The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1905-10-01
GARNERNGS or NEWS FROM THE GREAT NORTHWE


Spec1al TO Inc journal. 49,
Winnipeg, Man, Sept. 29.-The first
three weeks movement Of the new
crop OF western Canada has proved
surprise to the trade in more ways than
ONE. Not only has the Quantity OF
wheat arriving here and passing inspec-
ton exceeded expectations, but also IN
point Of quality arrivals have surpassed
what was generally looked, for, For
the period extending from Sept. l, the
beginning of the present crop year, up
to and including Sept. 81, 24O9 cars OF
wheat were inspected, compared with
only 256 for the same period IN l9o4.
1t was the general supposition1 that
there would be comparatively little No.
1 hard wheat this year and that the
greater part Of the crop would grade
l, 2 and 8 northern. While arrivals
SO far may not be a fair criterion OF
what the whole crop will turn out to
be, it is none the less true that as time
goes on the quality steadily improves:
In the three weeks 274 cars of hard
have been inspected as compared with
only It's, the aggregate amount. Of that
grade inspected during the entire 1904
crop year. On the other hand, north
ern, of which there was expected to be
a liberal amount, is relatively scarce
and forms but mere trife Of total re-
ceipts. -..
Three Northern and Corner.
The local exchange recently decided
that 3 northern should be applicable
Under the contract grade. This action
was the outcome of the recent corner
in July wheat in this market and. it
was thought that such a provision
would go long way toward discourage
ing any further efforts to run corner:
Should the arrivals Of that grade not
show any increase during the balance of
this crop year it would look as if the
ruling Of the exchange on this point
would be Of little effect should another
corner be- worked on this market: The
follows: No. 1 hard. 274; northern,
1915; northern, 442; 3 northern, 60;
other grades, 315.
Early conservative estimates on the
| total yield Of western Canada put it
at about the ninety million mark, but
study Of the threshing returns would
| indicate that even that high figure
| will be exceeded. The recent figures of
the secretary of the Northwest Grain
| Dealers association estimating the av.
| erage yield Of wheat at 1928 bushels
but it is fact that threshinc returns
show that while there are many in
stances where the average is largely in
excess Of that figure there have been
few cases where the yield an acre ran
under the twenty-twob ushel mark
| Many local grain men who are consid
cred conservative in their estimates
say the yield this year will be much
| nearer: 100,000,000 bushels than 100000,
! 900. ~ -,
Good Export Demand.
Ever since the crop commenced tt
move there has been, an active export
! demand for the higher grades. Cana
/, dian houses were1ethe first in the field
but lately Duluth9ASuses have been the
best buyers for October and December
shipment and have been taking all Of
ferings. .a,r ...y.-.+ {. . ~
REPRESENTATIVE Of Montreal export
ing firms have been buyers mostly Of
spot stuff past inspection. having con
tracted for lake space which they mus
i fill. and have been selling the futures
which they bought earlier in the season