The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1909-07-16
WHEAT FIGHT AND PRICES.

Inc other day when the wheat har.
vest was in full progress in Kansas,
an old farmer, taking in the best stand
OF winter grain that he had reapcd for
many years. was congratulated upon the
great harvest be was making. "'Wcll.
don Z know he said, cit is pretty
diihcuit 10 keep up expenses in these
days OF high prices; and | don Z be.
ileye that wheat is going to be moro
than q dollar this year. Last wear
on a harvest of not quite so good a
character as this. he was glad 10 sell
Tor slXty-four cents; and in other years
ne was satisfied TO take fifty cents a
oushei for his wheat This year he
grumb!es because he thinks that wheat
might not be ofer dollar.
The dispatches from the East these
days dissipate that fear completely
Patten is still king of the wheat pit
and wheat is $1.20 to $l.27. with pros
poets of even higher prices ahead.
1t takes Very little to upset the Chi.
cago wheat market, which is the con.
trolling market for wheat in the coun.
try. II seems that some additional rain
In the wheat growing section, sent the
market sky-high. Another explanation
is that Patten is getting in his squeeze
again, and that the shorts are hasten.
ing to cover But whatever reason NAV
be offered. the fact is, that wheat is
away up above a dollar, and some are
claiming that it viii go to $50 be
fore the end Of this month, in which
case, the Kansas farmer will easily
realize double the money for his wheat
this year that he got last year.
The Government winter wheat report
of July 1st, showed condition of S2.4
per cent. This contrasts with the re.
port of June lst. of SOL per cent. The
indicated Weld per acre, however, in.
creased only four-tenths Of one pei
cent during the month, which would
seem 10 be an insignificant increase in
yield, when the increase in condition
is considered The acreage was %.
s1l,lGO. The Indicated crop on july
lst was 9,704 900 bushels.
The spring wheat acreage this wear
is 1891 600. The condition of spring
wheat June 1st was 95,2 per cent. For
July 1T was 92.7 per cent, a material
decrease, and yet the indicated Weld
per acre is given in the Government re.
port as precisely the same under the
decreased condition as under the more
favorable condition, and the indicated
l.. Al, -fy-
bushels
The total area in wheat. both fall
and spring, for this year, is given al
46,262, 900 acres and the expected crop
at 663,500,000 bushels, 10 last year s
664 COZ 900 bushels This does moi
tally with the separate reports given
for the expected crop of winter wheat
and spring wheat combined; but the
difference is not great. and the figures
are official in both cases, although they
vary.
The Weld Of corn promises TO be
greater this year than ever known in
the history OF the country. The crop OF
1906 has heretofore held the record al
1927 7.416,091 bushels This year the
expected yield Of corn is 3,l61,1 Ia, 900
bushels
The yield of oats also is we'll up to
the highest figures ever known in the
history Of the department, the expecta-
ton being that 962 1888 900 bushels of
oats Will be harvested.
Evidently il is not without reason in
the backing of the crops of the country
that the manufacturing, industrial, and
financial recovery from the panic OF
1907 is being realized at such acceler.
ating speed this year.