The great West. [volume] (St. Paul, Minn.) 1889-18??, 1891-08-07
SHORT SE;1;s$I!ssS OF wheat.
7heu DemorQIze Markets. Hammer Down Pr'ces and are
Curse to the Farmer:
The Man Wh0 Sells WhQt he has, is naturally BuH Whe
the Man Who Sells what he has not, is
naturally Bear
Interview h an Expeyt in Grain as to the Controlling lnfuen
Interview wth an Expert Grain to the Controlling uen
ces in the Northwestern Market

Interview th an Expert in Grain to the Controlling |nuen
ces in the Northwestern Market
G. Rogers editor Review Minneapolis
hard headed sells wheat himself but he
makes conditions day day and to
wear He is confirmed believer Chicago
Trade farmers mill and eeva
tor short seller wheat IN o all
Of the denunciatory adjectves within his vocabulary
the GREAT WEST to talk about the influences
which wheat and to make plain
what would wise for them to do
the gamblers Mr.. Rogers said:
believe the short selling OF wheat because
~ a ;nr what ono NAV not nossess firmly advocate "fuure
selling it not gambling Technically the dealer IN 1u
% % - h;h M s +t f for tho reason that uves in the coun
the
months after the farmer his BY beng
today purchases today market Minneapolis the buyer
wheat Such buyers
spectators They and sell small
gn enough and decent interest the
they would necessarily have to allow bigger margin
paid the and the current prices
other words would have accept
money for his wheat oroer 'nat tne ouyer nn. oe
possible fluctuations price during the weeks months
get wheat to the general market or sea-board
The selling elevator and
wheat buyer ringing trades that
permits selling millions of bushels without the necessity OF de-
yeries OF actual grain whatever small cque Onago nas m
without necessarily having owned bushe OF
grain during time They the parties side and the
the other side the Market and the
the side OF the The rules OF the
changes these short sellers abide demand that the buyers the
grain shall put margins OF IL cents s Tor all gram
that millions bushels OF short fc
ported putting large OF against these short offerings
the the buyers and the farmer and
the market at mercy of the combination.
The influence prices Minnesota
the markets OF the world The position
Chicago the time when she handled
the actual and nowit maintained the OF
although Minneapolis has bought and three
many Chicago August 1 last To maintain
miller both
pay full and good for his wheat but we have
to up the hor wheat sold Chi
cago unable the millions dollars
Chicago clique to break down the market as they call to
You ask Chicago how the market and
will reply minneapolis and the country long, we short and
combine and shake out You mposser the farm
ers Minneapolis together quickly enough
complete unison that would be necessary to chemate these
operators.
The Minneapolis long market because little beside the
actual wheat is bought the Min
selling wheat legislation The trouble
always has been that solution of the problem has been attempted by
such men as Hon. Ohio
nothing practical side the found
4 in +ono Some dav the farmers will send man +o CONGRESS-
legally sange this Octopus which by selling
takes the producers and the
ual wheat the profit which rghtfuly belongs to them
ONE OF THE OTHER
Mr. Commons of Commons Basset Chamber
and the only whom et who believes
that option dealing wheat beneficial to the farmers
Commons what views as to option dealing?
sir the grain trade and dc
could be carried without That believe
would without it, You see that firm
millions OF bushels of wheat
only being able to on the market and la onc
future delivery at the market price that day.
you usually IN that sale?'
probably meantime find good sale for tn
and then buy in the option SALE
balance of the former sae1
market bear down the pce-take
Chicago where the actual receipts but IA million last year, ana tn
Iopticn] sales much that a single week?"
for sale there purchase and the market
oversod apparently then the the wheat balance send
Besides at stations buying from 5O
wheat would do they could
protect themselves by sales in advance of delivery.
evenly up supply then million
act OF the market?"