St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1896-02-15

of wheat-of these twenty-four had been
graded No. l northern and two No. 2
northern. The terminal inspection gave
them nineteen cars of No. 2 north
err and seven cars of No. northern.
This loss Of grade came from the I'M
avoidable mixing Of wheat when load
ing, but there was a narrow margin Of
profit on the other twenty-one carloads,
and this more than made up the loss on
the five loads that failed to hold at the
terminal market at Duluth.
The wheat was bought on margin of
nine cents, and this was nearly cent
above the freight and other expenses
after loading. Take for instance, one
car that contained 727 bushels and 20
pounds Of wheat 1t was shipped to
Duluth, where it graded No. northern,
one and a half pounds dockage and sold
for 541s cents, making the gross sum
$397.49. The freight, commissions, in
surance, weighing and inspecting fees
amounted to S5S.67, which left the net
amount received $33S.S2, or little less
than 461A cents a bushel. On this car
load, which was selected at random
from the returns on the twenty-siX
cars, the expenses from Wadena to Du-
luth were only a half of mill more
than eight cents bushel. This was the
rate on all of the wheat shipped, and
shows conclusiyely that there was a
IL,
was broken, of from four to seven cents
a bushel.
AT THEIR OLD TRICKS.
When the market was left to the
elevators, everything ran along salts
factorily for a few days, but in less
than three weeks it had again fallen
into evil ways, and the committee had
! to return a buyer to the street. They
made an arrangement with J.. M. Stowe,
| who was to buy on margin OF not
| more than 10 cents bushel, and to
| pay all the expenses of loading, freight
| and terminal charges. He bought
eighty carloads of wheat during the
| two months, and after paying all eX-
! penses, received between $50 and $40
| for his services. The elevator people
| again raised the price to an even inquire
| with the terminal market, less freight
and the terminal charges, in the nope
| that they would drive Stowe out OIL
| the market He had the falling mar
ket to contend against, and, seeing no
! chance to make a profit, stopped buy
| ing about Christmas, but left the pad
locks on two cars. The elevator peo-
| pie thought he would resume buying,
and kept the price up until he removed
the locks, when they reduced the price
so they could make their expenses ana
a little more. The market has contin-
| will for the citizens are agitat1ng the
proposition to build an Independent
| warehouse, and the line houses will do
| all that they can to discourage them.
One of the examples Of hauling wheat
away from the5market occurred within
the limits of the corporation. Theo-
dore Ditsch's farm is within quarter
of a mile Of the Interstate elevator, and
the elevators here would only grade
his wheat No. northern. Mr.. Ditsch
would not sell at that grade and hauled
| it to Deer Creek, twelve miles west OF
Wadena. There his wheat was graded
No. 1 northern, and the price paid was
three cents ..bushel more than tine
elevators were paying for the same
grade here The gain of grade, three
cents, and in price, three cents, total
of six cents a bushel, paid him well
for hauling his wheat through Wadena
and twelve miles beyond, to free end
open market. 1esg
w. w. Wellen, who lives five mile:
from Wadena brought a load OF Whea'
to the elevators and they offered hin
No. 2 northern for it after ne mac
dumped one sack into the hopper
That was all he would let them have
at that grade, and he hauled the bal
ance of the load back home. He aft
erwards sold the wheat to the cltl
zens committee, received No. 1 north
ern for 1t, and the grade was sus
tanned at Duluth.
During the time the citizens com
mittee was crowding the elevator com
panies the hardest the representa-
tives of the companies came to tn
members of the committee and en-
deavored to have them
CALL OFF THE COMPETITION,
as they would place the market on al