Bismarck weekly tribune. [volume] (Bismarck, Dakota [N.D.]) 1884-1943, 1891-10-23
The Wheat Situation.

The Minneapolis Tribune sizes the
crop situation up as follows: Naturally
enough the late unfavorable weather in
the northwest, for securing the crops,
where harvest was late, disturbed the
increasing flow of business consequent
upon an extraordinary yield of grain and
fair prices. Enough of the crop moved
before the rains set in to get a large
amount of money in the hands Of the
farmers, which was at once put in gen.
eral circulation. In some sections
money collections are retained by late
adverse conditions, but all realize that
the pending reverses are only temporary,
and there is no loss of general confidence
in the prospect of affairs. A smaller de-
mand for money is noted among the
banks than was expected. Still there
is an increasing inquiry for funds in the
last day or two. The weather is better
and the wet grain is reported to show
rapid improvement. Threshing machi-
mes are at work in the fields again. In
stead of the few seen, before the rains,
there are many now, as they have been
transferred in considerable numbers
from the southern sections to the north
ern. People that we're almost hopeless
in view of the unsatisfactory prospect a
week ago are now, after going over the
ground. very much encouraged. The
late drying winds have gone through
shock and sheaf with great improvement
in the condition. Experienced wheat
~raisers, after looking over the fields and
grain, are of the opinion that the damage
is greatly less than was generally be-
lieved. They do not claim that there
has been little harm, but they insist that
in spite of frost and rain there is an un-
usually large quantity of fine wheat, even
in sections suffering most.
The regular monthly crop report of
the agricultural department at Washing
ton vas published Saturday evening.
The report was too late to have any eff
feet upon the market, for boards of trade
had adjourned before it's publication. It
given out as an indication of a general
average of Is bushels of wheat per acre.
That is a large yield, not before equaled,
and will naturally receive a bearish in
depreciation, with a probable lower
opening of prices of wheat on the OK
changes to-day. It was a common ex-
pectation that with a settlement of the
acreage, the official aggregate would
show near $50, 0 900 bushels as a total
production.
When to such expectations some So
100000 bushels are added, by estimating
from this report, it would be strange if
improving values of the last week are
not turned down again. Much will
reasonably depend upon the effect in
Europe.
There wa a large decrease in the last
month in the amount of wheat and flour
in transit to Europe, but a large gain in
the stocks in store at principal points of
accumulation in the United Kingdom,
france, Russia, Belgium, Germany and
Holland, the increase in September
amounting o 36 per cent. for those coun-
tries. The large accumulation was due
to heavy importations at the time of
largest marketing by home farmers.
After all, the increase is very nearly off
set by decrease afioat. With the smaller
amount afoat a general decrease is ex-
pected this month. Upon such belief a
larger demand for export was noted last
week, with an increase in clearances of
wheat from the four principal Atlantic
ports the past week of 6S2, $50 bushels.
There was a larger demand for -four
also, and Minneapolis patents, that had
not gone freely before on this crop, sold
for export in large quantities. It was
the increasing inquiry for cash wheat.
and high grade Aoursthst gave to the