The Hope pioneer. [volume] (Hope, N.D.) 1882-1964, 1886-01-29
A Big Wheat Deal.


Louis Globe Democrat thus gossips about q
big wheat deal which he allegesis on the tapis
v ut has beon known Oh 'change here fo1
some time that one Of the biggest wheat deals
ever attempted, IL not the biggest ono OH
record, is now in progress in the Northwest
being worked from Chicago. Though the in
formation came direct and from undeubted al-
tlorty, it was at first doubted, but the course
Of the market, which has been watched closely
III view of the effects of the deal, has been such
as to confirm the entire story. A reporter,
working from this end Of the line, secured the
story FROM different sources though Of con-
firnatory character. Thescheme, being work
ed by Armsur, tho Northwestern millers, the
interested railroads, the elevators and the grain
banks, contemplates putting wheat down to
the point necessary, whaseyer it may be, but
certainly below so cents in Chicago, and from
that jumping up for profit Of 80 to 40 cents,
which would bring 1t here to over $1.20 for
May, and also the advancement Of the value
of pork and provisions while that Of wheat Is
being depressed. The parties to the scheme
rely upon the scarcity of wheat in the winter
area, and the fact that the ceuntry's supply is
in the Northwest. Tho farmers of that section
have put their wheat in the country elevators,
and have been advanced money on 1t by the
parties in interest in the present DEAL the farm
ers being advised to hold their wheat In view
of the probability of higher prices. The money
already advanced will soon be exhausted, and
by that time the market will have beeR pushed
|1down to bottom, the banks will refuse to ad
vance any money, and the farmers will throw
up their hands and sell out, when the associat
ed interests in the scheme will push the marke
up. In connection with the report of this deal
1t Is stated the visible supply statement hat
for several weeks been made to thow lese
decrease than was anticipated by the parties
running the deal having large amounts ready
Oh track to shove into the elevators at Mime
apolis and st. Paul, to 90 into the visible. 1t
is also stated that the recent reported losses Of
the Minneapolis millers were all in the pro-
gramme, as convincing the farmers that the
nillers are not in the deal, but on the contrary
are as heavy losers as they"
Fank Leslie's Popular Monthly
For February is all that Its patrons can desire.
The articles vary in character and treatment,
are all interesting and timely, and all well H.
Illustrated. Mr.. Croffuts article on the late
William H. Vanderbilt gives striking picture
career and life Of the greatest American mil
lionaire, and the reader can Judge for himself
Of the man, his palace, his gallery, his stables
and his tomb Mrs. Lew Wallace, the talent.
ed wife of our general and diplomatist, con.
tributes very striking romance, IA Fair eli.
ents Story" The well-kncwn novelist, Chris.
tian Reid, gives one Of her striking stories,
"a Passing Idyl." 'The Home of the Noted
Indian Chief, Cornplanter," is very pleasantly
described and beautifully illustrated by Mrs
Calista Ingersoll Cara. In "TAe Story Of tht
Man who Wrote Robinson Crusoe," Noel Ruth.
ven takes va back to Englan in the time Of
De Foe. ''Thibet," as described by Charles a.
Lepper, gives the reader knowledge Of what
will be England's next annexation. R. S. Tar
describes the ''Past and Present Of a New Eng
land Fishing Town" Frank Norton, FIrregu
lar Troops" Mrs, NJ. A. Depison (author o
'That Husband Of Mine"), c. L. Hildreth
Henry Tyrrell, Cathie Jewett, j. F. Nicholl
contribute stories and PONIES. 'vTelpherage,'
tho last application Of electricity for transport
ing freight, will be read with interest; and al
readers will follow Eta w. Pierce's novel
Daughters Of Cain." The illustrations Of thit
number are all striking and good.