Evening star. [volume] (Washington, D.C.) 1854-1972, 1928-07-10
PROSPERITY FINDS
THE MIDDLE WEST
Golden Stream of Grain Is
Pouring Into Granaries.
Southwest Optimistic.
BY J. c. ROYLE.
Special Dispatch TO The star.

special DiSpatch TO The star.
NEW YORK. July 10.--A golden
stream of grain is pouring into the
granaries and elevators of the Middle
West, bearing on its crest a wave OF
business prosperity and lifting the load
Of farm depression from the shoulders
of millions of agriculturists.
This is the second largest wheat
harvest the central wheat belt ever has
known. With it has come a decided
change In the mental attitude of the
farmers of that section. based on a
belief that the farmer finally is coming
back into his own after many lean
years.
The harvest which is gathering this
grain is probably the SpeedieSt one that
has ever been known because 1t Is being
handled by combines, headers and bind
ers rather than by man power. Those
styles of equipment are singing merry
song of prosperity in the fields of
Kansas, Oklahoma. Missouri, Nebraska
and adjoining States
Optimism Is Felt.
With a splendid yield in prospect
business optimism has made itself APP
parent in most of the wheat belt, even
before the wheat has been sold. There
is greater buying of all commodities,
both retail and wholesale, than in past
years.
For the first time since the war Pc
Rod the farmers of the Southwest are
beginning to see prosperity peeping
around the corner. This is more mark
ed because live stock prices have con-
tinued to hold firm. On the Kansas
City market live stock prices have even
shown a tendency to advance Retail
in all lines throughout that
territory are more encouraged as to
the future than at any time in four
years. They realize that the wheat crop
and generally improved farm conditions
mean more ready money and greater
buying power this year than for many
seasons past.
of the Tenth Federal Reserve Bank,
conditions were never brighter for a
year in that section.
Picture Is Bright.
THE picture In this district" he said.
lis the best ever saw. When the farm
ers have plenty of money, they buy.
That means better times for every
body In a territory where agriculture
is the basic industry. It Is going to
change the whole psychology of the
farmer. He has had 1t impressed on
him by business men that farming in
the Middle West was failure. Some
of them had begun to believe 1t. but
this bumper crop will change all that"
c. w. Lonsdale. large grain operator
OF Kansas City. predicted today that
the wheat crop will be the second larg-
est in the history of the wheat belt.
with Kansas producing approximately
1855 900 900 bushels, Nebraska $4,000 900
bushels. Colorado 100000 bushels,
Oklahoma 100000 bushels and Mis-
souri, 100000.
In the Northwest the yield does not
promise to be bumper one In Mon
tana. North and South Dakota and
Minnesota. But on the other side of
the Canadian line, hundreds of thou
sands of acres of wheat are waving
message forecaSting a production well
above the 100000. 000-bushels total Of
1927.
Warning to Wheat Growers.
This Is a distinct warning to the
wheat growers of the United States. The
Canadian provinces. with great areas
still open to homeSteading and thou
sands OF acres being sold at low prices
by the railroad systems, are a source
of wheat production which Will play
q large part in setting world prices
for years to come. Good Canadian
wheat land can be had for $40 to SIS
an acre with buyers. In manw cases.
years to come. Good Canadian cases,
being assisted by loans up to $1,000
for the purchase of machinery and
other equipment. Payment for these
lands and loans Is not required, In most
cases. for IS years.
Most of the Canadian wheat Is sold
through the giant pools, which are so
powerful that they can sell in an open
market without dumping quantities on
the market. The Canadian wheat pro-
Queer not only has this benefit, but Is
given adequate facilities for moving
grains into the export markets OF the
world. The ports Of Vancouver, Port
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