The Worthington advance. [volume] (Worthington, Minn.) 1874-1908, 1878-03-14
NEWS OFTHE WEEK.
BnKllsI, Grain Trade,

Auc A01A Aduc LIpFCSS SuyS Luc pCaCc
prospects, the fairly abundant granary stocks
and heavy anticipated arrivals, both from
America and Southern Russia, have combined
to reduce the wheat trade to lamentable
state Of depression. During the past week
the inactivity has been such that in the alb
sence of sales, it has been matter of some
difficulty to record the 1luctuation in prices.
That the withdrawal of the prop which the
uncertain aspect Of political matters furnish
ed to the grain trade would depress values was
anticipates; but the concession of shilling
to two shillings per quarter has failed to i'm
prove the demand for wheat which it might
be expected to have done. Having regard to
the low state into which the millers have al.
lowed their stocks to run all over the king
dom, an explanation is probably to be found
In the fact that supplies in prospective are too
heavy to allow tho concession offered to have
much weight, and until some definite idea can
be formed Of the amount Of wheat this coun.
try may expect from Odessa, Nicolietf and
other southern Russian ports, mllers will
only buy from hand to mouth. That the ac-
cuuulation of grain in the Black Sea ports is
large cannot be doubted for one moment, but
we think large proportion will be found to
consist Of q low class and badly conditioned,
as the demand for transport during the war
obliged inlaud graincrs to store as best they
might on the spot, where of course the aprli-
ances for keeping grain in good condition in
Il granary for SO long y period would be to Il
great extent inefficient. There is dragging
trade for feeding corn, barley, maize and oats,
all rcceded six pence to one shilling per quar-
ter with very little business. With moderate
arrivals off the coast the floating cargo trade
for wheat raised steady without uuotatlc
change in values. Maize fairly steady Bar
ley dull
Butter. Cheese, and ExKs.
The fifth annual convention of the ma.
tlonal butter, cheese and egg association met
at Chicago on the 9TH inst, and was cn!lcd to
order by President Harvey Shrcver, Of Balti-
more. Charles Randolph, secretary Of the
board of trade, delivered the address OF wei
come. He enumerated the benefits which the
association had secured to the public, alluded
to the great and growing export business of
this industry, and extended hearty welcome
to all delegates. Vice President Rorick, of
Wazon, Ohio responded. About fifty men,
bers Of the Boston produce exchange are in
attendance. Representatives Of four Boston
newspapers accompany the dele cation. Some
1,5O0 delegates in all are present. Delegations
from Boston, Philadelphia, New York, balti-
more, Pittsburg, Cleveland, Cincinnati and st.
Louis were reported present. Among the
delegates were many dairymcn and manu-
facturers. A. A. Kennard, OF Baltimore
chairman Of tn: committee Oh statistics made
an interesting report Colonel Littler, the
secretary, delivered an address Of great in
terest, demonstrating from facts and figures
that the interests fostered by the association
we're not less important than those of any
other He showed that the entire product Of
the dairy and consumption of poultry and
eggs aggregated in value s90o,000,0o0 per an
mum.