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Rates on wheat will not, as promised, be reduced by 6¢ to 9¢ per bu., because this commodity is now being carried from the head of the Lakes to Montreal for about 5¢ per bu...
...Traffic on the Great Lakes averages 134,000,000 tons per year of which only 14,000,000 is for export. Canada would ship out 300,000,000 bu. of wheat whereas the U. S. would have less than one-sixth of that for foreign markets...
Farmers were inclined to blame much of the drop on the fact that last week Secretary of Agriculture Hyde suspended the rule on grain futures trading which required that all individual trades of over 500,000 bu. be reported. Shortsellers, claimed farmers, were thus given free rein. But in grain circles it felt that the drop was due to the withdrawal of bullish speculators from the market when it became plain that U. S. wheat, long buoyed above world prices by the Farm Board, was seeking a level which would make exports possible. Although the Farm Board has been...
...advantage the Winnipeg peg was pulled. In a short time December wheat was selling at 47⅝? in Canadian currency, giving it a 2⅜? advantage over U. S. wheat. How this advantage works is seen in the September export figures. During the month Canada exported 28,607,000 bu., a 69.9% gain from a year ago while the U. S. exported 2,642,000 bu., a 77.5% drop. Competition in the export market will soon be increased when the new crops come in in Australia and the Argentine...
...empire, devouring life-giving roots. Long, hot, cloudless weeks baked his rich soil until surviving stalks of wheat withered and died. When harvest time came most of his silver combines and tractors remained in his sheds. Only 3,000 acres had a crop worth reaping. They yielded but 11 bu. per acre...