The Bottineau courant. (Bottineau, Bottineau County, N.D.) 1895-1929, 1907-07-26
WHEAT
AT $l.25
New Hope of the American So
ciety of Equity.
DEMAND FAIR PRICE
Thousands of Acres Are Pledged, but
Minimum Figures Are Not
Named.

e. indianapolis, July 6.-'Tell
me what the wheat grower in
tends to do and I'll undertake
to forecast the Market" said a
Chicago Board of Trade operat-
or who was here to-day endeav-
oring to secure a line on the
situation. 1T will be interest
ing to watch the course pursu-
ed by the farmer this year," he
added. If he holds his wheat
back he is in a position to die
tate the price of the crop to an
extent not generally believed.
In some quarters derision has
greeted the efforts to control
marketing, but l notice that a
number of the wise ones OH
the Chicago Board of Trade are
sitting up and doing some
thinking. Spectators who
watch the signs of the times
realize that the wheat grower
is in a better position to dictate
the prices of the product than
ever before, owing to the close
adjustment of supply to require
ment the world over. Some in
the trade have stigmatized
the minimum price idea as
"a chimera, but the thinkers are
not talking that way.
CAN ENFORCE A MINIMUM PRICE
If the American Society of
Equity continues the campaign
it will have no difficulty in en-
forcing a minimum price on the
wheat crop provided, of course,
that it's members stick togeth-
err"
Spectators all over the coun-
try are watching with keen at
tention the pending campaign
to control the wheat crop of
1907. Launched as the Dollar
Wheat" campaign, the original
tocsin was amended to Dollar
Wheat to Stay" Meanwhile
fortuitous circumstances had
put futures over the dollar
mark on the Chicago Board of
Trade, but this being merely a
temporary condition, neither
Influenced nor retarded = the
work of the American Society
of Equity to pledge the crop.
CAMPAIGN PLANS PERFECTED
At the Omaha convention of
grain growers, under the aus
pices of the society, last month
campaign plans were perfected
and each day is now adding to
the acreage under pledge from
Oklahoma to North Dakota.
The campaign is being direct
from Indianapolis by L. N.
Stats, chief of the grain grow
ers' department of the Society
of Equity, assisted by an ex-
ecutive committee composed of
J. A. Everitt, NJ. O. Hall and
L. p. King.
No minimum price has yet
been fixed bv the society for the
crop of 1907, but the grower is
putting himself in a position to
insist on a figure based on ex-
listing and prospective condi-
tions, a basis of equity to be
correct. When the slogan
Dollar Wheat" was fir s t
sounded the campaigners ,ex-.
pected a normal crop of 7OO,-
600, 600 bushels, or more, in the
United States. With that pros
pect a dollar a bushel appeared
equitable, but conditions have
changed materially since.
An unexpected shortage is
assured and the crop estimate
has been reduced to 525. 600, 600
or $50, 600, 600 bushels.
DEMAND, AN EQUITABLE PRICE
It has cost growers as much
toll and expense to raise the
short crop Of this year as the
bumper one of 1900, which was
765, 600, 600 bushels, and they
have the same capital invested
said an officer of the society Of.
equity. Therefore, we con-
tend that in equity they, in
common with other manufac-
turers, are entitled to as much