Cavalier County farmers press. (Langdon, N.D.) 1920-1921, 1920-12-09

because the huge majority of this
country know that the Forums state
ments on that question are a joke
(%undoubtly of paid ouality.) Instead
of as the League "a lers said, the
anne opinion being needed by all the
members of that organization; that
the manipulation of the grain mar
ket was not governed by any economic
law but by the greedy juggling of
the grain gamblers in order that they
may reap q huge profit at the grain
grower loss, has come home to nearly
all, as an actual reality.
With apologies to their local de-
fender instead of calling these leeches
that infest the pits and tell US what
our wheat is worth regardless Of the
cost of production, supply and demand
gamblers, the word robber is more
appropriate.
That TIE grower has to take the
price fixed by these robbers is seen
in the fact, that according to one of
the largest operators or the Chic ago
board of trade when he said that the
new corn crop was sold three times
ever, with a decline of ninty cents a
bushel before a single ear of it had
left the farm
Many have been the excuse offered
by the board of trade for the jumping
jack %fluctuation samples of which are
"wheat declines eight cents as east
ern trader sell heavily" wheat
closes strong two and one half cent
rise On Bolsheviki successes in sonth-
ern Russia are confirmed Bears domi.
ate market, bulls most likely were
dehorned) wheat closes weak, failure
of two N. Oak. banks causes DROP"
The above are fair samples of their
propaganda that has to date caused
the wheat producers, according to
Senator Capper. a net loss of one
million, five hundred thousand dollars
on this years crop alone.
To what extent has the consumer
profted on this gigantic robbery. In
July before trading in futures were
resumed, wheat sold in Minneapolis
for three dollars and fifteen cents.
Bread wholesale cost eighteen cents a
loaf. Now with wheat worth any,
where between one dollar and twenty
nine cents and one dollar and thirty
eight cents. Bread wholesale costs
seventeen cents. Flour has declined
but not enough to justify any great
drop in dread prices, according to the
bakers and millers.
What we need is the adjustment of
trading in cash or future options.
Cut out this gambling aud in it's place
have the price of wheat based upon
its cost of production, plus a fair
profit, with facilities to store it so
that it could be distributed through
out the year as mills and export
trade demand it.
In a basis Of trade reports a few
days ago they said wheat is a drug
on the market eff that is the case
the farmers that have grain in stor-
age at the elevator should meet this
fabrication by Withdrawing their
grain as needed. What would hap
pen? Could the elevator supply the
actual wheat? Never, because it's
estimated that nearly SO million
bushels in this state alone were
stored Yet in the terminal elev-
ator the net amount held in storage
Nov. LIST. was only g. 600, 900 bushels
what happened to the rest? 1t was
ground into flour or exported. Yet
they say, wheat is a drug mean
ing of curse the "wind' kind,
when their own reports admit a
world shortage in May or June and
as we'll the daily news dispatches
tell us of starving Europe, shows the
supply is short and the demand great
for actual wheat!
What we need in Congress, is men
that will enact laws to abolish or
curb such nefarious parasites that
infect our grain exchanges, kill
gambling in necessities of life! But
never can it be done by sending men
80 congress that admit "This econo-
mic i'll exists but | have no panacea
TO offer az was the declaration of
the man whom defeated John M.
Baer for Congress; thus, the majority
are to blame for this damna5le
gambling system when they cast
aside a man like Baer who had
pledged himself, as we'll the organi-
cation behind to rid the grain pits of
such unfair manipulation as the
robbers are now doing and have
done for years, However, the fat
boys of the pit know that their
power was gained thru political
action, so in order to be safe and
~@1,,.o &L>,, L-l1-- c-- "