Will Wheat Advance.

Manawatu Standard, Volume X, Issue 1502, 10 November 1885, Page 4

Will Wheat Advance.

It seems to be accepted now as a fact that the wheat crop of this country (Canada) will be much less than m any other year since 1879, yet the pricer<Sontinues low. ■ Speculators^ complain bitterly at' ihe disposition manifested by farmers who hold their wheat until thle price advancfls. What else can a farmer do if he has just consideration for his own interests ? It is tru,e, %c may bis compelled to sell because of debts, but if he is able to hold when the price is below:cost' of production, thatis the ivisest 'cburse-to pursue. - A farme.r m bh6 of the best wheat countries of this state remarked a few years ago when he had two or three crops ot wheat oa-bapidthat the price would be a dollar and a half at least once. in three years; and he made it his practice, to hold his crops for that price. . His generalizing, however, was sound, and will be supported m years to come by prices that will always .gd higher after a long period of depression. The very fact that wheatiias "sold -lpw continuously for three yeara and more is an argument favouring an Advance, because low prices have "lessened area of production,! while, at the same time, they have increased consumption, thus bringing nearear approach' to -that even balance between supply a^nd, demand, which.. v makes healthful : feompetiiibn. Careful observers of the situation have now settled to the conclusion" that wheat will advance within, the present year. It may not go to high figures, it probably will not ; nevertheless an advance is almost as sure as the harvest.— Elmira Husbandman. . .. , !