The Miller press. [volume] (Miller, S.D.) 190?-current, 1915-11-04
PRICE OF WHEAT
AT LOCAL MARKETS
Conditions Surrounding Buying
and Selling Grain
Prices Paid Friday, Oct. Goth

Miller, Oct. ~ .... 50 cts az cts
st. Lawrenc Oct. 80. S5 cts 81 cts
Vayland, Oct. 20. SO cts 80 cts
washington Oct. 80. Sc cts 70 cts
Ree Heights Oct. % 81 cts 70 cts
Orient. Oct. 29......8 80 cts 81 cts
Faulkton, Oct. 30. SO cts 80 cts
Aberdeen, Oct. 30. go cts 70 cts
Redfeld, Oct. %. "a cts II cts
Kimball, Oct. 26. -. "a cts
Each fall the price paid for wheat
at primary markets in every locality
becomes a question of discussion and
assertion by many people. One man
asserts this or that market is paying
higher prices, another man will diff
fer with him, and clam that he
knows for a certainty another
market paws more, because-etc.
AS this is a matter of interests to
nearly everybody the Press has made
some investigation of actual prices
paid, without prejudice, because the
nam question of reasonably fair
values to producers is more import
ant than the boosting Of one market
over another. The only way to do
this is by comparison of actual bust
hes done at various markets on a
single day. All Of the above local
prices are reported for Oct. 29th ex-
cept Redfeld Oct 18th, and Kimball
Oct 26th-which two are given
merely as an indication that prices
are about the same there as in other
towns.
And like everything else In this
variable world of ours, it is discov-
cred there are qualifying conditions
and circumstances mich must be
understood to obtain an intelligent
consideration of this question. For
instance. on the same day. a man
sends 1--WE loads of wheat to different
buyers at the same or at different
markets. One buyer might grade
the wheat different from the other
buyer. If so there would be a diff
ference in price. One or the other
buyer is mistaken in his grading,
but both NAV be honest and acting
on his best judgment. Which is
right is a guess, and depends upon
the decision of supposed experts at
the big markets where the grain is
shipped to. Then of course, as
everybody knows, there is a slight
difference in Rv rates, which must be
figured. For instance, the freight
rate OH wheat from Washington is
l5acts, Vayland 16cts, St. Lawrence
and Miller 17ct, Rec Heights 18cts.
Also the Press is informed, that a
local cause, such a. getting some
good choice milling wheat. or of
filling a car with a certain kind of
gram. may temporarily boost the
price a little at one elevator, or one
market, like such things occur in
buying horses, hogs. cattle. etc. for
shipment. BUYERS this year say
they are paying Gets above the
card"
So with these qualifying condi-
tons understood the Press submits
the above list of prices announced
at the various points.
Whether these are fair prices, or
how much the middle man makes in
handling wheat. the Press has no
of knowing. The fac.s are
given herewith as a matter of news.
One producer shipped four ears of
his own grain from Miller last
month, and said the result was very
little different from the price he
could have sold at to a local buyer.
Another man shipped a a of mill.
ing wheat and lost a little on the
shipment.
The presumption is that handling
grain independently is like buying
and shipping any other commodity
on a variable market-the shipper,
takes his chances on the price going
up or down. The big grain COM
panies it is said, protect themselves
by selling everv day as much q, rain
as their elevators purchased.
Elevators report that more wheat
is being stored this fall than usual.
indicating a hope of higher prices,
or that farmers don't need the
money, or both these reasons COM
bined.
The market price of all grains is
obtained by local buyers each day
about noon, by wire from Minnea-
polls, and such prices stand for "a