Lewiston evening teller. [volume] (Lewiston, Idaho) 1903-1911, 1904-09-17
Grain CROPS
ARE SHORT
u,.h Prices Will Prevail Says
Prominent Portland
Authority

patarson. editor of the CONNER
paviav was in the city yesterday |
.-N portland Mr.. Peterson is one of
.sa greatest authorities on the crop and
a;n situatiou in this country. He Is
on his annual visit through the
..,.s af oregon. Washington and
,,oho He has completed Oregon and
~, of Washington. He has just fin
'shsa mn in Idaho and has looked the
.;t,ation over carefully. Mr.. Peterson
,os been editor of the Commercial Re
,.;aw for eighteen years. In speaking
..,,h The Teller reporter last night he
.,vewed the situation during the past
.;ohteen wears i'll general way and
ia that there had been wonderful
.ho,oes one of the most peculiar sit
no,ions is that eighteen years ago
.,oro verp over eight hundred inde-
,andent concerns doing business in the
.hree states but this figure had dwin-
dlad 10 less than one hundred practi-
oallv ali the grain business on the coast
and interior country being done by
AGENTS through corporations. Mr..
Peterson is an enthusiast in his line OF
work and he is 4 careful student on
conditions governing local and foreign
markets lie stated last night that
Idaho may BE- sure of a crop of at least
5125 900 bushels. He states that he has
made this estimate from a careful per
sonal study Of the field. He deprecates
the figures as given out by the Oregon
ian correspondent who recently gave
figures that fan short Of this one. In
speaking of the situation he said: In
reference to the crop of Idaho l am
greatly disappointed Of the results of
the yield which can be accounted read
iy for by the long continuous dry spell
which caused the yield to fall off 40 per
cent II rain would have come in July
or early in August there IS sufficient
acreage to have assured a crop of from
seven and one half millions to eight
millions of bushels. AS it is however
the yield will be something over the
five million mark.
"One thing strikes me forcibly and
that is that the farmers have come to
the conclusion to sell earlier knowing
that prices earlier in the season are
better than later on. | commend this
action or determination during normal
years and think that on the average the
farmers Will have realized it's benefits
but this year l think that they make
mistake IN selling their entire crop on
the earlier markets. Everything at the
present time indicates rise in markets
with no positive assurance of decline
The crop in the United States is short
from 10000, 600 to 200,000,000 bushels
and higher prices must prevail later on
france was usually an exporter bu
Will have to import 25,000.000 bushels
thls year, Russia is an exporter bu
owing to its troubles in the far Eas
Will not export this season. England il
very short and at the present are re
eeiving supplies from India Argentine
and Australia and is not coming to th
american market. Buyers in England
are waiting for the results of the nev
crop which will be ready to harvest il
sixty days and they are banking tina
uney Will have a large a crop as las
year. II the same should prove con
tary 1t is difficult to forecast grain vii
VIII go. 1t is my firm belief that Idaho
oregon and Washington will harvest
crop OF from fifty to fifty-three million
VI bushels. 1t would be little surpris
ihe should wheat advance to ninet
vents IN your local market"
Mr. Peterson left this morning fo
ponits IN the Palouse country and Spo
Aaiie after which he will return to Port
land.