Willmar tribune., 1900-10-20

grade in the Liverpool cash market
has ruled Sc per 100 pounds higher, as
the average for the crop year.
6. The popular white winter wheat,
No. l California, which commonly
tops the European market and in 1885,
80 at Liverpool ruled sc spot above
No. l Northern Duluth, averaged only
lc>per 100 pounds, or a tritle over half
a cent bushel, over Minnesota's con-
tract grade under the inspection of
the past year, Indeed, during the last
sixty days of the crop year just closed
No. l Northern Duluth ranked &c
above California's crack grade,
whereas during the same period the
year before it was &c lower.
For the accuracy of the above COM
parisons, see the quotations of the
Liverpool spot trade as publ ished by
Broomhall's Corn Trade News, or the
equally we'll known authorities, Dorm
busch and Beerbohm. The quotations
|
free from the speculative feature of
the option deal, and the Liverpool
market is cited because it is the CEN
ter of the worlds wheat trade where
all grades compete.
The evidence of the worlds markets
is overwhelmingly in favor of the high
standard of Minnesota wheat and Min
nesota inspection during the present
regime. The proof of the pudding is in
; the eating, and the evidence of the
high standard of Minnesota wheat
grades is the worlds spot cash mar
ket. Political theory and guessworlz
and partisan falsehood and misrepre-
sentation must succumb to- the hard
> and positive facts of the worlds cash
commercial operations. When Liver
pool puts up the cash for Minnesota
inspected wheat at Sc to &c more per
Genital than for corresponding grades
from other parts of the country, it is
| vain for a. Minnesota political organ
to decry Minnesota wheat and Mime
sofa inspection. When the St. Paul
Dispatch, in an editorial written by
the present chief of the republican
state campaign literary bureau, utters
the deliberate falsehood that ''the red
winter wheat of Iowa, Kansas and
Missouri . is actually SELL
ing for from to 6 cents bushel
more than the Minnesota and Dakota
grain," the desperation of the old re-
publican regime, which has robbed
the farmers on wheat inspection for
years, is readily understood.
This republican political falsehood,
maligning the leading product of Min
nesota farms and striking at the first
effective effort in years to give just
and honest wheat grades to Minnesota
farmers, was uttered February Doth
last. What were the facts at the time
of that utterance? What had been the
comparative values of Minnesota
wheat and "the red winter wheat of
Nebraska, Iowa, Kansas and Mis-
souri, during the preceding six
months of the new inspection year:
Was the red winter, selling "for from
4 to cents a bushel more?:'' The re-
verse was the fact. Red winter was
selling at &c to &c less. Both New
FORK and Liverpool daily quotations
showed it. This political attack on a
/ product which means to Minnesota
farmers something like $40, ,OOO, 900 per
annum would be serious were it not SO
foolish. The interesting side of this
republican attack is that during the
!! last year Of republican inspection
! Minnesota wheat was actually quoted
|e trif1e below the red winter, while
during six months Of inspection under
the new regime, Minnesot wheat in
i the world IS markets stood steadily and
strongly higher.
! S For the purp Sc Of comparis take
the closing week i, quotations Of the
/ New Z ork Comme and Financial
Chronicle for the eight week Of . anu
1 airy and February this ar, Just prior
/ to the ST. 2 Paul Dispatch utterance.
/ 1 Red " Winter and n q. Northern D,l-
1Iluth are equival lent q ontraet grades,
4 50 the comp On is just. Alongside
y st this years qlotatio ons for those two
{ ]; months, place the quo ations Of 500
] ]. and 1898 for. the CORE pond ing weeks.
i 81 The shus insp On off 800 is thus
compared with the Cl Clausen Inspection
of 1880 and 1898 der the ublican
sregim,e. q The q & losing weekly quota