The Northern Pacific farmer. [volume] (Wadena, Minn.) 1878-1885, 1879-12-04
of me, and SO there like mummy
and didn't even get up and bow. 1t
was one Of the most distressing fixes I
ever got into, and it will be many day
before forget it. "

ever got into, and it will be many a day
before forget it..
FIGURING Mills Closed.
St. Louis Telegram. 18th to Chicago Times.
The Atlantic mills, capacity twelve
hundred barrels per day, put out their
fires to-day and will manufacture no
more flour until there is change for
the better in the wheat and -four mar
kets. The Saxony mills and St. George
mills will shut down as soon as they
grind what wheat they have on hand.
One of the Empire mills also will stop
in short time, and there is also talk
that the other mills will shortly do the
same thing. The reason given is that
very few of the miilers have made
money in the past two months, and
some Of them have lost heavily. The
maj ority of them made contracts for
flour when wheat was selling along in
the nineties, not expecting SO great an
advance as has since taken place and
been maintained. The milIers who
bought wheat SO as to make the amount
necessary to fill out their contracts when
it cost not over $1.10 per bushel have
about saved themselves, but those whose
purchases averaged over $1.10 per
bushel have lost money. At the pre-
vailing prices -four cannot be manu-
featured at profit to the millers.
Wheat to-day is selling at $124 per
bushel.. If put into flour and placed
on the eastern markets at the ruling
prices, it would entail loss on the
manufacturers Of from thirty to fifty
cents per bushel. Flour is now selling
in Liverpool and other European
markets for less than it commands here.
In the past three weeks very little flour
has been shipped from St. Louis. The
mills have all been running to their full
capacity, and, as consequence, there
is large stock of flour in ST.. Louis.
All of the public warehouses are filed
with it. The manufacturers are having
some difficulty IN finding storage-room.
The millers are buying very little wheat,
and would buy none if they were not
compelled to fill out contracts. The
millers generally are of opinion that
the present price of wheat is, for the
most part, due to speculation. and not
to legitimate foreign demand. In
support of this view, they argue that
wheat already sent to Europe and now
on the way is sufficient to allay the
fears of foreign buyers in regard to
scarcity of that cereal. Since the first
of July ninety million bushels of wheat
from the United States have been
landed in European markets, part of it
in the form of flour. Six million
bushels are now on their way there,
and there are thirty million bushels
more in the elevators and en- route to
the seaboard markets. The foreign
buyers, in view Of this immense sup
ply, are not anxious to make pur-
chases, as they know the European
deficit will be met by the large surplus
Of the United States and other countries.
There Is now ahoat on the Pacific over
eleven million bushels Of wheat bound
for the English market from Oregon
California and Australia. In addition
to this large visible supply, there is yet
a large amount of wheat in the hands
Of the farmers. Under these circum-
stances the millers of the CITY feel that
a decline must take place here, as it
has in European markets, and, con-
sequently they could not safely buy
wheat at the present price, and manu-
facture it into flour.
New York Telegram, 18th, to Chicago Times.
A cable dispatch was received in this
city Thursday from member of Queen
Victoria's household, ordering twenty
five barrels of old winter wheat flour,
recently manufactured under a new
patent in the west, for the queens pri-
vate kitchen. The order was executed
at once, and the flour, which cost SO a
barrel, will be shipped tomorrow.