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Show SOME MORE INFORMATION ON WHEAT AND PRICES EUROPE'S CROP GREATER THAN LAST YEAR. RUSSIA WILL NEED THE SURPLUS. U. S. WILL NOT HAVE AS MUCH FOR EXPORT. PRICES SHOULD BE BETTER. SUBSTITUTION AN IM- PORTANT FACTOR. I Last week The Republican published publish-ed an artlclo from its special service on the wheat supply stating that conditions con-ditions would almost cortalnly force higher prices, and that the buyer of wheat now would reap larger profits, the same also applying to the holdei of wheat. The Republican -wus not attempting, attempt-ing, nor Is It now attempting to in fluence rarmets in tho disposition of their wheat crop. It Is slmpl attempting at-tempting to keep tho farmers advised us .o conditions. The wlso tanner will move in the time mid season thereof sullicient of Ills crop to take care of his immediato needs and then study the markets aud conditions condi-tions befort moving his surplus. It is In the hopo of assisting tho farmer farm-er In this way that .this servico Is j ghen and these articles written. Attracted by our artlclo of last week one of our subscribers decided decid-ed to get some Inside information on his o n account. Ho took, tho matter mat-ter up with tho Servico Division of tho Alexander Hamilton Institute of Now York. This reliable institution institu-tion immediately put their experts to w6rk with the result that onr subscriber sub-scriber received tho following letter which Is 'valuable to tho farmer and community as a whole for tho way In which tho matter is handled and aaets submitted. Wo aro greatly indebted in-debted to our good subsctrbor for permission to give the contents of thp letter to the people. It reads: "In undertaking to pedlct the fu-turo fu-turo courso of wheat prices, there are marty factors to be taken Into consideration con-sideration which seem contradictory and which therefore make a defln-, ito piognostjcation exttemely difll- cult "Bromhall, the English statistician i has reiterated his former torocast' that tho production of bread grains u whi'iii and r.v in Europe will bv. 120.00u.000 bushels gicatel than last j ear Tho crop failure in Rub-Bin, Rub-Bin, however, will probably requlro at least 120,000,000 bushels to meet tho needs of tho population there. There is eery probability, then-lore, that foreign requirements for wheat will be .it hast as huge, and ory l(l.ol l.iigei than last year. Our crop in this couutiy, accoidlng lo pitdictluns, will not lit) quite U3 large - l.mt year's. Threo hundred and ant. i million bushels ut wh6at en shipped abroad ftoin this rountn last year, and It Is now es-tluiated es-tluiated that we shall not have more then 200,000,000 bushels for export. i Tile-so indications, then, would seem to point to u continued firm position lor wheat prices. With so strong a demand, It would appear more logical to expect a riso than a furthei decline In prices. However, it Is important to keep In mind the fundamental economic law of hubstltutlon. With all other grains down to pre-war levels, It is reasonable to expect a tendency to substitute tho cheaper grains of whc&t.o ' -. "Taking Into consideration, the strong demand for wheat, Its price should range about GO per cent above tho pre war level. Whllo I am not acquainted with- local conditions In uur section, 62 conts to 80 per bushel ceem rather low prices. If that Is all you are getting for wheat In your part of the countrj, it would scorn logical to hold for higher prices. "Tho Interstate Commerce Commission Com-mission Is, I believe, considering a i eduction in rail rates on grains for export. Just how far thoy havo proceeded, pro-ceeded, hdwover. I am at prosent unable un-able to tell." |