The anti-monopolist. [volume] (Saint Paul, Minn.) 1874-1878, 1876-03-02

rs.
wheat aaoat is 100000 quarters less than
at this time last year. It is signi6ant.
A correspondent Of the Chicago Times
seys:
CHICAGO, Feb. l8, The importations Of
wheat and dour into the United Kingdom from
equivalent to 6.60o, 900 quarters, leaving . fur
Their estimated minimum and maximum
import required for the remaining 8 months Of
the current cereal year Of and * million
quarters respectively. During the correspon-
ding months Of last year. there was imported
the equivalent Of $3.50. 900 quarters Of which
65 per cent was contributed by the United
States To supply the same proportion OF the
million estimated minimum import required
during the corresponding 8 months this year
| involves the shipment of 80 million bushels.
| BY referring to the record Of the export during
| the corresponding period last year, it will be
found that the total shipments were 81. 376 ,933
| bushels of which Z, ,086 were cleared from
Pacific ports, and 81, 24O, SAT from Atlantic ports
Or say $500, 900 bushels less than the estimated
minimum import required this year. As the
| total surplus remaining in California and Orc
gon OH the LIST Of January ult was estimated
| by Mr. Friedlander and others at not over 90
UUU IONS, OF . UlilIIOu UslSl1ci6D AItU td snip
nnents from that coast 70 arrive ont prior to
| September have to be made ~ early as the 18th
Of April, it is not considered probable that over
| * million bushels of the required quantity
| can BE- Implied from that quarter. This leaves
&c, 500 900 to be supplied BY our Atlantic ports,
| against 20, 600 contributed by them last
season, provided the United States are to furn-
| ish, as they then did, IS per cent Of the total
! quantity needed. Now, If from this splendid
crop Of 1874, following on the heels of the en-
ormous crop of 1873 the Atlantic ports OK ported
to the United Kingdom bnt %, 26O, 900 bushels
during the eight months under review from
Jan. / to Sept. l--what reason have we to sup
| from the surplus o! the 1874 crop we can this
season ship during those eight months q, 500
0OO bushels from the VIGOROUSLY deficient and
every way inferior crop of 1876? Ii we fall
short Of this quantity 1000, 900 or more, what
reason have we to suppose that the other ex-
porting countries can correspondingly increase
| their exports from similarly deficient hayvests,
1874 crop drawn from them last autumn, like
our own, by the higher prices and exaggerated
expectations then prsvailingf An export
from Atlantic ports OF but l8, 6jO, 900 bushels,
instead Of %, 500. 90 means An aggregate in
crease from all other exporting countries Of
over 80 per cent in their shipments last season
from the magnificent crop Of 1874.
lido not wish to Be understood as predicting
a famine. Tho wheat will b. forthcoming, but
will it not require much higher prices in Rl-
gland to attract the needed supplies to her
| shoresY
The fact is, people have been unduly. biased
or scared by the heavy "visibIe supply" with
its having bean accumulated u this sxpsnss d
the .sinvisibls supply" or to inquire into tn
extent Of British wants prior TO another har-
vest If you say to : "bear" that the eeti,nat-
ed minimum import required by tbs United
Kingdom from Jan. TO Sept. Is sou, 00O
likely inform you that they already have hall
Of that quantity At their ports, and that there
are u inward Of II, OOO, 900 on this side upon
| which they can place their hands At any mo.
ment, utterly ignoring the fact that the stock:
Of foreign wheat in the United Kingdom hav.
already been counted and that an additions
{. ODa. 600 quarters is required, while the fac
that bread is an article Of diet in continental
Europe, the British province, West Indies, ant
South America, and is occasionally used 70
fool in the United States, would seem to b
overlooked in their calculations altogether.
That the race between demand and supply i
to be neck and neck. affair in the British
isles toward ths end OF the present campal2
looks 10 the writer 70 b. quite as certain as tina
American rrodac.rs con obtin ma-h highe
prices ior thsir surplus wheat by wi:hholdin
. | Il from mlrket until next May and June.
: The Chicago Tribune money artcl
9 Feb. 10Th. says:
Z WHgAr--Was moro active. and stronger
advancing xalc per bo in the face Of most ur
) | favorable advicas. Liverpool was quoted eIoa
, and neglected, and New York vas hsavy an
!, lower 10 sell, with limits on buying orders Il
Europe reduccd 81 psr quarter. But orr !
cetpts we're rather light, and this trade gene
!. ally seemed afraid that decline could not |
l n. 1877 1.rA
\ eise y here, ~ the news brought in SO many ol
. ders - fill at tn expected decline that I'll
! marlze. advanced in the fl,s Of ths depressn
: advires. The shipping inquiry uas very ligh
but No. was stronger in sympathy with tt
i general market, which advanced solely frol
! this effect OF demand from the short interes
: A explained in our issue OF yesterday, this liY
Of trailing for the future Is 30 extensive, hi
news Of q decline or advance elsewhere cam
q be depended upon to produce tho effects whil
n woalf otc,na-iiy follow thu announcement
Il The ball element are apparently ~ firm
!, ever in n. belirfth Kurops will have to tax
all W can spare, later in the season, at fu
prices, and ar. determi ned to hold on TO II
4 end: and they have got 20 much that. viii
e they keep up their confidence, the other sic
il can scarcely make much Roadway. But il
i noteworthy tha.the people who feel ths M
strongly on either side are precisely those VII
2 do the leaSt trading. They are already con
mitted ~ deeply a. fhsy dare 70 vensnfo, ~
q are no~ quietly waiting to see which way q
Il wheel OF fortune will turn
II Note the contrast in the following &;
showing the superior esteem
which Minnesota wheat is held in Chic
oIcago:
III Ca1h sal.s wers reported Of 81, 500 bo No.
lorIing q d. al %. 8, 40 bu No 3 do q 81
a1e4c. 49, 0 bn rejected do 1t 70s7fc: .
I4n0bu By sample = SiA85c. Total. 81. &
=. mxEsorA WsEAT-- Was quiet q unchana
- Sales were LOU In No. at u.
~ - bu No. At e1,iOK; and 100 In 4
- At ~, i42i, l6x- Total, go bu.
HARD WHEAT.
40 hare heretofore called attepti