Courier Democrat. (Langdon, N.D.) 1891-1920, 1891-09-17


cumstances.-Winnipeg Commercial.
HOLD YOUR WHEAT.
The Minnesota State Alliance Issues
Another Circular.
ST PAUL, Sept. 15.-The Farmers
Alliance leaders in Minnesota and
North and South Dakota have re-
solved on another attempt to stop the
tremendous flow of wheat to the mar
kets. The receipts in Duluth and
Minneapolis for the last week have
run from 500 to 1900 cars every day.
At this rate the alliance people assert
that the 15O, 900, 900 bushels of wheat
in the No l wheat belt will be out of
the'farmers' hands before April 1, and
their haste will drive the price back to
so cents. The alliance, therefore, yes
terday began mailing from its head
quarters a circularle letter to the farmers
all along the line. The letter states
that the new Wheat growers associa-
tion and the alliances all over the
country are unanimous that wheat is
bound to sell as high as $1.5O to 50 per
bashel, and they are unanimous in
this warning to the farmers not to sac
rifice their wheat and give the specula-
tors all the profit there is in it. The
letter says the crop is being greatly
overestimated by the newspapers and
grain dealers, and continues:
We do not believe majority of the
farmers are foolish enough to coop
crate with the spectators to depress
prices further. There is no question
but prices will take turn upward in
few days. The shortage in Europe
can now be figured with accuracy.
About a week ago congress of grain
dealers from all parts of Europe met at
Austria, and computed fig
ures about the crops in Europe. These,
figures are the highest which we'll in
formed, reputable men could furnish;
for, if in famine year like this they
should give for the crop of any one
country more than was justified, the
government of that country would GER
tainly demonstrate. 1t is surely the
policy Of Europeans not to exaggerate
their disasters. The figures of the
Vienna congress show that Europe
raised 25s,000,000 bushels of wheat and
49O, ,O00,0 of rye less than last year.
Last year it consumed all of its own
wheat crop and at least 5O,OOO,OOO of
reserves, 100000, 900 bushels imported
from America, all that other countries
could supply and all its rye crop. This
year it will have from America 12O,-
0t0, 900 bushels more than last year if
we take the extreme figures which any
reputable authority has made for our
really splendid crop.
s'It will have as usual what other
countries supply, which is insignificant
but it will have 748, 900, 900 bushels less
of its own crop and SO, ,OOO, 900 less to be
drawn from reserves. In short, it will
have 12O,000.OOO bushels extra from
America to make up a deficiency of
$4,000, 900 bushels, and must conse-
quently eat 67S, 200, 600 less grain.
"Rye being dearer in Europe tnan
wheat, the latter becomes substitute,
and is equally affected by deficiency in
rye or wheat supply. When it is en-
tirely certain that Europeans will have
to economic in bread to the extent or
67S, ,0OO, 600 bushels, and when the situa-
tion is aggravated by the partial failure
of the potato crop, it is to be considered
what prices they will pay for American
wheat. The shortage in Europe being
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 it by far before the
new.crops come in.
The talk that 81 wheat in Chicago
is q high price under present circum-
stances is absolutely idiotic, for the
average prices in England being $1.4l,
no one in Europe dares expect to eat
wheat q cents below an average price
this year. Wheat will soon be over
$1.5O no matter how farmers and spec
ulators work together to keep prices
down, and we would advise those who
can comprehend tine situation to hold
their wheat for 81 so and add for every
month they keep it say 1--WE cents to the
price. Hold your wheat. You cannot
get left.
Wanted. n
once, q good book-keeper and ac-
countant. references required |. Apply
lto BoyD 4, CAIRNS,
Langdon. N !. p.