Evening star., 1923-01-20
FARMERS TOSELL
HUGE WHEAT CROP
Growers Believe Chances fol
Higher Prices Are Ruined
by Clouds in Europe.
BY J. G. RoYLE.
spee,,, p,.n.,ch ,o r..s g.,

Special Dispatch to The Star.
NEW YORK, January 20.--Tht
European crisis has exercised ont
stabiliZing influence on Americas
commodity and trade. Farmers haze
finally determined that in view q
the situation in central Europe
higher prices for wheat are not II
immediate prospect. Consequently
they are today releasing some OF thi
1922 production. which has loweret
dark cloud over the business sec,
tion in portions OF the wheat belts.
The attitude of the growers ID
ttypined by the determination of tht
Kansas Wheat Growers Association
expressed today, to sell a certai1
amount of the grain pooled by mem
bers each month IL is planned Il
close out the wheat rems lining in tht
pool, amounting TO between 5,06o,o0i
and 5000, 900 bushels. in time TO MAXI
final settlement with members be.
fore the next crop natures.
Similar determination is manifest to-
day in the northwest. according to ad
vices by wire from st. Paul and in tht
Pacific northwest, where growers arr
taking advantage OF the oriental de-
mand for both wheat and -four, although
the bids, mostly at IS o barrel. Shans
Portland, for -four, leave small rnargif
OF prof1t 10 either growers or n1iliers.
Metals Are Holding Ftrm.
The Franco-Gernlan situation, on III.
other hand. has produced an i1siGnif
cant effect on the copper. lead AID Zint
situation. Copper is Arm and higher
IN spite OF the possible cursailineat oI
the Anaconda Copper Company follow.
ing acquisition OF the holdings OF ChiIs
Copper were phenomenaily successful
The lead and zinc mines Of the country
are being pushed toward capacity pro.
duction with an energy not equaied ex
war.
This is directly attributable to the
development of new commercial and
industrial uses for non- ferrous metals
Metal roofings and stdings have taker
a tremendous spurt. Zinc, as well al
copper, has been utilized in these
ways. Electrical equipment manu-.
facturers are swamped with orders
the sales running nearly so per cent
above average periods OF 1922.
Going up" Is the reading of every
trade barometer of the textile In.
dustrye Itis almost a certainty that
new prices of the American Wooleu
Company TO be announced Monday
Will show increases of Is to % per
cent. Cotton cloths have advanced
I1lS week ana are IN uFfTl
demand: Manufactured silks are III
sprightly request,
Cotton Nearer. 3o~Cenf Level.
The prices OF raw wool have reach
ed q point where fine and fine medium
territory is sought at from Sl.35 Ia
Sl.45 pound clean basis. Cotton is
rising nearer and nearer to the 90
cent level which has been predicted
for II in these columns. Raw silk.
imported in quantities heretofore
uneQualed. is maintaining its high
levels without effort and. according
10 the keenest observers in the silk
trade today. Is likely to do 50 for
weeks to come. No Sign OF weak
ness has made It's appearance, either
here or in Yokohama.
Sugar has softened slightly, but the
basic position of this commodity is
unchanged. and this recession was also
forecast by the writer as an accom-
paniment OF the cutting of the Cuban
crop.
In the beet sugar field the Michi-
gan growers. are experiencing . dis
appointment. Indications now are
that beet growers in that section will
obtain settlement on q base of not 10
exceed s6 a ton for their product.
This, they declare. Is an insufficient
return. The growers of the west are
in far better position.
Tremendous railroad car and equip
ment orders have been placed within
the last week. and financing already
under way indicates an increase
rather than a decrease on the books
OF the equipment companies.