River Falls journal. [volume] (River Falls, Pierce County, Wis.) 1872-2019, 1877-03-01
Review OF the Markets.

The "goOd 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 t.
be daylight ahead.
Grain is quoted in Milwaukee: Wheat-No
l, Sl.45; Ne. 2, fresh, sl.35K: seller March
81 "a; seller April 81. 34z.; No. 8, Sl.26. Corr
steadier No. ., 44c. Oats steady and in mod.
crate demand; No. ., 33Kc. Rye steady, and
in moderate demand; No. 1, 71X972c
Barley lower; No. ., 69c seller March, GO Xc
In Chicago, the following grain quotations
are given: Wheat, No. 2, SI2S9 cash
81 2sS seller March; sl.30X seller April
sI,33H seller May; No ., Chicago, 1861 %
rejected Sl.05. Corn active and lower; No. .
Al &c cash and seller March; closed at Al Z
seller April; 45Ec seller May; rejected SIC
Oats, dull ard weak ana lower; No. . $3.50
seller March; 34hc, seller April; So &c seller
May +; rejected 26c. Rye steady, 6Sc. Barley
dull and weak, lower; 551c 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 q long time pase, especially
the wheat connection kept relatively higher
as TO prices, partly by speculative manipula-
ton based ON the assumption of short sup
plies in the interior, thus seriously changine
business. Export dealings in wheat at thin
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 re.
turn shipment OF American wheat from Eu.
rope OF more or less magnitude. These ru.
mOrs for the most part were credited to swell
informed parties at Chicago" where
| 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, al
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 prohabil-
| ity, are spoken OF here as having the founda-
| ton of a return shipment OF a very inferior
spring wheat from Glasgow, which inferior
/ wheat is said to be in liberal supply and I'M
marketable there, and possibly one or two
lots of California wheat which have been in
vOlved 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-
ciently-Obvious purposes of influence
ing value Late cable advices are
of stronger foreign markets for wheat, and
export buyers are seemingly more disposed to
operate here and at the OutpOrts, especially in
view of the favorable circumstances OF extraor-
binary low rates OF ocean freight, both by sail
and steam. Recent purchases OF mixed West
ern corn on export account, for delivery here,
and at Philadelphia and Baltimore, have been
extensive, and prime rye is again in compar-
atively active request Tor the German markets.
The export call for flour at present comes
mostly from the West Indies. South Ameri-
lean and British American provinces, the IN
quiry for Europe being extremely light. City
millers supply the bulk OF the West India
trade requirements.
In Minneapolis wheat receipts for the week
were As, 900 bushels against As, $40 the previous
week, and 81, $50 for the corresponding week
in 1876. Prices have ruled steady at 80 for
No. /, sl.27 for No. ?, and Sl.17 tor No. 3,
Stocks are steadily increasing in the hands OF
millers. Less than 1900 bushels of wheat
were required to manufacture the -four ship
ped during the week, but the accumulation
of wheat is at price above the present value
of -four in eastern markets, which causes
miIlers TO withhold their stocks until ordered.
In Chicago pork is lower, being quoted at
sl4.15 @ sI4.20 seller March, and sI4.45 q
sl4.5O seller April. Dressed hogs are quoted
at Sc, q 1925 in Chicago and Milwaukee.
Butter is dull in St. Paul, fine lots OF tubs,
jars, and even frkins, if really fresh and
sweet, are saleable at l5e2Oc, as to quality.
Only small amounts of choice dairy packed
table butter are arriving, and they sell at
22925c. Substantially the same rates are
paid in Minneapolis. sot
AS 'night brings ont the stars" he warm
weather brings out the eggs, and st. Pau and
Minneapolis quotations are I2Kc, with indi.
cations OF farther decline.