Excerpt from The American Elevator and Grain Trade, Vol. 10: A Monthly Journal Devoted to the Elevator and Grain Interests; October 15, 1891
Parties in 'the Northwest seem to have gone into the business of issuing Hold your wheat circulars as an occupation. The first circular was moderately successful, coming as it did right on the heel of distressing crop news from Europe. The success of the first was sufficient incentive for the issuing of a second, and this in turn was bolstered up by the third of the series, which was issued two weeks ago. That these circulars may have had some slight inﬂuence on the market is possible, though we doubt it; but they certainly have not had the desired effect of restricting farmers' deliveries. The delivery of wheat has been as rapid and steady as could have been wished; in fact, too much wheat has been thrown on the market for the comfort of either grain men or railways.
The third circular is off the same piece with the other two. One paragraph gives a summary of its contents as follows: In short, the situation is this: We will have extraordinary high wheat prices here with a moderate boom if we sell our wheat to Europe cheap, or we will have moder ately high prices with an extraordinary boom if we hold our wheat for high prices now. If we succeed in raising the price of cereals to the point the situation justifies, the boom in business will be unprecedented, and the workingman will have the benefit of it like every one else.
About the Publisher
Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com
This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.show more