Evening star., 1923-12-31
lfC as ufSf.

figures exceed those of the present
date, and this was when Canadian
wheat was admitted free of duty, and
the statement contained a large
volume of Canadian wheat. The
present year has seen considerable
at the 30 cents duty. because our
prices have been SO far above those
of that country. This has led to a
cry for an increase of so per. cent. in
clause of the Fordney tariff law
However, mills will continue to i'm
port because the heavy Canadian
wheat 10 needed to mix with the thin.
spring wheat this year. The tariff
commission Investigating the neces-
sity of this increase is expected to
report to President Coolidge by the
end of January.
A reason for the low prices of
prepared by the eminent interna-
tional statistician. George r. Brom-
hall. Mr.. Bromhall shows that the
import needs of Europe are 560,000,-
100000 bushels; a total of 6Ss, 900. 900.
August /, 1928, to July 81, 1924. For
the same period the United States
has a surplus for export of 176,000,000
bushels, Canada. $50. .Ooo,o 900 bushels;
tralia, Ss,000,000 bushels; India, 49,
100000 bushels; Russia, 32,000,0 900
bushels. and other countries. 32,00o,-
900 bushels, total surplus of $780,
100000 bushels
dfcament of the wheat farmer, and
his first message to Congress recon-
mended the financing of exports to
Europe by the War Finance Corpora
tion in order to dispose Of our 1a srre tbe
farmer that he diversity crops and
reduce his area and promote CO.
operative marketing.
Corn Farmer Prospers.
The corn farmer has been riding on
the wave Of prosperity the past year
because his 1922 crop sold for prices
UNEXPECTED as well as unheard of.
No. 2 yellow corn sold as high as
$1.14 a bushel, and at this time this
price was greater than was being
paid for wheat. The farmers solved
their own difficulties by consuming
mark citing IT on the hoof. That is,
they produced live stock, and the crop
which threatened to be a glut on the
market, being we'll over 3,000,00O,o00
bushels, proved Inadequate, for do
mestic needs, as exhibited by the
The outlook for 1924 is not so, en-
couraging. In consuming the 1922
crop the farmer produced an over
supply Of live stock and as a result
the price of cattle, hogs and sheep
have dropped so far below a parity
with corn that there is a decided loss
to feed. Farmers therefore are be-
coming panicky and are marketing
their stock and holding their corn.
Some are marketing both. This. re-
duction in farm consumption Will
result in q Oppressive surplus of corn
and q problem OF disposing the same
will tax the ingenuity of the producer
as well as the grain trade.
Oats prices have been a little better
at the end OF the year than in 1922.
The farmer, impressed with his sue
cess in feeding corn, experimental
with oats, substituting this grain for
corn in order to market the high
priced grain and consume the cheap
feed. This resulted in a big con-
sumption on the farm, larger even
than most Of the trade seem to real
ize at the moment. However, the
continued light receipts, with almost
half of the crop year gone. Is causing
speculators to awaken othe possi-
bility Of profits in this grain and the
interest on the buying side is
Broadening.
Copyright. 1897