Mohave County miner and our mineral wealth., 1921-01-08

HE MOHAVE COUNTY MINER AMI holding back of grain for higher pric- es However, the liquidation is for the benefits of the farmers, and will doubtless have stimulating effect for the present at least. As long as foreigners keep buying Wheat, so long will values be maintained, even though the domestic demand is dull. Official figures indicate an out-turn in South Australia of 34 ,536,OOO bush els against previous estimate of ST. 42O,OOO, and there has been a tenden- cy of late to reduce the estimates as to the, surplus in Canada, as we'll as Australia. The export demand for Wheat from this country has exceeded the expectations of the trade, and the big business has been done in the face of low rate or foreign exchange at the same time, it is generally admit ted that z economic conditions are against any sustained uptun at this time.
 The plan recently presented to Gov- ernor Stephens by the Pacific Rice Growers Association to supply the starving millions in China with Cali fornia's unsold 1920 Rice Crop seems to be worthy of favorableI considera- tion, as the growers have indicated a desire to aid in the relief measure by disposing of their Rice to the National Relief Committee at a figure lower than the actual cost of production, and the disposition of their Rice in this manner will relieve a distressing situation which the rice growers now face, owing to a falling market, ad- verse weather at harvest time and ex- cesive cost of production.
 COTTON-Speculative trade in the Cotton market has been quiet and mostly confined to the local New York professional element, with pric- es showing but little change.
 The news in general continues very pessimistic, especially the news that comes from the New England mill centers. Mills have been running either on reduced time or shut down entirely and wages have suffered a cut all down the line.
 The Government estimate of crop above the thirteen million mark calls forth considerable criticism by some of the local crop statisticians, who in sist that the crop will be around twelve million and a half bales.
 They say there will be considera- ble Cotton left standing in the field that never will be picked, owing to the poor price paid for the staple, as we'll as the inability to get Cotton picked at fair price.
 There is big potential demand for Cotton in this country, and it is only holding off, which means rush for Cotton goods later in the season. I Stocks are gradually being reduced, and this is true all over the world. Southern Mills are now benefiting and New England Mills will benefit by the reduction in overhead charges-not- ably labor, coal, etc., to say nothing of the big decline in the price of Raw Cotton.
 The big reduction in the price of Cotton, as well as the reduced over head charges, will clear the way for a big revival of wholesale trade, as soon as retailers cease to- block the way, accept the inevitable lower pric- es sharply and start trade with re- newed life and snap. The bankers want to see this-it is plainly inti mated
 Already reports are being received from mills at the South that business is increasing at the recent decline in prices After the turn of the year, it is believed that retail prices will fall sharply and end the trade blockade, due to the high retail prices.
 There is a strong agitation amongst the farmers to reduce the acreage on the coming crop, and we believe it will have some effect-and, while it is too early to use this as an argu- ment, yet we believe this is a factor that should not be overlooked
 
 MINER WANT. ADDS. BRING
 RESULTS