Crawford avalanche. (Grayling, Mich.) 1879-19??, 1891-09-24

The Farmers Alliance leaders in Min
nesota and North and South Dakota
have resolved upon another attempt to
stop the tremendous flow OF wheat to
the markets The receipts In Minneap-
oils and Duluth for the last week have
run from 500 to 1900 cars every day,
and the price of December wheat mas
dropped to 00A cents In Minneapolis.
AT this rate of sale and delivery the
Alliance people assert that the $50, 600, :
900 bushels of wheat In the No. ] hard
belt will be out of the farmers hands
before Jan. 1. and their haste will drive
the price back TO so cents. The ALI
ance therefore began the mailing from
its st. Paul headquarters of million OF
letters to the farmers calling a halt all
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 hig / as $l.50 and posi-
bly, 81 per bushel, and they are unani-
nous In this warning to the farmers not
to sacrifice their wheat and give the
spectators all the profit there Is In IL
The letter says the crop Is being greatly
overestimated by the newspapers and
grain dealers, and continues:
ave do not believe majority of the
farmers are foolish enough to cooperate
with the spectators to depress prices
further. There is no question but prices
will take q turn upward The shortage
in Europe can now be figured with
accuracy. About week ago congress
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 reputable men could fur
nish. for. II in a famine vaa- il.. -tiIts
they should give Tor the crop OF any
one country lower figures than circum-
stances justified, the government OF that
country would certainly demonstrate. II
is surely the policy of Europeans not
to exaggerate their disaster. The
figures of the Vienna Congress show
that Europe raised 25s, 600, 900 bushels
OF wheat and 400, 900, 600 bushels OF
rye less than last year. Last year II
consumed all OF its own wheat crop and
at least so, 100000 OF reserves, 1000 =
600 bushels imported from America, al
that other countries could supply, and
all its rye crop. This year It will have
from America 12 100000 bushels more
than last. II we take the extreme figure:
which any reputable authority has made
for our really splendid crop.
at will have as usual what othel
countries supply, which is insignificant,
but 1t will have 74s, 900, 900 bushels less
of its own crop and $1,000, 900 bushels
less to draw from reserves. In short
1t will have 100000, 0OJ bushels extrs
from America to make up defcienc!
eat S S7s. o66i iBbo JaReaaeRs JaRaa REst s consequent!
~Rye being dearef In kurope thar
wheat. the latter becomes substitute
and is equally affected by deficiency IL
rye or wheat supply. When 1t is entirel!
certain that Europeans will have Il
economic In bread TO the extent of 676,
600, O0O bushels, and when the situation
Is aggravated by the partial failure o
the potato crop, it is to be considered
what prices they would pay for Ameri
can wheat The shortage in Europe be
ing four times as large as the American
surplus, there is no doubt that the pric,
OF wheat will reach the highest fgur,
ever known before this year is up ant
will exceed IL by far before the new crop
come in.
-Wheat will soon be over 81. so, no mat
ter how much farmers and speculator
work together to keep prices down, ant
we would advise those who can compre
hend the situation to hold their whea
for 81. so and add for every month the,
keep IL say five cents to the price. HolC
your wheat. You cannot get left"