Forest City press. (Forest City, Potter County, D.T. [S.D.]) 1883-19??, 1912-11-28

every day in the year. and is consumed.
as fast as IT Is harvested. The harvest
ing of live stock can be delayed. Whether
the farmer sells his live stock today or a
few days hence is usually only a question
OF a little more feed. to be compensated
by additional weight when sold. Hence.
II the demand and price weaken Oh ac-
count OF an oversupply on the market.
the farmer has only to delay the hayvest-
ing for a few days until the relation of
suppiy and demand. and the consequent
prices are readiusted.
1t Is not so with grain. Grain does not
day in each year. All the grain raised
in Nebraska natures in the same few DAYS
IN zach autumn, and al the small grains
days after they mature. AS all the vast
crop Of grain natures at the same time.
and must be thus harvested within a
week. IT cannot, like live stock. be
The relation of supply and de-
mand and the CONSEQUENT prices
Eve stock. by delaying the harvest a few
days. The whole years crop comes on
the market at once. and the relation of
supply and demand. which determines the
prices, must be regulated by storing and
holding; Practically a whole years crop
must, therefore. be stored somewhere. and
ueait out to the consumers as demanded
during the 35 days following each harvest.
Ihc aggregate. crop Of a year is so vast
.hat u accumulated and stored in any
one market town. though as rich as Liver
pool. OF New York, or Chicago. it would
make so large a visible supply ana. for
,ne moment. SO great a surplus that ii
It's real value. and far below the cost of
production.
J.. is evident, therefore. that market
towns. with merchants and elevators, are
nluch more important for grain han for
live stock. From the point OF view which
ma, mas been suggested, i is also easy to see
magazines OF grain located in different
and widely separated market towns.
Store Grain Near Home.
Inc most economical point to store
grain liz in the market town nearest the
place OF production. To illustrate this
proposition. let us suppose that Omaha
was slch a market town. and that Ne
ora IA $ years supply OF grain was
consumption IL a part Of this demand
came from points which required the
grain to be ultimately shipped through
reason of its being stored in Omaha. be-
cause IT would cost no more to ship it
from Omaha TO Chicago, at the time of
before 1t went into storage at Omaha. II.
on the other hand, the demand should
arise at points in the north and south to
from Omaha as from Chicago, or if the
demand should arise in the west. where
II could be transported from Omaha more
cheaply than from Chicago. the whole
COST or transportation from Omaha to
chicago would be saved in the first case,
Justly the elevator men at Omaha in
ana at least double such cost in the LAT
Ter case. These savings alone would
paying more than the equivalent of the
Chicago market values.
Putting theories aside. experience has
proven that the market nearest the point
o, prodaction can and does pay the farmer
n or y lo +, MS grain products than a dis.
~ Nebraska grain, instead of being sent
10 chicago for storage. could be stored in
q market town in Nebraska it would add
l several CENTS MR. h1Shn1 tn tic nj, IN
inc hands of the farmer, which. in the
aggregate, would add millions per year to
the income OF the farmers.
Inc first example of the advantage
"hlch the farmer derives from the exist
n ,n @. a nearby grain market is the well
the west derived from the establishment
OF the Chicago grain market.
Prior to the establishment of that great
market M the local buyer of grain who had
TO- nun for a chance customer to buy
from him, worked on the basis of a
margin OF profit of from 10 to 20 cents per
Since its establishment, the local buyers
are willing to work on a margin OF a
fourth. or eighth or sixteenth of a cent
per bushel. which is all the farmer now
pays the middleman. against 10 and 20
At the time ! migrated from New Eng
market town for grain, the New Hamp-
SHIRE farmer sold his wheat for $3.50 per
nu.he! payable in gold. and the Illinois
- ai4Ns SOII 1llS MIOd lot SU cents npT L
bgshel, payable in 'bob-tailed" money.
The next example is the Kansas City
market. which Is not a highly developed
forms little service for the farmers or |
Itself in the matter of storing and carry
ing me surplus from harvest to consump-
perform services for the farmers in |
.roothtng" for high prices n low rates.
Tor which they exact a commission OF an
eighth to 2 quarter of a cent per bushei.
what Is the result?
1t is within your knowledge that the
i farmers Of kan,ss who i've within the
ceive several cents a bushel more for |
grain than the farmers Of Nebraska.
Highly Developed Market.
Ine next example to which I cali your |
attention !, the Minneapolis market.
not only. works the markets OF the world
Tor the highest prices. and the transpor-
tation companies for the lowest rates, but
narily high prices, always much higher
than the price in any other market in
s ne. world would at the time justify. and
uiIamate onsumcption.
While 1t Is in It's elevators 1t cleans It
and mixes It and sorts Il. It sorts It into
It sells i short and buys it back again.
and finally. towards the end OF the year.
wnen the visible supply has been reduced,
elevator men rich. I do not know an
elevator man In Minneapolis or Duluth
err Of Ainnes6ta about Z cents bushel
more for wheat than the Nebraska farm
ers get for their wheat.
ment unsupported by an investigation Of
the facts. In order that I might be sure
g per ths s. '%RSs.. e. f nsis;e ! b nsy .,l Sna i an MIX *
two consecutive years. is55l ard isaa In