Emmons County record. [volume] (Williamsport, D.T. [i.e. N.D.]) 1884-current, 1893-09-22
The Future Of whe.,.

Figuring on a crop Of 100, 600. 600 BUSH
els Of wheat in North and South Da-
kota and Minnesota, says the James.
town Alert, 1t would seem that before
the year ,s out the supply will be pretty
we'll exhausted, unless the amount of old
wheat on hand is much larger than it is
supposed to be. At present there are
9,5O7, ,043 bushels ut Minneapolis, Duluth,
and In country elevators. This, with q
yield of 100. .000. 900 bushels, gives prac-
tlcally 100000 bushels as the avail
able for the coming year. OF that
amount the mills at Minneapolis, Duluth
and the interior viii require about ee,.
00O 900 bushels. Farmers will need 49,
600. 600 bushels for seed aud 5000, 900
bushels more for bread. This leaves but
22, ,0OO, 900 bushels for export and for
eastern millers. Last year the eastern
and the export demand took out Of the
northwest "a, 110.t04 bushels. As the
millcrs of the northwest will first take
what they need. the deficiency will fall
upon foreign and eastern millers. The
amount OF old wheat now in the hands Of
farmers In the three states ls small and
1t is probably only equal to what they
will keep from this years crop. Last
year the Minneapolis mills ground 49,
977, 1926 bushels, the Duluth mills 1905. .047
bushels, and merchant mills in the inte-
rior approximately aaeeo,00o bushels,
making a total of g. gT2, ,179 bushels. Be-
sides this, there were ground about 8. Co.,.
600 bushels more In the interior for farm
bread, making the total amount ground
10 the northwest rs. 972. 1o2 bushels. There
is no reason to expect the requirements
this yesr to be much, II any, less. That
leaves 1000, 600 bushels 10 be divided
among the farmers for seed and eastern
and foreign millers.
On Sept. / Of this year. says the Fargo
Forum, wheat prices were some 10 cents
lower in Minneapolis than they were q
year ago. Since that timc prices have
advanced some eight cents, while . year
ago they declined 8 or 1 cents On Sat-
urday last the difference between this
year and year ago had narrowed down
to 4 cents on No. I Northern cash, 8
cents on December, and II ceuts on Nay.
while No. . closed at about tho came price
that It did then. This 10 the fret fall for
the past ten years, with one exception,
that prices have advanced after the new.
crop movement assumed fairly large pro.
portions. That exception was IN 1883,
when the yield in the northwest was tie
hghtest Of any in many years, Then,
early prospects were good. The straw
was very good and indications pointed
to u large crop but rains came, followed
by hot westher, which rusted, shrunk
aud bI,ghted the grain to large extent
That damage was succeeded by early
fros.s that destroyed large part Of the
crop throughout northern Minnesota and
northern Dakota. That year most Of
the wheat raised was required In the
northwest TO grind, Minneapolis Receiving
some 81, 900. 700 bushels and Duluth 8. 800,
600 bushels. The present milling facilt.
ties of the northwest could have ground
every bushel of that crop, above seed re-
qur.ments. Prices that year advanced
from 80 cents on Sept. to $1.10 on Sept,
30. and to 81 27ln October During the
, next five months they ranged between
$1.0s and $1.76. finally going down 70
"A cents the following September, the de-
Glue being caused by q large yield in
1850. Farmers have not sold their wheaa
as fast this year a. ID The former year.
| -. - ..>.s.sS "a Ss,,. ~,3Ak rrricoa rnnA.
! tofore they have marketed the great bulk
OF their wheat during the early fsu
! months, which had a tendency to depresa
:. the markets. THIS year, owing to the
!. contrary policy. prices are advancing
. Many investors on the buM eide look fol
q big bulge in prices before the end ci
October, the same as IN 1858.
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