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

,76.
wheat afioat is 100000 quarters less than
at this time last year. Il is signi6ant.
A correspondent Of the Chicago Times
Geys:
CHICAGO, Feb. l8, The importations Of
wheat and -four into the United Kingdom from
Sept. to Dec. 81, ls75--four months--were
equivalent to 6;6oo. 900 quarters, leaving fur
ther estimated minimum and maximum
import required for the remaining 8 months Of
the current cereal year of6 and * million
quarters respectively. During the correspon-
ding months Of last year. there was imported
the equivalent Of s, ,850. 900 quarters Of which
65 per cent. was contributed by the United
States To supply the same proportion OF the
during the corresponding 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, l36, ,086 were cleared from
Pacific ports, and 80 24O, ,s47 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 Ore
gon OIL the lst of January ult was estimated
by Mr.. Friedlander and others at not over 0O,-
900 tons, or million bushels, and as ship
ments from that coast TO arrive ont prior to
September have to be made as esrly as the 18th
Of April, it is not considered probable that over
* million bushels Of the required quantity
90 500 900 to be supplied BY our Atlantic ports,
against 20, ,250, 600 contributed by them last
season, provided the United States are to fi,rn-
ish, as they then did, 66 per cent. Of the total
quantity needed. Now, II from this splendid
crop Of 1874, following on the heels of the en-
ormous crop Of 1873 the Atlantic ports exported
to the United Kingdom bnt q, ,260, 900 bushels
during the eight months under review from
Jan. to Sept. l--what reason have we to sup
pose that after the heavy export last autumn
from the surplus Of the 1874 crop we can this
season ship during those eight months q, ,6O0.-
00O bushels from the notoriously deficient and
every way inferior crop of 1876? If we fall
short of this quantity II, 0)0, 900 or more, what
reason have We to suppose that the other ex-
their exports from similarly deficient hayvests.
after having had the boarded surplus of the
1874 crop drawn from them last autumn. like
our own, by the higher prices and exaggsrated
expectations then pesvailingf An expott
from Atlantic ports Of but l8, ,600, ,000 bushels,
instead Of % ,5OU.tO0 means An aggregate in
crease from all other exporting countries Of
from the magnificent crop Of 1874.
do not wish to be understood as predicting
famine Ths wheat will BE- forthcoming. but
will it not require much higher prices in Ru-
gland to attract the needed supplies to her
shoresi
The fact is, people have been unduly. .hiased
Or scared BY the heavy "visib'e supplyn With
its having 6een aocumnlatsd as ths sxpsnss q
the invisible supply" or to inquire into the
extent Of British wants prior 70 another bar
vest II you say to . 'sbear" that the eetirnst-
ed minimum import required By the United
Kingdom from Jan. ! 70 Sept. i 5000, 900
quarters, or AZ, ,0O0, 600 bushels, he will very
y01 naxe
are upward OF II ,000, 900 on this side upon
which they can place their hands at any mo-
ment, utterly ignoring the fact that the stocks
Of foreign wheat in the United Kingdom have
already been counted and thA& an additional
6. .0O0, 600 quarters is required, while the fact
that bread is an article Of diet in continental
Europe, the British province, West Indies, and
fool in the United States, would seem to Be
overlooked in their calculations altogether.
That the race between demand and supply IL
to be neck and neck. affair in the British
isles toward the end OF the present campaign
looks to the writer TO b. quite as certain as that
American producers con obl lin ma-h highee
prices Tor thsr surplus wheat BY Withholding
The Chicago Tribune money article
Feb. 18th, says:
WHEAr--Was moro active, and stronger.
advancing xalc per bu in the fsce Of most un.
favorable advicas. Liverpool Wa quoted elow
and neglected, and New York was hsavy and
lower to sell, with limits on buying orders for
Pr 1y,oNA ri 2.A -.
csipts were rather light, and tbs trade gener
ally se~Tned afraid that decline could not =,
foroei here, whatever might he this 0utOon,a
else where, as the news brought in 80 many or
der. to tili at th. expected decline that the
marke: ad vanced in the faos Of ths depressing
advices. The shipping inquiry was very light,
but No. was strongei in sympathy with the
general market, which advanced solely from
tbs effect Of demand from the short interest.
Az explained in our issue Of yesterday, the line
of trailing for the future 10 80 extensive, that
news Of decline or advance elsewhere cannot
BE- dep-.dei upon to produce tho effects which
woulf ordinarily follow ths announcement.
The bull s:srnsnt are apparently - firrn -
ever in .hs belief that EurOps will have to take
all we can spare, later in the ssason. at full
prioe<, and are determined to hold on to the
end; and they have got 80 much that. while
they keep up their confidence. the other side
can scarcely make much headway. But il i
noteworthy thstths people who feel the most
strongly on either side are precisely those who
do the least trading. They are already com-
mit.ed ~ deeply ~ they dare to ventnrs, and
afo now quietly waiting to - which way the
wheel OF fortune will turn
E Note the contrast in the following fg.
|eres. showing the superior esteem IN
Which Minnesota wheat is held in Chica-
go:
CaIh sales were reported Of -, 500 bu No. 3
qfng q u .os.1 ,0D. 8, 40 bu No 3 do 4 81 :
14Hc, 3,8 ba ejecsed do 1t 7Os5fc: and
b0 by sample = Sis96c- Total 81,
BKsoFA WsBA1--W -Was qniee ss uncAaoeed
- 3Ales were LOU bu No. I q olsi6
bu No. 2 q o1,i0x; and / 40 n b
II o.. i4al, ,l6K. Total, $50 bu.
HARD WHEAT.
have heretofore called attention
- ! grea: difference in price, abou
IT. -. per bushel, between the com