Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1904-10-26
Canadian Farmers Are Able
to Hold Grain For Better
Prices
MOST OF WHEAT is THaEsHED
Experts Can't Understand Why More
of the Canadian Crop Does Not Show
Up for Inspection-Many Farmers
Shipping Direct-2,2so,ooo Bushels
In Storage.

Winnipeg, Oct. $3.50 far as actual
market conditions are concerned, there
is not much change from last week.
Prices for cash wheat are from 22A to
23c under Minneapolis for No. ! north
ern wheat, and the December option
shows about the same spread. Perhaps
the greatest contrast to Minneapolis
markets in the last week has been the
fact that May wheat in Winnipeg has
maintained it's usual premium over De-
cember, the closing today being 95hc
for December, $1.0OA for May, while
Minneapolis May was y lower than
December The Winnipeg market has
not slumped as easily on the breaks
as it did last week, and there has been
more speculative buying, May being on
the whole the most popular option.
There is a steady demand for cash
wheat and some days the offerings
have been large, but as the season adj
vances it becomes more and more evil
dent that very large quantity Of
wheat is going into terminal storage
on farmers account.
AT the beginning Of the week there
was 2,2S0,00O bushels of wheat In store
at lake front terminals and of this
two thirds was estimated as farmers
| wheat. The Duluth Commercial Rec
ord commenting on this statement,
says they cannot understand this in a
new country and thinks the statement
must be incorrect. The term new is
comparative. The Canadian west
| hac Sotno hunarodr of ,,,b,
| have been at the business for from
twenty to twenty-five years. and
| a large percentage Of these men
could afford to hold their wheat for
two years If the notion struck them to
do it. From 60 to Go per cent Of the
threshing is done and yet only 1000 900
bushels had been inspected up to the
fifteenth of October and of that 7,OOO,-
O00 a goodly percentage is still the
farmers property. The movement over
| the Canadian Pacific railway has been
only 1,S79,000 bushels for the week as
against 2,024,000 for the same week last
year. Car shortage is beginning to be
| talked of and the fact that so many
farmers are loading their own cars
| tends materially to delay in handling.
| The number of cars passing inspection
for the week was well in advance of
same week last year. being ELLA cars,
as assaihs .,erty and bulldhfar, 'raiueu>t'
J e'71es100,000. There are now ~
/. ~ 4.-,o,, ..ts-,s lShelS, o. ncy amount
615.00 bushels came to Winnipeg over
Canadian Northern, making up for the
decrease in shipments on the Canadian
Pacific. The grading showed the
greater portion of the weeks receipts
| to be Nos. 2 and northern with more
| OF No. than No. 3. these two grades
accounting for 1125 of the 2,114 cars
and 254 cars were No. 1 northern, leav-
| ing only 1876 cars Of low grade wheat
| for the entire week, not bad showing
| for such a year as 1904. There is still
some tough wheat coming in and the
bulk Of this grades mo. 2 and north
ern tough" which sells for SIC under
| the regular price for the same grade
and is in good demand by eastern mill
ers
| Very considerable interest is taken
here in the announcement that the
washburn- Crosby people bonded their
"B" mill to grind Canadian western
wheat. This should tend to advance
prices at the present time and will be
a further encouragement to farmers to
hold wheat for higher prices.