Mineral Point tribune. (Mineral Point, Wis.) 1869-1938, 1894-09-27
Russian Barley Coming.


The TRIBUNE il privileged TO ex.
tract from business circulars and
letters received by "a produce dealer
in this city from his correspondent
in Milwaukee. First we copy from
a circular dated Sept. l3, devoted to
barley:
"The market today is firm and unchanged.
No. 2 selling at 81 10 54la samples that In
spcct extra No 8 are in demand at $50 TO 81
those that grade No sell at SO to 53]ac,
Commercial papers have recently publish.
ed reports of Russian barley being sold in
New York. We are able to state that sale OF
this barley was made during the latter part Of
last week, by Milwaukee export broker to
barley dealer Of this city, OF III 900 bushels to
be shipped rom Odessa, Russia. and delivered
in New York at 4sc, including the duty, which
IS about l0c per hu The barley is OF good
mailing quality, being plump but somewhat
stained and about the quality OF Milwaukee
No. 3 barley
Replying 10 inquiry by the dealer
here. the Aame Milwaukee dealer
writes under date Of Sept. 10, quot.
ius Milwaukee barley prices ard
touching the importation from Rus
STA as follows:
mo. quality sold today at 53 and aaslc,
mostly ii the latter figure extra No. quail
ty sold Al 4 ana SO. closing at latter figure.
We think the outlook is weaker and for still
lower prices.
"F,om what we can learn in regard to the
Russian baliey. we think 1t liable 10 be an i'm
potlant factor in making prices and compel
ing with American barley little later on in
the season II can be laid down In New
York nov at about 4Sc duty paid II costs
about soc 10 lay down western No. 9 barley
10 New York
"Thi- sale (oi Russian barley is creating a
great deal q comment among barley men,
and IS having some influence upon the market
already, especially upon prices for the lower
grades. This is looked upon us starter"
which, IL Il results satisfactorily, will lead to
further imporalions The reduction OF the
duty On barles hy the new laritllaw makes this
business possible, Under The Mckinley law
the duty was soc per hushel ard now it is 80
per cent nd yulorcm, which makes II about
roc per bushe on toe lot sold--it being IN.
voiced at SIC per bushel.N
This is as clear an illustration of
how the tariff affects the American
producer As can be offered. Under
the Mckinley tariff OF soc per bush.
Ell, Russian barley iuvoiced at 33
cents in Odessa could not be laid
down in New York Al less than IS
cents. Western barley worth 81
cents in Milwaukee could be laid
down ii New York for soc, and
kept the foreign product out I'm.
der the new, democratic tariff, Rus
sian barley, inyolced AT 33 cents in
Odessa, pays ten per cent. duty, or
about loo. per bushel. This added
10 the foreign price makes 43 cents;
To this add cents for freight, and
the gross pnre of IS cents III New
York is arrived at 1t appears from
the foregoing business letters that
il costs about cents 70 ship barley
: from Milwaukee 10 New York, aud
il inevitably follows that To compete
with Russian barley At a cents il
that market, barley must leave Mil
waukee at not to exceed 43 cents
ten cents less than the ruling price
under The Mckinley Law. This We
submit as fair example OF how the
democratic reform law operates to
relieve the farmer.