Belington progressive. [volume] (Belington, W. Va.) 1912-1927, 1923-09-13
Current Business Conditions
BY GEORGE E. ROBERTS
By GEORGE e. ROBERTS

crease OF production trade between
the two countries naturally should
have great expansion. 10 tbs aivant-
age OF both countries. 1t is TO be
hoped that the rec tablishE.m OF a
good understanding between .he two
countries will lead TO all these de-
sirable results.
Rise of Agricultural Prclucts
Prices OF agricultural product
we're at their lowest in July. when
small grain crops were nearing harv-
est with large promise. Estimates
upon. this country's production Of
wheat has been lower, about 10000
600 TO ,Ss.D004i00 bushels since July
lst, and upon The Cal adian crop fully
100000 uG0 bushels, and these reduc
tons have given some strength to the
markets 4 remain true. however,
that without including Russia. Europe
plus North Africa, has produced
about l0n.O00.000 bushels OF wheat
and rye in excess OF last years har-
vest. Ii is accepted that Russia will
export considerable amount of rye
and probably some wheat. but no
very definite calculation about it can
be made
An unusual feature OF the situation
in this country is that east OF the
Rocky Mountains and aside from the
drum variety. which is practically
all exported, the wheat crop will be
practically all wanted for home con-
sumption. The surplus is in the
Pacific Northwest. which has a fine
crop. AS q result of the short crop
OF Spring whea. in Minneapolis ter
ritory the milling demand at that
center to supply domestic consump-
ton has carried the price in that
market about Ia cents per bushc
above Chicago 1t is a mistake to
suppose that wheat has been ranging
much below the price. OF a year ago
The, range Of contract wheat in the
last week of August, 1922, was, for
September delivery, oo1s to $1.03B
while for the last week of August
1923. the range for September has
been from $1,0c to $l.03; for the De-
cember delivery, IN the same weeks.
the range was, last year, $100M to
$i.05H; this year. $1.04M to $107H.
Last year, the Chicago and Minneap-
oils markets were about on a level
while this year, on the last day Of
August, September wheat closed in
Chicago at $1.00M and in Minneap-
oils at $1.l4M. The December de-
livery was about 3 cents higher in
both markets.
All other grains are higher than
they were year ago, two months or
one month ago. In corn, the range
in Chicago during the last week Of
August, 1922, for September deliv-
cry was 59M to CO.. cents. and for
the December (new erop) delivery.
from 81 to 55zs; in the last week Of
August, 1923. the range for Septem-
Der delivery was from 81M to 84A.
and for the December delivery from
66A to 67M. The fact that the De-
cember delivery (new crop) is SELL
ing about II cents per bushel over
the corresponding figures Of year
ago and abou. 5 cents bushel over
what it was two months ago, is not
able because the crop now promises
to yield over 5000, 900. 00L bushels and
rank among tire half dozen largest
crops eve produced.
Oats. year ago for September de-
livery. war 'AnR;i.z i.or, ssA 70
SIN; sa,i at Tire close Ut l&nxus.,
1923. :sor. 37h to 3sH.
The rusat pronounced Charge il
prices hes been N hogs. which sco.ed
an advance OF at@G. & 20 PER h1.i.
redweigh, 70 AHENas re,osssskIe