Shepherdstown register. [volume] (Shepherdstown, Va. [W. Va.]) 1849-1955, 1891-09-18
wbe,, n no to q Dollar and A-HaK.

| Minnesota and North ana SOutH la
kota have resolved upon another at
tempt to stop the tremendous flow OF
wheat to the markets. The receipts
in Minneapolis and Duluth for the
last week have run from 800 to 1,5OC
cars every day. At this rate the AL
lance people assert that the 100,
900 bushels Of wheat in the No. l hard
belt will be out of the farmers hands
before January 1, and their haste will
drive the price back to eighty .nts.
The Alliance, therefore, last Monday
began the mailing from its headquar-
tiers of million of letters to the
farmers, calling halt along the line.
| The letter states the new Wheat
| Growers Association and the Alliance
secretaries all over the country are
unanimous that wheat is bound to
sell as high as $3.50, and possibly 81
per bushel, and they are unanimous
in this warming to the farmers not to
sacrifice their wheat and give the
spectators all the profit there is in it.
The letter says the crop lis being great
ly overestimated by the newspapers
and grain dealers, and continues:
I'VE do not believe a majority OF the
farmers are foolish enough to CO.
operate with the spectators TO de-
press prices further. There is no
question but prices will take Il turn
upward in few days. The shortage
IN Europe can now be figured with &C
curacy About u week ago con
gress of grain dealers from all parts
OF Europe met at Vienna, Austria,
and computed figures about the crops
in Europe These figures are the
highest which well-informed, repu-
table men could furnish, for If, in a
famine year like this, they should
give for the crop OF any one country
lower figures than circumstances jus
titled, the government Of that country
would certainly demonstrate. 1t ID
surely the policy Of Europeans not to
exaggerate their disaster The figures
of the Vienna congress show that Eu-
rope raised 25S, 100000 bushels Of
wheat and 400, 900, 900 bushels of rye
less than last year. Last year it con
sumed all of its own wheat crop and
at least 80, 000,00 Of reserves, 100, 000,-
600 bushels imported from America,
all that other countries could supply,
and all its rye crop. This year it will
have from America 100, 1000, 900 bushe els
more than last, if we take the ex-
IRENE figures which any reputable
authorities has made for our really
splendid crop. 1t will have, as usual
what other countries supply, which Is
insignificant, but it will have 74S, OOO,-
900 bushels less Of its own crop and
sc, 900, 900 bushels less to be drawn
from reserves. In short, it will have
100 600, 900 bushels extra from America
to make up deficiency of 79S, 900, 600,
and must, consequently, eat CTS, O00,-
600 bushels less grain.
Rye being dearer in Europe than
wheat, the latter becomes substitute,
and is equally affected by deficiency
in rye or wheat supply. When it is
entirely certain that Europeans will
have to economic in bread to the ex-
tent Of 67S, 900, 600 bushels, and when
the situation is aggravated by the
part failure OF the potato crop, it is to
be considered what prices they will
pay for American wheat. The short
age in Europe being four times as
large rs the American surplus, there
is no doubt that the price of wheat
will reach the highest figure ever
known before this year is up.
THE talk that 81 wheat in Chicago
is high price under present circum-
stances is absolutely idiotic, for the
average price in England being e1.4l,
no one in Europe dares to put wheat
81 cents below an average price this
year. Wheat will soon be over $50,
no matter how much farmers and
spectators work together to keep
prices down, and we would advise
those who can comprehend the situa-
ton to hold their wheat for $3.50, and
add, for every month they keep it,
Gya cants m the nrice Hold VOur
wheat. You cannot get left