The Fargo forum and daily republican. [volume] (Fargo, N.D.) 1894-1957, 1917-10-11
SAY FARMERS REALIZE
WHEAT PRICE PERMANENT
Americans Are Bidding for Grain
,. Supplies I'm AustrnIia-FlOur
Export Restricted.

Chicago, Oct 11.-omcials of the
food administration have stated re-
I, peatedly growers can hope for no bet
g ter price for wheat than the one that
: has been fixed, ard now that the press
OF farm work Is subsiding in many
districts IL Is hoped that there will be
an increase in the movement. Cana
dian wheat is coming out in large
quantities and heavy exports OF this
+ grain are likely in the near future.
Broomhall states that America Is bid
$ ding for cash wheat in Australia and
that q good business is probable. The
-four output is still restricted.
Advices recently indicate that the
car scarcity is having more to do with
the moderate movement of grain than
: the trade generally believes. Bartlett
! Frazier had the following from an
elevator man in western Indiana:
THE country is in trouble because of
: lack of cars. Most country elevators
have a surplus of oats on hand in
spite Of the fact that they have loaded
out every car that they have been able
to get since last harvest. 1t is this
, from making sales to arrive or from
hedging In the pit. Corn harvest has
not yet begun, but the size Of the crop
leads TO the opinion that If there is
any shortage of movement 1t will be
due to car scarcity rather than any
disposition OF farmers to hold at pres
emit prices" IN
Reports that representatives of the
conference with officials of the board
.l6f trade yesterday caused a little stir
in view of the food administrator
feeling against enhancing food values
and the practical closing of the cot
Z tonseed oil market to the public. Pres.
~. p. Griffin stated, however, that
there was nothing significant in the
conference, that he frequently meets
oficials of the federal ONCE and in
the last few months has been keeping
that the food administration is trying
20 establish $40 hogs and 81 corn was
also factor in depressing values.
Speculative trading In cottonseed
oil for any delivery either by the
trade or outside interest is prohibited.
Hedge selling for protection against
seed purchases, or sales OF refined oil
against purchases of crude oil, or
purchases by consumers or exporters
are permissible, but such operations
will be confined TO legitimate trade
interests only and must be OF the
smallest possible proportions consist
action was taken BY New York prod
uce exchange officials following a con-
ference with Mr.. Hoover, and IL this
does not serve the purpose more
drastic measures will be taken.
"The tremendous crop of corn in the
south. and the insistent reports that
considerable OF the surplus from that
gsection OF the country will move
snorthward, is creating the opinion in
well posted circles that there will be
more corn here for delivery on De-
eember contracts than heretofore in
dicated." say Logan q Bryan. I'VE
also believe that Notwithstanding
large export sales of oats this feature
alone will not be able to sustain the
market, aa the crop Is so enormous.
s Canadian visible supply of wheat
decreased l,0T3,OO0 bushels last week,
while oats decreased $4,000 bushels.
Compare tive totals follow:
This week. Last wk. Last yr.
Wheat :. s,4ll,ooo I,5sa,000 1910, 100
Barley $4,000 $4,000 1850 600
az Al message from ST. Louis said that
A party seventy-dve miles west OF
s00. 600 bushels corn in his territory
for December delivery at "a per blu.