The record-union., 1891-09-15
4" FACTS WORTH MONEY" !"
CIRCULAR ON THE WHEAT QUES-
TION BEING SENT OUT.
Farmers Urged to Hold Back Their
Wheat Crop for Better Prices
in Few Weeks.
Special TO the REcoRp- UNION.

| opeclal 10 tne RECORD-UNION.
| ST. PAUL, Sept. Ii. - ''Facts Worth
! Money! is the heading of a new circular
in relation to the wheat question now be-
| ing sent out by the State, the Alliance or
gan of this city. 1t urges the farmers to
| hold back their wheat, as better prices
| await them in the next few weeks
The assertion is made that wheat will be
81 80 soon, and possibly $2, a review of
the European shortage being made the
| basis of this claim.
George NJ. Miller, editor of the State, in
speaking of this new address to the farm
ers, says: "We still believe a large
amount OF grain viii be he'd back, that
| the rush IS practically over. Our advices
! from thousands of correspondents is to
this effect. These early sales were by
| those distressed for money and who are
not connected with the Alliance"
The circular says: ''rhe farmer needs
| honest advisers. He has now too many
/ of the other kind" It sharply raps tho
elevator men and miIlers, grain dealers
and spectators, and those newspaper
men who go to them for their informa-
ton about the condition of the market,
and lay it as valuable truth before the
| public"
Tie circular continues: "Two months
/
on account of the enormous crops in the
! United States, and advised the farmers to
| sell as soon az they had chance They
admit now, when the question has been
thoroughly ventilated, that an immense
shortage exists in Europe which no sur
| plus OF our country can offset, but still
! they try to tempt the farmers into sacri-
! fclng their crops by different tricks.
The press, for instance, is overfowing
with articles congratulating the farmers
ON the immense crop. These articles are
suspicious, for we hope that few news
| paper men are so ignorant that they do
not know that large crop is of itself no
ground for congratulation. 1t is the
value OF the crop, and this does not de-
! pend on its size. The newspapers now
enlighten the farmers that Europe will
need all they have raised, and more, but
that they cannot buy it at exorbitant
rates."
The circular states that the figures of
the Vienna Congress show that Europe
has raised 5000, 900 bushels of wheat and
49O,0O0,000 bushels of rye less than last
year. Last year it consumed all its own
wheat and 50,000,0G0 of reserve, 100, ,OOO.-
QUO bushels from America, all that the
other countries could supply and all it's
rye crop. This year it will have from
America 220,000,000 bushels, if the ex-
treme figures on our crop is taken. 1t
VIII have an aggregate shortage of 74S,-
GC00OO bushels in its own crop and 90, co.,
GOO bushels less to be drawn from the re-
serve. In short, it will have DO, oCOO
bushels from America to make up total
deficiency of79S, ,000, 600 bushels and must
consequently eat 67S, ,000, 600 bushels less
grain, it being admitted that the shortage
IN European crops is by far the worst
ever known in history. 1t would be nat
ural for Europeans to expect high prices.
THE so-called advisers of the American
farmer" says the circular, 'tell him that
| 81 per bushel in Chicago is about the
highest the Europeans will stand, and
that they would rather eat other things
than pay more for wheat. This assertion
IS ridiculous. The average price for wheat
Tor the last thirty-two years in England
on gold basis was 81 Il per bushel,
which corresponds with 81 q in Chicago
During the eight highest years of that
period the average was 81 774, equal to
81 573 in Chicago. During 1S67-6S the
average was 81 80, and prices went as
high as 81 q, equal to more than s. in Chi
eago. These high prices did not, as far as
the recollection of the writer goes, change
the diet of Europeans to any great ex-
tent. The shortage in Europe being four
times as large as the American surplus.
there is no doubt that the price of wheat
will reach the highest figure ever known
before this year, and will exceed it
by Jar before the new crops come in.u
The talk that one-dollar wheat in Chi
cago is high under the present circum-
stances is absolutely ridiculous. Of
course II the farmers should insist on Of
fering moro wheat than there is money 10
buy they could keep prices down little,
but the warning came in good season to
spring wheat farmers and they will hold
back far better than the spectators ex-
pected. There never was any good reason
Tor having the wheat price so low as it is
to-day. Those who are forced by absolute
necessity to sell, or who are too idiotic to
understand the situation, are not so num-
erous that their action can keep down
prices any length of time. and as soon as
the fools are out of the market the intel
ligent farmers will get prices adequate to
the circumstances"