The Beaver herald. [volume] (Beaver, O.T. [Okla.]) 1895-1923, 1914-07-02
FARMERS. HOLD YOUR WHEAT.

Every shrewd farmer in Kansas and
Oklahoma is going to have a chance TO
make record breaking profit on his
wheat crop il he uses judgment in
marketing 10, There has never in the
history Of wheat growing been better
opportunity for the local grower to Sc
cure good prices or surer demand for
his wheat.
II is advisable this year that the
farmer not sell too early.
In nearly every foreign country that
exports wheat, the crop ia short this
year.
Argentine alone has shortage of
upwards OF seventy million bushels
In India there is shortage of fifty
million bushels and in Hungary
shortage of thirty-two million bushles,
OF total OF l52 million bushels in
these three countries alone. TO just
what extent the shortage amounts to
in Russia and other wheat growing
Countries, is not yet deiinately known,
but it ia safe to say, however, that
none have prospects of even I'm aver
age crop this year.
On the other hand, according 20 the
government report Of June / , the indi-
Gated crop of the United States for
1914 will reach abopt 500 million bush
els or 1877 million bushels more than
last years crop.
OF course our crop may yet suffer
some deteriorations but even il we as
sumo that the crop is already made and
that it will reach the 900 million hush
el mark, It will not be sufficient to of
set the shortage Of l52 million bushels
which Argentine, India and Hungary
has this year
Now we must take into considera-
tion also the natural yearly increase in
consumption that is figured at about 3
to per cent and that means that this
year the world will require from $50 to
$50 million bushels more than what il
did last year, so that together with the
Argentine, India and Hungary short.
age, means deficiency of between 300
and 400 million bushels that must be
made from the United States, saying
nothing of other country's poorer crop
prospects and of the possibilities that
our spring wheat crop may fall short
Of the present brilliant figures.
It is very evident, therefore, that
there will be shortage Of at least 1876
to 265 million bushels of wheat thisyear
that will have to be found elsewhere,
and we know Of no country that is cap
able Of producing il.
From this it can be seen that this
year the United States farmers can
control the situation.
Now, the point is, will our farmers,
particularly those of Kansas and Okla
homa, get the benefit of the consequent
high price, or allow the profits to go to
the speculntor ard manipulator who
exploit the market through short"
sales and "hedge" selling in advance
of the harvess.
lhIbNSu SlN hNNlbl bl lut bttItlh'N
OF the treasury, the farmer is now able
to finance himself at low interst and
he is not obliged to force his product
on the market until the time is ripe.
Wheat that sold three weeks ago in
Chicago for $lOO a bushel, is selling
today for eighty-four cents, or de-
cline Of sixteen cents a bushel This
op the prospective 900 million bushels
means a loss to the farmer of 100 mil
lion dollars
Now, il the farmers use business
principles in marketing their wheat
and don't rush to sell As soon as thresh-
ed, they alone can save 100 million
dollars, but will undoubtedly receive
even better price for their wheat
than aboYe mentioned.
JANus STATISTICAL BUREAU
Is fremont ST.. Boston, Mass.