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

had been done on the st. Louis & Alton
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 little in Dakota.
| Advice5 from Messrs. Cargill Brothers,
| Hodges q Hyde and j. 3. 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 nillers at price ten cents
per bushel in advance of lake port markets.
The crop is an abundant one, and the quail
ity of the grain is excellent, SO good, in
put it in 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. L. In this fact may be found
the solution of the problem why it is not
being offered In the market. The quota
tions yesterday were just SOC per bushel
lower than on the corresponding day one
year ago, while the quality Of the grain is
greatly superior. The weather has been
suitable for fall work, and the farmer, not
being hard pressed to realize Oh his prod
ucts, has gone into his field in place of go
ing to market. The price Of the coarser
grains, such as corn, barley, oats, etc, is
vastly higher in proportion to the real value
of the supply than wheat,whioh engenders
a 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
iers 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 in 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.
strip of territory upwards Of 100 miles
width, Is from 20 to so per cent. The
yield per acre is better, but the decrease in
acreage brings the total down to q point
less than that of last year, when the crop
was considered failure, as it had been for
a number of years previous.
IN to
$1.01L@1.O3, closing at 1.O3; October at
9424@951ac, closing ct 95Ic; November
at 9fS@93S1c, closing at 945S@945sc:
year sold at 9321@941Sc, closing at SAC.
On cali these prices were more than main
tanned.
Sales were $4,000 bushels September at
$1.05A@Iosll; $1,000 bushels October at
955s @951sc; 10000 bushels November at
9455s@94Ac; 10000 bushels year at $40
94Ac; G total of 465,OOO bushels. Winter
wheat in good demand, and closed on call
at $1.o31a@1o4 September; 9SH@ss%c
October; 981S@99c November, and 971I@
CSC year. Spring IS in good demand and
firm
The -four market shows no change,
Local jobbers are making soma small
purchases, generally OF choice
wintec wheat fours, but shippers
are holding off and doing but little. Rye
flour was dull at S375@4. Oats ara frnaer
and higher; cash offerings small on account
of light receipts; No. 2 ruled I@Lc high
er; No. white 19@1c better; rejected 5(c
higher. Future deliveries of No. oats
are Arm, and prices ranged
B@Nc lower, except for May, which
was A@38 higher. The trade about IS ac-
tive as the offerings would allow. All op-
tions sold higher on call, where the sales
were 335, 900 bushels.
Pork is very firm and strong, and for
October prices were advanced 27e
over yesterdays closing quotation on
change, and for November 15c. Late
futures averaged about the same as on yes
terday. In the near futures fair business
was transacted on call
The lard market shows a vvonderfn,
buoyancy in the near futures. On the req
ular board October closed at an advance Of
SOC over yesterdays prices, and November
l251gc- Late futures closed a shade strono-
er. Interest was largely concentrated in
the near deliveries. Cash and September
were quoted at the close at 12.5O@I2.521I.
On call lard took another jump, October
closing firm at s12.57H@126o; November
at S12O7B @12.10; December at s11.57k
911.75; Year at $11.5O@11.55: January
and February at 11.421s@11.45, and March
at 1l.45@11A7E, There were 21,75o
tierces sold on call at these prices.
The cause of the peculiarity in proyis
IONS IS understood to be that during the
great down turn of about week ago, a lot
OF spectators sold short for October al,
they could find buyers for and
bought equal quantities for the
long deliveries. The latter were ALREADY
SO znuch discounted that that oneration
promised to be a paying one; but when the
tide turned two or three days AGO. with
news OF big speculative pressure to bnY
lard II Liverpool, people began to attach
more Importance to the story that ON
stocks are rapidly dWindling down bs-e
and that the folks above referred 70 zvon+
ed to turn round and revarso c.