Americus times-recorder. [volume] (Americus, Ga.) 1891-current, 1923-09-18

crease of production trade between
the two countries naturally should
have great expansion, to the advant-
age OF both countries. 1t is to be
hoped that the establishment OF
good understanding between the two
countries will lead to all these de-
sirable results
Rise of Agricultural Products .
Prices of agricultural products
were at their lowest i'll July when
small grain crops were nearing harv-
est with large promise. Estimates
upon this country's production o.
wheat has been lowered about $4,000
600 TO 35,000,000 bushels since July
LIST, and upon the Canadian crop fully
1O0,000,000 bushels, and these reduc-
tons have given some strength to the
markets. 1t remains true. however.
that without including Russia, Europe
plus North Africa, has produced
about 100000. 600 bushels OF wheat
aud rye in excess OF last years har-
vest. 1t 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 wilt he
practically all wanted for home con-
sumption. The surplus is in the
Pacific Northwest, which has fine
crop. AS a result Of the short crop
of Spring whca: 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 bushel
above Chicago. 1t is mistake to
suppose thai whea' has been ranging
much below the price. OF year ago.
The range Of contract wheat in the
last week of August, 1922. was, for
September delivery. CO.'S to $l.03B
while for the. last week Of August,
1923. the range for September has
been from $l0C TO $103; for the De
cembtr delivery, in the same weeks
the range was, last year. $l.00M TO
$4.0518; this year, $1.045s to $l07N.
Last year, the Chicago and Minneap-
oils markets were about on a level.
while this year. on the last day 81
August, September wheat closed in
Chicago at $l003& and in Minneap-
oils at SlI45$ 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 591s to CO. cents. and for
the December (new crop) delivery,
from 81 tor 557s; in the last week OF
August, 1923, the range for Septem-
Der delivery was from 8l5S to 84N,
and for the December delivery from
66H to 677s. The fact that the De-
cember delivery NEW crop) is SELL
ing about II cents per bushel over
the corresponding figures of a year
ago and about 5 cents bushel over
what it was two months ago, is not
able because the crop now promises
to yield over 3,000,000,00L bushels and
rank among the half dozen largest
crops ever produced.
Oats, year aga for September de-
livery, were ranging from 3136 70
32M: and at the use of August,
1923, from 371a to 55B.
The most pronounced change in
prices has been in hogs, which scored
an advance of about $500 per humid
redweiGht in August. a remarkable