Evening star. [volume] (Washington, D.C.) 1854-1972, 1891-09-14
RESTRICTING THE WHEAT oUTPUr.
Another Attempt to BE Made by North
western Farmers.

western Farmers
CHICAGO. Sept IA dispatch from ST. Paul
to a morning paper reads: The Farmers Al
lance leaders in Minnesota and North and
South Dakota have resolved upon another at
tempt TO stop the tremendous how OF wheat to
the markets. The receipts in Minneapolis and
Duluth for the last week have run from
800 TO 1000 cars every day. AZ
this rate the alliance people assert
that the l5O,0O0.OO0 bushel of wheat IN the No.
hard belt will be out Of the farmers hands
before January and their haste will drive the
price back to 30 cents. The alliance therefore
yesterday began the mailing from its head
quarters of a million letters 10 the farmers
calling halt along the line.
The letter states the new Wheat Growers
Association and the alliance secretaries all over
the country are unanimous that wheat IL bound
TO sell as high Sl.50 and possibly - per
bushel. and they are unanimous in this warn
ing 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
overestimated 10y the newspapers and grain
dealers, and continues:
I'VE dc not believe a majority of the farmers
are foolish enough to cooperate with the
spectators to depress prices further.
There is no question but prices will take a
turn upward in few days. The shortage in
Europe now oe figured with accuracy.
About a week ago a congress of grain dealers
IA.
Austria, and computed figures about the
crops in Europe. These figures are the high
est which well-informcd reputable men could
furnish, for if in a famine year lile this they
should give for the crop OF any one country
lower figures than circumstances justified the
government OF that country would certainly re-
monstrate. 1t Is surely the policy Of Eu-
ropeans not TO eNaggerate their disaster.
The figures of the Vienna congress show that
Europe raised 25s. .OOO, 600 bushels of wheat and
-l.a.lz
Last year il consumed all of lite own wheat crop
and at least 100000 bushels OF reserves,
100. 600. COO bushels imported from America, all
that other countries could supply and all its
rye crop. THIS year IT will have from America
120,OU,OOO bushels more than last II we take
the extreme figures which any reputable su-
thority has made for really splendid crop.
lit will have usual what other countries
supply, which l. Insignificant, but il will have
7is O00, 900 bushels less OF its own crop and So
600, 900 bushels less to be drawn from reserves.
In short, it will have l20, 600 900 bushels extra
from America 10 make upa deficiency of 1885,
100000 and must consequently eat SO, 900, 900
bushels less grain.
RYE being dearer in Europe than wheat the
latter becomes substitute and Is equally
affected by deficiency in rye or wheat supply.
When IL Is entirely certain that Europeans Will
have TO economize IN bread 10 the extent Of
61S 600 600 bushels, and when the situation isag-
grayated by the part failure of the potato CROP t
is to be considered what prices they will pay
for American wheat. The shortage in Europe
being four times as large as the American sur
plus there is no doubt that the price of wheat
will reach the highest figure ever known before
this year is up.
1.-The talk that 81 wheat in Chicago Is q high
price under present circumstances is absolutely
idiotic. for the average price in England being
81 Al no one In Europe dares to eat wheat II
cents below an average price this year. Wheat
will be over l.50 no matter how much farmers
and speculators work together to keep prices
down and would advise those who can COM
prehend the situation to hold their wheat sI.50
and add for every month they keep it, say
cents to the price. Hold your wheat You
cannot get left