American Falls press. [volume] (American Falls, Idaho) 1907-1937, 1915-09-09
PRICE OF WHEAT FALLING;
WILL 1T CONTINUE S0f
Head of State Markets Bureau Says 1t
VIII Go Up-Advises Holding Grain

VIII 20 Up-Advises Holding Grain
American Falls is the second largest
primary grain shipping point In the
world. This is the claim Of the hust-
ling little power city located by the
rapids of the Snake river. 1t was re-
iterated today by w. G. Scholtz, direc-
tor Of the farm markets bureau, who
made trip up the Snake to American
Falls during last week. He believes
the claim is correct.
THAT does not mean," said Director
Scholtz in explanation, "that American
Falls is the second largest primary
grain receiving point in the world.
There is a vast difference between
shipping and receiving point 1t means
that American Falls actually ships
more wheat from its particular locality
than any other one point in the world,
barring one other. In some sections
greater in area than the American
Falls section a much larger amount of
grain is grown, but it is shipped from
various points-not from one central
of that city you can drive through
great dry farm grain fields for 80, 40,
yes so miles. All of the grain goes to
American Falls to be shipped % its
destination.
81 was surprised to find the growers
ket now at 20 cents. have refused tt
give grain quotations because as
view it from a study of the conditions
as they exist now there is no grain
market. But there will be inside of a
short time.
"My advice to the grower is to hold
for 80 cents or 81 wheat. The market
is bound to come back, and that short
ly, too Hold, by all means hold. There
is going to be a demand and when it
comes wheat prices are going to 60 up
American Falls is doing more build
ing now than any other point from the
Montana-Idaho line on the east to the
Oregcn-Idaho line on the west, and 1t
would be safe to say that 1t is doing
as much building as all other towns
combined in that area. Business blocks
and residences are going up on all
.1sides. Many of the business blocks are
z two, three and four stories high"
The foregoing is the opinion Of Mr..
Scholtz. director of the farm markets
bureau, as expressed in the Capital
News upon his return to Boise. The
Press hopes he is right, and in that
hope is Joined by every grain buyer,
by every business man, and by all
others who are interested in the well
ly a wheat-growing community, and
the higher the price of wheat the
greater the degree of prosperity.
Whether wheat is 81 or 81 hundred
makes not the slightest difference to
the grain buyer. The price he pays
is fixed by the price at which he can
sell, and he has no more to do with
fixing the selling price on the great
milling and shipping markets than has
the grower. Dealers would be glad
to pay more if they could, and as their
profits are a fixed amount for hand
the price is low.
AS an evidence that American Falls
dealers do not share In the optimistic
views of Mr.. Scholtz, they are not
holding any wheat, but shipping 1t as
fast as they receive It, They fear
prices will go lower than they are
now, and if SO, they will lose on every
bushel they hold. They are not taking
chances.
The Press would like to see prices
go up, and away up, at that; would
like to see them higher than they were
last year, but it fears the reserse will
be true. The conditions are unusual
All authorities agree that the biggest
wheat crop ever produced in the world
was harvested this year. An entirely
disinterested authority in July left
this admonition with prominent citi-
zen OF American Falls: For heavens
sake, do not advise farmers to hold
their wheat this year. There will be a
surplus produced in the United States
of from three hundred million to five
hundred million bushels. Thousands
upon thousands of acres in Iowa, Illi-
nois, and all other central states which
usually are devoted to growing corn
are in wheat this year. All the coun-
tries of the world have record wheat
yields" This man receives every farm
paper published in the world, and
ought 70 know what he was talking
: about He is not a wheat dealer, nor
a speculator. He is a big business
man and has at his command as much
information regarding farming con-
ditions as any man in the United
States, unless it be the secretary OF
agriculture. Since he gave this ad-