The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1896-09-19
THE FARMER LOSES.

Mr.. James j. Hill said the other day,
wheat situation:
I am firmly convinced that wheat is to-
day worth Is cents than the farmers
receiving for It.. And they would re-
ceive the Is cents II the times were better
and the country was not in the throes of an
exciting campaign.
Mr. Hill is not interested In the con-
dition Of the wheat market as bull or
asbear He looks at 1t simply as a
man OF large intelligence, great ex-
perience and familiarity with all the
conditions. and expresses an opinion
which is coneufred in by those who
are best competent to Judge every
where. A short time ago Mr. Pills
bury reviewed the situation, compar-
ing the surplus of wheat in sight, the
available supply and the present con-
dition of the crops of the year on the
one side. with the certain demand on
the other, and concluded that wheat
ought to be worth 10 cents bushel
more than it is bringing in the markets.
IL T.,
we will find that everything there
corroborates these facts. Receipts at
the central markets are unusually light
for this time Of year. while there is an
almost unprecedented increase and
steadiness in the foreign demand The
report for Friday stated the receipts
of
loads for the previous day, as COM
pared with 1043 the week before. and
1888 on the corresponding day the year
previous. The quotations of wheat had
advanced sensibly in Liverpool and in
Berlin. That these advances were not
speculative appears from the fact that
New York for foreign account. There
is heavy buying for export, and vessel
room has been engaged literally ahead.
These are the conditions naturally
accompanying a short supply coinci-
dent with liberal and constant de-
mand. The natural fruit of them would
with all these causes operative to force
upward the market for the great staple
Of the Northwest, wheat rises only
cent or two and then says back again
to the old level so unsatisfactory to
the farmer. What is the cause? 1t
has been pointed out by Mr.. Hill. and
1t is evident to every business man
who looks at the situation with an I'm
prejudiced eye. The trouble with the
wheat market is the same as the
trouble with the market for everything
else. 1t Is the agitation for a revolu-
ton in our monetary system, and per-
haps that of our government itself.
which keeps capital in hiding.
Here Is the place where that capital
which Mr.. Bryan is so fond Of deriding
and denouncing shows its usefulness.
Labor has done It's work. The honest
toiling millions OF farmers throughout
this country have wrought Faithfully
and produced millions of bushels Of
wheat. There their part ends. To carry
that wheat until it can be consumed
since it will not all be eaten today or
tomorrow. is the part Of capital. To
transport the grain from the point of
production to the point of consunp
ton Is the part of capital Vast sums
of money are needed to do this. The
service is just as necessary to the pro-
duction OF wealth as is the blowing of
the land and the threshing of the grain.
1t is legitimate service in which capt.
tai is wont to find active employment
and reasonable prof..
This season finds 40 csasaficient
amount of capital avaiiable Tor the