The aegis & intelligencer. [volume] (Bel Air, Md.) 1864-1923, 1871-11-10
HOLDING BACK FOR A Rise IN THE MAR
KET.

A Pennsylvania correspondent, himself
a farmer, and an active, thoughtful man,
read with surprise our advice to agricultu,
raj producers to sell their crops as soon as
ready for market without regard to the
current price. "Are the seasons so regular"
he asks, that they require no balance wheel ?
And what better check is there for the
Specializing produce ring than fives, tens,
fitties and thousands in the producers
hands ready for delivery when the price
shall be higher ?" All this seems plush
BILE, but is not sound political economy ;
and experience shows that it does not work
rs anticipated for the benefit of producers.
One season is more prolific than another
but artificial balance wheels never regulate
the working of natures machinery. When
man makes an engine, it needs such an ap-
peDdage; but nature whose minutest laws
come from the Almighty's hand, requires
no such mechanical continuance and fur
nishes her own correctives. The holding
back by farmers, who think themselves
shrewd in his reservation, instead ofcheck-
ing 'only plays into its hands. The spec
ulators buy up all they can carry and then
put up prices The farmers who have not
sold felicitate themselves and keep their
granaries locked. The ring chuckles at
this and profits by it.
At last the highest point is reached, and
then the turn comes; then all the reserved
lots come out at once breaking down the
market, and the holders do not get as much
often as they might on the day their pro-
duce was ready for market. Or if any of
them do then realize q little more they have
only checked the consumption by aiding
the spectators, and the average prices will
be enough lower another season to make
up the difference. Natures compensations
work infallibly if left to themselves. A
small crop reduces the surplus, puts up pri-
ces and checks consumption. 1t leads also
to increased production. The larger yield,
when it comes, if thrown upon the market,
leads to lower prices and increased con-
sumption, thus clearing away the accumu-
lation of another year.
We advised manufacturer to sell his
goods at the current market price as long
as there was demand for them. His old
plan was to hoard them and try the dodge
OF feeding the market only when prices
were up; he had made some lucky hits,
but in the long run no average profit. He
tried our suggestion, and now often speaks
VI IL do Ile louuudGlOu Vi HIS IOTCuQc.
A wool grower had been experimenting
with the market for years. Nothing from
the farmers is so easily boarded with so
little damage or waste as wool, and yet he
found that somehow, watch as carefully and
manage as adroitly as he would, nearly all
the high prices went into the pockets of
the spectators, and his hits at high rates
did not pay him for the trouble, care and
suspense. 1t seemed easy in theory. He
had only to wait until the price had ad-
vanced and then sell out. But thousands
of other eyes were watching too, and his
time was their time also; so that he could
never sell at flood tide
He came finally to sell his crop as soon
as it was ready for the market and he COM
pared prices recently with sharp neighbor
who had been one of the "watchers," show
ing an average for seven years of one and
three-quarter cents per pound over the 9TH
err, without reckoning the loss of interest
was almost as much more. 1t is no puzzle
to those who are behind the scenes, but as
plain as the simplest rule in arithmetic
We will guarantee success for it if strictly
followed through for years.-N. Y Journal
of Commerce.