The Dalles daily chronicle. [volume] (The Dalles, Or.) 1890-1948, 1891-08-03


by these spectators at eighty-four cents
the time for delivery comes they will
simply lose their margin.
The extremely short crop in foreign
countries, coupled with the increased de-
mand and the absolute certainty that
vast quantities of American wheat will
be required to fill foreign orders, make
this peculiarly auspicious time to put
our plan, which is simple one, in oper-
alton.
HOLD YOUR WHEAT.
| 1t is all involved in these three words,
Hold your wheat. Over 40 900 secreta-
ries of alliances and kindred organiza-
tions in America have been sent twenty
copies each of the circulars from the alli-
ance press bureau of information con-
tanning this advice, together with COM
plete statement of the situation and the
reasons for the movement. To illustrate,
the estimated crop of Minnesota and the
two Dakotas is 100, 100000 bushels. It
will only be necessary to hold this crop
back few weeks to advance the price
25 per cent. and only little longer to
advance it 80 per cent. This would have
been impossible five years ago, and 1t
| would have been impossible five years
ago for me to have secured the names of
40 900 who would reach 1000 900 indi-
yiduals and thereby place me in close
communication with the entire agricul-
tural class of this country.
Besides these circulars, the alliance
leaders are working everywhere, and
within few days every local organiza-
tion in the country will have acted Off
cially on the advice given. Of course no
amount of money would have been too
! great for the opposition to have spent to
defeat this movement if they had known
it was on foot, but since the one betrayal
we have kept onr own council, and now
the matter is in position that their
money can't reach.
The old objection has been made that
| the farmers need money SO badly that
they will sell anyhow, but the farmer
who has 1000 bushels of wheat, with the
ance that it will stay up, will be easily
able to get sufficient money for present
needs.
The entire movement is directed at the
speculation in futures and the system
will be broken up. The farmer has the
gambler on the trip for once, and he
will keep him there this time.
POINTS OF THE CIRCULAR.
The salient points of the circular of
Editor Muller are:
The farmers alliance demand, unani-
mously, that the speculation for future
deliveries of cereals shall be prohibited.
The greatest competitor of the farmer is
the speculator, and his competition is
not at all fair, because he sells what he
has not got and can sell unlimited guam
titles, while the farmer has no more to
offer than nature grants to him.
! The speculator sells for delivery in any
month of the year, and therefore makes
it necessary for the actual consumer, the
miller and the exporter to lay in such
stock as he may consider reasonably suf-
ticient for his requirement. The farmer
coming in with actual grain finds most
OF his customers supplied by the specu-
lator with promises to deliver. He has
no choice but to sell to the elevator man,
at a lower price than the Chicago spec
ulator has offered his promises. 1t
makes difference of $100,O00,OOO year
to the farmer of this country whether
that you had to take the lower price for
| your product is due entirely to the man
ipulation of the spectators.
Now this year seems especially de-
| signed by Providence to help our farm
ing interests. Our wheat crop promises
to be good; the European crops are
worse than they ever have been and the
reserves are exhausted. 1t is certain
that the true value of wheat is greater
than before, and it is astonishing that
spectators should dare to bet on low
prices.
LEGISLATURE TOO SLOW.
The way of legislation is too slow to
save this crop from being wasted at ridi-
clulously low prices, and it is not likely
that another such chance for the farmer
will present itself again in lifetime.
There is, however, another remedy
simple, effective, and entirely within
your control. The stocks of wheat and
-four are hardly large enough to supply
the wants of this country until the new
crops come in. The temporary safety of
the speculator depends on an early crop
and rush into the market.
To all farmers our advice is sell spar
lngly and you will see a steady advance
to the end of the crop year. No creditor
VIII compel you nor can compel you to
sell YOUR crop for half its value now when
few weeks patience must establish fair
prices.
Tell,your creditors and any one who
wants your wheat at half price that in
the last few months hundreds of mill
ions OF bushels of wheat have been sold
by spectators, that consequently the
market must be glutted with it, and that
you will wait until that wheat is eaten
up before you offer yours.
We assure you that these hundreds of
millions of bushels of windy wheat will
be consumed very soon. Communicate
this information to all whom it will
otherwise fail to reach, and in a few