The daily star-mirror. (Moscow, Idaho) 1911-1939, 1923-06-20
WHEN TO MARKET
The WHEAT CROP
FIGURES COMPILED BY BYRON
HUNTER SHOW MAY PRICE HIGH
EST OVER TEN-YEAR PERIOD

H04 VEN 1ENs Gah
In period of 10 years, beginning
with 1912, the farmer who held his
wheat until May of the year follow
ing it's production, received the high
est price, or SO cents above the av-
erage price received by the farmer
who sold his wheat in September
according to statements made by
Professor Byron Hunter, specialist in
farm management, working with the
United States agricultural depart
ment, in cooperation with the exten-
sion department of the University Of
Idaho.
A good sized crowd of farmers,
business men and faculty members
heard Mr.. Hunters interesting talk
before the chamber of commerce on
LOSS or Gain in Holding Wheat Af-
ter September 1.-THE talk, illustrat-
ed with charts, was based on a ten
year study of the price received on
the Moscow market, each month in
the year, part Of the economic sturdy
of some 225 farms in this territory,
made by Mr.. Hunter for the United
States department of agriculture, in
cooperation with the University Of
Idaho and Washington State college.
The figures were taken from the
market quotations published in the
Spokane, Lewiston and Moscow pa
pers for practically each day during
the period, the prices then being av-
eraged for each month. The Septem-
ber price was taken as the basis, the
price for the other eleven months be-
ing figured from the September.
price. Sixty-four times out of 110,
Mr.. Hunters figures showed, the av-
erage price was above the September
price, while Al times it was below,
the amount represented in the Al
times, however, being greater than
the amount represented in the "a
times.
Mr.. Hunters chart showed that had
the ten years, he would have receiv-
the September price; November 5.4
cents below September price; Dec
ember, 3.3 cents below September
price; January, 1.2 cents above Sept
ember price; February, 5 cents
above September; March, LIZ cents
below September; April, .07 cents be-
low September; May, 8.6 cents above
September; June, 1.3 cents above;
July, "A cents below September ard
August, 8.5 cents below September.
One cent per month was deducted
In compiling the figures, for inter
est, insurance, storage, etc. 1t is
shown that the peak price over the
period of ten years, and Mr.. Hunter
stated that this applied to the seven
years previous to this study, also,
came in May The same figures ap-
ply to the entire United States.
Controlled by Supply and Demand.
Mr.. Hunter stated that the price is
controlled by the world production,
and that wheat is coming onto the
market every month, starting with the
Argentina crop in December. The
harvest months are June, |
July, August and September. Hel
stated that Russia is the principal
nation, the United
States, second, and India, third Rus
sia and the United States throw their
surplus on the market practically at
the same time
Many of those present, all of whom
either as wheat producers or resi-
4SAto VI q WAOHt- ~ OSA0O4A6 SO4AJAu0
lty, are deeply interested in the prob
lens of the wheat farmer, asked
questions, which were answered as
fully as possible by Mr. Hunter He
said that when wheat in large guam
titles is thrown on the market, as it |
always is Immediately following the
harvest, the price Is certain to be
forced down, and comes up only
when there is a demand He said
there was considerable advantage in
being posted on the world conditions
from month to month, but that this
could be accomplished only through
IN organization for that purpose, or
EArough the federal government. He
asserted that the United States might /
- out Of the wheat exporting mark /
4 entirely without the world feeling
my particular effect.
Pageant Head Thanks Chamber.
DR.. G. NJ Miller, who directed the
historical pageant recently
staged by the University of Idaho,
expressed his appreciation Of the sup
bort given by the chamber of COM
merce, which, he said, had much to
10 with bringing the pageant to the
attention of the public throughout
he Inland Empire.
F.. D. Hawley, scout executive,
asked the people of Moscow to visit
Camp Grizzly, the Boy Scout camp,
Turing the six weeks the boys will
,e in camp. He said every thing is
n readiness for the boys, the first
punch of whom will go into camp
Sunday He stated that the Elks
odge had contributed 12 large tents,
,ut that two more tents are needed.
+. S. Heckathorn and G. B. Green
each volunteered to loan tent
On motion of G. B. Green the cham
,er of commerce voted to assist the
oalouse community in any way pos
,ible in it's effort to secure large
milk condensary, to be supplied large
y from COWS owned in northern La !
ah county.