Jamestown weekly alert. [volume] (Jamestown, Stutsman County, D.T. [N.D.]) 1882-1925, 1890-08-07
TO KEEP DOWN The PRICE.
Elevator Men are Sending Out
Rainbow Reports Of North
western Crop Prospects,
To Bear the Market, Then Buy
Wheat Before the Inevit-
able Advance.
4 Former Kansas Farmer Tells
How to Build Cheap Sod
Granaries.

How to Build Cheap Sod
Granaries.
The Hand ofthe Elevator Men A gain.
The Twin city grain men are working
their time honored tactics to lower the
price OF wheat as much as possible be-
fore the new crop is harvested. Despite
of the facts well known in this state that
the South Dakota crop has been injured
fully, if not more, than half, and that
there are many counties in North Dako-
| ia where the same condition is seen, the
exaggerated reports Of enormous crops
! are persistently sent out to influence the
market. These elevator men have no
conscience and no heart. They are in
power to use the press facilities and do
SO with astounding disregard of truth.
The report of the Chicago wheat market
last Friday from the president of the Mn
neapolis. chamber of commerce, who is also
president OF an elevator company of this
state, says "all the prophets agree that the
wheat crop will be one of the largest
ever harvested and that there is nothing
in the weather condition that should
cause alarm or give rise to pessimlstic
reports. The value of this crop to the
northwest is estimated at S6O.0OO,O0O at
the lowest. The local grain elevator
men are entirely satisfied with the out
look. They are of the opinion that the
hot weather has not done great damage
during the last few days."
The Chicago Business says: The
most influential piece of market news in
circulation today was the press dispatch
from Minneapolis in which the crop of
Minnesota and the Dakotas was estimat-
ed at 10O,0OO,0O0 bushels. The same dis
patch without change appeared in Asso-
ciated press.and United press papers this
morning. and to those who are acquaint-
ed with the processes of gathering news
the circumstance was deemed very pc
culiar. It gave rise to suspicion that
the bulletin was put out as a measure OF
necessity to bolster up the credit Of a t.
nancially distressed country IN the face
of known serious crop damage. The esIl-
mate, which is pronounced false by those
usually considered best posted on the
subject, appears this morning in every
paper of prominence in the United
States, and in the cables of Europe as
we'll, in all probability, and will be
ground out through the dozens of patent
plate concerns into the thousands Of
country publications. 1t is .et gong
just when Dodge is making up his Official
guess on the condition of spring wheat
and appears at an opportune moment to
produce the greatest possible effect on
the public mind. The railroad, land and
business interests of the northwest are
naturally concerned in the outcome of
the wheat crop of that section, and SIT
uation that is sufficiently serious to re.
quire bolstering may not on ANALYSIS be
quite as much Of bear argument on
wheat as good many people now think.
Within the past two weeks the hot
weather has, beyond doubt, seriously in
jured much of the crop of the Dakotas.
The quality will be affected as we'll as
yield. This will give the elevators the
desired opportunity to exercise all the
devices 40 we'll known to lower grades
and prices by combination Well posted
grain men in Chicago are confident that
wheat will sell for s1.00 bushel in
North Dakota this fall or winter, in spite
of short fluctuations, and before another
crop, for s1.5O bushel. Farmers will
see the necessity of holding in their own
houses, barns, granaries and wherever
theyecan every bushel of wheat that the
mortgage does not take. The elevators
will only buy it for cash the lowest
they can get it for.
1t was stated before the English
millers convention hat the worlds sup
ply would be SO,O0O,00O bushels short
this year. New Zealand has no wheat for
export and the Australian crop is below
expectations, while the rlse in silver
makes the India crop less of factor
than it has been for some time and
promises to remove from calculations the
Importance this crop has had in the past
IN the estimate Of the worlds supply and
in figuring on the prices for the future.
The United States will probably have
none to export in 1890. The rapid in
crease IN our own population within the
last ten years accounts for the enormous
increase in home consumption-estimat-
ed at 1O,OOO,0OO bushels additional each
year. A conservative estimate now
places the yield of: Minnesota and the
two Dakotas at 75,OOO,OOO.
Build Sod Granaries.
A former Kansas farmer recommends
the following cheap plan for the North