Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1891-09-15
"rAcrs WORTH roNEY.r
4 New rircuinr nsiatIne to the wheat
Question,

"fA'ts wOHru MONEY"
a New rircuinr rsiatlne 20 the wheat
Question.
Sr. PAUL, Sept. i4.-"Fac,s Worth
/ Money" ~ tho head Of a now circular
/ In relation 10 the wheat question, now
| being sent out by the State, the a Ill
ance organ OF THIS city. II urges the
/ farmers 10 hold back their wheat, NJ
l better prices await them IN the next
| few weeks. The assertion IL ma IL that
wheat will be " 80 aud possibly s., "a
roylew Of the European shortage being
made the h1sis OF this claim. George
| NJ. Miller, editor Of the Ndto, In spcak.
/ Ing of this now address 10 the farmers,
says. ave stlll believe that large
amount Of grain will be held back;
/ that the rush h practically over. our
ndvices from thousands OF corfCsron-
dents arc 10 this effect. These early
sales were by those distressed Tor
money and those not connected with
thc Alliance"
The circular sayt; "rhc farmer needs
honest advisers; hu has now too many
ftho other kind." ltshnrply ralg the
elevator men AMI millors, the grain.
dealers aud speculaton, anu "thosn
newspaper men who 20 n them for
their Information about tho condition
Of the market, and lay II as valuable
truth before the public"
"lw0 months ago all these advisers
/ predicted low prices on account uf the
enormous crops Ia the United States,
aud advised thn FARMERS TO sell o. soon
a. they had chance. They admit
now" says the circular, when the
matter has been ventilated, "that an
Immense shortage exists Ia Europe
which NO surplus In our countty can
offset, but still they try TO tempt the
farmers Into sacrificing their crops by
different tricks. The press, for instance,
Is overlooking with articlcs c1ngtatu.
la,lng the farmers on the immense
crops.
"rhesc articles arc suspicious, for"
says the circular, 1--WE nope few news.
paper men arc ~ ignorant that they
don't know that n large crop Is Of Itself
no ground Of congratulalion. II IL the
farm value OF the crop, aud this does
not depend upon It's size.
"rho newspapers, nOw,n Il saws,
"cnllghtcn the farmers that Europe
win need all they nave raised aud
more, hut that they cannot buy II at
the cyorbiiant mtes."
] The circular states that the figures VI
the Vienna Congress show that Europe
has raised 95s, 100000 bushels OF wheat
anu )1,01j.OJD bushels OF rye less than
last year. "last year II consumed all
it, own wheat aud $4,000, 900 OF r..
serves, 100, 100000 huahcla from
America, all that other countries could
supply, aud all IT. rye crop. This
year II will have from America
22l,Oll,O0U bushels. II tho ex.
trcmc figures on our or0p
Rrr tnken II will have an aggregate
| Of ~, 900 OQl bushels Ia IL own crop,
aud 30 100000 bushels les. 10 DO drawn
from the reserve. Ia short, Il will
have 221,OO0,0J bushels from America
70 make upa total deficiency OF 79s,
OOt,OO0 bushels, AMI must, consequent-
~, cat J1s,0l0,0O0 bushels less grain.
at being admitted, /" says the circular,
"that the shortage In European crops
II by far the worst ever known In
history, II would be natural for
Europeans TO expect high prices. The
so.called 'advlsefa' NJ the American
farmer tell him 81 per bushcl IA
Chicago IL about the highest tho
Europeans will stand, and that they
would rnther eat other things than pay
more for wheat"
The circular says this assertion is
] ridiculous.
"rhc average for wheat" Il says,
"tor the last thiriy-two years In Eng.
land, on gold basis, was fl.il. per
bushel, which corresponds with SIN
| In Chicago. During the eight highest
years Of that period the average was
Sl.71l, equal TO Sl.67. la Chicago.
| During ls01.bs the average was Sl.Gj,
and prices went NJ high M S9.9l, equal
| 20 more than s. In Chicago. Thrse
| high prices did not, 10 far us tho rocol-
lection of tue writer goes, change the
| diet Of tha Europeans 10 any great ox.
| tent. The shortage In Europe being
| four times an great as the American
surplus, says the circular, "thcre II no
doubt but that the price OF wheat will
reach the highest figure ever known,
before this year Is up, and exceed II by
| far before the new crop comes.
'"rhn talk that ono.d0llar wheat Ia
Chicago Is higher under the present
| circumstances H., II says, absolutely
| ridiculous. on course II the farmers
should inalst ON Offering more wheat
than there IL money to buy, they could
keep the prices down little, hut,p
says the circular, "tho warning came
| In good season 10 the snrlng whent
farmers, and thoy held back better
than tho spectators expected. There
never was any good reason for having
the wheat price no low no II Is today.
Those who are forced by absolute
necessity TO sell, or who are too idiotlc
TO understaud the situation, are not NO
numerous that their action can keep
down the prices any length Of time,
and ~ soon ~ tho fools arc out Of the
market the intelligent farmers win get
prices adequate 10 the circumstances.