ADVOCA TE AND GUIDE. 51 



Had the wheat raisers been unionized they could have 

 easily changed their wages of $7,883,000 into wages of 

 $129,894,996 without raising the 1904 price, by using that 

 method of the speculators for changing a surplus into a 

 shortage. 



Such an opportunity exists every year. Why not union- 

 ize to grasp it? Had the wheat growers been unionized 

 they could not only have had proportionately as good a 

 price for all these good crops as for the poor ones, but could 

 have had much better prices for the poor crops. 



Chicago's Erratic Market to be Eliminated. 



Uniform and regular daily purchases of wheat can be had 

 only by stabilizing the price, and that can be done only through 

 unionizing to fix a minimum monthly price for a year ahead. 

 As it is now, with such erratic prices no regular buying is 

 possible. When prices are advancing rapidly everybody 

 stops selling to wait for the top, and when they decline 

 rapidly everybody stops buying to wait for the bottom to 

 be reached. This aids in forcing the pendulum of prices to 

 extremes. 



The following table of high and low prices on wheat in 

 Chicago each month from 1911 to 1917 inclusive for No. 1 

 Northern, given in cents and fractions per bushel, shows its 

 extremely erratic nature and justifies its permanent elimina- 

 tion. The price after August, 1917, is uniform because of 

 government-made price of $2.20, and options in wheat being 

 discontinued. It will be resumed after the war if the wheat 

 growers do not unionize and take o\^er the price-making on 

 wheat. Now is a very favorable time to do it while Chicago 

 has suspended temporarily. 



Remember that prices at the wheat raiser's home market 

 for the bulk of this wheat was always twenty to thirty cents 

 below this Chicago price, and also that the most of it was 

 marketed during the months of lowest quotations. 



