The evening times. [volume] (Grand Forks, N.D.) 1906-1914, 1912-03-29
THE SITUATION
REGARDING WHEAT
Conflicting Wheat Condi-
tons. Argentine Poor.
The Wheat Supply

AASAS y
Receipts of wheat during tho pas,
'iN days were generally larger
throughout the middle west and
northwest than had been expected
Minneapolis. Duluth and Chicago each
ing time y year ago. Minneapolis re-
ceived 1.270 cars. a year ago Ills,
Duluth receipts lac car against 81
last year. Chicago received 80 cars
against 105 cars for the correspond
Ing days in 1911; altogether making
m excess above last year Of $50 cars
The larger receipts than had been
expected. together with the larger
supplies in stock tended to hold down
what otherwise promised to he ad.
vancinG prices. Spring conditions are
and were unpromising for the crop on
the ground and the ~lateness Of the
season created sentiment that sprine
seeding will be delayed. Colder
weather and storms aided 10 harden
prices OF wheat. IL there had been an
absence of the weakening influences
mentioned. AS it was prices tendcd
to strengthen with a few set backs,
interrnittingly. through the week.
The feature. of the large move.
ment of wheat in Canada. backed h.
the complaints Of shippers that toe
few cars are received to move the
grain offered. was the excess of this
Canadian movement above any form
er year. There was too. a larger
movement from the Argentine to off.
set shipments from that country
These things affect the elements fig.
uring in pit trading when the feeling
v.as in the forepart Of the week that
tho Nn0YEaf nNci$iNr ~Io,3J u.o~1.
higher as 1t did for a time.
There was a decrease in the visible
supply but 1t proved to be less than
had been looked for which fact was
also influential in turning sentiment
against a further rise. On the other
hand there we're advtces OF rapid de-
crease in Liverpool supplies and there
was the additional prediction that
Continental European countries would
other countries more freely. Alto.
gether the situation Was uncertain and
business Jagged for uncertainties Ia
become less perplexine.
Argentine Wheat Poor.
Bearish news came from abroad.
claiming that free offerings of Ar
Eenttne wheat OF poor quality and in
Adequate storage in cilities in that
country were forcing shipments. For
W b11A nGNo ~ ShtjcNVIIS tdISF
worlds shipments for the week.
Movement statistics were more bull
ish than they have been.
The weeks receipts at Chicago of
$4,000 bushels. was a reduction of
10000 bushels from the previous
week. but an increase Of $4,000 bush
els over last "a Receipts we're 20
900 bushels less than the shipments
Primary receipts Of 2.57S.OO0 bushels
AANpAoual N0.oN Ann am L,,~l,>I- <o. A..
week compared with 2.40s.00 bushels
last year Shipments of 1.51s.0OO
bushels we're 100000 bushels more
than last year. In the northwest re-
ceipts for the week Of 1.477 cars COM
pared with 100 cars the previous
week and 1927 cars last year. Win
nipeg had 2.477 cars. compared With
sos: cars the previous week and
l.524 cars last year. Minneapolis
western stocks are expected to be re-
duced over 100000 bushels for the
week, while last year there was a
gain.
Four Months Wheat Supply.
Kansas City Star-In calculating
the available supply of wheat March
l., h date of the government report
on farm reserves. there has always
been an indeterminate quantity in the
'ilpuSdiIuS vi tlIt " HlllIS anu GIeNd.
tors. The statistical bureau of the de-
partment Of agriculture has undertake
on to supply these figures by an esti-
mate from correspondents of the per-
centage of the crop in these interior
mills and elevators. Its figures arc
a5.110,000 bushels on March /. 1912.
and 3S.591.000 bushels on March /.
1911. The data are not as valuable
as they Would be if ctual figures were
1~>~< ~<>D 80
e Of the crop. but they furnish p
fairly definite basis 10 work on. With
these figures. the total available sup
plies of wheat in the United States on
March ]. 1912. and 1911. are here
shown:
Mch. /. 1912. Mich. /. 1911
Bushels. Bushels.
Visible supply. 100000" 10000. 900
IN farmers
hands ...:..1?2.ooo.ooo $4,000 900
In interior ole
vators and
mills ...... 90. 900 900 $4,000 900
Total supply.
March ...o75.O00. 900 sol. 600, 900
With these figures to start with the
probable distribution of wheat in the
four months ending June 20 this year,
'''' 'i| ~ ~ IJl-
tion in the same time last year are
hero shown:
Four months distribution
1912. Bu. 1911 Bu.
Home consump-
ton $4,000 900 1862. oon, 900
Spring seed -. $4,000. 900 > 900, n0G
Exports ...... 10000. 900 1000. 0OG
Remaining.
July L.. 100000 $4,000. ooo
Total ...-..27a.O0o 900 sol. 900. 900
AS A matter of fact the actua
mount remaining July. 1911. was q
Few million bushels larger than the
figures shown above. This calculation
indicates that the surplus to he car.
ried over at the end Of the current
year will he about 2s million bushels
less than the reserves at the begin
ming of the year. though 10 million
bushels more than three years ago
DAISY
(n01 IN ---- }