The evening times. [volume] (Grand Forks, N.D.) 1906-1914, 1912-04-26
DISCUSSION Of
THE SITUATION
Both Production and Prices
Have Increased Faster
Than Population.

Recent Investigations made through
the consular service of the depart
ment of state. and other sources show
conclusivcly that in the last 10 or Is
years substantial increases in the
price of agricultural products have
occurred in every important country
Of the world, that is, that the phe-
nomenon OF rcccnt so-called high cost
of living is world wide in its scope.
1t is not 50 generally recognized.
however, that. coincident with this
upward trend of prices, the worlds
production of the staple food pro-
ducts has also been increasing at Il
rate faster than the increase in popu-
lation.
The worlds per capita consumption
of agricultural products in the last
few years has probably been larger
than at any former period.
Arrivals.
Receipts of wheat in Minneapolis
for h past six days were ST. cars
against l.010 cars received for the
corresponding week q year Ago.. Con-
ditions under which grain came to
the terminal market were quite the
same his year as last: that is, it was
spring time and selling going for
ward under a similar state of good
weather for the work. Prices in the
. "SAC W. II lllitS as DIlSc
ranged for the early future some lac
higher than in 1911. Arrivals in Min
neapolis being somewhat less, seems
to indicate Il lower rate OF reserves
on the AFFIRM and in country storage,
than at this time last year.
Duluth received in the week ended
yesterday 145 cars against 204 ears
received there in the same time in
1911. Chicago was also less in wheat
arrivals tina last cal. that exchange
taking in 70 cars of wheat against 13S
last year. The only increase in wheat
movement above the movement in
the corresponding time last year in
the northwest was in Winnipeg
where the receipts were 2,243 cars.
against 1853 airs for the same week
a year ago. The larger receipts in
Winnipeg We're practically nullitied by
the difficulty of getting them to mar
ketable points. where their weight on
values would have effect upon cur
rent prices.
Wheat Markets.
Since Saturday of last week wheat
markets have been much unsettled
with prices going and coming largely
in answer to the great volume of crop
news pouring into the exchanges.
For several days preceding prices
were In the upward movement, in all
quarters. in both the American and
European markets. The sentiment of
higher values was taken up in isolat-
cd places throughout the earth.
Advancing markets We're evidently
looked for when reliable reports
would come III from the winter wheat
referred tow as a quick response to
the many reports of damaged crops
throughout the hard wheat states.
These reports were we'll sustained and
accepted because of general eXpecta-
tons of crop impairment coming out
when the spring time would begin to
show actual conditions.
The first upward furry had spent
itself in "a few days and an opinion
had been formed that the speedy aa-
vance had been too rapid to be we'll
sustained. Feeling of spectators was
in time for the adverse movement
that came in the later days, when 1t
was found that some spots of winter
killed grain were coming forward in
green and lusty life when the sun
shine with its warming rays started
them into activity and vigor. Later
receipts are to the effect that the WIN
ter crops are going to do better than
expected. At the same time there is
very much of winter killed grain all
ready plowed up and much more
marked to be seeded to feed cereals.
In the soft winter wheat countr
the wheat destruction nears a calam-
ity Notwithstanding a better appear
ance that 1t has now. above that
thought likely ten days ago. West OF
the Mississippi river there are still
townships, counties and still broader
areas that have suffered much dam
age. The reciliency shown by the
market now is an upward bound, in
expectation that the crop will be
larger for some time had been antici-
pated. Hence the backing dow OF
the market to unsteady and lower
| values.