The midland journal. (Rising Sun, Md.) 1885-1947, 1891-08-07
wheat $50 q Bushel.

| JOu llhC W AChO tuC dDONC
quotation again in the price current, farm
ers? The probabilities are very strong Of
that pleasure being realized before next
May, and our ADVICE IS 10 farmers to cease
selling-rather sacrificing their wheat at
the present low prices which have been
made by bear spectators. Hold your wheat
for the prospect is good for $3.50 per
bushel.
| 1t is fact ascertained beyond doubt
that the wheat crop of Europe is the shortest
crop, the greatest crop failure that has oc-
Cured in century. The United States Of
all the world is the only country that has a
good wheat crop, and our surplus will not
amount to more than 140 million bushels.
A circular is being issued TO farmers eman-
ating from reliable source from which we
make the following extract, recommending
all Alliances to pass resolutions similar to
this:
Resolve for instance that in view Of the
condition of the worlds crops a minimum
price of $135 for wheat in New York is
moderate and conservative, and that mem
bers Of yonr organization pledge themselves
not to market their wheat at lower prices
unless they are under contract and that they
will use their best efforts with friends and
neighbors outside.
Resolve also that the State Alliances form
committee, which shall keep itself posted
about the state of the worlds markets and
| from time to time notify the farmers of
al II.
the minimum prices that they may reason
ably insist upon.
| We will give you our reason for arriving
at this figure. The prices of wheat are
really TO be measured by the English mar
namely, to the extent of IA millions yearly
average. The prices for the last seven
years were entirely abnormal, as 1884 Great
ed an unwieldy surplus whicbywas kept up
and increased by several extra good crops.
This surplus being entirely used up, it is
perfectly natural that wheat should return
to the usual prices.
The average price of wheat in England
during the twenty years preceding was
AS per bushel.
Several years it rose over $500 per
bushel.
| In this year of crop failure, far worse than
any that occurred during these twenty
years, it cannot be extravagant to expect at
least the average price of that period.
A price Of 81. 35 at New York corresponds
with $1.45 in England as the expense Of
transferring bushel of wheat to Liverpool
or London is not more than ten cents.
i New York, Baltimore, Boston and Phila-
delphia should have about the same price.
Chicago about ten cents lower, say $1.25.
Minneapolis, Duluth and St. Louis $l.23.
| Toledo, Detroit and Cincinnati $I.28.
These prices would all be about in pro-
portion 10 price of$l.45 in Liverpool.
To get at the corresponding value Of a
bushel of wheat at your nearest railroad
station, you deduct from the price of wheat
at the city to which your wheat generally
goes, the cost of transportation betwe n
your station ard that city, and three cents
more for commission and handling.
i For example, If your wheat usually goes
to st. Louis, and you find that il costs eight
cents freight to get it there, deduct eleven
cents for freight, commission, etc., from the
price of 81. %, as given above, which leaves
you $112 at the station.
In regard to this communication, we
want it distinctly understood, that we do
not advise you to sell yonr wheat at above
prices, which are based upon average prices
of the English market only.
We simply furnish you reliable figures
which we think should suggest TO you, that
it would be folly to sell your wheat for less
than those prices.
] The price of 81 As in England, which is
| the average for twenty years will probably
prove TO be less than an average price for
the next twenty years. as the steady increase
of population is an offset for greater facil-
| tiles in farming.
But considering the immense shortage Of
| this year. no average price would be adc-
quate to the situation, and il we were the
owner of wheat We would hold it Tor much
higher price.
| Sell sparingly, even when much better
prices are offered 10 you than those suggests
ed above, and you will see steady advance
to the end Of the crop year.
| Our advice TO Alliances and Oranges is to
pass resolutions embodying the above sug-
gestions and information and urge farmers
to hold their wheat for higher prices which
they are sure to realize if they use common
business sense. The spectators wind
wheat crop is being sold at low prices, with
the expectation that il will govern the
farmers wheat, bat if the farmers will hold
their crops it will soon be found that the
wind wheat will not make bread. Hold
your wheat, farmers, and realize $l.50 a
bushe,