St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1891-09-30
THIRD BULL CIRCULAR
The Hold Your Wheat Series
Receives an Interesting
Addition.
Serious Charges Against the
Elevators in Shipping Old
Wheat.
A Fine Distinction Drawn Be-
tween Real and Statisti-
cal Grain.
The State Says 1t Is Positive
to Now Say 81 Told You
So"


will surely be amply repaid for any
effort it may cost them.
AT least this is the claim of the State,
the Farmers Alliance organ, published
in this city, and Is the substance of an
other "hold your wheat" circular.
This new letter of advice takes up the
wheat situation where the previous one
left it, and on the basis of complete and
reliable reports from all parts of the
country sets up the claim that there is
great danger of this country exporting
too much wheat.
To prevent this and at the same time
force UP the price Of wheat the new cir
cular again reiterates with emphasis:
Farmers. hold your wheat"
A representative of the GLOBE learn
ing that a new "bull'' circular was in
the course Of preparation, last evening
called upon Editor George Nj. Muller at
his office and asked for q confirmation
OF denial of the rumor. Mr.. Muller
looked puzzled for moment, as if sur
prised that such report had gone out,
and then SAID:
Charges Elevator Frauds.
Eyes, we are about issuing another circular
of information on the wheat question. we
have now comp leted our canvass of the
vheaUgrOwing section of the country and
from the reports submitted have no DOUBT of
the success of our movement to secure full
value for the greater portion OF this years
crop;
We do not look for large farmers deliver
les III the near future as the weak ones have
nearly unloaded. Much wheat has gone into
the visible supply, and. in fact into CON
sumption and abroad. which has never been
sold by the farmers. Many country elevators
have sold stored stock with the expectation
OF replacing it, and some of their representa-
tlves have been buying wheat in Minneap oils
to cover the stock sold. The in
crease in country elevators is n
sham in many cases. and represents
what they should have and not what they
actually have IN stock. Deliveries will cease
| unless prices materially advance, and the
! elevator people need TO be cautious about
selling aud forwarding wheat left Tor stor-
age
| the price of wheat:"
Our work has been done much more thor
| oughly than spectators imagine. We have
! the best knowledge possible to be obtained,
| and are not combining our work to printers
| ink, but by the personal efforts Of influential
! men, who report to the Office of the State.
THE new circular will be supplemented
| by large edition of the State said Mr..
! Muller In conclusion
| A copy OF the new circular, which
will not be ready for distribution before
| Friday of this week, was obtained in
proof, or rather that portion of it which
| had reached that period of its existence,
and the balance the GLOBE man iotted
! down from the original copy. After re-
| viewing the situation the circular eX-
! plains that an increase in the price of
wheat VIII not cause a larger advance
| in the price of the wOrkingman's bread.
| This is done because the paper publish
| ing these circulars poses as the organ
| OF both the farmers and workingmen of
the cities. The circular follows:
The New Circular.
| In estimating our crop we have nothing
tangible but the government papers. 1t is
| stated that the figures of these official dOcu-
| ments are always below the reality, and that
| they are so this year; bat, as the method of
! making this report III regard TO acreage and
| percentage of condition has not changed. it
! is not material whether it is over or under
estimating the crop, as in either case it
! serves for comparison with other years.
! To please those who object to The govern
| ment report We will call the estimated bush.
! els statistical bushels
During the ten years from 1880 to 1890 we
| raised 4,4g7, 100000 statistical bushels of
| wheat, of which we exported 1,26S, 900
! real bushels, aud consequently consumed
| 1920 600 bushels at home.
Our population in 1850 was 80 155, 7s3 and
in 1890, g., 622, $50. an average of56O00000 peo-
| pie during the ten years.
| We have now 64000000 population. If
| 56,OO0.0OO people consumed 3,229 100000 sta
! tlstical bushels in ten years 64,000000 people
| will consume 369 600 900 bushels in one year
| The government report gives the acreage
| as large as that OF the year 1884, and says that
! the percentage of condition is little below
| 1884 consequently the total yield in statistical
/ bushels must be little less than the crop of
! 1884 which was 5l2, 900 statistical bushels.
| No one has therefore, any reason to sup
| pose that our crop is more than 512, 100000
| statistical bushels, of which we surely con
| sumo 3690)0,000 leaving for export 10000 900
| real bushels, according to the experience OF
| other years.
| In other words we raise 52,00O0,00O bushels
more than the average of the ten years be-
| tween 1S80-ls90, which counted in many
| enormous crops, but we consume 100000
| more, and have consequently only 100000
| bushels more to spare.
With the exception of three years. our crops
| from 1880 to 1890 were exceedingly large
! and TO increase 62,00O,000 bushels over their
! average is something SO extraordinary that
| we need not look for anything better.
| There is certainly no sense in comparing
! our present year with otheAs by taking arbi
| trary figures for this year and the figures of
| the government report for others If the
J government estimates are too low, it would
| only prove that the home consumption is
| larger, but not our export capacity.
| We have exported 100000 OF our new
| crop, and have 100000 TO spare, for 50, 000,
| 000 of which charters have been made a /
| present We export at the rate of 100000
! bushels a week, and our surplus will be thor
! oughly exhausted if we keep that up till
| Christmas. There is almost a certainty that
| we will Over-eXport because our entire re-
naming exporting capacity is now probably
/ bought by Europeans for future deliveries,
and our people viii be called on, without
doubt, to economic in wheat consumption.
Some papers have criticized our advising
farmers TO hold their wheat because it would
make the bread of our workiugmen too dear.
We think it will benefit the working classes
nearly as much as the farmers.
If we allow our wheat to go out of the
country at any price the Europeans wish to
pay, we will overexpOrt and have high wheat
prices for all of next year without the bene-
fit of great remittances from Europe.
On the other hand if we hold our prices
high, we Will over-eXport also but we will
have much more money coming to US, ana if
we then have kind of wheat famine, we
Will be compensated by an extraordinary
boom in business.
In short, the situation is this: We viii
have extraordinary high wheat prices here
with moderate boom if we sell our wheat
to Europe cheap, or we will have moderately
high prices with sn extraordinary boom if
we hold our wheat for high prices now.
If we succeed in raising the price of cereals
20 the point the situation justides the boom
In business will be unprecedented and the
worKingman will have the benefit of it Ike
every ole else
1t is a mistake to think that bread rises in
proportion TO wheat.
With wheat at 81 a bushel, a five-cent loaf
Of bread weighs one pound in Minneapolis.
a barrel of hOur makes 90 mounds of bread