The morning call., 1891-09-15
The Alliance Issues a New Cir
Cular.
Wheat Growers Of the Northwest COunseled
TO Hold Their Grain.
Higher Prices Predicted The Shortage Of The
European Markets Demonstrated.
Wheat Will Be DeaTef.
Special TO THE MORNING CALI

ST. PAUL, Sept. IA. "Facts Worth
Money" is the heading Of the new circular
in relation to the wheat question now being
sent out by the "State," the Alliance organ
of this city, 1t urges the farmers to hold
back their wheat, as better prices await
them In the next few weeks. The assertion
is made that wheat will be 81 80 soon. and
possibly So, review Of the European
shortage being made the basis OF this claim.
George NJ. Miller. editor of State" in
speaking of this new address to the farmer,
says: 1--WE still believe that large amount
of grain will be held back; that the rush Is
practically over. Our advices from thou
sands of correspondents are to this effect.
These early sales were made by those dis
tressed for money and those not connected
with the Alliance"
The circular SAYS: "The farmer needs
honest advisers. He has now too many of
the other kind" 1t sharply raps the ele-
vator men and the millers. the grain-dealers
and spectators and "those newspaper men
who go to them for their information about
the condition of tho market end lay it as
valuable truth before the public" Two
months ago all these advisers predicted low
prices on account of the enormous crops in
the United States, and advised the farmers
10 sell as soon as they had chance.
"They admit nOw," says the circular.
when the question has been thoroughly
ventilated, that an immense shortage exists
in Europe which no surplus of our country
can Offset. but still they try to tempt the
farmers into sacrificing their crops by DIFF
ferent tricks"
The press, for instance. is overfowlng
with articles congratulating the farmers on
their immense crop. These articles are
suspicious, for. says the circular, we hope
few newspaper men are 80 ignorant that
they do not know that large crop Is Oh
itself no ground for congratulatlon. Ii Is
the farm value Of the crop, and this does not
depend on its size.
THE newspapers now," it says, shave
enlightened the farmers that Europe will
need all they have raised and more, but
that they cannot buy il at exorbtant rates."
THE EUROPEAN SHORTAGE.
The circular states that the figures of the
Vienna congress show that Europe has
raised 25S,0O0,000 bushels Of wheat and 49O,-
000, 1000 bushels of rye less than last year.
Last year it consumed all its own wheat
and 5O,000,000 of reserves, 100,0O0000
bushels from America, all that the
of its rye crop. THIS year it will
have from America 220.0OO,00O bushels if
the extreme figures on our crop is taken. 1t
will have an aggregate shortage OF 749.-
600, 600 bushels In its own crop and 50,000,O0O
bushels less to be drawn from the reserve
In short, it will have 220,0O0,000 bushels
from America to make up the total def
cheney of 79S, 100000 bushels, and must con-
sequenty eat 67S, ,000,G00 bushels less grain.
"It being admitted" says the circular,
"that the shortage in the European crops
is by far the worst ever known in history,
it would be natural for the Europeans to
expect high prices. Tie sO-called advisers
of the American farmer tell him 81 per
bushel in Chicago is about the highest the
Europeans will stand, and that they would
rather eat anything than pay more for
wheat"
HIGHER PRICES EXPECTED.
The circular saws: This assertion is
ridiculous. The average price for wheat
for the last thirty-two years in England, on
gold basis, was 81 Al per bushe!. which
corresponds with 81 81 in Chicago. During
the eight highest years in that period the
average was 81 77A. equal to 81 57%4 in Chi
cago. During 1S67-6S the average was 81 95.
and prices went as high as So q. equal to
more than 81 in Chicago. These high prices
did not, as far as the recollection of the
writer goes, change the diet of the Euro
peans to any great extent. The shortage
American surplus, says the circular, 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 One-dollar wheat in Chi
cago is high under the present circum-
stance is absolutely ridiculous. OF course,
if the farmers should insist in offering more
wheat than there IS money to buy, they
could keep prices down a little. but the
warning came in good season to the spring
wheat farmers, and they will hold back bet
ter than the spectators expected. There
never was any good reason for having the
wheat price so low as ii is to-day. Those
who are forced by absolute necessity to sell,
or who are too idiotic to understand the
situation, are not so numerous that their
actions can keep down prices any length Of
time, and as soon as the fools are out of the
market the intelligent farmers will get
prices adequate to the circumstances"
THE COMING CONVENTION.
ST. LOUIS, Sept. II Messrs. McAllister
and Hall, of the National Executive Com
mttee of the Farmers Alliance, decided
this afternoon that the convention of antis
to begin tomorrow shall be held with open
doors. The decision has been reached to 90
into new national organization. The idea
Is to create an industrial alliance and adopt
a policy as to eligibility. That will admit a
powerful class heretofore excluded. The
order wi be non-political and nom secret.
Delegates are arriving by every train op-
posed to the sub-treasury and third party
schemes.
NEW YORK. Sept 14.-The Produce Ex-
change has posted a bulletin announcing
that vessels at Baltimore are loading to-day
over 100000 bushels of wheat for export.
The steamship Lord LansdOffe calls to-day
with 10000 bushels of wheat and 1854 BUSH
els of corn, valued at S44,300. The steamer
Leayida will carry As, 600 bushels of wheat
and S143 bushels Of rye to Hamburg. The
steamer Blue Jacket has cleared for Dun
kirk with sc, 800 bushels of wheat, valued at
S102, ,60S. The steamers Albeifeld, Sobraon
and others are also taking in wheat cargoes.