St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1886-11-01
ssAs TR TRANSPARENT as GLASS"
Republican Papers shown TO be
Liars by Their OWN Utteraaces.

HeDu6flCan papers SRO 10 De
Liars by Their own Utterances.
Mayor Ames has been accused by the
Minneapolis paper in its morning and even
ing issues of sIandering the city, because
ee has had the boldneSS to denOunce the
wheat ring as an agent of injury to the
farmers. The following attack upon this
self-Same wheat ring was published editor
tally in the Evening journal in its editions
Of Sept. and 9:
The grain business of the Northwest is to-
day practically under the control of one OF
the most powerful pools ever organized. Some
weeks ago it was announced that the Millers'
association would be abandoned. It was
abandoned. but two others have arisen to
take its place. If any one imagines that the
result is likely to be in any sense a benefit to
the producer it is to be feared his hopes for
an Improvement in this respect are not TO be
realized. One of these associations is the
Niilers' union. It is apparently a very inno-
cent sort Of combination by which all the mill
lers agree to buy ali their wheat together, at
8 uniform price, by sample, on Change, the
total purchase Of each day to be divided among
the various mills according to their needs.
These purchases are made by two agents OF
the union at prices for
GRADE WHEAT
in store, fixed by committee of three mill
ers The other association is made up of the
elevator companies and local BUYERS, cover
ing the greater part of the territory west and
southwest tributary to Minneapolis. The
hilylng by this association is at uniform
agreed prices quoted daily TO all buyers in the
country from Minneapolis headquarters.
The price is regulated oy the price OF grade
wheat that day, and the millerS' union fixes
the prices Of grade wheat. This all
looks harmless enough But it isn't. In the
frst place there is no more competition be-
=. hppf. ,it.@
in tho field The powerful inducemeRt of
mutual interest and hrot1t is strong enough.
apparently, 10 hold this pool together. They
even go so far as to divide the business
het6een themselves, and If one member of
the association complains hat he is not
cettinE his share the others are ready TO turn
over business to him and even up all around
for the sake of maintaining the pool This
accumulation not only seeks to monopoliZe
the grain business in the territory through
winch il extends, but it has been powerful
enough thus far to add cents to the margin
upon Waichit buys.
Another feature Of the profitable
evstern under which the grain pool is operat-
ingi the advantage gained by buying by
grade in the country and selling by sample
in the market. AS stated in the journal q
few DAYS ago, the grain pool has succeeded in
increasing the margin from cents, the
Azure last year, to cents per buShel. That
qeds cents TO the profit OF handling it, and
c1,ts OF 2 cents from every bushel of every
grade of wheat bought by grade in the terri
tory in which this pool operates. This is
esained to be legitimate pront. Perhaps it
"a. 1t is large enough, however. to hold the
buyers together in
A POWERFUL MONOPOLY
of the graiR-bUying in the country, and pays
so well that no one thus far has carel TO
break 1t. but, on the other hand. the slightest
rom plaint from any member that he is not
citing his share OF the grain results in di-
yerting the stream TO him until he has
caught up and his percentage is full.
AS they say in the play: ut is just as
transparent as glass;" when you once see