Bisbee daily review., 1907-10-26
WHY CEREALS so .HieH IN PRICE.

HIGH IN PRICE.
 Everyone interested in the markets Is trying to explain the reason why cereals are so high and it is said on competent authority that these prices maintain because there is very big shortage of the crops of corn wheat and oats. in the foreign countries. and that the markets of the old world are looking to the United States, the gran: ary of the world. to supply them with foodstufs.
 The crop of cereals in this country Is not greater than usual and it is estimated that the yield of these food stuffs will be about normal or on the average of the past decade. For the past few years the yield of cereals in this country has really been ab- ] normal and consenuentlv when the yield is but normal in this country and a shortage appears in the old coun- try then it is but a natural conse- queuce that the prices of these crops should advance into the high figures. Wheat at more than S1.10 is price that is an advantage to C e farmer and win mean an added prosperity 10 the country even though the consumer will have to pay more for his flour. Again the area of wheat and cereal lands is constantly increasing which means that although the yield per acre might be less the added acre age of cereals will keep the total of the crop above or equal to the regu- lar yield.
 Russia this year has not the yield of wheat it usually has had and while the crop could not be called a failure yet it is partially so. Australia's crop is not mp to expectation and India's is not sufficient to feed the swarms of people of that land. The only two countries in the world which have a usual harvest of wheat are Canada and the United States. Even South America is below the average in its I yield. All these facts are very in teresting inasmuch as a snort time ago Joseph Chamberlain was known to have advocated an imperial alliance
 between England and her colonies with a differenual in trade in the way of tariffs. the idea being to monoplize
 the whole commerce between Eng land and her dependencies and to shut
 out all of the remainder of the world. Il How would such a policy work out
 under present conditions, when the colonies. so far as being able to feed
 the mother country, are sore put to it
 10 obtain food for themselves?
 Of course, there was little danger 1. that the Chamberlain program would ,be adopted. England had her expert ence with import duties upon food stuffs prior to the repeal of the corn laws, and the memories evoked by that period will probably prevent the passage of similar enactments for some time Still, a powerful party embraced the Chamberlain ideas, at , least in part. and went down to defeat , with him.
 The fact that shortage in the
 worlds cereal crop is apparent goes to show the interdependence Of La. TTv5Is 4 s saa
 dfssipates to a great degree the yed
 that one must prosper throusd an, | others degradation. I Ii is true that the shortage is prov ? ing temporarily good thing for the
 American farmer, in that it enables
 him to get higher price for his pro I duct, but at the same time it shows ], that we depend upon one another fol 1 assistance in time of stress, and un
 less the nations are fairly prosperous
 the only result of shortage would bc T famine. for they would not have the f wheresith to pay for their food. and g commerce.. instead of being stimulated
 would be depressed.