The Redwood gazette. [volume] (Redwood Falls, Minn.) 1873-1940, 1893-11-16
MOVEMENT OFWHEAT

MUVEMENIUE'WHEAI|
uNPREcEDENTEDLY RAPID MARKET
ING OF THE CROP.
OF the Eighty Million Bushels Over Two
thirds Is Out of the Hands Of Farmers.
Balance Scarcely Sufficient For the
Needs Of Northwestern Millers-Some
of the Causes.
ST. PAUL, Nov. 13.-The Pioneer Press
publishes the following regarding the
movement of the wheat crop:
The heavy movement of wheat in the
Northwest this fall, considering the fact
that the crop is generally conceded to be
short one, has attracted widespread
attention and given rise to considerable
discussion. The majority Of the esti-
mates agree on 100,000,000 bushels as
representing the yield for 1893 in Mime
sofa and the Dakotas. Deducting about
10000, 900 bushels, the needs and require
AAANAAtS 1OA O1CdO dlllu SCCS, O1lu ~ ACdNCO
$4,000, 600 bushels as the amount which
was available for market purposes at the
commencement of the season, Aug. l,
1898.
From that date to the close of business
on Saturday last there had been received
in round numbers at Minneapolis about
100000 bushels, and at Duluth, in
GLIDING Superior, 100000 bushels.
Northwestern interior mills of all de-
scriptions are estimated to have absorbed
7,750.OOO bushels, and the amount
which has gone out to Chicago and other
markets from that portion of Southern
Minnesota and South Dakota not directly
tributary to our markets placed at
3,50O,U00 bushels. The amount in store
in Northwest country elevators is about
6,OOO,0 600 bushels, the aggregate of these
figures being SO, $50, 900 bushels. indicat-
ing the portion of the available S0,0O0,-
900 bushels which has left the farmers
hands, leaving balance of about 49,
100000 bushels to be disposed Of during
the balance of the crop year, a period of
eight and one-half months
ScVcEaA OdOSes r OF
Several causes have contributed to this
condition. primarily the farmers debts.
The obligations of the farmer for agri-
cultural machinery and lumber fall due
in October and November; then there
are the store debts contracted during the
growing season and the harvesting and
threshing period. The expenses of the
farmer do not increase or decrease with
the rise and fall of the markets, hence
his money needs are approximately the
same each season. With good prices he
can discharge his pressing obligations
without exhausting his whole crop,
but with present present prices he is
obliged to sell almost double the ordinary
quantity of grain to accomplish the same
result. Under strained business condi-
tons such as have obtained lately, little
leniency is shown by the creditors, and
to satisfy their clamorous demands he
has been forced to sacrifice his grain at
current prices.
It is asserted that in some localities the
supply is practically exhausted; this is
undoubtedly true in those sections oc-
cupied ly the more INDECENT farmers.
Although prices sro aonormally low,
there appears TO te no Immediate pros
pee; 81 Improvement. The visible sup
ply Is the great Lu:;;:2car. Eradstreet
makes The available srnrly in the United
Sits ana Ca1lai5.s CT Nov. last as
$3.50 COG bushels, the Leavisst on rec
ord at q ike date. the nearest approach
tout being a year ago, Or 93,173, 900
buShels. With the markets Of Europe
I'll (, lower plane than our own, and
huge So ply staring them in the face, it
is IA; Oily Y,ronaule that a revival Of ex-
pots will take place up-il the disparity
III prices is removed.
Wheat Needed ut Home.
It is clear, however, that no further
considerable quantity Of wheat can be
spared from Northwest supplies in hand
or i'll prospect, unless the estimate of the
yield proves TO be grave error. 1t will
he n>eded FOR milling purposes. There
is now il store the following amounts in
round figures: In regular elevators in
Minneapolis, 9.250,00o bushels; in pri-
vate elevators in Minneapolis, $780, 900;
il, regular elevators in Duluth and Supe-
rio-, ,6.7u0, o0G; in country elevators,
5000. 900.
This aggregates a total of 81, 000, 900
bushels. which added TO 2o,0OO, 900 now
in the farmers hands gives us total
supply &c draw from Of 49. $780, 900 bush
els
The ordinary milling needs of Mime
apclis are estimated at 100000 bushels
per week. those of Duluth at 275,00O,
and at interior mills $50 ,000 total
weekly consumption Of 100000 bush
els At this rate the supplies required
here in the 20 weeks TO follow would be
about 5,c00 900 bushels. which not only
Indicates that ,he Northwest has no
more grain TO spare for the outside
world t;it that our home market will
y T.. I