St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1884-09-03
Among the Commission Mon,

The month of August has not been very busy
one among the commission men and each day of
the month seemed to increase the dizziness In
| wheat very little has been done on change and
the receipts and shipments per rail have daily
grown less. For the whole month 14s 500
bushels of wheat were received and 1880
bushels shipped. For the first week the shin
ments were some 10000 bushels and for the last
week only 7,941 bushels. The receipts for the
! last week at the elevators were 5,714 bushels
| These were purchases made by the ST. Paul
Roller Mill company, at country points, and from
the street Street prices were from Csc to 75c
The stocks in elevator yesterday, were:
Bushels
wheat. .................... 2S, 344
Oaes .........s.-. s-.................. 6,319
Darcy. .......... 668
Prices are at present low, both here and at the
| great central markets of the world, nor is it
very plain TO see how any improvement
can take place either Immediately or in the far
future. The position is simply this the present
bountful crop throughout the whole wheat
growing world, together with the surplus left
from the last crop, make unprecedented stock
of grain which is far in excess OF the worlds
needs: This win be seen at once from these
figures:
Bushels.
Surplus of crops of 1888 .. rs, 00O. 600
Estimated crop of 1884,. .525, 0O0, 900
1otaI. ...........-.-...... 600, 900, 900
Population of the United States, Sc OOO. 600
souls; these require according to
some authorities Az bushels of
wheat each, according to others ~ bushels:
taking the lower estimate andwe have
Bushels.
required lot 1000. .......r..... .252, 600, 900
For sowing 10000, 600 acres. ... 6O,OOO. 600
Total for home consumption. 81 - OO, 900
This viii leave surplus of 2sS.OOO,O0 bush
els to be disposed of outside the United States
And who is to buy it: Surely not Europe with
her splendid crops and India and Australia pour
ing IN stream of cheap grain. or course
Europe will buy of this country if it is
made worth her while, and that. means
cheaper figures than she can get elsewhere or
some other reciprocal advantage. Even taking
the higher estimate for food allowance per cap
ita and there viii be a surplus of 27S, 600 600
bushels to dispose of to foreign countries be-
tween this and next August which means an
average export trade Of five millions and a half
per week. In the face of these somewhat ugly
facts for those who are fondly looking forward
for adollar per bushel again before enow flies,
sound and good advice is, send your wheat
to market as it is ready and
as you can. Do not store away in view of better
prices, but remember your last years costly
experience of keeping your wheat when offered
CSC in the fond hope of getting the additional sc
and then after lsying out OF your money for 8
whole year selling the same grain at 75c And
this, too in the face OF the constant warnings OF
the GLOBE that soc would be considered a good
price for bushel OF wheat. There has been
but little business In corn during the week the
extent OF the whole trading being some
two or three cars OF No. at about 4ac,
and two cars Of No. ct SIC. The receipts Of
oats for the week past have been considerably
lighter, footing up to $4,000 bushels against
10000 for the previous week, prices have ruled
ABOUT steady. of the receipts s,l05 bushels
went into elevator aud the remaining 1887 TO
the consumer. Barley has been quite inactive
Very little has been shipped Int market. al
though good many samples have been shown
and bids asked on them. Flour for
the week past has been confined
entirely 10 the hene trade and the
shipments have been quite trihing amounting
ofly to seven ears, This was owing to lac fact
OF TIE Keller mills being closed dswn. Eastern