Eagle River review. [volume] (Eagle River, Wis.) 1890-1927, 1898-09-08
WHEAT STOCKS I'm
FARMERS HOLDING p.o.
BETTER PRICES "
Because They Got Good pr;o..
Last Crop, They Are Led II "
that the Same Good Prie.
Again Be Secured.
boarding the Whao.

Information gathered by Cbon,
| Commerce indicates that the ys lH
ply Of wheat throughout the COMFY
a lower ebb than for several wears !,
time. The opinion prevails amons,
grain dealers that farmers throunb'.
West are holding back their w6oo. b
the expectation of realizing bette,
than are now offered. 1t is arpua
the prices realized from the last cror n
| placed them in position which a,'
them to hold their grain, which in :,
years they were forced to sell slmor II
mediately after harvest.
The orders which had been ayr,
from abroad have not materialized NJ
absence is explained on the grouna
many European countries had pv.M
that in the Spanish war American N
would be blockaded, and in anticnN
Of this state Of affairs, which was pa
lied, a large supply Of grain was Io4N
This rush partially explains the
prices which were paid for wheat N
spring.
1t is estimated that there are les, N
100000 bushels of wheat in the Nj
elevators of the country, which.
opinion of the trade, means that 81
are practically exhausted. OF 4
amount nearly one-half is located at II
neapolis, Duluth and Chicago, with
rest scattered around at seaboard nh
and in the interior. Some of il is aAo y
the lakes, ION passage" as it is QE
Last year at this time the stocks an
BILE amounted. to 16,750,000 bushels 4
in the middle of August, 1896, they ash
gated 100000 bushels. Some sixyb
ago stocks fell as low as 12,000,0Q0lH
els on July l, but were speedily ausns
ed by the supplies Of winter wheat VII
generally begin to move from the 50
western States about that time Of /
year. Up to the present time this N
ment Of new wheat to primary points.
not be said to have begun.
The situation this year is very peII
In fact, it is so unique that specua
are puzzling their heads to find sometj
edy. The situation has its paradUE
side. While the stocks that ma?
bought and sold to-day, tomorrow Ml
week are the smallest ever known, Sca
ly enough to keep the people Of The u
ed States in bread five days il they u
all to be ground into -four at once
amount Of wheat actually in eXStG
this country is the greatest on record
This year there is reason to look III
materially diminished foreign denj
while the American yield promises d
much the greatest ever known. I'd
pean crops are known to be quite Y
The latest dispatches indicate tina
Russian yield will be about G2,4t1
bushels larger than that of last y
while in place of great shortage in Oh
countries there is prospect of fairN
age yield, at least in Austro-HugI
France and Great Britain. Distant CO
tries are also in better position to 50
something for European wants. The
it Is by no means certain that this co
try will have enough corn to help lsr;
toward the foreign supply, yet the VI
crop, according to the estimates vi
have been found most nearly correc
recent years, viii be more than enOus
meet even such an extra ordinary den
as that of last year, and to fully reple
stocks here and abroad.
The overlapping necessities Of
countries have drawn heavily upon
American supply since the new CROP
began. Exports in July, flour incu
were 11,47S,931 bushels, and about
100000 bushels have gone out alreadI
August.
1t has been estimated by statistsI
that the United States this year will
duce 4OO,0OO,0O0 bushels of winter VII
and from 250,O0O,OOO to 300,O0ll
bushels of spring wheat. a total of Il
$50, 100000 to 70O,OO0,G00 bushels,
largest yield ever noted in this count
OF this amount the winter wheat has
harvested, and only awaits the cons
Of the owners to come into the market
so into the available supply. The sNI
wheat harvest in the Northwest practs
ly is completed, and in some parts
grain has been threshed out. PERM
from 100000 to 75,OO0,000 bushels
the new wheat already have dlSaWeN1
from sight, inasmuch as they have v'
absorbed by the flour mills, which
unusually low on stocks this summer VI
ing taken profits on their reserves w
wheat prices were inflated in the spni
This, however, leaves over one-naA u ~
ion bushels of wheat in the HANDS u yg
ducers nearly six weeks after the w.
wheat harvest was completed. ~
This condition Of affairs sugSts
corner" with the farmer as the cn~ IF
stigator. So it is that for once 1De , iI.5
er holds the wheat situation IN lnF ~, I've
of his hand, and seems to ENJOY 'n .rb
barrassment of the SPECTATORS
profession is dead so long as %''"
y,roSnnt low PUD'