Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1882-09-21

| ROAD, the grumbling was especially directed
| against the inspection on that line. The
grain buyers report that there is no wheat
being offered in the markets of northern
Iowa, Minnesota and western Wisconsin,
and very tittls IL Dakota
Advices from Messrs. Cargill Brothers,
Hodges & Hyde and j. B. Canterbury, who
have agents, elevators and warehouses at
over thousand stations in the Northwest,
and rank among the heaviest dealers in the
country from first hands, it Is learned that
they have yet to ship their first car load of
this years wheat to either Chicago or Mil
waukee- a few car loads have been pur-
chased In Dakota, but they have been taken
by Minneapolis millers at price ten cents
per bushel in advance Of lake port markets.
The crop ID an abundant one, and the quail
ity Of the grain is excellent, SO good, in
deed, that the farmers are not afraid to
put 1t Ii the granary as they were last year
when the berry was soft and liable
to spoil. Very little OF the wheat will
grade below No. 2, while the greater part
Of it Is No. I. In this fact may be found
the solution of the problem why it is not
being offered IN the market The quota
tons yesterday were just 30c per bushel
lower than on the corresponding day one
year ago, while tbs quality of the grain is
greatly superior. The weather has been
suitable for fall work, and the farmer, not
being hard pressed to realize on his prod
acts, has gone into his field in place of go
ing TO market. The price of the coarser
grains, such rs corn, barley, oats, etc, is
vastly higher in proportion to the real value
Of the supply than wheat,which engenders
hope that the latter will soon advance.
The settlers IN Dakota are to some extent
financially embarrassed, and are obliged
to sell at the ruling price. But the grain is
being taken as fast as offered by local mil
lers at prices just beyond the reach of the
buyers for eastern markets. The crop in
Minnesota has been overestimated, but
that Of Dakota is beyond all precedent. In
the former case the deficiency is due to the
decrease La acreage. In fact, it is esti-
mated that this falling off in acreage in
that portion of the wheat belt west of the
Mississippi for $50 miles, including
northern Iowa and southern Minnesota,
n strip of territory upwards OF 100 miles
width, IS from 90 to so per cent. The
Yield per acre Is better, but the decrease in
acreage brings the total down to a. point
less than that Of last year, when the crop
was considered Is failure, as it had been for
number of years previous.
On the board to-day September sold at
Sfo1%9Lo3, closing at LOB; October at
94%9951zc, closing at 95Ilc; November
ct s48@9SMc, closing at 941S994Ic:
year sold at asX@941sc, closing at &c.
On call these prices were more than main
tanned
Sales were 10000 bushels September at
$1-03A@1.o31s; $4,000 bushels October at
95%@s5Ec; 10000 bushels November at
e45@94Mc; 10000 bushels year at $40
94Ic; total of $4,000 bushels. Winter
wheat in good demand, and closed On call
at $1.03H81O4 September; 9SK@9s%c
October; 981s@99c November, and 9716a
$50 year. Spring Is in good demand and
firm.
Ths -four market shows no change.
Local jobbers are making some small
purchases, generally of choice
winter wheat Aours, but shippers
are holding off and doing but little. Rye
-four was dun at $3.75@4. Oats are firmer
and higher; cash offerings small On account
of light receipts; No. 2 ruled 4@%c high
er; No. white 1s@1c better; rejected lie
higher. Future deliveries of No. oats
are firm, and prices ranged
B@Ac lower, except for May, which
was M@2s higher. The trade about as &C
tive as the offerings would allow. All op-
tons sold higher on call, where the sales
were 1886, 900 bushels.
Pork Is very firm and strong, and for
October prices were advanced PIC
over yesterdays closing quotation on
change, and for November I5c Late
futures averaged about the same as on YES
terday. In the near futures fair business
WAS transacted on call.
Tho lard market shows a wopderfn,
buoyancy in the near futures. On the REQ
ular board October closed at an advance of
Soc over yesterdays prices, and November
1890 Late futures closed a shade strono-
er. Interest was largely concentrated in
the near deliveries. Cash and September
were quoted at Che close at 12.5OnI252k
On call lard took another jump, October
closing firm at $12571s@12.6o; November
at S12.07H@12.10; December at s11.57k
ellis; Year at $11.5s@11.55; January
and February at 11.42k@11.45, and March
at H.45@ 11.47K, There we're 21.75o
tlerces sold on call at these prices.
The cause of the popularity in proyis
lons IS understood to be that during the
great down turn of about a week ago, a lot
OF spectators sold short for October al,
shey could find buyers for and
bought equal quantities for tbe
long deliveries. The latter were alreadv
SO much discounted that that oneration
promised to be paying one: but when the
'loe turned two or three days ago, with
news OF big speculative pressure to INV
iard Id Liverpool, people began to attach
more Importance to the story that ON
stocks are rapidly dwindling down here
| and that the folks above referred tn va,+
ed to turn round and reverse former onor-