Jamestown weekly alert. [volume] (Jamestown, Stutsman County, D.T. [N.D.]) 1882-1925, 1893-08-24
THE AMBER CEREAL.
ProposjtionS Under Considera-
ton For Moving
The Crop.
Great Difficulty Anticipated
in Getting Money for
Wheat.
Threshing Outfits Ready for
Work. Prices for ThreSh-
ing Grain.
From Tuesdays Daily.

From Tuesdays Daily.
There was decrease of 100000
bushels in the visible supply Of wheat
yesterday. 1t is unusual at this season
of the year and under ordinary circum.
stances and should give higher prices.
The only drawback is the money strin.
gency in New York. September wheat
closed yesterday in Minneapolis at 561s,
December 634. In Duluth September
closed at 591s, December 1923, vide
difference in favor of Duluth.
There are yet no arrangements made
for buying wheat and paying cash for it.
All dealers are now uncertain where the
money is coming from to do this. There
is some talk of buying in North Dakota
on 80 days time, and the Twin city clear
ing house certificate plan is still talked
of, but 1t is not favorably received by
all parties necessary to make that form
of currency good. It is SAID that the
Minneapolis banks will not enter into
the arrangement and there is uncer-
tainty as to what the farmers themselves
will do. or can do with any substitute
for cash.
The commission houses are anxious
to get the business but the same diff
Guilty now confronts them that does the
elevators, and other buyers. One firm
writes the Alert that they will be able
probably to pay moderate advances on
grain shipped them on consignment. but
they do not think any firm will pay over
so per cent. of the value of the wheat,
that is the market price.
Other firms are only agreeing to ac-
cept II days sight draft, which by the
time it gets around will be 20 day stand
off. This is done in order that the grain
may be sold and the price collected by
the commission men without risk of delay
or any danger of failures Of any parties
to the transaction.
This il the problem that confronts the
farmers. The elevators arc not open
and there is no prospect Of their being
open for business. This compels those
who have no storage room to ship in cars
at their own expense to Minneapolis or
Duluth and many are not prepared or
are unfamiliar With the routine and feel
little ANXIOUS as to the outcome.
Others are afraid that when the thresh.
ing season is we'll under way there will
be such scramble for cars, there being
no place to store grain even temporarily,
that the railroads will be unable to fur.
nish them. This fear may however
prove eroundless as far as railroads are
concerned. At present each siding con-
tains long string of empty box cars
ready for instant use and an endeavor
will be made to supply all.
There will be q great deal Of wheat
stored in bins on farms this year. because
Of the low price, and the present pros
pect of getting but little cash for it, at
any price. II commission firms are un.
able to advance over half the value of a
carload. at present prices, this would not
net the farmer over 20 cents a bushel,
6uu tuo harvesting oAPoneoo Wue1 uo
paid out of that sum If not otherwise
provided for. Every farmer should have
place to store at least portion OF his
wheat for the higher prices that everyone
agrees should follow the clearing away
Of the money famine.
F. B. Durand: I heard today that the
elevator at Eldridge will not buy or
store wheat at present, orders having
been received to that effect today.