The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1903-02-13
A BULL IN WHEAT
Henry I. Little in New York De-
clares His Belief in Future
of Market.
Outlook Is Good for Flour-James
j. Hill as the Nations
Benefactor.

Henry l.. Little the Miller who was
generally credited with being the main
force under the wheat market during the
prolonged advance In July wheat. last
year, is again q bull in wheat. Mr.. Lit
tie has not appeared in the local market
of late, and his views on wheat have not
been known to the Minneapolis grain
trade. But in New York Mr.. Little
talked to the Wall street newspaper men
and did not hesitate about declaring his
views. An interview with him upon the
milling trade and grain outlook is the
feature Of the current issue Of the New
York Commercial and Financial World
The Pillsbury- Washburn company had
the biggest January in it's history last
month. Unless the car situation grows
worse, the company will not have to shut
down it's mills at all this winter. There
are no stocks Of flour at all
in this country-none at Buffalo
as usual, awaiting the opening
of navigat ton Home consumption
kepes up to It's minimum Of last
year, and the prospects of exports as
good for the last half of this year as they
have been for the first half.
AS to grain, Mr., Little says there is
but one side to 1.-THE bulls side. Country
elevators have 100000 bushels less wheat
than a year ago, and there are only from
20 per cent to IS per cent in the farmers
hands of the last crop, with smaller re-
serves from the previous crop than the
year before.
BY reason Of the long continued drought
in Australia, that country, Mr.. Little says,
will have to draw upon the United States
'forss six months more for supplies of flour,
if not for a year. Australia has already
cleaned out the surplus of the Pacific
coast. and even now is buying wheat in
|. South Dakota.
MIR. HilPs Influence.
.
supreme importance is the; work that Is
being done by James J. Hill in connec-
| ton with the building up Of American
?! trade with the east Said he to a reporter
| for the New York paper:
Sin view of all that. he has &C
complished, and all that he plans to dc
during the next half, dozen years, I regard
| james j. Hill as the greatest railroad
man and the wisest and most farseeine
captain Of industry that this country has
| ever seen. The general public has as yet
/ but little understanding of the tremendous
plans of the president Of the Great Nortt'
/ er1 railroad. The facts and figures per-
tanning to the work of the Great Northern
| and it's outgrowth, the international:
Steamship company, are Of amazing inter
! est and Importance. The work of the
/ railroad and the steamship company
closely allied in ownership and manage
1nent as they are, will result in giving tt
! the United states an export andflmpor
| trade with Japan, China. the Philippine!
i and Australia compared with which al
i that has heretofore been accomplished
! will seem but as child's play.
i Little Help from Outside. s
i ..'Iet. it never be. forgotten that Mr.
! Till has formed these plans and dom
: these things with mighty little help from
outside. The newspapers could not b
4 engaged In doing more useful work thai
I in printing the plain facts in regard t
i this: project for building UP American
q commerce across the Pacific. When ono
the true purport Of Mr.. Hills work /
properly understood he will be hailed a
the benefactor Of the whole nation