Jamestown weekly alert. [volume] (Jamestown, Stutsman County, D.T. [N.D.]) 1882-1925, 1891-08-20
STILL GRAIN GOES HIGHER,
How the DaWning of the True
Situation acts Oh the
Market.
Rye, Wheat, Corn, Oats and
Barley all Largely Advanced
Last Week,
Nor tn DakOta's Wheat CrOp not
yet Secured, But in q Fair
Way to be.

49, -. A1ssOSss . vVAAONC CIOp uOC
yet Secured, But in q Fair
Way to be. @
High Prices for Grain.
Wheat, rye, corn, oats and in fact all
kinds of grain food are steadily advancing
The market Saturday last showed some
big jumps, something like the corner"
advances that have been witnessed in
past times, yet no corner exists merely
the legitimate values of the produce.
Wheat in Chicago fuctuated from $1.Ol5a
to $l.OS closing at S1O615. On the curb
later news sent 1t up to $l.1O, $1.14 and
as high as Sl.l8. Reaction is expected from
these figures. In one week wheat went
went up nearly ~ cents, something phe-
nominal. The steady foreign buying
keeps forcing up prices. European mar
kets closed stronger and higher. In
some countries in Europe rye, the staple
bread flour Of the poor is higher than
wheat. There is natural not artificial
corner on rye in New York. Rye is not in
the country. The United States raise
but comparatively little rye for
export. The amount this year
we can sell not being to
exceed 100000 bushels. r. We has
gone up 30 cents bushel in New York
in 10 days, and one firm cleared $4,000 on
single cargo shipped to Europe on
plain export trade and not on specula.
tion. Such thing has never been heard
of before.
The foreign commission men are said
to be in great Ignorance as to the amount
of rye America can send them and are
still acting as If this country can supply
all foreign demands. The realization Of
the true situation is causing the steady
advance in prices. An effort will be
made by those who are short OF rye aud
have sold same for future delivery, to
substitute wheat for rye. This will have
another tendency to advance wheat. The
Russian ukase to prevent the export of
rye has shown the world the true situa-
ton there, and Russia is the greatest
producer OF rye IN the old country.
Corn, of which Europe eats very little,
and which is best known in America as
one Of the most healthful and beneficial
Of foods, is advancing in sympathy with
other grain. In Chicago Saturday the
18th, corn sold as high as 81 cents clos
ing at 6419. Rye sold at $l.O4. All food
products stronger and higher.
Barley is another very important crop
which the North Dakota farmer can raise
IN immense yields, and of which there is
fair acreage in this county, and a
larger acreage throughout the state than
last year. A summary of the condition
Of the barley crop of 1891, compiled by a
leading malt and grain company of Mill
waukee, shows that all condition have
been favorable to an excellent quality
aud large crop, as compared with last
year, and North Dakota's crop Is among
the best. The berry will be much heavier
in weight and plumper than in 1890 and
it's color will be bright, except IN Ne
braska and certain parts OF Iowa. There
was heavy loss of acreage in Kentucky;
farmers there are turning from barley to
tobacco and corn. Canada's small acre
age is ascr1bable to our new tariff law,
which taxes imports of barley 3Oc per
bushel, and malt 45c; the American
farmer will have to supply the deficiency.
The North Dakota farmer who bas any
wheat, rye, barley, or other grain for sale
will do we'll to watch the foreign market,
to keep posted on the probabilities of
his own market, and sell when the price
is steadily high. This is bound to
come to pass this year, for no such gen.
eral crop failures in the old world have
been known for many years. Prices in
this state may fluctuate when the new
crops begin to move, and of course every
possible effort will be made to run down
prices, to grade oft and to use the Gus
tomary tricks to get the farmers grain
for the least money. These deylces will
be more desperately employed this year
than ever The farmer should watch his
weights himself.
It seems only sensible to consider the
situation in Europe and to hold wheat in
this country for the legitimate price the
old country will be required to pay for it.
Should there be a light crop in the old
world again and in this country next
year, which is as Liable to follow as full
yields. there is no predicting how high
prices Of grain may 60. No farmer should
act in haste this year. His creditors
should be appealed to, and every possible
means taken to hold on to his grain.
It will return to him golden profits ii
he does. There are plenty of men inter.
crested in getting low wheat, who will
be found in every neighborhood, to sing
an entirely different tune, but the man
who has the grain is the master Of the
situation, and his own action should be
guided by common sense and self pro.
lection.
OVER MILLION IN SIGHT.
Stutsman county farmers can scarcely
realize the amount of cold cash that is
now almost within their grasp. A few fig.
ures will show what veritable bonanza
this season has about secured for us. The
assessors figures show that there are
over 81 900 acres Of land in the county in
wheat. The present indications are that
this grain will average 20 bushels to the
acre. That is big average, but many
fields will 20 largely over that, and few
less. Never in any year has the crop
been 60 good generally. At 20 bushels,
the yield in the county will be 1,14O,OOO
bushels. Wheat is today IN Chicago
S1.O8. The belief that it will bring $1.OO
in North Dakota is spreading and is