The anti-monopolist., 1876-01-06
The -Anti-Monopolist.

and handsome appreciation of values
between December and june, no matter
what the outlook. The anomaly of
large visible supplies co-existiog with
large deficiencies is easily explicable
The extensive advertisements of the
wants OF Great Britain attracted the sur
plus Of the old crop. The necessities of
the Russian peasants compelled them to
sell early, And the surplus of the empire
was brought in sight. The fair prices
paid early in the season, as we'll rs dur
ing November, induced an extraordinary
liberal movement in the Northwest.
The poor condition of the wheat in
southern Iowa. Illinois, and all the win.
ter wheat states, made farmers anxious
TO part with it early, and as these low
grades brought but little money, they
were compelled to sell freely in order to
realize sufficient for their wants. The
favorable weather tor transportation has
brought to visible points Of accumulation
large quantities usually in interior ware
houses at this time OF the year, and mil
le's. in view Of the large supplies have
bought sparingly. The effect has how
ever already been felt, and wien the tact
is realized, that the bulk of the crop is
before and comparatively little back OF
US, the upward movement is likely to
be OF character ful y up to the previous
year. The prospects for the .ext crop,
SO lar as known. are certainly discour-
ageing, and should our present unsettled
weather continue long, we are likely to
have the winter wheat fatally injured,
and any deficiency in the next crop will
inevitably bring high prices, as there
will he no surplus tack to supply the de-.
ficiency. Present prices are lower than
We expected to See on this crop. and
lower than they would have been but for
strong local influences. but these in
fuences are being rapidly overcome.
MILWAUKEE, December 3lst, 1875.
Last week We called attention to the
fact that for the past II Years the price
of heat had invariably recovered before
spring from the depression natural to
the marketing of new crops throughout
the world during the months OF October
November and December, and argued
VAS
based on good substantial reasons, and
had never failed, the same course might
be expected this year. We now wish TO
call attention to another interesting fact,
to wit: that the average price of No.
wheat 10 this market TOR the last l8 years
is Sl.27 per bushel, and that, with the
exception OF the year 1861, when the
highest price touched was 81 cts. the
price OF wheat has at some time during
every year advanced far above dollar,
the average highest price for l8 years
being s1.6l per bushel, while the aver
age lowest price during the same period
is 90 cts. These figures cover period
OF high, as wellas extremely low prices.
and ruling prices appear low as CON-
pared with the average, the more so
when it is remembered that the large re-
duction in transpor tation 10 the seaooard
during the past years, is equivalent to
IL cts. per bushel. The market during
the early part OF the week, ruled extreme
~ dull and depressed. owing to large
receipts. as well AS the holidays. The
last few days show q material decrease
in receipts. and prices gradually
hardened In consequence. The amount
of wheat in store in New York on Dec.
l, plus the receipts, less the exports,
show . decrease OF 1-2 million bushels
during tie month. which amounts must
have gone into local consumption.
Should this rate Of consumption continue
1t would not take long to absorb the
visible supply. In a few days we shall
know the exact amount OF wheat in store
in Great Britain, and the opinion is gain
ing ground that the actual figures will
fall short Of the liberal estimates. The
stock in Liverpool has been estimated
ut about 10 million bushels, and should
the same preve to be less than 6 millions
which is highly probable. reaction will
be sure to follow. In 1872 the stock in
Liverpool was over l-2 million on the
lst OF January. which is the largest for
the past ) years. but when the small
amount in farmers hands is considered,
an increase ot few millions is of very
little consequence. Next to the amount
iu sight, the amount afioat tor Great
Britain has been the prime cause OF de-
pressing values. How far correct those
estimates are, We have NO means OF as
Col S0aoln&s Jul tuC SCNAut SutUl1cUlS
from Black Sea and Atlantic ports, and
liberal arrivals ut British ports. would,
in the absence OF correct figures, indicate
u different state OF affairs,
We have had good demand for the
prime qualities of wheat for shipment.
but holders are very tenacious and or
ders are filled with difficulty, not-with-
standing the large amount in store.
The weather has been exceedingly
vet and mild. The winter wheat is en-
tirely unprotected. and cold weather
now would work serious Injury By up
roofing the plant. Those who pretend
to know. claim that this open winter is
sure to be followed BY > late cold spring
consequently late seeding and poor crops.
So far IS the outlook for the next crop is
known. it is as bad here ~ in England
and France, and farmers who can afford
e<~A A.~I All. -