The Bismarck tribune. [volume] (Bismarck, N.D.) 1916-current, 1933-01-04
LITTLE FISH IN BIG POND

l
conform 70 this policy.
LITTLE FISH IN BIG POND
Bismarck, N. D.
Dec. q, 1882
Editor, Tribune:
Following is clipping from the mar
ket reports of the Chicago Tribune un
der date OF November 30th, 1892:
WHEAT PRODUCTION IN
NORTHERN HEMISPHERE
World production of wheat this
year, excluding Russia and China.
appears to be practically the same
t. as last year, with almost nothing
to come from Russia, says Nat C.
Murray. crop expert for Clement.
Curtis e. Co. The department OF
agriculture'S estimated wheat pro-
duction in the northern hem
isphere is 3.l72, 100000 bu. against
100000 900 bu. last year. Since
this compilation Jugo-Slavia has
reduced its estimated production
l1,28O,OO0 bu.
IlC tIduC Id COlltAlSCN ou2
spring wheat estimate will be re-
duced by about 100000 bu. be-
low the 27O,OOO,OOO bu. production
previously given by our govern
ment. which, therefore, will show
the 1892 wheat crop Of the north
ern hemisphere to be apprOxi-
mately 25,0OO,O0O bu. less than in
1881.
Southern hemisphere crop is yet
somewhat uncertain, but indica-
tons are that both Argentina and
Australia will produce little
more than last year-probably 35,-
100000 bu. over last year would be
a fair allowance. Last year the
consumption of wheat was slightly
larger than production-that is.
reserves at the end of the season
were somewhat less than at the
beginning.
This shows that in the northern
hemisphere. which includes the Unit
ed States, Canada, all European coun-
tries. Russia. India, China, over three
billion bushels of wheat were raised in
both 1891 and 1882. These figures dc
not include the wheat raised in Aus
tralia and Argentine or other coun-
tries south Of the Equator. amounting
to several hundred millions bushels
more and in addition to the over three
billion bushels raised north OF the
Equator.
Anyone who claims that by placing
an embargo on the shipment of wheat
from North Dakota the price of wheat
will rise to ST per bushel is either very
ignorant, very foolish or mere dema-
gogue. In 1881 there was practical
failure of the wheat crop in North
Dakota. The greater part OF the state
did not raise enough wheat for seed
for the 1882 crop. Nature. itself, plac-
ed an embargo on any wheat ship
ments from this state in 1881, yet the
price of wheat during the fall of 1881
went down.
In 1882 the North Dakota wheat
crop was perhaps one hundred million
bushels larger than in 1881. At the
same time the winter wheat crop in
the United States was around 300 ,000,-
900 bushels less in 1882 than in 1881
making the total crop of the United
States, according to the very latest
figures, published since the above were
issued, some 25O.OOO,O00 less in 1882
than in 1881. yet the price Of wheat
has kept going down all through the
year until now it is the lowest on
record.
In almost any year the entire wheat
crop Of North Dakota could be entire
ly wiped out and the price of wheat
would not be raised three cents
bushel as We here have to compete
with the three or four billions bushels
of wheat raised in the entire world
AS matter of fact the entire wheat
crop of the United States could be
wiped out and the world price OF
wheat would probably not be raised
ten cents a bushel.
This is partially shown through the
fact that in 1881 Russia, for instance
exported great many million bushels
of wheat and in 1882 is exporting nc
wheat and is actually importing
wheat. mostly from Australia ano
Canada. Yet, cutting out the former
great expectations of wheat from Rus.
STA. the price of wheat still keeps 60
ing down.
This fall the winter wheat crop in
this country, in Kansas. Oklahoma
Nebraska and other states has beer
badly damaged by drouth and the re-
cent cold wave with no snow covering
and. according to the latest govern.
ment and semi-official reports. the
winter crop of this country will, al
present writing be at least fifty mil.
lion bushels lower than it was in 1882
And even 1892 showed the smalles
winter wheat crop raised in this coun.
try in a great many years. Yet, the
price of wheat keeps going down.
Why cannot stop be made to such
ignorant and foolish Measurements a.
have been made this fall and winter
to the effect that an embargo or
wheat shipments from North Dakota
would raise the price of wheat to {
dollar a bushel or any other amount:
A normal crop in this state Of aroune
one hundred and fifty million bushels
is only about three per cent Of thu
crop of the world. I ask you. ash
these people making such foolish, in