The Twin Falls times. [volume] (Twin Falls, Idaho) 1905-1916, 1916-09-05

IOr nlBner prices, especially those
farmers who have obligations to meet
out Of the returns from their hay. At
present prices no farmer can afford
to speculate on a rising market until
he has met his obligations. If you are
favOrably situated for hauling cheap
ly to loading station, can get your hay
baled in time to avoid risk of possible
damage in stack, can properly protect
hay after baling, and are financially
situated so that you can afford to spec
ulate a little, l would say that the
present outlook would justify holding.
Wheat.
The wheat market is an internation-
al problem, and in the final analysis
the answer must always come from
Liverpool. Supply and demand of the
world finally establish the price each
year. This does not mean that the
grain exchanges and the speculative
buyers do not have material influ-
ence on the market All growers who
have followed market conditions for
any number of years know that these
vicious interests succeed in depressing
the market at threshing time and gem
orally succeed in holding it down I'M
til the bulk of the crop passes out of
the farmers hands Their influence,
however, is merely temporary. They
cannot long withstand the outside
pressure.
At the present writing wheat is
higher than ever before at this time of
the season in the last 46 years, and
the sentiment prevails, among unbias-
ed observers in most quarters, that the
top of the market is still out of sight.
The Equity Grain Exchange, co-opera-
lively representing the growers of
many millions of bushels of wheat in
Minnesota, the Dakotas and Montana,
is appealing to its members to hold
onto their wheat, assuring them that
thorough analysis of the market prom
ises much higher prices later in the
season. This advice is possibly some
what speculative, but the crop in the
northern countries has progressed far
enough to establish a worlds wheat
shortage as a sound basis for high
1867 wheat prices. The interna-
tional Institute of Agriculture, which
is accepted as authoritative on worlds
supplies, places the 1916 world wheat
supply at rs per cent less than last
year, making this years crop the
smallest since 1908. 1t is interesting
to note that about One-half of this
shortage is in North America, the
chief exporting section. The simple
fact is that there is a natural short
age and a heavy demand.
The quality and yield here in the
Pacific northwest is this year better
than in almost any section of the
country, and for this reason l have
found many growers prejudiced by
their local conditions. But no grain
grower can afford to be a "localizer"
He must behold the outside world. In
years past shrewd buyers have been
able to mislead many of the growers
regarding true market conditions. But
there is no longer any excuse for such
ignorance.
Wheat in this territory is now how
ering around two cents a pound, and
when a farmer can get $1.20 per bushel
spot cash at this season of the year,
the advice given above concerning
hay applies with equal force to wheat
sell enough to meet your obligations
at present prices. Then if you want
to speculate on the rise which now
seems sure to come, "go to it,"
Glover and Timothy Seed.
Glover seed, like wheat, is an inter-
national game-and the game, so far
as the price in this country is con-
cerned is played at Toledo. The seed
market is much more tickle than
wheat, or almost any other crop. 1t
generally fluctuates several dollars
several times each season. Glover has
already taken a journey from SAT to
11.20, back to $40 and up to $50.
Right now it is hesitatitng. 1t gener-
ally advances, however, in September,
but this may possibly be an excep-
tiOnal season in that respect Last
year the crop was almost a failure in
the main clover sections of the east
This year the crop outlook is much
better, but the crop is not yet secure.
The export situation in Europe will
have considerable influence on our
market, particularly in Italy and
France. These two countries export
ed 100000 bags last year Our i'm
ports are generally around $4,000 bags
What they will be this season can not
at this time be determined. Just at
this time of the season both clover and
timothy seed values are debatable All
depends on weather and crop condi-
tions during the next few days. Early
in September crop news becomes more
decisive. Growers should watch for
quick fluctuations in the market At
this writing the outlook for timothy
hay in Idaho still continues better than
for seed. This office is daily in touch
with the Toledo seed market, and all
growers are advised to communicate