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 It 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 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
or denial Of the rumOr. Mr.. Muller
looked puzzled for a moment, as if sur
prised that such a report had gone out,
and then said:
Charges Elevator Frauds.
Yes we are about issuing another circular
of information on the wheat question. we
have now completed our canvass of the
wheaIgrowing 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
I'VE 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 farmers elevators
have sold stored stock with the expectation
of replacing it, and some of their representa-
tives have been buying wheat in Minneapo oils
to cover the stock sold. The in
sham in many cases, and represents
what they should have, and not what they
actually have in stock. Deliveries win cease
unless prices materially advance, and the
elevator people need to be cautious about
selling aud forwarding wheat left for stor-
age
what effect have these circulars had upon
| 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, bat by the personal efforts Of influential
! men, who report to the Office of the State.
1.-THE new circular will be supplemented
| by large edition of the State,' said MIR.
| Muller In conclusion.
A CODY of the new circular, which
| 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; but, as the method of
| making this report III regard TO acreage and
| percentage ofcondition has not changed. it
| is not material whether il 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 4,497, 100000 statistical bushels of
wheat, of which we exported 1,26S,000.000
real bushels, and consequently consumed
| 1929, COG, 600 bushels at home.
| Our population in 1850 was 80, 49, s3 and
in 1890 g. 622, $50. an average of coo peo-
| pie during the ten years.
! We have now 64,000000 population. If
1 560OOOO0 people consumed 3.229,OO0,DO0 STA
tIstical bushels in ten years 64,000,000 people
will consume 369 G0000O 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 q little below
1884. consequently the total yield in statistical
| bushels must be a little less than the crop of
1884. which was 5l2, 100000 statistical bushels.
| No one has, therefore, any reason to sup
~ nNr fh.n.n = IA
! statistical bushels, OF which we surely con
sumo 800 000,G00 leaving for export 143, 000, 900
| real bushels, according to the experience OF
| other years.
/ more than the average of the ten years be-
| tween 1S50-1S90 which counted in many
| enormous crops, but we consume 46,OOO.000
| more, and have consequently only 600
| bushels more to spare.
! With the exception of three years. our crops
| from 1880 to 1890 were exceedingly large,
| and 10 increase 6200O.O0O 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 othees by taking arbi
| trary figures for this year and the figures of
! the government report for others. II the
| 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 % 000000 to spare. for so 090,-
1
| present. We export at the rate of 100000
/ bushels 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 will be called on, without
| doubt, to economic in wheat consum ption.
| Some papers have criticized our advising
! farmers TO hold their wheat because il would
! make the bread of our wOrkingmen 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 over-export 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 oyer-export also, but we will
| have much more money coming TO US, ana if
! we then have a KIND Of wheat famine. we
| will be compensated by an extraordinary
| boom in business.
! III short, the situation is this: We will
! 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 an 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 justihes the boom
! in business will be unprecedented aud the
| workingman will have the benefit of it like
| every one else.
1t is mistake to think that bread rises in
/ proportion to wheat
| With wheat at 81 bughel, a five-cent loaf
| Of bread weighs one pound in Minneapolis:
| barrel of -four makes go pounds OF bread