The pioneer express. [volume] (Pembina, Dakota [N.D.]) 1883-1928, 1901-11-15


The following market letter III 3fur.3
Snished ~, lSdwards, Wood & Co, Grain,
Seeds, Provisions, Commission Mer-
chants, Chamber Or Commerce, Min
sneapolis. 80, Board Of Trade, Du3uth.:
II Oct. 31st. Wheat has declined about
cent 90 far This week, on account OF
heavy rains In the Argentine Republic.
Northwest receipts have continued
heavy. The total receipts at the four
principal spring wheat markets for the
week, to date, are 8, 199, 600 bushels; last
year, 2.269, 900 bushels: since August !,
71,512, 900 bushels; last year at the sams
time, 55,525.000 bushels. Receipts at the
four chief winter wheat points for the
week, to date, are 100000 bushels; last
year. $685. 900 bushels; total since July
1. 32.377, 900 bushels; for the same period
last year, 46.774,000 blu. Total receipts
since the beginning Of the present crop
year. 1888, 900 bushels; for the same
period last year, 102, 2S9 600 bushels Ac-
cording to reports to Bradstreet's, Oct.
20, the available supply east Of the
Rockies for the United States and Can
ada, increased 1884, 1000 bushels since the
last account; this is partly compersat-
ed for by decrease in the amount on
ocean passage, the worlds visible sup
ply increasing 2,954,000 bushels. Ex:-
ports from both coasts for the week
ending Oct 26, are 4.952;000 bushels.
The worlds shipments for the same
week, 7,26S, 900 bushels; last year, $685.
600 bushels. Receipts Of winter wheat
for three days this week are less than
one-tenth as much as for the CORE
spending days last year. and the total
figures for the crop year show that the
large movement in the Northwest only
little more than compensates for the
decreased receipts Of winter wheat. The
wheat and flour movement is at present
handicapped by a serious shortage of
cars on Eastern roads. The lake routes
will soon be closed for the season.
which will not improve matters. The
car famine contrasts curiously with the
over-supply Of ocean freight room.
which is remarkable, especially for this
time of year. Ocean freights have de-
clined so per cent, and a large amount
of shipping is idle. This is said to be
explained by the small exports of corn.
The price of wheat has been steadied
this week by the strength Of corn and
OATS; corn has gained strength on the
continued bad husking returns, rains in
the West, and the continued shipping of
both corn and oats to the West and
South. Oats are strong and higher on
the active cash demand, and the specu-
lative condition at Chicago, where one
man is said to hold line of over $780,
900 bushels. Reports Of this years corn
crop grow steadily worse, both as to
quality and yield. Returns from twen.-
ty-eight counties in Illinois Indicate
about half a crop Of soft. chaffy corn.
The price Of corn has advanced cent
so far this week. We venture to pre-
dict Is cents per bushel for corn. A
famine exists in parts of Mexico. The
government has suspended the tariff on
corn. but, notwithstanding, bread riots
have occurred, IN which several persons
were killed. A letter from Saratoff,
Russia, predicts a wholesale loss Of cat
tie and horses in that province on ac-
count Of lack of fodder. Flax has de-
clined on heavy Northwestern receipts,
but there is q good demand for the best
grades. If YOU are unfamiliar with the
grain trade, send for our private cipher.
explaining SPECULATION