Evening star., 1928-06-16
III. s. FARMERS STILL
SEE RELIEF NEED
Large Canada Wheat Crop
and Lower Prices Are
Big Factors.
BY J. G.. ROYLE.
Special Dispatch to The Star.

Special Dispatch to The Star
NEW YORK, June 1G.-Prospccts
that the farm relief problem. which
faces both ~ the chief political par
ties today In acute form, will die down
as the year and the campaign progress
seem very unlikely, according to re-
ports ocay from the so-caled revolt
ing corn belt
Forecasts based upon the latest
figures available indicate small VIM
ter ,,he"+ yield OF about go, 600 900
bushels and somewhat reduced Spring
wheat yield in the Northwest. where
The condition of the crop on June
was set at 70 per cent, as compared
with 35 per cent a year ago
Prices today are lower than they
we're a year ago. This Is due largely
to The prospect o. a huge Canadian
crop and TO large carry over of old
Vreat stocks. New Winter wheat has
Just started to move to market. The
prices being paid are about cents a
oushcI under those Of last year.
I Dominated by Foreign Demand.
| Prices for hard Winter wheat are
, largely dominated by foreign demand
/ 1hIs Is so because the United States
( produces more than this country can
consume and the price here depends
+ to large extent on the prices which
/ the surplus viii bring in foreign mar
kets. At the moment foreign demand
/ for hard Winter wheat is reported slow
: The Southwest is producing a good
I crop. Tne Texas grain has improved in
position eppreciably IN the last fort
night, but in the soft wheat belt OF
/ illln3.s and Ohio the harvest is likely
7 to be small and the prices none too
good In the Northwest drought has
! cut the Spring wheat prospect
| The Canadian Spring wheat yield
/ promises to surpas5 that of a year ago
/ Condition of this years crop now is
! set as 100 per cent of normal, as COM
pared with 95 per cent a year ago
There is a carry-over of 100000 600
bushels of Canadian wheat, which is
likely 10 nyerhang the market
The danger from the Canadian posi-
ton is emphasized by the fact that the
| CANADIAN farmers unquestionably mar
ket their wheat more advantageOusly
than those of the United States. work.
| ing through highly successful co-opera-
tive organizations. Moreover, Canadian
fields are new ground.
The yield is far higher than from the
fields on this side Of the border which
nave Deen pld1teQ ana TeplanLeQ IOT
many years and the necessity for ferti-
!i2cTs Is negligible.
Corn Crop TO BE Large.
year ago wet Spring prevented
the planting of corn until late and il
looked like a disastrous year for the
corn growers. This year most of the
farmers had their seed in before June
l. Thc acreage is larger than a year
ago and the prospects are good for a
/ large corn crop.
Wheat, corn and oats are all down
from their recent highs. Not only are
corn prices down, but hog prices are
relatively lower and sheep have dropped
nearly So hundredwaght during the
I last week or 50. Cattle are under the
| recent highs
With th1&e things taken into consider
/ alton. the farmers may be expected to
/ hcntinue to press necessity for farm re-
! lief.
( In spite Of these facts. banking cnn-
I ditions in Minnesota. Wisconsin. Iowa,
/ North Dakota, South Dakota and Mon
/ tena are sounder than they have been
! in decade. and the dairy industries
/ are returning remarkable yields.