Rock Island daily Argus. (Rock Island, Ill.) 1886-1893, 1891-09-30
HOLD YOUR i WHEAT,
Advice Of Muller, the St. Paul
Editor.
ANOTHER OF THO:E CIRCULARS OUT

Charge That the Elevator Men Are
Selling Wheat Left for Storage-warn-
ing Against Over-Exportation-D
of Exhausting the Surplus and Leaving
Ourselves Short of the Cereal-Effecs
on the Price of Bread.
ST. PAUL Mimi, Sept 30-Through
the office of the Minnesota Alliance news
paper, The State, the third of the Hold
Your Wheat" circulars was issued yes
terday, but is not intended for general
circulation until Friday. Editor Muller
makes the sensational charges that the
elevators have not the wheat they
pretend to have and that they are
issuing fraudulent receipts. If true,
this charge is one of extreme importanc,
Referring TO the circular last evening
he said: 1--WE now have completed our
canvass of the wheat growing section of
the country, and from the reports sub
mitted have no doubt of the success of
our movement to secure full value for the
greater portion of this years crop.
A Charge Against the Elevators
1--WE do not look for large farmers de-
liveries in the near future, as he weak
ones have nearly unloaded. Much wheat
has gone into the visible supply. and, in
fact, into consumption and abroad which
has never been sold by the farmers.
Many country elevators have sold stored
stock with the expectation of replacing it,
and some of their representatives have
been buying wheat in Minneapolis to
| cover the stock sold The increase in
country elevators is sham in many cases
and represents what they should have
and not what they actually have in stock.
Deliveries will cease unless prices materi-
ally advance, and the elevator people
should be cautious about selling and for
warding wheat left for storage"
Exporting Too Much Wheat.
After reviewing the general situation
the circular says:
ave have exported $4,000, 900 bushels of
our new crop and have % 900 600 bushels
to spare, for 100000 Of which charters
have been made at present. We are ez-
porting at the rate of 6,O00 600 bushels "a
week, and our surplus will be Thoroughly
exhausted if WE keep that rate up I'm Il
Christmas. There is almost a certainty
that we will over-export, because our en-
tire remaining exporting capacity is n, "
probably bought by Europeans for futu e
oSAAN q aC7, anu Suk pSbRiS wa NC 1tilA u
on without doubt to economic in whear
| consumption
Benefit to the Workingmen.
Some papers have criticised our advis-
ing farmers to hold their wheat because it
would make the bread of our working
men too dear. We think il will benefit
the working classes nearly as much as the
| farmers. If we allow our wheat TO go ont
of the country at any price the Euro peans
| wish to pay we will over-export and there
will be high wheat prices for all of next
| year without the benefit of great re nit
| tances from Europe. On the other hand.
| if we hold our prices high we will over
| export also, but we will have much more
money coming TO US, and if we then have
a kind of wheat famine we will be coma
| pensated by an extraordinary boom in
business.
| Effect on the Price of Bread.
"In short the situation is this: We will
| have extraordinary high wheat prices
here, with a moderate boom, if we sell our
wheat to Europe cheap, or We will have
moderately high prices, with an extraor-
binary boom, if we hold our wheat for
| high prices now. If we succeed in raising
the price of cereals to the point the situa-
ton justifes the boom in business will lie
| unprecedented and the workingman will
have the benefit of it like every one else. II
| is mistake to think that bread rises in
proportion to wheat. With wheat at 81 a
bushel a Scent loaf of bread weighs one
pound in Minneapolis A barrel of -four
made 230 pounds of bread, and the cost of
| the -four in a loaf of bread is about 4
cents, the balance compromising the baker
and grocer for work and distribution"
| Doing the Work Thoroughly.
what effect have these circulars had
upon the price of wheaty' Muller was
| asked.
"Our work has been done much more
thoroughly than spectators imagine We
have the best knowledge possible to be
obtained and are not combining our work
to printers ink. The personal efforts of
Influential men have been brought tc
|