The Washington times., 1904-10-31

generally understood by buyers of flour
Hpt 70 DE- or long duration, and when the
spectators finished sneariug the lamDs
prices have invariably dropped back 10
supply and demand leveh when we could
again buy Hour al lower prices.
Why Flour Is Higher
The United States has heretofore
been large wheat and flour exporting
country because We raised much more
wheat here than We required for home
consumption and required for seed to
plant another years crop Consequently
our surplus was sold 10 foreign COun
tries. and in order TO sell TO foreign c0un-
tries the prices of wheat and flour i'm
this country had 10 be kept low enough
10 attract the buyers in London. Liver
pool Bristol Glasgow and other large
markets. bIl now the PRISE uE wheat
and Gour iu Lle United States IS actual
iy higher chen it is iu those markets,
To- say nothing of expenses of freight
ana other expenses necessary 10 add 10
the price here I'm order 20 deliver there.
d on ask W nat has caused TINS change
in condition The answer is that the
United States Agricultural Department
reports this years crop OF ~.neat to be
very short in quantity, and of much
poorer quality than We usually raise,
and the shortage of good quality wheat
became SO apparent to grain merchants
and mlllCTs that many OF them CONT
IDENTIFY predict that the crop this year
VIII not be- sufficient 20 meet the re-
quiremeuts for food for our own couu-
Try and furnish enough Tor seed 10 plant
the next crop
Demand for Wheat Increased.
.'This has increased the demand 10 such
am extent from miIlers who fear they
viii not be- able TO secure sufficient
wheat later on 70 run their mills that
prices are no longer on basis to sell to
our export trade and consequently i'm
September only 4O95g43 bushels of
wheat. and -four reduced from caIcula-
ton 20 wheat bushels. were exported
out of the United States; while in tie
same month last year 14,551,T75 bushels
en- wheat and Hour were sold abroad.
making 1854, s52 less shipped this year.
Nearly all of what was shipped this
year was -four OF established trade
brands that "a demand existed for and
brought In foreign markets prices above
other countries products on account
Of high quality. Buyers had 10 have
these brands al most any price.
Duluth, Mimi has imported Mani
toba Wheat Of high quality 10 help. by
mixing VITA our own wheat Of poor
quality. 10 Grade 10 high enough to make
flour. Twenty-Five cents per bushei inn
port duty had 90 be paid to our Govern
meut on tlls Manitoba wheat. The
Plilsbury Milling Company and the
Washburu Milling Company iu Mime
ap0Is are reported 20 have applied 10
the customs authorities 10 bond a large
-four mill Tor each company so they can
grind Canadian wheat for export -four
'It is also reported that millers in
Louisville. KY. have purchased 100000
bushels of wheat out in Oregon. and
ordered 10 shipped 60 Louisville, and
it is said the freight viii cost them IS
cents per busLel
'Dnu.r sou think these are different
conditions from those. existing when the
speculation alone put the market up for
a Ittle While2 And DO you think under
these conditions the baker could have
much hope for relief TN lower prices be-
fore we get another crop Of wheat2