The Cincinnati daily star. [volume] ([Cincinnati, Ohio]) 1875-1880, 1879-11-15

I pareu WIN 0oo,oOA Ing net ECSSipNS
slightly below the previous year, having
been 2l5,26l barrels in 1s7s-79, compared
with 222,7l3 in 1s77-7s. J...-
This seems to indicate diminished con-
sumption, but this difference probably
finds explanation in smaller stocks at the
close of the past year The stocks here on
the first day of June. 1879 aggregated
Il, ,9S5 barrels, in comparison with 19, 500 in
the previous year. The quantity of low
grades in the market has been less than
usual At times they have been scarce, SO
that they have commanded at such periods
from Is to 25 cents per barrel above their
ordinary relation. The market with other
grades has been we'll supplied The in
crease in the consumption of the better
grades of -four, which has been noticed in
these reports for a number of years, con-
tinues to manifest itself. This is, specially
the case with -four known as patents y
which is rapidly increasing in production,
the price generally ruling above the old
family 81 25@1 so per barreL The mills
in this city have very generally introduced
the new machinery, and country mills, too,
are finding it to their interest to adopt the
new method, which is alike economical and
popular a'..l .t.f
The business done with other cities has
year. Baltimore, New York and Boston
have taken our -four to some extent, under
the stimulation of cheap freights, which at
times were as low as 25930c per barrel to
New York. This business, however, has
heen less than it otherwise would have
been, because of the shortness in the supply
of the low grades, which make up the mai
business with the Eastern cities. The guam
tity shipped to Europe on through bills Of
ladng has been about the same with the
preceding year. The quality of the winter
Hour in 1878 was excellent, and that Of
1879, as far as the same has come in, has
been exceptionally fine. This, however, is
traceable to the best of reasons, which is
the singularly good wheat with which the
millers have been supplied. Prices through
out the year have been free from sudden
fluctuations.
There has been little tendency to specu-
lation, though the approach of the new
year. with the prospects of a heavy demand
for breadstuffs from Europe, and conse-
quent invitation to disturbance of values,
combined with the return of better times
generally, materially changed the aspect of
the trade in -four as well as other commod-
tiles. A notable feature was the very low
price in the fall and winter, the decline
which was apparent throughout the previ-
Gus year having continued into the first
two months of the new commercial year.
During September AND October there was a
wide difference in the prices between 1878
10 and 1S77-79 for the corresponding period,
the price for extra -four about the middle
of October, 1878, having been So per barrel
less than at the corresponding period OF the
preceding year. This would not have been
so marked at high prices, but with extra
flour in the past year down to So 65(93 80
per barrel it amounted to a great disparity.
Extra in the first half of December was
quotable as low as SO 50(G3 10, but the
difference in price was then not quite 50
great
After the advent of the new commercial
year there was slow but steady advance
in prices, which continued until the mid
die of June when extra was quotable at
"a 65095 10 and family at $5 25@5 so.
Thenceforward with good harvests ap-
preaching, prices declined, the year closing
at about the same prices which had marked
the corresponding period of the previous
year. The great disparity in prices, which
was apparent in the early part of the year.
was largely neutralized in the general aver
age, by the steadily improving prices dur
ing much of the past year tthe reverse OF
the previous year, the genera. average quo
. tations for family -four having been "a 1872,
in comparison with $5 81 in the previous
year. 1t should be remarked, however,
that owing to the outside quotations for
family -four having been for that manutac-
tured by the patent process in parts OF both
years. these figures are relatively too high,
compared with preceding years.
Making due allowance for this, the aver
age quotation for the past two years for the
= az
wears would be 81 60 in lS76-79, in compari-
son with SIS 80 in 1S77-78, so that the aver
age quotation for the past year would be
~ cents less than l677-7S. The average
quotation for extra -four was $4 073 III
1883, in comparison with IA S5.S in
/ 1877-7S, showing reduction OF 1876. Spring
-four has been here in about the usual
A quantities, though the usually good quail
3 ty of the winter wheat -four, in the past
two wears, and the more general lntroduc
I ton OF new machinery in the mills max
ing the same, have to some extent supplied
demand which was previously met by
spring wheat Aour Still there is demand
ior the spring -four which will not be salts
fed with ANYTHING else. 1t has qualities
6 that do not pertain to winter wheat -four
which the bakers especially find desirable
to subordinate to their purposes. The
/ average quotations for spring family hohl
s was 81 g. = per barrel, in comparison will
! $5 45.5, showing reduction in the genera
: average of 76.4 cents.
p The closeness with which the averages o
Z the leading grades of the better classes Of
4 -four have kept their relation, compared
with the previous year, is noticeable fea
ture. The relatively higher prices for the
: low grades are equally shown from the re
duction in the average for supertine flour
having been but 60.9 cents per barrel. thu
average price for the past year having beer
So so, compared with SO 90.9 i'll the previous
: years.
Statement showing the stocks of -four a
= Cincinnati, June lst, for five years.
Wheat Rye
1879 ..............................1 17,198 IS
, 1873 7s.............,.......... 1854 LOG
> iS77 .,....,,,,,...,,.,,,.,...,. ll,2S7 1,5l
lS76 ,,.....,,......2 y, ,S52 1,29
| 20 opno Al.