Evening star. [volume] (Washington, D.C.) 1854-1972, 1911-01-29
DOING GREAT WORK
international Institute of Agri-
culture Proved Success.
lM Ell0n0E
APPRECIATED IN EUROPE
Its Statistical Reports influence
Prices in Markets.
AN AMERICAN IT'S FOUNDER
idea Conceived and Carried to Exc.
cution by David Lubin-Head
quarters in Rome.

Advices recently received from Rome
indicate that the International Institute
Of Agriculture. centrally established at
that capital. is no longer regarded by
European authorities as an experiment.
but is recognized an important factor
in equalizing and stabilizing the prices OF
food products in the worlds markets.
This institute is in large measure the
work of David Lubin. an American citi-
zen, who has been chiefly instrumental in
interesting the various governments i'll
the plan of co-ordinating agricultural sta
tstics and crop reports. to the end OF es-
ia blishing prices in scientific accord with
economic laws. The institute, which be-
gan its work in the latter part of 1909.
has now reached the stage of giving out
authoritative statistics regarding world
| crops.
In a letter just received in this city the
| result is thus noted:
Influenced Austrian Prices.
1.-The delegate of Austria to the Inter
national Institute Of Agriculture. CheS.
V. de Pozz states that the single numer-
zeal statement of the institute for Septem-
Der had decided influence on the forma-
ton of prices for cereals on the Vienna
hourse. 1t was wired to the Neue Freie
PreSSe the most important political ana
commercial paper of Austria, and the in
formation was embodied in an article on
the price of wheat which appeared the
same day in that paper and which had
an immediate effect on the price.
The delegate of Hungary to the in
stitute, Niklos de Mikiosvar stated that
already in August the crop-reportlng bui-
letin of the institute was greatly appre-
cated in commercial circles In Hungary.
md ha numerical statement
production for several OF the principal
wheatgrowing countries of the northern
hemisphere. as given in that number, was
used on the produce exchange at Buda-
pest, and went far to prevent undue bear
ing down OF prices on account Of reports
of unusually abundant local harvests.
The leading financial paper of Italy,
il Sole Of Milan, Of January !, 1911, re-
viewing the wheat market of the year.
writes: During the year which just
closed Italy inaugurated an agricultural
statistical service. which promises well,
in spite of some inevitable uncertainty in
its first steps. But though the partial
failure of the Italian harvest. which 1t an
nounced. caused some excitement on our
markets, this never attained alarming
proportions, as almost simultaneously the
statistical bureau of the Interna tional
Institute of Agriculture made known the
fact that the worlds harvest was suffi-
cient to meet the worlds requirements,
and that Italy could easily provision her
those months gave clear proof of the
truly international character of the
worlds wheat market, and of the ease
with which partial scarcity in any coun-
try can be remedied.
Is Justifying Predictions.
such statements would indicate that
results are justifying the opinion express
ed by the secretary of the Chicago Beard
,f No IF
world crop-reporting service when it was
first proposed: Such a plan, in my opif
ion. would be of incalculable benefit in its
steadying effect upon all the markets OF
the world. 1t cannot fail to lessen the
fluctuations in the prices of the principal
commodities Of agriculture. and conse-
quently be of inostimahe benefit to the
producer, consumer and to every manu-
factory and industry in the world
For it would thus seem that the in
stituteS worlds summary, the single nu-
mericai statement of production, tended
on the one hand TO prevent undue bearing
down of the price in countries where the
local harvests were abundant las in Hun
gary where the crop was 1Ia.6. as COM
pared to 100 for the previous Year,, and
on the other to prevent unjustifable adj
vanceS in price in countries where the
harvest was meager or had partially
failed. was the case this year in Italy
and France. We thus have practical
proof of the fact that the single numeri-
cal statement of the institute will have a
steadying effect the markets of the
world"
1t is important to note in this connec-
ton that the National Grange, represent
ing the farmers of the United States, at
it's recent annual convention at Atlantic
City adopted resolutions enthusiastically
approving the work of the International
Institute Of Agriculture, and providing
for the appointment of special commit
tee to promote its interests in this coun-
try.