The Kinsley graphic. [volume] (Kinsley, Kan.) 1890-1940, 1891-08-14


New York is moderate and conserve
tive, and that members OF your organ
ization pledge themselves not to market
their wheat at lower prices unless they
are under contract. and that they VIII
use their best efforts with friends and
neighbors outside of the organization
also to act on your resolutions
Resolve also that the state alliances
form a committee, which shall keep
itself posted about the state of the
worlds markets and from time to time
notify the farmers of changes taking
place and advise them upon the mini
mum prices that they may reasonably
insist upon
We viii give you our reason for ar
irving at this figure. The prices of
wheat are really 70 be measured by the
English market. FOR that country is
the largest buyer, namely, to the eE-
tent OF IA, O0O, 600 yearly average.
The prices for the last seven years
were entirely abnormal, as 1884 created
an unwieldy surplus which was kept
up and increased by several extra good
crops
This surplus being entirely used up,
it is perfectly natural that wheat should
return to the usual prices
The average price of wheat in Eng
land during the twenty years preceding
was 81. 80 per bushel.
Several years it rose over S2.O0 a
bushel.
In this year Of crop failure, far worse
than any that occurred during these
twenty years, it cannot be extravag ant
to expect at least the average price of
that period.
a price of 81 s5 at New York CORE
spends with S1.45 IN England, as the
expense Of transferring a bushel of
wheat to Liverpool or London is not
more than ten cents.
New York, Baltimore, Boston and
Philadelphia should have about the
same price. Chicago about ten cents
lower, say S1-25. Minneapolis, Duluth
and St. Louis about SL23. Toledo.
Detroit and Cincinnati S12s.
These prices would all be about in
proportion to price of S1-A5 in Liver
pool.
To get at the corresponding value
of a bushel of wheat at your nearest
the price of wheat at the city to
which your wheat generally goes the
cost of transportation between your
station and that city and three cents
more for commission and handling.
For example, if your wheat usually
goes to st. Louis, and you find that it
costs eight cents freight to get 1t there,
deduct eleven cents for freight, COM
mission, etc, from the price OF S1.23, as
given above, which leaves you S1-12 at
the station.
IN regard to this communication, We
want it distinctly understood that we
do not advise You to sell your wheat at
above prices which are based upon
average prices of the English market
only.
We simply furnish you reliable fig
ures which we think should suggest to
you that 1t would be folly to sell your
wheat for less than those prices.
Tho price of As in England, which
is the average for twenty years, viii
probably prove to be less than an aver
age price for the next twenty years, as
the steady increase of population is an
Offset for greater facilities An farming.
But considering the immense
shortage OF this year, no average
prise would be adequate to the
situation, and If we were the owner
Of wheat we would hold it for a much
higher price.
Sell sparingly, even when much bet
ter prices are offered to yOu than those
suggested above, and you viii see a
steady advance to the end Of the crop
year.
This action would be similar to a
strike, but with this difference;
The vyorl1ingmans loses money every
day the strike lasts, while you do not
lose anything, and if some should be
incoavcaicnced for a few weeks for
ready cash, they viii surely not get
poorer by it.
In the second place the worlzingman
cannot tell whether he viii be success
full and how long it viii take him to
enforce his demands, but you know
that in q year like this you must be sue
cessful, for nothing can be substituted
for your product. and that a few weeks
must decide the war.
You have nothing whatever to risk
and everything to gain,
It viii be argued that some farmers
have already contracted their crops and
| that it would be impossible to make all
farmers act in har mOny.
The party who has contracted for
the product of some farms steps into
the shoes OF the farmer and viii be too
| glad to receive double prices for the
contracted crop and that all the farm
ers act IN harmony is not at all neces-
sary Tor the success of this move.
There viii be very few, indeed, un-
/ willing to hold OF to see what viii be
| come OF this move, as in view Of the
situation prices could never be lower,
/ butoeven il one-half or more of the
farmers should be persuaded by the
I arguments Of railroad and elevator men
I TO rush their wheat into the market.
| the result would be the same, for II
| a Considerable RUUlbsF cT those l5b0 are "a
[ the habit Of asarEeting early h0iG back q
1 litfEs sebiEss tHs JaTEReTs' cls9iCsTisS ss0UEd
/ .TzH s5OTt AZ ti6 requirements asi& fRs saTocl
/ teol.ld Be tie same as Il 10 ssheEt had been
/ brought IA az al
/ There is, however, little danger that
| any considerable number OF farmers
/ could be induced to market their prod
/ uct in hot haste at present prices. as
/ resolutions adopted by the state All
onees long ago show that they know
I their enemies
They also know that Ehe remnants Of
( last years crop are smaller than ever,