The Brookings register. [volume] (Brookings, Brookings County, S.D.) 1903-1971, 1915-03-11

the traders, the nerve StIuhS CIo"u
of historical spectators, all ready to
stampede the market up or down with
The reckless vim of "madmen at bay"
For proof we quote from market re-
port of same date "On a report that
some Of the Dardenelles Forts we're
being bombarded, wheat dropped eight
cents per bushel, in three minutes.
News? Anyone who had read the
papers knew that those forts had been
bombarded for weeks, II not for
months, and would continue to be until
they capituiated. Three weeks pre-
ylous (January 11th) on a similar re-
port wheat dropped FIVE and one-half
cents.
1t was terrible news to those Specu-
lators whose business was to watch
and know" In three minutes the
work of arch spectators was COM
pleted. The ~trailers, scalpers and
lambs" their margins exhausted had
been shaken out. Then suddenly some
one else frantically waves another
yellow message with the news that
New Zealand had authorized the i'm
portation of wheat and in five min
utes the price rebounded II cents
per bushel.
News? In the Farmers bulletin No.
GAL issued November 23rd. page 7, we
find the following: 1.-The growing
Australian crop has been so reduced
by drought that there will be little or
lone for export"
Let III apply a little horse sense to
the New Zealand fake surprise.
From the Farmers Bulletin 629
issued October 10th, we find that the
worlds average crop of wheat is
about 1000, 0OO, 900 bushels. The Aus
tralian average is about 100, OOO, 900.
New Zealand has a population of about
900, 900 or three-fourths of South Da-
kota and is included in the Australian
report. This year, owing to drought
Australia will have little or none to
export, and New Zealand may import
a little wheat and in five minutes the
spectators advance the price II cents
per bushel.
What effect did those two telegraph
messages of months old new have
upon the Minneapolis Chamber of
Commerce as per market reports?
The Minneapolis traders suddenly
awakened to the fact that they were
relatively 7 to 8 cents above the Chi
cago market. CONSERVATION ruled.
Sale orders came SO thick and fast
that the downward course was ex-
pressed in jumps of a cent at a time.
Chaos reigned, there was a riotous
quarter of an hour in which the pit
was a thing seethingly wild. The
traders were like madmen at bay. -"
Then the bulls swept in and gained
absolute control. The break the out
slider expected did not develop as
breaks expected by the outsiders sell
dom do"
The foregoing demonstrates that
Minneapolis spectators are simply
trailers after Chicago, and Chicago
means, Armour, Patton and Cudahy.
A few days later on a report that
the snow was melting in the winter
wheat belt the spectators ran the
price down eight cents per bushel. AS
though it were an unual thing for the
winters snow to melt in Kansas. A
few other news reports that have rock.
ed the market boat:
Sweden and Italy removing the i'm
port duty.
Bad weather conditions in Argen.
tine.
Lighter Plate offers.
Increase in Insurance rates.
Italy buying 1000, 900 bushels.
Excessive margins called by com
mission houses.
Execution of stop loss orders Great
ed a semi-panicky condition.
Report of government investigation,
Can you'beat it outside the insane
asylums?
Producers, handlers and consum.
ers" don't you think it is about time
that you relieved Mess1s. Armour, Pat.
ton and Cudahy of the great burden
they have assumed in operating this
Invaluable modern Device" This
Superior method Of handling the i'm.
mense farm SURPRISES of grain and cot.
toni"
Weighed in the balance and found
wanting" would be a very mild yer.
dict when comma rod with tho dovicoo