The Harrison times. (Harrison, Boone Co., Ark) 1876-1938, 1906-06-02
WORLDS WHEAT CROP
The Enormous Surplus Raised
Has Depressed Prices.
PROTECTION DOES NOT PROTECT.

Price OF Farm Products Governed
by the Demand = The Democratic
Policy Would Protect the Farmer
and Other Consumers From Trust
laundering.
The wheat crop of the world for 1905
Ii estimate from data In the Liverpool
market. as complied by Dornbusch's
list, at 1881, $780, 900 bushels, which Is
$50, 100000 bushels more than the crop
of 1904. The estimate of the crop of
the United States for 1905 Is $50, OO0,-
900 bushels. an excess over the preel-
GUS year of 104 100000 bushels. There
was very little of the crop of 1904 re-
naming when the crop of 1905 began
to be marketed, and the worlds crop
of 1904 of 2,S42, 100000 bushels is prob
ably very close TO the actual needs of
the worlds consumers. There was
very small surplus over home require
ments raised In the United States In
1904, which indicates nearly an aver
age per capita consumption of six and
nlne-tenths bushels, or thirty -four and
0ne-half bushels for the average fam
lily of five persons.
The United States, therefore, has at
least 104,000000 bushels to dispose of
In the markets of the world, which
market also has further apparent sur
plus of 1876. 100. 900 bushels
This accounts for the drop In the
price of wheat In foreign markets and
also in this country and would indi-
cate that from now until the prospect
of the crop of this year is certain the
price here will have to be on the ship
ping basis-that is. the Chicago price
will be the Liverpool price, with the
transportation and other charges de
Quoted.
There Is no protection from the tariff,
therefore, for the grower OF wheat In
the United States, although the tariff
law provides for % cents bushel ON
wheat imported, but as no wheat is i'm
ported and on the other hand our sur
plus over what Is consumed here must
be sold abroad. the price both at home
and abroad IL fixed by the amount of
fered on the foreign market and the
general demand for it everywhere.
Those farmers who are holding wheat
for higher price should be prepared
to hold II until the prospects of the
coming crop are known In this and |
other countries. Ii the average pros
poets are poor, the price will advance,
and If good crops are promised the
price will remain low.
Americif etenaSd Pre- Scr an
a delusion and a snare to induce him
to vote to continue the policy that pro
tects the trusts and combines, but
leaves the wheat grower and the cot
ton, corn, hog and cattle grower to
compete with the "pauper labor" of all
countries that produce those necessi-
ties. The farmer that votes for Repub-
lican candidates for congress and Re
publican candidates for the legislature
In those states where United States
senators are to be chosen Is voting to
Increase the cost of everything he buys,
WIN ho corresponding uuNduCt III Tue
price of what he sells.
The Democratic policy Is to SO revise
the tariff that the protection which the
trusts now enjoy would be eliminated
and thus. through the threatened com
petition of foreign products, compel
the trusts to reduce the price of their
products to reasonable basis. That
would not exactly put the trusts on
the same footing as the farmers, for
the trusts would still have some pro
lection, while the farmers have none
but the latter would gain because the
cost of what the farmer buys would be
less. In fact, all consumers would
benefit alike under the Democratic pol
Icy and no one would suffer except the
plundering combines and trusts and
the Republican politicians who are In
league with them and who the trusts
supply with campaign funds to keep
the party that protects them In power.