The Grange advance. [volume] (Red Wing, Minn.) 1873-1877, 1877-02-28
Review of the Markets.

The 'tgood time coming which
every one is anticipating in business circles
has not yet arrived, but is confidently expect
ed when the "next President" is inaugurated.
As this event is not far distant there seems to
be daylight ahead.
Grain is quoted in Milwaukee: Wheat-No.
l, sl.45; No. 2, fresh, $l.35H; seller March,
s1.34; seller April 81 SAG; No. 8, $780, Corn
steadier No. 2, 44c. Oats steady and in mod
crate demand; No. ?, 3aXc Rye steady, and
in moderate demand; No. I. 71x@72c
Barley lower; No. 2, 69c seller March, 69xc.
In Chicago, the following grain quotations
are given: Wheat, No. 2, 81 28x cash;
81 28X seller March; $1.3Ox seller April:
s1.331 seller May No 2, Chicago. l.2U@l %;
rejected s1.05. Corn active and lower; No. 2
Al xc cash and seller March; closed at 41X
seller April; 45Xc seller May; rejected &c.
Oats, dull ard weak ana lower; No. 33Xc
seller March; 34Kc, seller April; 36X C seller
May rejected 26c. Rye steady, e8c. Barley
dull and weak, lower; $3.50 cash and seller
March.
The N. Y. Times has the following review
OF the grain trade.
The foreign grain markets have been tame
and spiritless tor a long time past, especially
Tor wheat, and our own markets have been in
the wheat connection kept relatively higher
as to prices, partly by speculative manipula-
ton based on the assumption of short sup
plies III the interior, thus seri usly changing
business. Export dealings in wheat at this
point have been recently unimportant, ship
pers complaining OF their Inability to pay ask
ing rates. Through the past few weeks var
ious rumors have been in circulation of a re-
turn Shipment OF American wheat from Eu
| rope Of more or less magnitude. These ru-
| mors for the most part were credited to .well-
by the way, the speculative interest is repre-
| scented as being in substantial control OF the
| market. The rumors had reference mostly to
| returning cargoes of California wheat, but, at
the close of the past week became more com
prehensive, and limited at ''large quantities
OF wheat arriving at the port OF New York
from England, Germany, and California, with
further important amounts on the way. ~
The rumors, as nearly as anything could be
| made out OF those having basis OF probabil.
ity, are spoken Of here as having the founda.
ton ola return shipment OF very inferio,
spring wheat from Glasgow, which inferior
wheat is said to be in liberal supply and un
marketable there, and possibly one or two
lots OF California wheat which have been in.
voved in the return movement by the ru
mors which are so freely supplied from Ger
tain points in the west to the mar
kets OF the seaboard. with the sufi
ing value. Lite cable advices ar,
OF stronger foreign markets Tor wheat, ane
export buyers are seemingly more disposed t,
"pe' ate here and at the outports, especially il
view OF the favorable circumstances of extraor
binary low rates OF OCEAN freight, both Ivy sal
and team. Recent purchases VI mixed West
ern corn on export account, for delivery here
. and at Philadelphia and Baltimore, have beef
extensive, and prime rye is again in compar
atively active request tor the German markets
The export cali Tor flour at present come
lean and British American provinces. the IN
quiry for Europe being extremely light. Cit
millers supply the bulk OF the West Indi
1 trade requirements.