Bismarck daily tribune. [volume] (Bismarck, Dakota [N.D.]) 1881-1916, 1904-09-05

slskARcK DAILY TRlsuNI
HOLD YOUR WHEAT.
An Appeal g Farmers il the Spring
\. 4 y. Wheat States. 3s
The American Society Of Equity,
headquarters, Indianapolis, Ind, ad.
dresses the following appeal to farm,
ers IN the spring wheat states This
is the society that urged farmers to
hold their crop last year for one Dol
lar. It has issued its 1904 bulletin and
has set the price Of this crop Of wheat
at $1.2o. The appeal follows:
A great obligation rests upon you.
We will make it plain and urge you to
discharge 1T to your own interest and
those Of your brother farmers. /
The 1904 crop Of winter wheat was
very short, Estimated by this society
at t5365 100000 bushels, but discounted
50,000,000 on account Of 4 damage by
rust, rains and other causes, making
it 3l0,00O,00 bushels on flour. max
ing basis. This Is about 100000, 900
bushels short of the crops grown for
several years, while consumpt ion is in
creasing rapidly and the country is
scraped clean, of wheat and -four.
Late developments confirm our esti-
mate and every body has settled down
to. the conviction that unless the
spring wheat crop is abnormally large
extremely high prices must prevail
2 All eyes are turned to your states.
The conditions there are variable, and
no correct estimate can or will be
made of the crop for sometime vet.
sMillers, elevator interests, railroads
and half of the spectators want the
impression to prevails that little dam
age has resulted because of the late
ness Of the crop and rust. In the last
issue Of the Mort hwestern Miller, four
pages were devoted to minimizing the
crop damages and to showing that the
balance Of the area will yield so
abundantly as to make an average
crop. This is only natural, because
they want millers to get hold of the
farmers wheat at as low a price as
possible. f any great loss, has occur
red they want to keep knowledge OF it
from the farmers until they have part
ed with their crop, n S+ ~ # 5s Ii u
The same was true in the winter
wheat sections, the bulk Of the wheat
was sold before farmers knew how
short the crop was and how much it
was damaged. Buyers flooded the
regions where the wheat was good
and sucked the country dry in a very
short l time. Is this not so? The
farmers now realize that they missed
their opportunity, but it is too late to
repair their loss. # f5 4 " <. : 4 VI; n II.
II#s 1t is not too late for the spring
wheat growers to get. an equitable
price for their crops. All eyes are
turned in your direction. This socie.
ties bulletin dated July 25th recon-
rnended q price Of $1.2O per bushel for
u ~
the 1904 crop and gave reasons to
Prove the equity Of this price. AT
that time It Z, estimated the SPRING
wheat crop at a full average. There
fore if you raise a full crop 1t lis worth
$1.2O on basis Of Chicago market. Ii
your crop is seriously shortened and
damaged it will bring more. We don't
need to go into the damage Of your
crop to sustain our position. The
shortage OF the winter wheat x crou
abundantly justif1es the price. If We
allow Tor an average spring whea,
crop then the total crop won't bring
the farmers as much at ST. 20 as. last
yes ad 3 ss$ crop would have brought at 81
No person viii deny now that last
years 8 crop was worth 81. because the
demand sought It at that price and
more None was left over at the 81
rate. s!. =: w 7. .:J5. Il
The attention OF wheat growers il
again directed to the 1903 experience
When this society issued It's famous
dollar wheat bulletin, Chicago No.
wheat was selling under 70 cents. The
arguments were SO convincing and the
equity Of the price so evident Ito farm
ers) that thousands OF growers he'll
their wheat, The idea was ridicnlet
by millers, but now they all admit
that the farmers are 4 factor. in shap
ing prices This was evidenced 5,
their eagerness to buy up this Winte,,