The anti-monopolist. [volume] (Saint Paul, Minn.) 1874-1878, 1877-02-08
SAINT PAUL MINNESOTA, THURSDAY, FEBRUARY s. 1877.

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- |
bends, was almost entirely cut off. |
Russia, which last year shipped l7,000,-
900 bushels, has this year shipped none
whatever, save TO fill small advance con-
tracts. Ielegraphic adyices to January
1st report the stock or wheat at Odessa
as being 8,039 900 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
sc, 600 qrs. against 10000 for The same
time last year. France sent 10000
Grs. against lao, 900 last year. Turkey
and the Danube have shipped none
whatever Egypt less than tuo-thlrds
/ 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 1000, 900 bushels. as
last year. is the present year very nearly
or quite 100000. Where is it to come
from?
/ presume there will be no attempt to
controvert the ascertain that the crop Of
1875 in our own country was the llghtest
known Tor many years. In Minnesota
the weld did not much, if any, exceed
one-half the weld 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 il was estimated
(by the commercial editor, OF the Pioneer
Press at Minneapolis) and others per-
haps even better informed, that 90 pei
cent. Of the entire crop Of California
had been marketed The same condl
ton was true of other points. The Yves
was nearly stripped, aud to-day the high
est estimate tor Minnesota is 7,O00,0 0l
bushels on hand--many putting ii a
half that amount--0ut of which mus
como that necessary for seed and TO
Q consumption till next harvest~time. Il
: view Of all these facts is ii not reasonable
!. 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 at I2,222 $50. Let rse Civ
u him q little later figures The vlsibl
: supply Of grain. comprising the stocks i
Y granary nj all the principal points OF &C
canula.ion at lake and seaDoard port
: aud in transit by rail. was, On JAM /;
. 1877 12.434, $50 bushels, against IL
> 316. 400 bushels at the same date in lS7
10 --u decrease Of $685. bushels.n
III connection with this we woul
u quote the following from recent issu
OF the Pittsburgh Telegraph:
= AS bread might be considered almo
- equal in importance to air. as a SUP
- porter of life. an advance Of from twel
- ty-five to forty per cent. in flour crush
80 with fearful weight upon the pocke
II books of many thousand people. Yet
= Is true that the same grade OF TO
:, which the last OF September and the fiji
~ of October brought $3.50 delivered
-. Pittsburg, IS now selling ut s7,75.
- Why this advance? A reporter Of Il
49, journal sought an answer from some
= our large Liberty street dealers. Al
- -four store Of Messrs. z. w. Jenkins
On Bro. the reporter was permitted TO g
lat aliinS Soo sAe i0s~ =
ch li1c III IL i1otii " o'soih Au1 = - =
it may he inferred that the scarcity
.da whaat,the yield OF which had baen gre
ere y of0, 07aiaii"'oa, = 40 Ao-'
at this advance III flour.
in ohc NniS1tso naaiui1olnioa c''s'
a. he recently refused an offer of seven d
- lars cash Tor one thousand barrels
M flour for export, and says that he net
- all he can make for his own regular c.
rar toners. But few a days ago MI
- son, Indiana. firm quoted dour
a~a Mes.rs Jenkins IL Bro. at $685..
-, latter Immediately ordered fifteen hi
her dred barrels at this price. but only 0
,,,h third OF that amount was sent. the re
= being that owing to the advance
wheat 81 80 would be denanded If
balance was shipped.
Wheat is said 10 have advanced q
ess teen cents In st. Louis last Stature
baa while at Chicago the receipts are v
small, far less than expected. and mil
cis' are reported to be alarmed a. the ~
ther pect. Letters trsm Ohio, indiana d
ings nesota and Illinois are all OF the >
ives general tenor--complain OF the scar
OF wheat, the advance In wheat, and
pressing the opinion that the price
NOT bound to 60 up still higher
de-
sub THE INDEPENDENTS ORGAN
the yrr