Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1901-09-26
WEALTH Of FARMERS
The Whole World Wants the Pro.
ducts Of the American
Farms.
-
Harvest Returns Show the Yield
OF Wheat Equal to Last
Year.
Indications Are That the Entire
Crop Will Be Needed..G Good
Prices.
Chicago, Sept. 2s.-The Orange Judd

Chicago, Sept 26.-The Orange Judd
Farmer for the current week says:
Harvest and threshing returns show
wealth of property for wheat farmers
of the United States seldom exceeded.
The spectators and the bearish opera
tors in this country and Europe are do
ing all in their power to- belittle the
price. exaggerating the worlds condi-
tons and encouraging farmers In every
way possible to force their property on
the market. How well they will succeed
remains to be seen. A considerable frac-
ton of the crop has already been mar
lseted, yet the bulk still remains in first
hands. and ought to return handsome
Profits to wheat farmers. A brief study
of world wide conditions this early in
the marketing season is in order.
The chief influencing factor at pres
ent is the very large movement of wheat
from first hands. Farmers in both win
ter and spring wheat territory have sold
with considerable freedom, and receipts
at primary points are large. This is but
natural. owing to the size Of the crop
and the fact that certain proportion
of farmers always plan to sell direct
from the threshing machines. The free
movement, however, affords an excellent
handle for bearish traders to emphasize
III every way possible the one PROPOSE
ton that the United States has a
record breaking crop of wheat. But for
,t<~t,$ tNe s~fHyor nt
cents higher than a year ago. instead OF
lower. Millers in city and country are
good buyers. and there are signs OF
smaller weekly receipts at western win
ter wheat points.
Granted that the United States crop
Is magnificent one, there is every rea-
son to believe that 1t will all be wanted,
and IL conservatively marketed ought to
sell at materially higher range than
at present. There is a distinct shortage.
as previously shown in the Orange Judd
Farmers columns, in some OF the Eu-
ropean crops, notably France and Ger
many.
/ THE heavinees in the market turnout
most of September must be ascribed
very largely to the assumed indifference
of European buyers, who evidently
follow such tactics in order to hold
down the price. Thus in conjunction
with the liberal movement has more
than nullified the conservative buying
of many people who believe wheat
good investment at the present level.
The shortage in Europe, with necessity
OF heavy purchases in this country,
must of course eventually Offset in a
large degree the bearish effect Of our
splendid crop of wheat. The receipts at
primary points for the eleven weeks OF
the crop year, according to the Cincin-
natl Price Current, were ~, 451, 90 bu-
shells, compared with 63,7T2,0O0 bushels
year ago and considerably in excess
OF a normal movement.
:. A word as to worlds crop condi-
tions. The ministe1 of agriculture OF
Austria Hungary. who annually esti-
mates the worlds crops, made these
public September 10. They are subject
to later modification, and In trade cir,
5cles are usually more or less criticised.
yet afford some testimony regarding the
situation. This tentative estimate
which we have used in the large table
showing crop and price movement.
makes the 1901 worlds crop of wheat
2 624,000,0 900, compared with 1854, 0Oo, 900
year ago.
"Of the amount first named 1856, 000,.
600 is in export countries. Now If this
figure includes United States estimates
OF say TIE. 000, 900. 1t leaves only 11sl .000.-
900 grown this year IN surplus countries
The Austrian minister reported The to.
tai wheat crop OF exporting countries in
1900 at 1850. OOO. 900; take from this the
United States crop of last year, 100000.
600, leaves 1,2500o0,ooO. This suggestsa
that the surplus countries, outside of
the United States, have for the coming
campaign really less wheat than year
ago.