Sturgis advertiser. (Sturgis, Dakota [S.D.]) 1887-1???, 1891-09-24
saw twill Be $3.50.

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 800 to $500 cars every day,
and tho price Of December wheat has
dropped to 90k cents In Minneapolis.
1t 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 80 cents. The ALI.
ance therefore began the mailing from
its ST Paul headquarters OF . million Of
letters to the farmers calling halt all
ong the line. The letter states the
new Wheat Growers Association and
the Alliance secretaries oil over the
country are unanimous That wheat 10
bound to sell as hig l as 81. SO and posi-
bly, S2 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 It.
The letter says the crop Is being greatly
oyerestimated by the newspapers and
grain dealers, and continues:
1--WE 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 turn upward. The shortage
in Europe can now be figured with
accuracy. About week ago q 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, if in famine year like this
they should give for the crop OF any
one country lower figures than circum-
stances justified, the government OF that
country would certainly demonstrate. It
is surely the policy of Europeans not
to exaggerate their disaster. The
figures of the Vienna Congress show
that Europe raised 25s, 000, 900 bushels
OF wheat and 400, 100000 bushels Of
rye less than last year. Last year IL
consumed all of its own wheat crop and
at least SO, 0o0, coo of reserves, leo, OOa,-
600 bushels imported from America, all
that other countries could supply, and
oil its rye crop. This year It will have
from America IL 100000 bushels more
than last, ii we take the extreme figures
which any reputable authority has made
for our really splendid crop.
at will have as usual what other
countries supply, which Is insignificant,
but 1T will have 74S, 600, 900 bushels less
of its own crop and &c, OOo, 600 bushels
less to draw from reserves. In short.
1t will have 10000, 900 bushels extra
from America to make up deficiency
of 1850 0,00o, and must consequently
eat 67s, 000,0 900 bushels less grain.
@Rye being dearer in Europe than
wheat, the latter becomes O substitute,
and is equally affected by deficiency In
rye or wheat supply. When 1t is entirely
certain that Europeans will have to
economic in bread to the extent of 678,-
600, 900 bushels, and when the situation
is aggravated by the partial failure Of
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 price
of wheat will reach the highest figure
ever known before this year is up and
will exceed 1t by far before the new crops
come In.
"Wheat will soon be over 81. SO, no mat
ter how much farmers and spectators
work together to keep prices down, and
we would advise those who can compre-
bend the situation to hold their wheat
for 81 so and add for every month they
keep it say five cents to the price. Hold
your wheat You cannot get left"