The Canton advocate. [volume] (Canton, D.T. [S.D.]) 1877-1897, 1877-08-22
VOL. ] IL.
How Much?

|
could have expected, the producer con
suits the market quotations with an unu
sual anxiety, in response to the question
How much shall we get for our wheat
this falls Demand and scarcity, O
course tend to increase the price of
commodity, and the converse is true, tina,
no demand and abundance decreases thu
value or market offer. A home demand
beyond what Is needed for our own con
sumption, is out of the question, for but
very few crops ever exceeded that of this
year throughout the United States. North
West and South, sends up the glad cry
and shout of thanks, for the almost mar
vellous frultfulness that has rewarded the
labor of the husbandmen Some writer
has estimated that six States, of the whoa,
growing States alone, will or has produc.
ed C0,000,O00 bushels Of wheat, which Of
itself is sufficient for home consumption
Dakota has a large surplus to dispose of
and in fact throughout the entire Unior
there has been grown and harvester ar
immense crop. This being so and no
home demand possible to arise, the for
eign want alone must regulate our tariff,
and in spite Of opr desire to realize, the
supply that will be needed abroad will be
the dictator to the American producer.-
Europe also has a large crop and were
there no war Icing waged, it would need
no import to supply their home demand.
Hence, the only demand that can possibly
arise for our large Surplus, would be
through the possibility Of u continuance
of the present war between Russia and
Turkey or a general outbreak. Neither
Of the above now seem probable. The
campaign for the year is nearly over, and
which ever is victorious. Turk or Russian,
the end Of That conflict, if not this year,
will doubtless occur early next season :;
and it is thought by some of our f.r.sae.
ing writer's that humanity will sool
prompt An intervention by the powers for
4 cessation Of what has prcvel one Of the
most horrid strifes that civilized na;i,as
have ever conducted. It is certaialy co:n-
ing to that point that we tpuchaI upna
some time since, when we allule l t. the
"secret dcsire' of the producer that tha
war might be p,otracted. That is, saoull
peace be declared and hostilities cease, 80
that the masses of soldiers now engaged
in the armies OF the east, could return to
their homes before another seasons wc......
should commence, then the only probable
cause for foreign imports Of surplus prod
ucts would be removed. Humanity wishes
prays, and wants the war to cease upon
the principle that voidable war is al
ways wrcng and unjustifable: The spec
ulative and worldly minded, as long rs
dollars are in the scale, aud they are re-
moved from its sad sights, and unaffected
only favorably in the way of accumula.
tions, naturally wishes anything most to
occur that will bring ducats to his purse
This feeling we know is exceptional aad
not general, but the present state Of af
fairs afford the opportunity TOR its disc.os-
ure and development 1t is impossible to
predict or answer the farmers question
but it certainly now looks as If wheat
must necessarily remain low tor some
time, even perhaps up to the time when
next years crop prospect can be predict.
ed. The quotation of Chicago market al
latest advices are only $l,05 cash, and 81
for August, and SO tor orSeptember delivery,
and the market then was under local
speculative influence; the foreign advices
being unfavorable, and of a character
that induced board of trade men to wan
to sell instead Of buying; money can be
had in abundance for purchasing and
moving the immense crop, but those who
have made this life business, are careful
about purchasing even at the low rates
offered, and feel in fact that low price!
will be the standard.
Could the farmers Of Lincoln county
receive $1.00 q bushel or more in fact, foI
their wheat it would not only bcnea: ,,hs
producer himself, but The entire commn
nifty would be more or less prospered, d:
the dollar that he gets and pays out, pay;
many debt before its travels are ended
The great discount that we are subject
ed to right here, in the sum Of from 10 te
20 cents upon every bushel Of wheat solo
so fur from railroad, IS serious drawback
and in fact loss that will occur as long
as we arc il this isolated coalition; and
when wheat is only IS cents in Chicago
I;he; corresponding reduction here Is se
verely felt by the farmers and all residents
Of this locality.
This great crop has been given US for
purpose; it will not be destroyed, or vast
ed, but the producer will not realize tn
profit that he deserves or that sDneon
Twill make out of it. Most Of the farmer
having surplus, must sell at whateve
figures the market affords. A few doubt
Hess, or those who can, will hold ON hop
ing for better prices, but the bulk OF Lla
coin county grain vii! be marketed lasll'
Of ninety days, as it is the only article t
buy money with we have We nope
however, that prices will prove re',,u;'sr;' .r
tive, and that those who have tolied WI
be satisfactorily recOmpensed.
A general Indication of prosperity aile
so long time Of hardship now prevail
and at all events the good times that seem
beyond doubt, fast approaching, Will ad
/ greatly tnwards encouraging further an
continued improvement and for estat
/ .yx,,