The Hope pioneer. [volume] (Hope, N.D.) 1882-1964, 1885-09-04
The Future Price OF Wheat.


We are frequently asked our opinion in re-
gard to the future course Of the wheat market,
and whether farmers should not held their
product for higher prices. We have no desire
to Influence single farmer in this matter, as
each one must be governed by the circum-
stances Of his own case. While we are we'll
satisfied i'll our own mind that the present price
of wheat is less than that article should bring
on its merits, considering the shortage in the
crop OF 1856, yot we must confess that we can
see no good reason for anticipating au ad-
vance in the price OF wheat in the very
near future. In fact all the probabilities point
to lower before higher prices. Our reasons for
this belief is that the amount of grain in store
at the principal trade centers is too large. and
in order to Greats a demand aud free outflow
prices must drop to meet the views of buyers.
The season of lake Navigation will oloss within
the next sixty days, and this will have a ton
dency to stiffen rail- freights to the East, and
this must he met with a corresponding roduc-
ton in the price Of grain. Probably tho most
unfortunate thing for the farmers of the North
west was the threatening attitude OF England
oA" A~hSo" 1ooe nk'llES NlCu ldlIllClS were
seeding, WHICH not only stimulated Rrodpcs
tion, bHt caused sncl! an advance In prices az to
check the export movement. Had prices rc-
mained low last spring and summer our ole
vators at Minneapolis, Duluth, milwaukee Chi
cago and Buffalo would have become depleted
and tho shortage in the winter wheat cren
wsnld have lad q Tendency to bring out capital
to carry the crop now being harvested at ad-.
vancing prices. At present this support is
lacking, and the bear element seems to have
full control Of the market, and when wheat
begins 10 reach market freely it will cause
prices 10 sag, LeGanae tAOlo is no ono Whose
interest it B to maintain them.
But there arc two ways in which farmers
can assist In Strengthening the market and
bringing about an advance. The first, and the
one the PIONEER recommends all who can to
adopt is for farmers TO place their wheat in
their granarieS and keep it h.prp till neat
spring, oplain,pg lheteoF such adyalces 3h1y
as will enable them 10 get along Tho second,
and the one WHICH the greater nUmAer will
have Va pn.sAp III order 70 hold their grain, ID
to ship to MlHusanola II il Duluth and hold in
elevator receiving thereon such advances as
will enable them to meet their most pressing
wants. In order that fariAefs NAY set intel
ligently in this matter, VIC present below the
different charges on ear load of 500 bushels
Of wheat shipped from Hope to Duluth, in
! cluding storage uatil June 1st. The rate Of
interest will vary, and isthercfore omitted from
the statement, some houses charging as high
as ten per cent, while others advance within
ten per cent Of the market price of the grain
for as low as seven per cent The following
are the charges:
Freight, 13 $40 cents per bushel .....S so 90
Elevaling and delivering. "A cent per
Commission, cent per bushel. ........ S 90
Cleaning and blowing " cent per bushe. so
%sIssins SsRssi'Sn car.: al eaF: :,: q
slo%ss fiji jung i, 1 esnt i per bushel.:. 20 %
Add interest to the above, and farmer can
tell exactly what it will cost him 10 carry 800
bushels grain till the LIST Of June.