The anti-monopolist. [volume] (Saint Paul, Minn.) 1874-1878, 1877-02-08

was partial failure--the smallest
presentation, indeed, for many years
and to add to all, continued cold rains
during harvest still further reduced the !
Weld and lowered the grade OF the berry. |
AS consequence, the continental sup
ply, upon which England so largely de-
pends, was almost entirely cut off. |
Russia, which last year shipped 17,00O,-
900 bushels, has this year shipped none
whatever, save to fill small advance con-
tracts. Telegraphic advices to January
1st report the stock OF wheat at Odessa
as being s,O39 900 bushels, which was
held firmly, as no further receipts were
expected this season. Denmark is shlpp-
ing nothing this year. Germany for
| the first three months sent to England
| 80, 900 drs. against 100000 for the same
time last year. France sent 10000
qrs. against 140,O 900 last year. Turkey
and the Danube have shipped none
whatever; Egypt less than tvo-thirds
/ the usual amount. In short. it is estl-
mated by the best authorities that the
! deficiency in the Old World which the
United States will be called upon to make
good, instead of 42,OO0,O0O bushels. as
last year. is the present year very nearly
or quite 7O.O0O,OO0 Where is it to come
from?
| I presume there will be no attempt to
controvert the ascertain that the crop Of
1875 in our own country was the lightest
known for many years. In Minnesota
the yield did not much, II any, exceed
one-half the yield of the previous year.
California was little better Iowa, Kan
sas and Nebraska even worse. But
spite OF the small yield, because Of the
Low rates of freight, wheat was hurried
to the seaboard and to Europe, till at the
middle of December it was estimated
(by the commercial editor,ot the Pioneer.
: Press at Minneapolis) and others per-
haps even better informed, that So PEI
cent. of the entire crop of California
1 had been marketed. The same condi
$ ton was true of other points. The Wes
9 was nearly stripped, aud to-day the high
{ est estimate tor Minnesota is 1000, ,OO'
bushels on hand--many putting it a
half that amount--out Of which mus
como that necessary for seed and TO
o consumption till next harvest~time. L
: view Of all these facts is it not reasonabl
J. 10 anticipate an advance in wheat be
fore the close OF the season?
= One word as to the visible supply
Your Minneapolis correspondent state
:. it Dec. 3lst az 12,222 $50. Let nae Civ
y him little later figures. The visibl
: supply Of grain, comprising the stocks i
2 granary at all the principal points OF ~
q cumula:ion at lake aud seaDoard port
3 and in transit by rail, was, on Jan. /:
9 1877 12434,3So bushels, against II
y 3l6.4O9 bushels at the same date in 187
- % decrease Of 4,S73, ,o29 bushels"
In connection with this we wou,
y quote the following from recent issl
OF the Pittsburgh Telegraph:
- LAS bread might be considered almo
a equal in importance to air, as a SUI
- porter of life. an advance of from twe
- - ty-fve to forty per cent. in -four crush
- with fearful weight upon the pocks
~ ~ books of many thousand people. Yet
= is true that the same grade OF flo
"a which the last of September and the fl
nd nd Of October brought S5.35 delivered
~ Pittsburg, is now selling at 47,75.
- Why this advance? A reporter Of Il
no journal sought an answer from some
- rs our large Liberty street dealers. Al I
- 70 -four store Of Messrs. F. w. jenkins
~ Bro. the reporter was permitted to e
-, anime some OF the letters received
~ the firm from Western and Northweste
- manufactures and dealers. From the
it may be inferred that the scarcity
rds wheat,the yield OF which had baen gre
ara ly overestimated, is the real occasion
at this advance in flour.
IN One Chicago manufacturer states 1
A. he recently refused an offer ofseven Z
al lars cash for one thousand barrels
M -four for export, and says that he ne'
IN all he can make for his own regular 9
,rar toners. But few days ago . MI
| =, son, Indiana, firm quoted aour
,are Messrs. jenkins & Bro. Ut 46,65.
n, latter Immediately ordered fifteen h
her dred barrels at this price, but only Q
!, ~ third Of that amount was sent, the re
being that owing to the advance
wheat 81. 80 would be demanded II
balance was shipped.
Wheat is said TO have advanced t
.ess teen cents i'm st. Louis last Stature
h.a while at Chicago the receipts are \
small, far less than expected. and mil
lers' are reported to be alarmed a. the b
Iner pect. Letters frsm Ohio, indiana a
ings nesota and Illinois are all Of the >
ives general tenor complain ot the seal
Of wheat, the advance ia wheat, and
pressing the opinion that the pric'
not bound Ia % up still higher
de-
sub THE TNDFpENDENTH ORG4a
t the 1rn
pate -.
> OF we nnd III the Wisconsin 1reon
they q communication from Hon. wv. Orl