Evening star., 1928-05-22
/ farmers HOLDING
BETTER OUTLOOK
Implement Sales Large.
Higher Wheat and Larger
Corn Acreage Expected.
ny ]. c. ROYLE.

Special Dispatch TO The star
NEW YORK. May 22.--The farmers
Of America ere as whole far from
downhearted, according TO bankers In
close touch with agricultural commu-
mites. A good many farmers antici-
pate that the McNary- -Haugen bill Will
be- vetoed by the President but they
also feel that farm relief Is being
worked out by economic forces rs ef-
fectively as could be done by any leg
islative enactments.
It Is still too early In the crop season
to predict either WELD or prices with
certainty, but outside Of possible un-
favorable weather developments the
outlook for the farmer Is more than
encouraging This Is supported by the
definite knowledge that production
costs are being materially lessened on
the farm. In fact, the supply OF farm
labor is in excess Of demand ana this
will tend to obviate any excessively
high wage demands during crltical
periods OF crop development ana mar
vesting
A survey of dozen OF the more
important farm implement manufactur-
erS reveals the fact that their sales so
far for 1929 are larger than at any
time since the season Of 1920-2l, rms
fact will also tend to work for lower
production costs.
Much wheat Killed.
The amount of Winter wheat killed
from Illinois eastward has been larger
than for many years. Old wheat stocks
are not Of great proportion either IN
this country or in Canada. Foreign
demand promises to be at least urc 10
normal despite the opposition TO the
entry Of American grain into some
European countries.
All this tends to support the theory
of higher prices for wheat TINS year
In view Of the fact that mucn OF tne
Winter killed wheat acreage has been
renIanted to corn, the outlook Is for
larger corn acreage this year. The
bulk of the seed Is now In the grouno
and old corn is pretty well cleaned up,
except In some Western communities.
with favorable weather a large crop
should be produced and should De
readily absorbed by consumers. ~ Iol-
lows naturally that II the crop IS large
the urice must be relatively low. put
while this will affect the growers VINO
market their corn direct. 1t viii be IN
favor of the growers who will market
ii in the form OF meat
The ost crop Is not, a. the present
time, facing a prospect for large pro-
duction, since the grain has been neio
back By lack OF moisture. This inoi-
Gates a continuation Of the present hish
prices for oats, which. are now. at a
level far higher than in normal year
Favorable 10 St0ekman.
The situation at present Is exceed
insly favorable to the livestock pro-
ducers. Cattle prices are about $3.50
a hundredweight higher than . year
aso and there is every indication that
this level will be maintained. The bulk
of beef steers are selling at $i2 10 $lA
A hundred, with SIS q top price. the
best hogs are worth above $l0s and
reduced production and lighter farrow-
inss indicate there will be no SHARP
dip in prices for year TO come:
The sheep business Is highly pfont"
able and has favorable future. Sprins
lambs have reached an extreme top Of
$3.50 this month, while wool has Ad-
varlced In price materially since the
opening of the clipping season.! Dairy
cows OF fair quality are bringing $i2s
apiece, and dairymen are getting around
$3.50 q hundredweieht for milk
Farmers are not complaining about
the price OF commodities, nor are they
giving exuberant cheers over the sit
uation. The more farsighted ones seen
to agree that the agricultural situation
today Is on . pretty fairly normal basis
with a farmer having a chance for
good living and a fair profit, provided
proper management and costs conser-
walton are exercised.