The Bismarck tribune. [volume] (Bismarck, N.D.) 1916-current, 1929-09-26
iAIN IN Consumers
Buying POWER MAY
HOLD some months.
Business Activity Not Expected
to Maintain Recent Rate,
Says Farm Outlook
WHEAT PERIOD AFTER JAN. |
Ecst Marketing Chances When
Lakes Close, Before Ship
ping South Of Equator
WHEAT PERIOD AFTER JAN. |
~ REX r. WILLARD
f,,sarm Eccnerist, North DAKOTA ..ri-
cultural C1s.rgc)

The buying power OF consumers
during tile no@t fcw months should
continue above the Levels for the COR
responding period OF last year, al
though the rate Of business activity
is not expected 10 be quite SO nigh
rs that Of recent months.
Most Of the advance IN the scn-
caal commodity price level from May
to July va maintained during Ai-
gust. although lover prices OF textile
products. fuels. metals and mlscei-
lancous items slightly lowered the
general average.
In North Dakota the general level
Of farm prices has increased. Prices
received by producers for crops in
creased from an index Of 81 August
Is to 134 September Is. Livestock and
livestock. products prices which
showed an index OF 1873 August Is, de-
creased to l62 September 10.
Wheat
The outlook for wheat prices has
not materially changed during the
past month. An upward trend III
prices Is under way but the rise
through September may not be quite
so marked as in 1924. Ii is probable
that the period January to March.
after the closing or the Great Lakes
which checks the Canadian move
mcnt and before the new southern
hemisphere crops begin to move in
large volume. will offer a more salts
factory time to sell wheat than the
present.
Forecasts and estimates Ct produce
ton to date in % countries total q
$685. 900 900 bushels or 35l ,0O0, 900 BUSH
els less than was produced IN tho
same countries last year. Droughty
conditions IN Australia and Argcn-
tina indicate that the production In
those countries is likely to be AT
least 125, OO0, 900 bushels short of last
year. The worlds crop. outside of
Russia and China. is now estimated
to be about 3.4OO, O0O. 900 bushels as
compared With 5000. 600 900 bushels
last year.
The increase u caxry-oyNl offsets a
part OF the reducton In the crop.
making the reduction in world sup
plies about $50. 0G0 900 bushels. TAX
ing into account the average annual
increase in demand. this reduction in
supply would normally raise the av-
cragc price In world markets about 40
to IS cents per bushcl over the aver
acc OF the past year.
All-spring wheat production IL
North Dakota in 1929 is estimated tc
be SO. TOO 900 bushels. This is mere
than sc. 1000 900 bushels less than that
harvested last year. The estimated
production for durum wheat on the
basis of 90 bushels to the acre
amounts to 81, 100000 bushels. or a
little more than half the amount pro-
duccd last year.
Flax
Prospects for flaxseed in the United
States declined about 1900, COO BUSH
els OF 8 per cent during August. The
United States crop is now estimated
at 16.388, 600 bushels compared with
1880. 900 bushels last year. The
September ! condition in North Da-
kota Of AZ per cen indicates a pro-
duction Of 6.839. 900 bushels as COM
pared with 8,115.o 900 bushels harvested
in 1923. and a f%aye-year average of
O ,255. 900 bushels. In northern Ar
gentina where much OF the flax crop
Is grown. lack Of rain has hindercd
the progress Of sowing. Flaxsecd