The Guthrie daily leader. [volume] (Guthrie, Okla.) 1893-1996, 1896-10-25
rnE MARKET MAN1PoLArnD.

American markets are being manip.
ulated TO n scintillating frazzle at
present for political purposes. The
goldbug press makes a great parade
over it, as though sensible men we're
to abandon their convictions because
Of rise in grain; but they fail to tell
their readers that the bottom might
drop out after election. They say the
market goes up because Liverpool goes
up. If so, that would not show any
great business revival in this country.
But liverpool cables are poor guide,
because experienced men know that
those cables are very deceptive. Liv-
erpool has very often two sets Of pri.
ces-one that they cable abroad and
the other private arrangement on
which they do business at home. 1t
would not be very much OF job for
an anglo American syndicate to boost
the market here by putting up Liver
pool cables IL the syndicate had the
Rothschilds, the Bank Of England and
Pierpont, Morgan & Co., or an OF them
to back it; big traders over there
would not oppose 1t; they would sim
ply step aside and let them run It,.
Anyway some well-informed English.
men claim that there is a wheat trust
in operation, including a great capital
ist in this country, with branches in
Minneapolis, New York and Liverpool
1t will not be forgotten that in the
spring OF 1895 wheat had 30-cent rise
only to drop off 95 cents again. Thai
occurred when the silver question wa;
causing much discussion among the
farmers, and then our goldbug press
proclaimed that the great advance In
wheat and the evident return Of pros
perity had dissipated the silver crazi
from the farmers minds. At that time
a great deal OF noise was made abou
the great number OF cargoei
ordered from California TO Australia
1t turned out to be two small cargoes
reported twenty times over. Now
the report is OF vast shipments to keel
India from starving; it may turn ou
the same as the Australian shipment Is
Another thing to be considered il
this connection is the fact that a
least half OF the winter wheat haS
been marketed before the price wen
up. Small farmers caunot hold thei
grain, and too often they must sell /
at the thrasher to meet obligation
that nave been pressing for months
For every d1llar that the grower ha
been benefited by tho rise, pit trader
have probably made hundred.
One man in ST. Louis "eleaned up
5000. 900 in II week, and syndicRt
there more than Eve times ss muc
more /; will be hard TO convince tn
farmer that he has received his jus
share of the increase.
A correspondent OF the New Yor
Evening Post says that those VIII
have studied the situation closely fig
ure that the average farmer has bee
helped 5000 to $500.
This statement is absurd enough I
make frog laugh. 1t assumes tina
the average farmer has on hand sbou
5000 TO 4,5O0 bushels OF wheat
whereas, as a matter OF fact, the aver
age farmer at this season doesn'
carry in his granaries 500 bushels
Some OF the large syndicate branche
may be greatly benefited, provides
their profits are not gobbled by rail
roads charging all the traffic vii
bear TO market the produce, but tn
average farmer" grow forty TO sixt,
acres Of wheat and the average yield
is less than thirty bushels an acre
The average crop" is no more thai
1000 bushels, and more than half o
this is invariably marketed immedl
Ately after being threshed Thes
extravagant statements from the gold
bug press ought to convince the aver
age farmer" that the whole business !
/ "A nut.un fOb