| Show Wheat Gamblers Full Pal nil Out list OnCe New e York Sept Sept 6 The Journal Joural of Comm Commerce says Interest In the pro proposed posed addition additon to the grades rade of wheat In order to tt make more difficult the Uie to cor con cornering nering of or grain gaIn In this market maket Is II at nt attracting attracting much attention In local loa grain circles circle The meeting of the trade to tobe tobe tobe be held on September 9 will 1 It Is la ex ox ext e t be an excited one ene as the com committee ro committee themselves hes are ar divided divide rind Md the members of the trade trad art are tanking taking subs sides The question queto at nt Issue Isue Is whether No 2 nan winter Inter wheat shall Ihal become bome de deliverable bit on exactly the same came basis baMs as aso No o 2 red Ie w Inter winter and No 0 1 hard north northern northera era ern m spring or whether it I shall be b deU deliverable enable erable on en exactly lct tho the same Mie basis as No o ort 2 red real rt winter anti and an No 0 1 hard har northern spring or whether It shall b b be deliverable enable erable at It a discount dl of 2 cents per bushel In the price pric The majority pr of the tho committee favor the discount but there Is a strong minority In favor of equality In delivery The point 1 Int made mado by b th the committee Is II that with such uch large lare supplies of ot deliverable wheat to draw drw from corners will 1 be b too 10 risky and will wi not be attempted Mr If Henry Henr B D Hebert a I member r of ot the committee Is particularly favor favorAble flor Able sable to the utica Idea of at Including No Nohar 2 hard har winter wheat In contract grades grade gle gleon on tho the aine caine terms tenni u as a No 0 2 red rd Inter wInter or No 2 hard harr spring In other words without tho the discount Mr Mi r D Van ni another member of or the tho committee also favored the In Inclusion elusIon clu lon of ot No 3 hard hart winter wheat In Now New NI York contract grades without any MY discount This No o 2 hard winter win tor wheat he ho said Is la the wheat grown grow In tho the Southwest particularly In und and Oklahoma and to some fomo extent In Texas It I Is la becoming n a 1 larger of the crop every year or ar and will wil this year y ar amount to something like or bushels H It I Is 11 becoming the surplus winter wheat The old ohl states from which we used usell to get ot No 2 roth red rel such tuch for tor Instance as IS Illinois Indiana Ohio Pennsylvania and New Now York Yok have hoe be become become become come so 80 thickly populated that they almost consume nil all 11 their home grown wheat except In cases caSel of special large crops This tends to eliminate No 2 red winter wheat from our contracts BO Ito 10 that under current conditions most roost contracts are url filled by b No 1 I northern spring wheat The Tho committee propose e eto to make No 2 hard winter a good gl de delivery delivery livery on contract So far tor nu an lS the tho In Intrinsic lc value of this wheat Is 18 con can concerned corned In comparison with No 2 red winter It has hus sold old on this crop nt at n t n R premium over oer No 2 red rol during almost the entire entro life of at the crop Is II now selling Felling nt at II a n trifling discount dl count The Tho Eu European El European ro an markets and practically all al the continent have haxo n u preference for tor No 2 hard hall winter over oer No 2 red rod almost nil al the time hue The No 2 hart hard winter par partakes takes very ety much of or the tho picture nature of or the tho Northwestern spring wheat and amid large quantities of ot It irene hist year made mlle In Into into to 10 Hour Ilour lour by b the tho Minneapolis and ami North Northwestern Northwestern western millers In combination with Northwestern Northwester spring wheat |
