The Glasgow courier. [volume] (Glasgow, Mont.) 1913-current, 1921-01-07
CONDITIONS AXE
BRIGHTER AHEAD
Continued from Page Nine,)

we are uncomfortably close to a point
where further sales jeopardizes not
only a reasonable carry-over for next
season but also vi domestic milling
demands.
With parts of Europe under the
stress of famine and actual starvation
affecting 20 million Chinese and our
stocks ouly two-thirds normal is
it a sound business policy to continue
selling our Wheat below cost with no
assurances of an adequate supply for
the coming year and probable de-
mands? 1t is true hat we raise the
Wheat to sell, but it seems to US that
we have been sufficiently generous in
the disposition of our surplus so far
sold. Positive assurances of a carry
over of at least 100 million bushels of
milling quality wheat is, in our opin-
ion, imperative to conform with rea-
sonable precautions and should be de-
manded.
Although the Corn production was
a record-breaker in it's huge quality
and excellent quality the month of
December, when normally the move
ment is we'll under way, is showing
abnormally light marketing. Produc-
ers at great sacrifice are grimly hold
ing for a higher scale. Sales from
first hands mostly are forced sales for
needed cash. Stock and hog feeding
offer incentive to feed and there is an
inclination to feed heavier than usual.
The price of corn unquestionably dis
counts every depressing factor, but
the fact in itself is no argument for
an immediate and materially higher
level. Corn is generally on a domestic
consumption basis and enhancement
of values now awaits renewed buying
on the part of the large industries and
mills who are operating on a greatly
reduced scale. A continued lack of de-
mand IS unlikely and industrial buying
undoubtedly will be greatly improved
in January and February to absorb
readily what will probably prove to be
the months Of the heavier country
shipments. Thus far primary receipts
OF corn are shown as over 1000, 900 bu,
less than last ear when the crop was
about 37O million less than this sea-
son. The prospects for burdensome
terminal SUPPLIES at any time is rath-
err remote. We have raised large corn
crops in previous years and never
found supplies burdensome.
Oats
Oats. like corn. awaits new buying.
The price is ridiculously cheap and has
attracted some investment buying.
The chances are all in favor of a wild
ening cash and export demand. There
is nothing in the situation that we can
see at present to further depress prices
but on the contrary we believe this
commodity will steadily gain new
friends.
The Flax crop final Government
figures show the United States pro-
duction as 10000, 600, which is 3.329.-
600 in excess of last year but 1882 900
smaller than the 1914-191S average.
Argentine flax is reported to be now,
beyond the danger point from weather
conditions and her present crop equal
to last year. The market is dominated
chiefly by general business conditions
which at present are operating
adversely in checking building opera
tions and the domestic linseed de-
mand is reported light.
4 Basis for Confidence.
AS we review the situation in gen
eral, the important fact to be kept in
mind is the essential strength and &C.
onomic of our country. The
facts of the present conditions are
open to everybody. The process of
deflation through which we are now
passing was inevitable following the
abnormal war conditions. The rem
edies lay in substitution of thrift for
waste, in conservation, hard work, in
avoidance of senseless and destructive
criticism and the cooperative support
of constructive measures that are
being taken to ease the strain in the
banking, commercial and farming en-
terprises. There is certainly a basis
for greater confidence in the future.
k~entuckians are planning to extract