Willmar tribune., 1900-10-20


grade of the states south of US, No. 2
Red Winter. This is just compari-
son, because these two. grades are
held equivalent in the worlds markets
in the deal in futures. For the pur-
pose of comparison take, say, the first
Tuesday of each month during the
present crop year, beginning with
August l. I take Tuesday because
Broomhall publishes his price list for
that day. Here is the result as show
ing the comparative standing of these
two contract grades in the worlds
market, and will add also a compar-
ison with Chicago's spring wheat con-
tract grade, which goes by the name
No. l Northern Spring.
Liverpool Prices by Months. ,.
''On August l, the first Tuedsay of
the present crop year, No. l. Northern
Duluth, the contract grade of Mime
sofa and Dakota, sold at cents
above No. 2 Red Winter, the contract
grade of the middle grain belt south
of us, and 2 cents above No. l North
ern Spring, the spring wheat contract
grade of Chicago.
"On September 5, the first Tuesday
in September, our contract grade sold
| at to 10 cents above the correspond
ing contract grade of the winter wheat
states to the south, and l to 4 cents
above Chicago's spring grade.
''On the first Tuesday in October,
October 3, our contract grade sold at
to cents above the winter wheat
contract grade, and to cents above
Chicago's spring grade.
''On the first Tuesday in November,
| November !, No. l Northern Duluth
in Liverpool sold at to cents above
red winter, and l to II cents above
Chicago spring.
''On the first Tuesday in December,
December 5, our contract grade sold E
to cents above the contract grade of
the middle grain belt, and to 3 cents
| ABOVE chicago spring.
"On January 2, the first Tuesday of
the year, No. l Northern Duluth, the
contract grade of Minnesota and the
Dakotas, sold in Liverpool at 8 to Is
cents above the comparative winter
! grade of the states south, with no
sales of Chicago spring quoted.
''On February =, the first Tuesday
of last month, our contract grade sold
at to cents above the contract win
ter grade, and to cents above Chi
cago's contract spring grade.
''The March price list of Broomhall
is not yet at hand, but the closing
February list, February 27 shows the
Minnesota and Dakota No. l North
ern &c to &c above that of Chicago,
with no red winter sold. It would be
easy to extend this invidious COMPARE
son indefinitely. We could show, for
example, that our No. Northern has
ranged through the crop year in the
Liverpool market at &c to l2c above
the standard grade of Kansas No. 2
Hard; and that both our No. l North
ern and No. l Hard have ranked
ahead of the same grades from Mani
toba. What is true of the standing of
our grades in the Liverpool markets
applies likewise to the New York and
Amsterdam markets, with the proper
Variations uue to tine conditions of
the respective markets.
| sit is proper here to state for the
| information of those not familiar with
the customs Of the market, that while
contracts for future delivery may be
filed with either No. Northern Du-
luth or No. 2 Red Winter, at the op-
tion of the seller, the practice, during
the present crop year, has been to fill
the contracts with the red winter, be-
cause it has been the cheaper grain.
This has not always been SO. A year
ago, for example, the two contract
grades ran along pretty we'll side by
side, this being a matter largely gov
erned by supply and demand. But the
comparatively high value Of our con-
tract grade in the worlds market this
year has caused contracts to be filled
in the cheaper grades which came
from other states"
Few Complaints at Home or Abroad:
Hon. F. L. Greenleaf, president of
the new State Board of Grain Appeals,
a grain man of long and high stand
ing: for three years president of the
| Minneapolis Chamber of Commerce,
and politically republican, stated in
the same issue of the Minneapolis
Times: *:
''There is no question that during
. the present crop year there has been
greater evenness and uniformity OF
grade in Minnesota grain inspection
than ever before. This follows mostly
! from the fact that under the new system
there is free scope for the arbitration
of all differences of opinion and in.
4 terest as between buyer and seller,
i producer and dealer, the trade and