, 1879-08-14

corroboratcd by numerous dtsintefcalca i.ntls-
men, It was further ramnrked lint 8,fD quar-
tS5 se:'c wO'd \, e t'9m @ to o0 p0'
An enthusiastic hroker explained tho a,Ecbrn!o
nuofn'i,n ns follows: 1t mentit that sstp cnrry-
Ing 30, 600 luatols u wheat. II At this port now,
on iuc spot. would bo paia from 5s. M. to ns. 0d.
Continental por..-Cotk. Portsmouth, Fall
Ilotlth, nr Plymouth for orders.
"supposo they cnrr,cd more than $4,000 bush-
"Then the rate IL generally lower; hut Il Is
about 'he samo whether they carry 10000 buIh-
els nr lcsR.n
"To anv portff
'"Oh. no; distance has something to do with
Il. The price is greater to the ports OF SpaiD,
than 10 Antwerp, Bordeaux, or Tile llague."
" How many days will an average sall.ng ves-
SC, consns E tn Eons from Philadelphia to L1V-
!" barring Incidents, seventy dnys; ton Of
which will bc devoted 10 loading and unloading,
and elxty TO her trim across the ocean,"
"Ttc broker doesn't own the carGof"
Mo; he simply nets rs mlddenlao between
a bargain is made. a contract ceu,ents the obli-
cations Of bnth. Onco c!ear OF this port, the
bEokar hna nothing further 10 do with the vcs-
sel Everything IL Under the Cantnn's orders,
suhi-ct to the conditions Of the eontract.n
"1s this activity likely to be proIongedf'
"1th!nk 70. However, tint question can bo
more satisfactorily answered when the slalus OF
tic foreign wheat crop Is more nnnttcr OK fact
than Of specnlhttnn.n
"lllcn str. Kccno. the great wheat cornerer,
},as mol bccn thu only fortunate alYcnsurer ln
whcntt"
"Not by any means. While he has been tho
most extensive. tllrre orc other m!tonatscs Uho
Lucrative b,sslnrssi You mn make tie caeuia-
tfon for yoursclf. Here arc to-day's o'clock
Liverpool quotations: California wheat averages
g. I'd to 0s i'd; rcd Western spring. ia 10 to IS
9d; red wtntcr. % 2d to 0s 3d. In other words,
whnat sold in Liverpool yesterday at from s3.04
to 3ss.99 11ere the avcrnG1 Is from .03 bid
to Sl.0SM asked. Take 0s as thu averags cost
Of transportation per quarter, which would Ie
about s1:t4 for eight bnslicls, or 10 cents a
huslic1. This wnuld makc WHEAT delivered IN
Europe cost S1.2b Tor every four pecks.-about
n6 cunts n bnshel profit br that calculation.
or course, there are other items OF eIpcndt.
trro tint will reduce the ttguto, but not a
ssSat sliak.' "s''D0' 's'0" % % s''''' 'O'''
"a wheat cargo is liable to oil kinda Of ac-
cIlents. sshp touudering, leasinp tho grain, etc,
"oi course, there ie risk that tho ship will
founder. But that may haonon whenever an
Incompetent orer, rough sen, md sharp
rocks coma together. But this Is mot saken
1nr1cly Into ncrount bv Mariners The great
stcad Of selling for No. 2 rcd Westcrn 70 on tlle
market as damaged, and only at for the dis
tiltcry."
Europ@an grain trade2"
"T1lnt depends. ! think she can. II, how
ever, Russia this year rnecs crop OF wlleat be-
v0nd her own de.nantls, ee will. Ut co:lrse, look
out for soMe other market. How: fae sho Will
cnrry her search Tor tlsls other market depends
upon The amount Of stock she hns on hand.
The United Statcs, BECAUSE Of the immense
cron OF this year elsewhere unea1ah!e. can af-
ford tD risk largely In finding an outlet for her
ccrcnis.n
And thuH, from information obtained, there
fore, It Appears that not only The iron atid sugar
mnrkets nre on boom, but also that tic whcat
market. like this yeas's growing CROP Ia heading
out tremendously.