The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1891-09-15
FACTS WORTH MONEY
A New Calculator in Relation
to the Wheat Question.
FARMERS ADVISED TO HOLD ON.
The Shortage in Europe Will Cause Great
Acknowledgements of Two Dollars q
Bushel for Wheat in Chicago

OF. PAUL, Sept. 14.-"Facts worth
money" is the heading of circular in re-
lauon to the wheat question now being
sent out by the state, the Alliance orc,o,, os
lnls city 1t urges farmers to hold back
Vhelr wheat as better prices await them in
the next few weeks. The assertion ia
made wheat will be 81 80 and possibly q a
review of the European shortage being
made the basis of this claim. George M
Miller, editor Of the State, in speaking in
tnls new address to the farmers saws.
we still believe large amount of grain
Will De held back; that the rush is practic-
ally over. Our advices from thousands of
correspondents are TO this effect. These
early sales were by those distressed for
money and those not connected with the
Alliance"
Inc circular says: 1.-The farmer needs
honest advisers; ne has has now too MANY
Oh other kind. 1t sharply raps elevator
men, and miilers, grain dealers and specp-
lators and those newspaper men who 90 70
them Tor their information about the con-
dltlon OF the market and lay it as valuable
truth before the public Two months 400
all these advisers predicted low prices on
account OF the enormous crops i'll the
United States and advised the farmers to
sell as soon as they had chance. Thew
ADMIT now," says the circular, ''ghen the
question mas been thoroughly ventilated
that an immense shortage exists in EuroDe
which no surplus Of cur country can of
set, but still they try to temnt
farmers into sacrificing their crops
oy many dl1erent tricks. The press. for
Instance, Is oyertiowlng with articles con-
graduating the farmers on their immensa
crops. These articles are Suspicious -
LOT says TIE circular, 1--WE hope rev news
paper men are so ignorant that thew do not
know that large crop is Of itself no
ground Tor congraJulatiou. Ii is the farm
value OF the crop, and this does not depend
upon It's size. Newspapers now.n it saws.
enIlHhlen the farmers that Europe will
need all they have raised and more but
that they cannot buy it at exor5itant
rates" 'AO
the circular states the figures Of the
vienna congress show that Europe has
raised 21o,OOO,OO0 bushels of wheat and
49O, OOO,O 900 bushels of rye less than last
year. Last year it consumed all its own
wheat and 50,OO0,C0O OF reserves
IgO UOO,OOO bushels from America. ali
that other countries could supplv
and all It's rye crop. This year it will nave
from America 1900, 900 bushels. If the
extreme figures on our crop are take in
VIII nave an aggregate shortage of 74S OoO
OOO bushels IL its own crop and so OOJ 0dO
bushels less to be drawn from reserves In
snort, 1T will have 22O, Coz, 600 bushels from
America TO MAKE up the total deficiency of
'5o,OOO'VOO DushelS and must consequently
eat 6fo,UeOOOO bushels less grain. IL bein9
admitted" says circular, that the short
age IN the European crops is by far the
worst ever known IN history. il yvOuId no
natural for Europeans to expect high prices
Inc SO-called advisers Of the American
farmer tell him 81 per bushel Is Chicago b
ABOUT the highest Europeans will stand
and that they would rather eat other things
than pay more for wheat"
The circular says this assertion ia
ridiculous. The average price for wheat
IL says Tor the last Lhirty-tyvo
years in England on a gold basis was 81 Al
per oushel, which corresponds with 81 u
IN chicago. During the eight highest vears
OF That period the average was sire
equal to Sl.3f$lin Chicago. During 1sf7-6S
tne average was Sl.95 and prices went as
high as 1921, equal to more than 50 in
chicago. THESE high prices did not. so far
as the recollection of the writer goes
chrnge the diet Of Europeans to any ereat
extent.
"The shortage in Europe being four
Times as great as the American surplue ,,
says the Circular, there is no doubt the
price OF wheat Will reach the highest figure
ever known before this year is up, and viii
exceed 1t by far before new crops come in
The talk that one dollar wheat in Chicago
IS higher under present circumstances fs-r
II says, absolutely ridiculous. OF course
IL the farmers should insist on Offering
more wheat than there is money to buv7
they could keep prices down a little, but.r
say tne circular, the warning came in
they will hold back better than the sDecu-
latoIs expected. There never was anv
good reason for having the wheat price so
low as II Is to-day. Those who are forced
by absolute necessity to sell or who are too
ldlotc to understand the situation, are not
SO 5 numerous tnat their action can keep
down prices any length Of time. and az
soon as the fools are out of the market in
telligent farmers Will get prices adequate
to circumstances