The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1898-08-22

These figures show decrease at Mlnneap-
oils of 58s; at Chicago of 24s; at Duluth OF
4: at St Louis of 22s, and at New York OF
~. %
Thursday last has this to say:
The movement of spring wheat had nor
varied much until today from the movement
of a wear ago. Now it shows about one-haIt
more than for the same day last year. IL
seems to be generally believed, and appar-
emily with good reason; that the arrivals ss,,S
from this time forward through August, Will
considerably exceed the arrivals during the
same time last year. Owing to the larger
receipts within the past day or two, ana 10
the prospective increase in the immediate
future millers have made considerable eff
fort TO beat down the large premium on cur
rent arrivals. They have been quite success
full, as shown by the decline OF l9e IN me
rgst few days in the premium paid for new
snot wheat There is a scarcity of old grain
offered, although some millers have quite
stock OF 1t on hand not offered on the mar
ket and which is not likely to be 50 oneree
THE arrivals of new grain are largely of
yyeIl-rured samples that will evidently make
the -four safe to handle. Still there are buy
ers prejudiced against getting large quaint
ties of -four made from new grain at TINS
season of the year. 1t follows that miliers
without stocks Of old wheat are compelled
TO pay very high prices to get 1t with which
10 satisfy their trade; and they are conse-
ouentlv unable to quote prices that meet the
views of such customers. Besides this, hour
from winter wheat is selling considerably
lower than spring wheat flour, which tends
to limit the output. With larger receipts
daily, there will soon be in the market
enough new grain to supply the milling de-
1nands and that will naturally cause 1t to
tend downward to a price but little above
the price of futures for the earlier months
II Is not expected that the entire premium
will be lost Oh spot grain for several weeks.
Such premium may even continue Tor
longer period than many now anticipate
Elevators and storehouses OF all kinds in
the Northwest are practically empty, which
will call for a great deal more wheat to fill
them comfortably than IN other years. There
is elevator storage set aside for wheat sufl-
Client In this city to take some 10000 900 hu.
Similar empty storage room Is found IN Du-
luth. and even more in the interior. Be
sIdes this, farmers are building more gra-
naries, it is said, than in almost any other
season The result of all this will be a
demand for grain for local storage and grind
Ing purposes that promises to exceed that
of any other year. New wheat is company
lively sound, and will likely keep well In the
bins; and II II can be obtained at reasonable
figures compared with the price Of futures
there will be no burden of wheat in the
Northwest 1t Is not expected that the de-
mand for export will be so pressing after
few weeks as in many other years. fol
Europe, although comparatively bare of Ole
stocks, reports fair or full yield In nearly
all countries.
1t may be expected that growers of wheat
In Europe will feel the same disinclipation
TO sell early, at least while low prices con.
tinue, that Is felt by growers in this coun.
try. The movement of winter wheat has
been disappointingly small, and there |.
reason to believe that after the premium
: On new wheat In the Northwest is gone. Their,
will be disappointing movement. It Is no
doubted that there Is wheat enough RAISED
70 meet all natural demands, with a fai