Warren sheaf. [volume] (Warren, Marshall County, Minn.) 1880-current, 1894-03-15
RESULT or Low PRICES.

Large Wheat Growers Holding TheiI
CrOp&-GFain Fed to Hogs.
WARRINGTON, March 1.-THE stats
tical returns Of the department Of agri-
culture for March consist principally
of estimates Of the distributions wheat
and corn, tho amounts remaining in
farmers hands, the proportion Of mer.
charitable corn and the average prices
of both the merchantable and unmer-
charitable
The returns of correspondents of the
department throughout the great
wheat surplus states indicate q new
factor in the consumption Of wheat,
viz, the feeding of wheat to hogs and
other stock, q fact due. as declared, ia
the unprecedentedly low prices, the
claim being made that this mode OF
disposing of the cereal il profitable as
compared to marketing it for human
food
The returns also indicate that q con
siderable proportion of the wheat now
in farmers hands comes from crops
prior to that of 1898, and especially
from the crops Of 1s91-'92. Such stocks
have been held principally by large
growers. Some damage to such stores
is reported from Michigan and
Washington. The indicated stock
of wheat in farmers hands
is l14,06O.0O0 bushels or 2as per
cent. of the volume of the crop
of 1898. This is nearly $1,000, 900 bush
els less than the estimate for March l
last year and nearly 100000 less
than the average of the past eight
years. The amount remaining in farm.
ers' hands in the eleven principal wheat
growing states is about Is, 600. 900 bush
els, or g. 8 per cent. Of the amount in
producers hands in the country at
large.
The corn in producers hands, as esti-
mated, aggregates $50, 900, 900 bushels,
or 1874 per cent. of the crop of 1898.
This proportion Is less than for any
year in the past Ave, except that OF
1891. The aggregate of corn in farm
ers' hands in the surplus states OF Ohio,
Indiana, Illinois. Iowa, Missouri,
Kansas and Nebraska is Oil per cent
of that in farmers hands in the entire
country, being in quantity 800, 600, 900
bushels. The proportion Of mer-
charitable corn is $50 per cent. of a
present average value of $40 cents per
bushel. The understandable averages
32.2 cents per bushel.
HEAVY FAILURE IN IOWA.
]. r. NORM Company Of Cedar Rapida
Forced to Suspend.
CEDAR RAPIDS, a.. March 13.-The ].
R. Moran company, with capital
stock of 500, 900, extensive egg dealers
and owners of six creameries near
here, has failed, local bank securing
an attachment for $1,000. The total
local liabilities are $4,000, assets
$4,000. The failure is due to the ina
bility of the stockholders, who live in
Boston, to furnish more money. The
firm recently lost go, 900 by damage to
eggs in storage It is reported that
the liabilities may aggregate 5000, 900,
involving Morse, Smith & Co., of Bos-
ton, which firm owns the entire stock
Of the Norm company.
"A couple of years ago the company
branched out into the wholesale fruit
trade, which it is understood has not
been profitable. and indirectly has
caused heavy loss. The fruit and
eggs were stored in adjoining rooms,
with double nailed iron partitions. yet
the flavor of lemons was carried
through and contaminated about fifty
car loads of eggs. or 600. 900 dozen. The
eggs were sold at a heavy loss. In ad-
dition TO this large quantity of eggs
were in store belonging to other par
ties. on which the company had to
stand the loss, entailinR total loss OF
$50, 900.