The Daily Ardmoreite. [volume] (Ardmore, Okla.) 1893-current, 1910-07-20


duction and will also have a clear
field for the immense export trade
OF Europe and the Orient assert the
oklahoma millers.
Ii IS because + this heavy expo,
trade that the wheat crop of this
state which is the earliest to be har'
vested must 90 into the bins of the
big dealers Did they not acquire 1t
/ Oklahoma grain men might bulld up
a thriving export trade through the
advantage OF the early crop, and there
/ by hit the barons a telling blow.
Oklahoma mill and elevator men
say that the export price OF wheat
which under healthy conditions sheuld
also be the price within the United
/ States. is - cents per bushel, but
/ that cunning speculation has forced
the market for the Oklahoma product
| to over 81. Though the surplus left
/ over from last year was large and the
present crop is heavier than normal,
/ the price has steadily risen as The
( Oklahoma harvest has progressed.
/ 1his has been despite the fact that
the export figure has remained sta
tionary at 70 cents and the millers
are finding little wholesale fr flour
since the country was Oyer-supplled
last season in an effort to dispose Of
the accumulated product OF specula-
ton
Tuesday the market went off 2
cents on the Kansas City and Chi
cGgo op,ion and local dealers antici-
pate a further drop. as they say that
the Minneapolis combine has already
! secured the cream # the Oklahoma
harvest and will not seek to marr-
/ tain the wild gamble. The Oklahoma
Export Company of Oklahoma City is
one of the largest whea, shippers in
! the state and among those affec,su
! Iby the speculative methods OF the
out-ofstatc millers. Its manager c.
v Toppeny, says;
minneapolis millers. by paying
over dollar for first Oklahoma
wheat when it will not sell to the ex
/ port above 10 cents, are executing d
/ well planned move to crush the ship
pers of this state and unless reliei
comes soon they will succeed in eN
Guiding us from the competition fol
the product of our uwn territory.
AT first thought we congratulate
ourselves because the excellent OK
lahoma wheat crop is selling above
the dollar mark, but to those mtI
mately acquainted with the workings
Of the wheat market this is a fais.
sign of prosperity and means that III,
farmers of the state will be forced il
other years 10 help pay FIR their o|I
windfall by receiving much less to-
their crop and losing the great com
mercial impetus that the great graz
manufactures which this state coul,
build up under favorable conditions
would supply
"On June II July wheat started a
50 - cents. which means IS cents
to the Oklahoma farmer. That was
the export price and was the proper
domestic figure, as regulated by the
law OF supply and demand for tho
aenins price in the United States
never 90 beyond the amount the for
eign buyers pay unless it is forced
up by spectators who are seeking
to control the output. Then came the
dry weather in the northwest which
cut the national wheat crop 10000,
0O0 bushels. But this cut was more
than offset by the surplus of this
/ year over last, which amounted 20
/ l5o 900 600 bushels That is. July
/ wheat went on the market at - cents
and with 10000 600 bushels more than
the normal demand in sight the price
rose instead Of fell. until now Okla
homa farmers are receiving more
than a dollar a bushel for their grain.
Spectators each year force the
early Oklahoma crop up higher for
profits in options. but this is the first
time II has been prohibitiye and the
only explanation is an effort TO stifle
local competition for export trade and
the demand Of the southeastern states
The wheat Is taken out of the state
and Oklahoma millers will be forced
to 30 to Kansas to secure their sup
ply, being to the additional expense of
the longer haul both ways. OF course
the northern millerS will lose money
on the oklahoma purchases for they
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