Little Falls transcript. [volume] (Little Falls, Morrison County, Minn.) 1876-1894, 1891-07-31

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DAY, JULY 81, 1891:
! j., THR NH1r MARKET.
The usual fall discussion abou
the advisahnty for farmers to hol'
their wheat for better prices is agail
being carried Oh, and this year it j
attracting, more comment than usual
Fir.t the aaAlllianoe Press Bureau o
Information" which: was established
by authority If 4 resolution passed a
the National Legislative council Q
tho National Farmers Alliance an,
Industrial Union at its Februar!
in Washington issued !
"treatives on the wheat question, whicl
was intended to be supplied. to al
Of the Alliance and farmers
generally. The circular assumes thai
Bpeculators are to blame for Low
wheat prices generally, and promises
that if**the farmers only hold, thei'
crops for: Z time after harvesting, ~thl
- y ks.ieal dslls..
tue wheat they sold ID the futures
and that the spectators will be ruin
ed financially and the farmers viii
receive a much higher price thar
that offered at the opening Of the
season. A large volume Of statistics
are given to show that the foreign
demand will be much larger thar
usual this year, and the conclusions
drawn in this particular agree with
the information supplied from al
The circular is being dis
tributed from the Office of George M
Muller in st Paul; it will be remem'
bered that the gentleman delivered
a political speech here last fall.
Next 1gnatius Donnley, president
the state alliance, issues a letter in
which ne says that the state Alliance
does not endorse the Muller circular
and does not wish to be held response
bic for the results Of any advice about
the time to market wheat: Don
nelly's letter says:
"I desire, therefore, to have II
understood that the State
Farmers Alliances Of Minnesota are
In no wise responsible for this move
ment, or from any consequences that
may flow from it. Lhope the time is
not far distant when the whole farm
ing population Of the United States
shall be banded together for sef-pro
lection and to resist the efforts O
spectators to break down the rea
value of their productions; but to dc
this thorough consultation and wis
action are necessary, together will
the establishment of some bureau
tina It will direct the sales. otherwise
son me farmers would get out at ex
traNagant prices and: Others b.
caught IN collapse. Of the boom:
zee Mr.. Pillsbury, the great miller o
Minneapolis, declares that whea'
will touch 81 a bushel within th'
next 12 months. l understand thai
the: English q syndicate owning tht
Minneapolis mills, now hold 1t, 600, ,00'
bushels Of wheat. If the price goes
up 20 cents, under the holding back
of the new crop, those gentlemen
would realize 81, 3,0oo,o 600 and get out
In the meantime the farmers, who
are hoping for 81 a bushel, would b
caught in the slump, and might havf
to sell in the spring at ruinous rates
And then every farmer in the stat
would turn upon and denonnce tn
Farmers Alliance, and our grea
would be destroy ycd
And then the cry would go forth
"Why did not our president war;
us Of these lawyers? He mast hav
sold out to the syndicate!"
Therefore I say to you, use you
own Judgment when you sell. Stud.
all the facts submitted to you from
every quarter. Ny own judgment /
that wheat must rise. But I know
to much Of the history Of the whea
market IN the past ia prophesy as t.
the future, or advise and man regar
ing so grave and complicated a, prot
lem, into which enter influence Whiel
no one can foresee. Where farmer
can avoid rushing their wheat int
market, they should do SO open, an
do not become the tools OF bulls o
bears either. In any event under
stand clearly that the Alllfanc
gives you no advice, and is no
responsible for the mutations Of tn
future.
For the present the interests c
the millers are identical with tn
interests of the farmers, in the great
secret and world-embracing battl
which is now raging; and we shoul
do what we reasonably can to hel
them in their efforts to advance tn
price of our great cereal. But thi
is q word of selfish interests and W
must watch eyer our allies"
The railroad, elevator and mil
men of the northwest gave thei
opinion on the same matter to new!
paper reporters, and we quote th
following:
]. NJ. Hannaford, traffic manage
Of the Northern Pacific, said h
thought it would be a very goo.
thing for transportation companies
There would be q good many mer
who, like Oliver Dalrymple, the grea
wheat raiser, believe that; for serie
OF years, the early market is th
best, who would be compelled to se
to raise money to pay mortgages: II
had no fears that the railroads woul
not have all the wheat they coul
handle from the very start. And