The Somerset herald. [volume] (Somerset, Pa.) 1870-1936, 1891-07-29

ST. PsuL. MiBn July zs.-A gigantic
scheme to sooruer the entire wheat crDp Q.
the whole county has ben devised bg ths
Ieaders Of the Farmer Alliance Of ;hs
United siaiss. lfshe plan sUccesds tke nosl
siupendous Trust Of the sge Eil be fornasd-
and the pEice Of Tbeaf wiz Be- forced up 70
an unparalleled figure
The sebe-1e involves 51ssooo Gee bushels Of
wheat and Is simply &c hold back the great
er part Of thss unfiI hunger corDpels fhs con
suners Of the world 10 pay the eEo-noGs
price demanded Circul4rs have already
been issued By the Alliance to 5000 Esrnl-
ers sincs the beginning Of .he month, and
$4,000 more VII be sent ont this WEEK
Before the month IS out oFer 10000 Of
sslese circulars viii have been Sown broad
cass over the land
The Alliance leaders have BEFORE this de
MED that they were trying to form Wheat
Trust. but their eirenizr is q powerful refs
,siion Of their deniAis. At the same time
these Alliance prophets have been preiiclinz
rise in the prize Of whezf. and hsve been ad-
Tising influential farmers in all sections OF
the country TO hold back their crops until
fall or early winter, in order TO secure the
benefit Of this predicted advance.
Amer proving that the wheat crop in the
United States IS going 10 bs enormous this
year, the willy Alliance leaders have pointed
out the fact in their circular that the crup
in Europe has been great failure. Il is e1-
pected that farmers viii listen TO the siren
song that the wheat shzrps are singing, and
make lev and small shipments until late in
the season.
The circular, which was issaed by tbe
Alliances prss bureau IS an Official doc1-
nens, reads in part as follows:
IN 1854 st harvest time the condition Of
winter wheat WAS reported IS s. and Of
sprisg wheat az % This year the condition
OF winter wheat Is $50 and that Of spring
wheat % :. or about 81 per cent less than
the final report Of 1854
a As the harvest OF 1854, the largest We
ever had, was 512Oo0.0Oo Bushels. the last
Government report would indicate crop Of
4a4. .0o0, coo bushels. say 5oo.eo0,oo0 in round
numbers
The home consumption has increased
with the population and Is certainly over
100000 bushels, probably S5e.Ocsooo,
which leaves Us 1900. GO tor export
During the last ten years We exported
~ COS, 600 bushels yearly in average, Of
which Europe received l07,oo0.Ooo, and the
West Indies and South America 2o,c00, COZ
This year We may have i3 10000 more 10
spare, which, however. viii 90 to South
America On account Of the reciprocity treat
ies. and Earope viii receive the average
quantity Of about si07, 10000 bushels and
no more. as we have no reserves TO draw
upon
rHE CROP xusr BE "ooEsERED-'
This would make both ends meet there
If Europe had s good average crop bat
Europe has not good average crop; in fact,
it has the worst crop failure OF the century.
That the crop disaster IS not local or
moderate or exaggerated can be clearly seen
by the action Of the different governments.
Russia appointed commission TO investi-
gate the crop damages, which reported wheat
Il per cent below the average and rye much
worse.
There viii Be very few, indeed, unwil-
ling to hold OF to see what viii become OF
this move, a in view of the situation prices
! could never De lower; bat even If one-hali
or more Of the farmers should be persuaded
BY the arguments Of railroad and elevator
men to rush their wheat into the market
/ the result would be the same, f0r If a con-
siderable number Of those who are in the
habit Of marketing early hold back little
while, the farmers deliveries would fall
short Of the requirements, and the effect
would be the same as IL no wheat had 5sen
brought in al all
There is, however, little danger that any
considerable number OF farmers could be
induced to Dlarket their produc. in hot haste
Al present prices, as resolutions adopted y
know their enemies.
The American farmer Is intelligent
enough 10 know that whoeTer markets his
products late in q year Ike this receives the
best prices, and there is really no danger
that many viii show enough sympathy with
the Spectator to come TO his rescue
RESULT or THE Trust.
The figures touching upon the crops Of
this country and Europe are based upon
official estimates derived from the Agricul-
turAl Department. The present prioe Of
whesi is so low that il seems highly prob
able the farmers viii keep back their wheat
for q bigger figure
This Wheat Trust viii thus not only affect
the farmers themselves bat VIII push up the
price Of -four the world over and make itself
felt from San Francisco to ST. Petersburg.