The Weekly Kansas chief. [volume] (Troy, Kan.) 1872-1918, 1883-01-04
Corn Higher than Wheat,

On several of the last days of November, no
could be bought in the New York markets
for immediate delivery under l.O- to sl.l9 per
bushrl, aud hundreds of thousands of bushels
were paid for at this rate, on November 18th,
while wheat was plentiful at sl.U7f a Los. per
bushrl. On the same days corn was selling at
Chicago for prompt delivery at 6sc, per bushrl,
equivalent tO Sl4c. in New York, allowing lie.
per buslrl for the regular railrnad freight, and
l.. for insurance, etc. explained in the liner
lean .igrirHlfarist for November last. On the
same days, corn was sold for delivery during
January, at Chicago for 59c. per bnshrl. and in
New York for 6iGl 4c. Farmers having cora t.
SPARE aud being mar enough Ia New York to
rush IT in before November .S0th. may ia few
DAYS have btru benrffted. The explanation of
this high price of corn is simple. Ia October.
aud up November 20fh, spccnlaiors believing
curu would liz lower, or that they rould ku1ck
prices lower. sold 10 other parties November
cora" that is, corn to lie called for at any time
during that month, at SLASH. per bushrl. eN
pecting to buy il at less rates. Many such sales
were made, usually in canal l0at lnts--. cGJ
bushels bring the understood ''boat load" The
purchasers of these contracts quickly aud secret
IN bought all the corn in the city, aud all ON the
WAY thai cOIld arrive befOrr November 30th. aad
~ il too late for more to he bruu. lat
here from western cities they jumped thr price
mp 10 81 ~ per hushrl, rs-fIsiug to - | tor is
AMI made artgai sales at this rate. The ,l,a ers
Of options bring unable 10 buy enru. were oblig-
ed In pay the buyers th. difference bet wern their
contract rates and the actual quotations. TINS.
thosr who snld at Size. paid cash difference of
;,ssc per bnShrl, or 81, 2s0 each boat load.
But We have no sympathy with them. They
Ibid" on the price and gIt caught. ALL such
transactions disturb legitimate trade, interrupt
'irsisahlr exports, and injnrinus To prolu-
GERS, aud To the general business of the country.
--im'r. .igricHiinisi.
DOES WHEAT LOSE WEIGHT The question
Is ask-, and answered by the Kansas City Lire
STOCK Indicator as follows: With 80 much " heat
in hand many farmers will be discussing in their
minds whether it is better 10 hold to sell, and
one of the questions in that connection will very
properly he whether there is likely TO he any
considerable shrinksge of weight by loss of
moisture. There appears Ia have been bar few
authenticated experiments Ia test the matter,
and the only ones that come to mind arr,
those of Prof. Shelton at tn Kansas Agricnitu-
raj college. In the fall of iS7; he prepared a
long sack which was filed with exac;ly 200 lbs.
81 wheat. and sunk deep into 4 bin containing
10 bushels of winter wheat. Ii remained there
exactly six months, when it was taken out aud
again weighed. and pulled fraction 2O0i
pounds. In November, lcs0, similar long sark
wass sunk in a bin of grain, AMI left there seven
months aud ,lay; when it taken up it
weighed full pol pounds of grain. Prof Shell
ton says: This seems to show that wheat does
not shrink in the bin, but | am not going 10 Of
fer AN explanation of this increased weight of a
half pound in the one case, and one pound in
the other. The fact becomes all the more IT,
markahlc when we consider that our Kansas
winters are among the dryest found
anywhere. These experiments do seem TO show
that " heat does not shrink from evaporation in
the hin when put mp perfectly dry The loss of
weight from wintering over wheat, of which
have heard farmers complain, must then, in JUS
tice, he charged up tn the ants aud mice.
leaky state of granary.n