Telegram-herald., 1889-10-13
TheObServer


whsat Fisur, IsoA aaa stssI-
Tne Wheat GfoBers' are 20 held
convention st -. Lous, No, on tie
Isl Of tbs month. 10 see wbat can b.
done % make wheat growing more
profitable. TINS Is perfectly leg inmate
and cCmmeadable. ouE Il = = f0regone
conclusion that mllers Will be de-
n0Qncet as the ouly obstacle Ia tie
way u tie farmer receiving dollar
and more per busAel for L-s wheat.
The m-leFs aud the grain mea get q
from tho farmer for making bread
cheap. and from the lSbor.ng men Tor
making .t dear. What combination
~ consistency Ia the human being. II
the -. LoWs convention would only
90 into the question without prejudice,
examine the condition OF business and
markets carefully, without haste OF
anger, they may hnd that neither mil
lers nor gram dealers are 10 blame for
the low price Of wheat the past few
years, but certain other thing yariously
named, such as supply and demand,
cause and effect, laws OF trade, over
production by the raiser Of wheat and
maker OF flour have everything 10 DO
with the price OF wheat as well as al
other things. IL would be lar better
for the miller II wheat was from 81 10
-, as this would raise the price OF
-four. 1t takes no more men nor moro
revolutions of the machinery wheels to
run through a g bushel of wheat than
It does IS cent bushel. The mIliers
are prosperous when wheat is high, but
never when low.
II seems As though the deal of the
British syndicate VINO came 10 THIS
country for the purpose OF purchasing
| the Pllsbury and Washburn mills at
Minneapolis IS not yet a sure sale,
nor declared of, though the reported
sale of the Plllsburv mill and elevator
property has been denied. The general
belief Is that the syndicate Will
eventually gather N both properties.
The purchasing committee con-
summated several deals; theywent 'nto
| the Northwest and from there 70
have made several purchases. The
manner IN which these foreigners
| eyaded the law of Illinois, prohibiting
aliens from holding real estate, Is SAID
to be unique. They simply required
! the parties owning the properties 70 IN
corporate, where the business was not
already IN the formof n stock company,
and then the stock was transferred,
which Is personal property, and the
object attained with great sickness and
| dispatch.
The Grain Inspection Committee of
! the Merchants Exchange. of Buffalo.
! has abolished the grade of extra hard
Duluth wheat, and hereafter all re-
| ceipts OF wheat containing over - per
cent. Scotch fife will be graded As No.
| | hard.
All markets opened firm yesterday,
and an increased demand for flour for
| the foreign countries was felt.
Therear rumOrs Of considerable wheat
taken fOreXpOrt TO the United Kingdom.
The Minneapolis market opened with
sales of 7Sf cents, but 80 cents was
| quickly obtained, and as outside mar
! kets became stronger. prices were car
| rleu up 10 iSt cents, with large SdieS TO-
ward the close. Cash wheat was in
! good demand for first grades. Some
was sold for from 73 TO % cents. But
little demand for low grades, and no
advance IN price. Chicago was active
and large lines reported bought by
strong parties. The December option
reached s. cents twice. but could rot
he held there. although at the close
was firm at So 10 50 cents.
Official confirmation has been gwen
of the reported failure of the Russian
wheat crop. This means better prices
for American wheat and -four, and as
the crop in the Northwest is reported
| good, il means much. In truth. many
| items of news coming from across the
waters, such As advancing prices of
iron. steel and WOODEN goods, speak Of
good times coming, and that very soon.
| We feel II in the air. Keen up good
courage. We citizens of the Valley; use
| good judgment and make the best of
your time and opportunities during the
next two years.