAteln st gain
W7roaonkinE that ohtaluMl hero for 30 long.
Tllanks to tho sterling Eeforma instituted three
or four ycars Ego, they hro no" abio to compete
successfully with country niilers In regard to
tno cost Of ofhanding tho graiu, Wills they bare 4
groat advantage IN tho selection Of wheat. They
ca., now OBTAIN wheat BY sample from any de-
sired section. and, having the wliolo Northwest
to draw md select from, the7 cau tccure uni
dormity OF quality that ia difficult to obtain far
thor woet. Hence their productions are IN ln-
creAsnG da1naild. and there has bean scarcely q
moNout OF Iutlnesa With them during the past
year. We note that tho demand is is chieay for
1lours exported to Canada aud Europe arc chief
II moaiutn gsades Known as
''SIIIPpIa1 spRIsH EXTRAS"
Prices for this grade l,ayo ranged from $1,000
coo during the year. In January they uere
April, at .5.5otpj.75; in May. at s5.G0@5. 90.
They then declined to s5,ooa5. .15 in June, July,
and August and rocedod slowly to sl.0UGs3.25
the last week III October. when wheat touched
its lowest point. The market soon reacted to
81 n5M4 fiji and clneAfl aaeier ut A. 00E1A o.
The average OF prices was 35.0l per brl.
Tho depression ia winter-wheat Hours has been
yerv marked hero, as at tho East, during tho last
half Of tho year. Indeed, they ~aro OF times
practically unsalablo. The -four made from
spring wheat By the new process ID growing in
tnyor. in this section especially, and vary many
families prefer it to winters that ars offered It
lower prices.