The Ward County independent. [volume] (Minot, Ward County, N.D.) 1902-1965, 1909-11-11
A. S. Of E. Annual Meeting

nual convention at Valley City,
October 28th last, the American So.
ciety Of Equity, your organization.
has completed three years Of The
history OF It's existance. You would
naturally like to know what the
society has done to, justify its ex-
istance, and to warrant it's claim to
the support of the farmers OF the
Northwest To the farmers a who
have followed our teachings closely,
no explanation Of the above Is ne;
cessary; but to those less informed
who hold in suspicion all organiza-
tions OF this kind we wish to speak
briefly.
The American Society Of Equity
was the first to begin an organized!
campaign for dollar wheat, prior to
1907 NO concerted effort had ever
been made to prevent ruinous prices
on farm products. You remember
that wheat in 1906 sold as low as 05c
per bushel the yield Of that year was az
no greater than the yield OF l9oS.
From the promising outlook early
this summer the spectators had
thought that the history OF the mar ar
kets in 1906 would be repeated ms
j wear. Mr.. Patten you remem.be pre-
dicted S5c wheat ,this fall DID ne
DOT ~ NO And why? Because the
farmer has been educated IN the
business principles Of marketing ms
grain. The Chicago Inter ocean o.
September 18th, last, quotes Mt
Patten as saying. THE production
Of wheat this year is far larger th ina
that Of last year. The farmer mas
not made up his mind as yet JUST
what to do and until the farmer !s
makes up his mind we need not expct
low price for wheat"
On this subject the Market ''e iheco orr
the official paper Of the Chamber OF
Commerce OF Minneapolis In aos Is
sue Of August 10th, has this TO say
"The farmer has been educated along
the line Of scientific marketing ana
has had the influence OF a sociecy
bent upon debating the prsce a.
which the grower should dispose u
his products There are lnn ltlt'V'
able statements Of similar nature
bearing on this subject. Tney 80 a.
come from Spectators, the enemies
so to speak, and in view OF tnls NO
one can truthfully say that the SO
ciety Of Equity has not at least ~
aome measure been success. We
helieye that the business precision
and the concertedness OF sactl Vl'l
with which the farmers ohls year
have marketed their wheat have '' lar
surpassed the fondest expectations OF
the early promoters Of the American san
Society Of Equity. Can any one re-
member in the history OF the Noren-
vest when cash markets have been
| kept above the options? !,
Vet. this is the report when tle
SHistorians Of today have 70 give.
4 A word with reference to the STU
fation at the Terminal markets. g
Abe present time. From the letter
issued from the Chamber Of Com
meree at Minneapolis October 2stn'
we CLEAN the following the seooAs
Of wheat at the head OF the laAes
are very heavy, but on ,tne otnel
Ehand the amount in store IN unas
market is abnormalW small. me
Ztotal amount in store IN the IVY
markets falls far short OF last year. year
gain November LIST, in speaking o.
me increase in the worlds shipments
Ethe letter goes on to say, AL tn :.
Va vored the bears, but aching directly
against this was the very bearlsn
kactor Of the small amount OF Wneat
n store at primary markets l'se u aI'i
nose holes are filled the trade gen
hrally does not expect TO see any
material decline in prices. y re.
,re those above mentioned 'holes.
We will tell you. They are me
anee Terminal Elevators, which now no
ire practically empty Elevators
18th the capacity OF forty mlnon
mshels have in them today Dut W.
nilion five hundred Thousand ousn-
n, This Is all the wheat that =
storage at the Minneapolis Ter
NJ, |, at the present time. Tue so
l'hled .holes will require talrty-
Esven million ave hundred Thousand !N
bushels before they are filled The
(,+samber contracts call for eleven
.hillion bushels Considering enae
here are only two and hall mA-
Ion bushels in Storage, the situation
very serious: ~ all means farm
hold On 70 yosr wheat ana an sies
& abovs naalsd contracts y coy y s..
"a At ! To- and Ne will soon have
k,van %ha \, lsfnr ont Of business. H