The pioneer express. [volume] (Pembina, Dakota [N.D.]) 1883-1928, 1915-09-10
THE PRICE !. .' or WHEAT.

&
The fluctuations Of wheat for the last
year have been something remarkable,
though it is easy to see that the war has
been the great disturbing factor.
For the iast two months the price ol
wheat has been going downwards at d
VERY rapid rate. Many Of the causes Of
this great decline are more Or lest leRi
innate, but they all enter into the re.
suits.
Among these are. an extraordinary
yield; the decline in the price Of the
English pound sterling; the prospect Of
the opening of Russia's crop by the way
OF the Dardenelles; the prospect Of peace;
the conservation and economies OF food
stuffs by the people in the war countries
the tightness OF money and shortage of
capital owing to the immense war loans,
and the hiding Of gold by private owners;
Several millions of consumers killed in
war; many of our own farmers compelled
to put crops on market because Of debt
and the consequent flooding OF primary
markets.
On the other hand, we have the great
European war which sent prices high IN
the beginning, and therefore ought still
to have the same effect; the shortage Of
working men caused by war and all
inustries changed to carry on war; de-
struction Of fields and much country
made waste; blockades, mines, sub.
marines, have made the seas unsafe,
shipping is short IN. numbers, and
freights are high.
The low prices now. prevailing will
cause these farmers who can to hold
their wheat. While women and children
in Europe are busy in the fields taking
the places Of the soldiers, that win not
make go much difference because they
do that customsrlly. III, VI.
Iss From reports il ia,evident that Euro.
pean buyers are holding back orders,
waiting perhaps to see what will turn
upsin the near future.
Crops in other countries are not sx.
cessive and short in some places.
There are other factors at work IS we'll
% these mentioned, all having their Of
fects on the price OF wheat.
Of course with all these things il
sight, the chances ofincrease or decrease
in prices are many, and it is at such
times that the speculator gets in his
work. The greater the risks the strong.
or the betting.
We make no conclusions. We have
Just enumerated some Of the factors.
II any reader can take all these things
into due consideration and figures out
what will be the price OF wheat in one
two or three months, he can make
enough money in that time 90 that here.
after the price Of wheat or anything
else will not be Of any special interest T.
him.
We can only repeat advice given il
this paper for many years. The farmer
Icannot afford to speculate, at least or
his whole crop. !.
/ Take all the factors into consideration
as best you may and then it is . guess
Even the big grain men with al kinds
Of information, miss it often.
\ But il you think from all you know
that wheat will average cay dollar ,
bushel during the next few month";
then under the law Of chances whel
that price is reached the farmer shoult
sell, because il the prices are less thai
that the chances are that price will g
higher. while il the price is moro til,
chances are that the price will decreas'
lit the dollar is the natural level.
But Ne sre not putting the price; tha
is for the farmer to settle in his Owl
mind
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