The anti-monopolist. [volume] (Saint Paul, Minn.) 1874-1878, 1877-09-06
THE PRICE OF WHEAT.

The farmers of Minnesota are to-
day the victims of a shameful conspi-
racy of wheat operators. We quote
the following from a recent editorial
of the Minneapolis Tribune:
Allowing 26 cents for transportation and
cent per bushel for commission at Liverpool,
there still remains q margl i'm OF over 40 cents
for No. wheat in that market above the quo
tations for Milwaukee In other words. W while
No. was quoted in Milwaukee yesterday at
81 10, it was quoted the same day i'll Liverpool
at ST 81, difference of 72cents in favor of the
latter market. DEDUCT TRANSPORTATION AND
COMMISSIONS AS ABOVE, AND THERE Is STILL A
DIFFERENCE IN FAVOR OF LIVERPOOL OF 45
CENTS. Evidently there is something wrong
somew here. The surplus grain crop of the
world is consigned as rule to the English
market, v hich rules the prices. II the present
Englishquotations are legitimate, and weknow
no reas N to believe them otherwise, then an
advance in the home markets on this side OF
the water have or months been in the hands
of spectators, who have made and unmade
prices almost at will It was these gentlemen
who gave to wheat its largely ficticious value
on the breaking out of the Turco-Russia war.
most equal degree. While option gamblers
have dealt in large figures, little wheat has
really been handled for months, but when
the great crop Just harvested shall begin to
move freely the actual dealer will again come
to the front, and quotations once more repre-
sent actual values.
There has been a fall of seventy
cents per bushel in the price Of wheat
in the United States, ,cithou arg COR
respOnding reduction IN the price of
scheat IN Europet!
This is the result of a gigantic con-
spiracy of number of capitalists to
deprive the farmers of this country
of the just returns of their industry.
A European war is raging which
cannot possibly terminate before next
summer. This war embraces the
very regions from which we are to ex-
pect our most formidable competition.
The London Telegraph said. the 9th
er day:
The blockade OF the Russian ports in the
Black sea has produced the effect of abridging
our grain imports to an extent w hich can only
be duly estimated when the magnitude of that
department of trade in Russia is taken into
account Within the last fortnight a confer
ence was announced by the government at
st. Petersburg, consisting of firms largely en-
gagged in the export OF wheat, and representa-
| tives of the various railway companies
| throughout the country. The object of the
| meeting was to ascertain approximately by a
i comparison OF statistics the annual average
quantity of grain Russia was able TO export
| and theconclusion arrived at was that with
4 fnaf facff fIyany ort
i one hundred and forty-tlree million bushels
per annum had been dispatched from tht
northern and southern ports. The shipment.
| from the Black sea district alone exclusive o
/ Kertch Fish amounted to yearly average o
sixty-two million bushels: and, as in th'
present season hitherto only twelve millior
| bushels have been exported. it is roughly cal
culated that the transit of fifty million bush
| els from the southern ports to remote desti
nations has been interrupted by the unhapp,
| conflict now raging
There is a short crop in centra
and western Europe, and the Englisl
crop, almost failure, is now bein.
gathered in the Esidst of unprecedent
ed storms. Here is arecent dispatch
Lospos. August o9.-Rain has fallen in tor
rents all over the north OF Scotland almos
1 Without luleTIUlSslOu SiIicc last iiiI At. udI
vest reports from all quarters are most de
spending Floods have caused great damag
in South Wales The weatherin the Englis
midlands and elsewhere is very bad. Th
Times, commenting on the change in th
bank rate, says: independently OF possibl
further withdrawal of gold the bank had
consider more.what is likely to be the eS
port of bullion to America in future tina
what has actually been sent thither. Bill
/ apuf IN for di1cns1 nj v0aforr3av wcrp T,FOfAhl
negotiated in anticipation OF Withdrawals
II gold to- day for that quarter to meet graf
shipments. WE MUST TAKE VERY NUC
LARGER oUANTrTT Or GRAIN FR0H THE UNITE
STATES THAN VIZ HAVE REQUIRED IN FORAE
YRARs, bat We must have to pay : muc