Smyrna times., 1916-08-16
LOCAL FARMERS ENTHUSEO
OVER ADVANCE IN WHEAT
MANY WHO SOLD ARouNoAsLoo
ARE KICKING THEMSELVES"
Prediction of Some It Will be at sI.5o
Soon-Threshing Well Over Around
Smyrna and Some Holding Crop

smyrna and Some Holding Crop
Inc farmers are surely coming to
their own. And when the farmer is
prosperous and gets good prices it
means all classes will be benefited.
Ihe wheat market has been soaring
this past week. On Wednesday the
report of giant crop losses in the
United States ana Canada sent the
price skyward. At one time the as
cent Of prices amounted TO II 3-4 cents
a bushel. Trading closed in a whirl
OF excitement showing net gains of
10 5-S to IL 3-S. with the Septem-
Der option at l.44 12 and with Dec
ember at l48 3 8. The effect of
this rise had joy for some Smvrna-
Clayton farmers and a depressing
effect on others. Quite number sold
around the dollar mark before they
had threshed and from these the sad
plant was IF we only had
known. A considerable uortion
however, are still holding their crop.
believing wheat will soon touch the
Sl.oO mark and even go higher. Some
even are holding last years crop along
with this years with the hope of bene-
lifting by an advance. Threshing is
well over in this vicinity and Yields
have resulted anywhere from an aver
age or Is to "a bushels to the acre.
The spectular rise Of last Wednesday
is still the talk of. the community.
To the farmers who gathered in SMYRNA
Saturday. the one day of the week
they are most likely 10 meet one an.
other. the wheat market was the one
topic of conversation.
Crop s5s, ,ooo,ooo Bushels Short
Some of the strain involved and of
the far reaching consequences may be
realized from the fact that, according
10 the United States government crop
report. which was the principal cause
of the excitement. the domestic WELD
Of wheat for 1916 will be 1858. 600. 600
bushels shorter than was the case last
year. No such shortage had been
foreseen by even the gloomiest pro-
phets. Black rust spreading in Can.
ada. and indicating that the crop there
would be cut down 1876. 600. 600 bu-
shes from the 1915 total, made the
situation still more acute. as the
United States and Canada have been
furnishing six sevenths of the worlds
breadstuffs supplies to the countries
that in the fa.e of war difficulties
have still been able to import. The
biggest jump in prices came right at
the outset, exactly eight cents a bu-
shell over night. Strenuous efforts TO 4
buy cleared the market at intervals /
almost completely bare of offering
and forced the market higher and
higher until the May delivery had /
touched Sl.53 1-2. a price just 13 .
l-2 cents under the topmost level on
record in the violent fluctuations of
the first year of the European war.
Heavy Foreign Buying Raises Price
Foreign buying on a huge scale ap-
had much to do with the ex-
IRENE prices in the last hour of ses-
sion. 1t was estimated that export
tOtalled 1, 500. 600 bushels
Tor immediate shipment without in
;luding big purchases made on option
'or future deliveries. Gossip Of big
Individual profits gained by the sudden
'aise in the markets were extremely
Indefinite. The best ground for
yuesses was the circumstances that
iinee July 81 the principal options of
wheat have risen more than % cents
! bushel.
NN IA mn All e MA - 49, ]