The Hope pioneer. [volume] (Hope, N.D.) 1882-1964, 1885-07-31
Higher Prices for Wheat

The st. Paul Pioneer Press las been inter.
viewing the leading gram mon of St. Paul and
Minneapolis to learn tho general sentiment re.
gariing tho prospects for higher prices for
wheat. The general trend of opinion was that
an advance may be looked for, though nearly
all were inclined to believe that it will be quite
gradual, aud that ne sudden rise 10 probable.
That Journal says: "The Pioneer Press has
heretofore expressed Its belief that the outlook
Tor higher prices is good, and it sees thus far
no reason to change its opinion. At present.
however, the lack of full information REGARD.
ing the condition of the wheat crop Of til,
Northwest renders predictions as to the char.
aeter OF this advance somewhat hazardous, As
compared with year ago there Is certainly
considerable stagnation in the Northwestern
wheat market. On July 20 there were in stere
III Minneapolis and st. Paul 6,5S5, 900 bushsl,
OF wheat as against 2,574, 600 bushels July %.
1854. Ayear ago the mills were putting out
mare than three times the amount of flour thew
now arc. No. hard wheat then brought four
cents more per bushol than it docs to-day. On
the other hand it is generally conceded tlrat the
stock OF old wheat still in the farmers hands
Is now very small, while year ago the amount
not marketed was quite large. This fact un-
doubtedly explains to some extent tho large
difference in the amounts in store ut the two
cities now and then. As regards the crsp of
the country at large estimates vary somewhat
1t is conceded that the yiold Of winter wheat
will show shortage of at least $50, ,OOO, 900
bushels. The total yield OF the country in 1SS!
was OH, 763, 900 bushels. The estimate of tho
agricultural bureau for this year is S6S, 600, 600
bushels, and is probably not too high. The
visible supply July / was about 40, ,OOO, 900, as
against ]2,OGO, 600 a year ago. The total amount
OF wheat in the country available for market
purposes is uncertain, but will probably not
exceed SOO00,000 bushels This added to 3G3,-
100000 would give total of 4la 1000 900 busl.-
els Last year we exported in wheat and -four
about lao,oOaG0Q. Reckoning on the same
basis ror the coming year, we should have 3d.
O00,000 bushels left for home consumption.
Estimates differ as to the amount Of wheat
consumed in the United States during the
course Of year, ranging from 500, 600 900 to
34o,0OO,0O0 bushels. The tahlsa given else
Whcro prosont an interesting survey of the
range of prices IN tho Chicago market for tho
PAST four years. In 1882, with crop Of $780,
2SO,ON bushels, and exports aggrsgatinp l2l.-
So2'507, the range Of values was from about
Sl.OS to SLIP. 1t cannot be too carefully
borne in mind, however, that all estimates at
the present time are made subject to the out
come OF the spring wheat Drop Of the North
west. just now this is a question involving
great deal Of uncertainty, and depending
largely upon the weather conditions of the
next few days. Should these be uaiavorable
there is possibility that the extremely bouuti-
ful yield that has been so generally predicted
might be materially lessenel On the other
hand, with good weather there Is reason to l,e-
lieve that the crop will DO nearly, il not quite
equal to that of last year,