The Caldwell tribune. [volume] (Caldwell, Idaho Territory [Idaho]) 1883-1928, 1923-10-16

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CFrom the Monthly Bulletin for octo
Der. Issued by the National city Ban
Although September was an event
ful month in world affairs the bushes
situation showed no pronounce
change. Developments point TO goo
business for the remainder OF the year
but there will probably be no sucl
outburst OF activity as characterize
the markets last spring.
During the month the Department
OF Agriculture lowered its previous es
innate of the spring wheat crop b,
100000 bushels, bringing the total o
winter and spring wheat to 789,0OO,OoO
The situation in wheat is very un
usual. The world supply is ample {,
say the least and the export situation
so far as North America is concerned
is dominated by Canada, which hai
more wheat for export than any
country in the world ever had before
In the United States and east of the
mountains the wheat situation is be-
ginning to pick up for it looks as
though this part of the country had
no wheat to spare.
The output of durum wheat, which
is 100000 to 50,000.O00 bushels. is
always exported, being used for mac
aroni and spaghetti, and the surplus
of the Pacific Coast is always export
ed. These two export items are likely
this year to amount to approximately
all the wheat we can spare.
Wheat cannot be shipped at this
time from any point east of the noun
tains to Europe at a profit, and on the
December delivery Minneapolis is
about Fl cents per bushel above Win
nipeg. The closing price of December
wheat in Minneapolis on September
20 was Sl.l73s and in Winnipeg 964c.
One year ago the price in Minneapolis
was Sl.04ss and in Winnipeg 94%c.
However, the Canadian wheat is worth
about s cents per bushel more for
milling than the corresponding grade
on the Minneapolis market and the
exchange charge accounts for about
2H cents.
The Cotton Crop
At this writing the trade is anxious
ly waiting the Government estimate.
October lst The September forecast
was for 100000 bales; in some parts
of the crop territory conditions have
improved in the past month and in
others they have deteriorated. The
Texas crop, which was thought at one
time badly injured by draught has inn
proved very much. This is the third /
short crop, and the carry-over is small
moreover, the most disturbing thing
about it is that it has been grown upon
the largest acreage ever harvested, ac-
cording 20 the Government estimate.
which tells the story of the boil weevil
ravages and the menace of that insect
IN the future. One thing, however, the
boil weevil has effectually accomplish
I'd; it has eliminated the possible over
production of cotton as factor in the
agricultural situation. Although, of
course. the cost OF production is high
by reason of the low yield per acre.
he income of the cotton-growers
never has been as high. out
'ide of war years, as it will be this
rear.
The effect of high priced goods
lpon consumption is yet to be seen
The cotton goods industry of Lanca-
hire is still running half time on
american cotton, and the London
Times comment upon the situation
nay be interesting reading for the
farmer who may have been
ed to believe that he has the only
roubles in the world and that some
ialign influence is responsible for
hem:
Unfortunately for Lancashire. it
appens that, broadly speaking. the :
aw materials of the cotton industry
re purchased from the wealthiest ma
ons in the world, while its products
re sold to the poorest, and it requires
tile knowledge OF the conditions ex-
ting in the world today to see that
the present time these conditions
ace the cotton trade at an enormous