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Show GRAIX PRICES BOOSTED Republicans will not claim that the Republican administration is entitled to chief credit for the 'recent rapid rise in the market price of wheat. When the price was low, a few months back, it was the Republican contention that the price was determined) deter-mined) by supply and demand. Republicans Re-publicans will be consistent and assert as-sert that the recent advance in price is due to similar causes. Of course there are minor influences at work, but the chief cause of variation in price is visibly supply and demand. Democrats, on the other hand, will not be consistent. They asserted a few months ago that- the Republican Republi-can administration was responsible for the low price of wheat. To be consistent, they should now assert that the Republican administration is entitled to credit for the advance. This they will do. It is easy to enumerate some of the influences at work. One of these is the general prosperity of the Nation Na-tion which makes the American people peo-ple liberal, consumer? of all commodities, com-modities, wheat included. Another beneficial influence is the feeling of confidence which has been inspired by the overwhelming evidence that the Nation will keep a constructive administration in power. Still another ano-ther influence is the adequate supply sup-ply of money at low rates of interest. At a time when there is nn apparent shortage of wheat, there would not he so rapid an advance in the price if there were also a scarcity of money for there would be few buyers for uture delivery. Men with odle money have been buying wheat and tins n -.(je an active maket. Undoubtedly-the upward swing in the price of wheat, corn and other grains has been due largely to suec--illative buying. Men are buying to meeV future needs or an expected demand. de-mand. If it should become probable that a free-trade party will win in the November election, thus creating the equal probability of industrial depression, the effect could hardly be otherwise than injurious to prices generally, wheat included. When one iine of industry suffers, all must suffer suf-fer in some degree. Prosperous workers in the cities are an essential j to liberal buying and consumption of farm products. Fortunately, there is no indication that the American people will over-I over-I throw economic principals and poii-! poii-! cies whose soundness ha? been demonstrated de-monstrated over and over again. Neither is there any indication that the present administration will give way to hysteria and resort to socialistic social-istic measures to .solve perplexing problems. The Republicans refused to put the Government into the ' wheat buying business in order to raise prices. Its course has been vin-j vin-j dicated. There need be no fear of a j variation from that course in the j future. |