Democratic Sentinel, Volume 15, Number 20, Rensselaer, Jasper County, 5 June 1891 — FUTURE PRICES FOR WHEAT. [ARTICLE]

FUTURE PRICES FOR WHEAT.

The Men . Who Produce Wheat for the Next Generation Will Be the Rich Men. Wheat is the wealth-maker of the future. It has been too cheap to produce for twenty years. The other extreme is upon us. Consumption of wheat has overtaken its production. There are no more Government acres to subdue for its production aud the increase in the population of the world increases its consumption over thirty million bushels per year. In the near future wheat will sell in the farmer's granaries at from two to three dollars per bushel. It is gratifying to have this yiew sustained by such an eminent authority as Charles A. Pillsbury, of Minneapolis, who is at the head of the largest flour mills in this country, if not in the world His position as one of the largest cash buyers of wheat in America makes it necessary that he should keep thoroughly informed as to all the conditions which are likely to affect the market prico of wheat and flour. Probably ub one in the United States has made a deeper study of all phases of the wheat question, or is better informed as to all the sources and statistics of its production, tho relations of supply and demand and all the conditions of tho market than he. C. Wood Dayis, in a recent elaborate article in the Arena, declared that the consumption of wh"at throughout the world had already overtaken production, and that at so early a date as 1895 the Unitod*States will have ceased to export wheat, and, in fact, would have to import it to supply its own deficiency. The St Paul Pioneer-Pres ß, stimulated by the statement of Mr. Davis, caused Mr. Pillsbury to be interviewed, and tho latter agreed with tho Arena "Vriter that the consumption had. in fact, overtaken the production, and that there had been no increase of acreage of wheat to correspond with its increased consumption in ten years. This will'be gratifying news to those who havo been producing wheat for the last decade at ruinous 1 y low pricos. They ought to have a benefit, and all signs of the times are wrong if they are not going to have it.