Little Falls weekly transcript. (Little Falls, Morrison Co., Minn.) 1894-19??, 1899-01-27

IFroaa - IN - Jousssis ~. II
WHY GIVE WHEAT AWAY
aasrioan - - w chesp W.
ps,mssy, paar ~ ~ goc ~ bashsll..'
!; year sgo Nay wAsat 49, selling
i. Minneapolis " 50 cents y bush.
I.l. ana IL had been selling there
Tor three mouths. ZIG advaneed to
I90 csnts 10 August. following
ciiose on,ths harvest 81 1891 and
before the public knew Joseph
Letter wss Interested Is Wheat.
Il held throag ho1t the heavy
marketing season 8 q average 81
20 cents, until il November 81,
81. Paul Pioneer Press predicted
editorially that the TIP Of the ad-
vance had been realized. The
Journal s th,t time predicted
3195. bsssd largely o demand
and supply, but not isnosing the
helpfulness Of the speculative
sentiment.
"A few weeks ago, after careful
.nalysis 81 the statistical situa-
ton, The Journsl advised those
who are Influenced 70 snrne extent
BY what IL says on commercial
points like these. to hold ~heat
for higher price. Ii giving ID
vice like this Their is ) respon.
sibillty attaching thereto that is
fully appreciated " this paper.
II would regret the giving Of
wrong advice to northwest pro
ducers. II is pleasant now to
know that all Of its price ptedic.
tions in the past have been real-
lied, and they have been made
sufficiently in advance of general
sentiment to make them Of scr.
vice to wheat growers.
There ase now indications clear.
" outlined that the advice given
early in the crop year to hold
wheat was warranted by the
situation. The Journal bellows
ii materially higher prices fer
whest from the supply and de-
mand standpoint. 1t the reports
from Russia, India and Argentine
are correct, as we now have
them, wheat will sell at so cents :
bu.hel III Chicago before the next
crop, and probably, ct u. This :
taking advance ground, but with
wheat gong to Europe q the rate
Of over 5, OO0, 900 bush H. : we 4,
"a 400 900 e. q. 600 600 hpsh.ls
! month, as;it is, il: u foolish q
talkfinS less conservative tone,
barring unexpected production in
the countries named above. There
|ls little reason tn think this situa.
ton has been wrongly stated.
Argentine. can export 80, 600, 600
bushels without chanaing the
ao1aove result. There is no in
formation It hand to warrant the
belief that she will export more.
Russis has /, large ye,id Of gram,
but she also has provinces. ct
famine point. : India has probably
: good surplus for export, but it
will, take good advance to bring il
TO Europe. Letter drew q. 000, =
900 bushels Of wheat ont Of Russia
and India when he put wheat
above 41.96 that would not have
been shipped had the price Re.
manned It $1,25 OF. under. And
that amount Of wheat changed the
whole course Of the wheat market
ct that time. Europe did not
have to come to America for that
amount Of wheat. .T
The Liverpool Corn Trade News
(Broomhall understands the
strength Of the statistical situa.
ton. It sid ! few days ago:
America b olds the field and can
set any pace she likes within rea.
son. = The United States is sell.
ing wheat too cheap. Why give
this wheat away TO Europe' Pm.
mary wheat receipts from July 4
TO Jan. is were 198, 446, 900 bush
els. sgainst %, 600, 600 less for the
same time on the previous crop,
when wheat sold stesdily q 80
e. = Shnsh el III her than ak nvaa !.