Yankton daily press and Dakotaian. (Yankton, Dakota Territory [S.D.]) 1875-1875, 1875-08-25

now, for the price ia high, md 1t will sure
II fall Avail. yourselves of the golden op.
.portdnity while yet there is time. / offer
you more thanit u going to be worth by
and BY. And yet this man is speculator
and comes into odr midst to make money
from the purchase. and sale OF Dakota
grain. Isn't there something which par
takes of transparency in position Of this
sort? , -
Mr.: Barber probably did otfintend to
.relegate to himself compliment in his
bold announcement Of the mistake y
made in Walkers circular, yet he has mad
yertcntly fallen into it.. He says thai, Walk.
cr's circular is the most reliable in the
world, and then proceeds to inform us and
the public that Walkers circular is wrong.
But that is matter Tor Mr., Walker and
Mr.. Barber to settle between themselves.
We1quoted from the circular Of The former,
and we trust that Mr. Barber will.excusc
US for still basing our belief upon the rcli..
ability of its statements. Wchavc not held
and do not now hold it to be the imperative
duty Of producers to keep their grain for
time: But We think thc!circumstanccs will
warrant them in retaining that which is
left after enough has been disposed Of to
pay their debts and supply their immediate
wants. circumstances mean the
facts and statistics which have been indus
triously gathered from oil quarters of the
producing world, and condensed and tabu-
lated as basis from which to calculate
probabilities. We cannot prophcsy what
the future may bring forth no more than
can Mr. Barber or any other human being,
but We claim for our efforts disintcrcstcd-
ness which frees us from all prejudice in
the premises. The circular referred to Gts
issue either Of the last Of July or the first
of AugusD says thatth present crop in the
United States is only sufficient for home
consumption and for next years seed. 1t
says further that Great Britain will require
an importation of 90,0OO,O0O bushels, and
that the cropis short in the other grain pro
ducing regions of Europe. And not alone
fs the exchange circular, in this conclusion.
'Thcssame result has attended the computa.
tons Of Eothcr rdiaUe parties.
Mr.. Barber in the above communication
gives publicity to the startling discovery
that the editors of this paper are possessed
Of total ignorance, and that INC 1r1all VINO
says Dakota wheat win generally inspect as
Milwaukee No. 1, wilfuly perverts facts.
In palmer words. we can neither read nor
reason upon this subject, and Sthc Milwau,
kee man is liar Surely our Statements
must have touched the soul of hispockct
else he would not cry out with the agony
of one who hus received II mort;ti- -httrtsz
But he has seen wheat which will inspect
Chicago No So has eyerybody. There
tore the Milwaukee man has perverted.
facts" He is also convinced that Dakota
wheat will not average better than Chicago
No. 2. Consequently it becomes him TO
announce that the Milwaukee man is de
cciving people. Is the bare statement Of
Mr. Barber entitled to any more weight
than the written offer otsa milwaukee, firm? !?
Between the two we should incline to the
latter, for we have personal ac
quain.ance with the house, and know
of its reliability. 1t is conceded
by the producers Of the lake region
that the Milwaukee market gives grain a
fair inspection and grades it according to
its merits, while Chicago adopts an oppo.
site course. 1t is therefore possible that
Dakota wheat would not grade higher than
No. 2 in the hands Of Chicago dealers, and
that is of itself a.strong argument against
letting it go into Chicago elevators. This
subject of a grade for wheat may alarm Mr..
Barber, and it may not Atany rate some:
thing ails him, for he accuses us, in this
competition, of making fictitious, represcn-
tations," and that indicates some sort OF a
violent mental disturbance. For instance
to suppose case and show how buyer
might he frightened, We will say that the
price Of wheat in this market is regulated
by the lake shore quotations on the No z
Il kluuC: ~ 10 40 PEI OuSuSA ~ uAiAWAohSS
on certain day. On that quotation wheat
will sell in Yankton forabout eighty cents
1t is bought for that though the aueta,ieH
for No. on the same day is !. % per bush
el. Now we will suppose that the whea
bought here for eighty cents per bushe
(the price being based upon tho quotation
for No. 2I is taken to Milwaukee, thcr,
graded as No. l and sold for 1.2s
per bushcl. The Jditlerencc would
4 give the shipper handsome
margin. It. is possible that thcs
suppositions may scrystaiize into facts ]
our obstreperous correspondent continue:
to show the public how little we know
and how much he knows Stranger thing
have occurred, and even SO modest an indi
vidual as the editor Of newspaper out her
upon the frontier may be able TO gather
little Of the light of intelligence with whic
to illuminate his subject.
!