Evening Republican, Volume 18, Number 57, Rensselaer, Jasper County, 7 March 1914 — Wheat From Australia and Russia Affects Price Here. [ARTICLE]

Wheat From Australia and Russia Affects Price Here.

If the price of wheat and other grains in this country is not affected by the tariff, what is the meauing ofsuch paragraphs as this in the daily market reports? “Chicago, February 27.—Prospects of large shipments from Australia and Russia had a bearish influence on wheat. Dispatches from Australia said that sufficient freight room had been engaged to carry the entire surplus crop of the oom monwealth.” “Bearish” means downward in price, and the word occurs very frequently these days in the grain market reports, especially .n connection with news from foreign countries about crop prospects and shipments. Formerly the “world supply” affected only the world markets, but now with the bar. 1 : down in this country, there is a rush for the American market. It is the best market in the world and heretofore has always been reserved for the American farmer. Now for the first time, it is made common property for every grain producing country in the world, and the American farmer will have to root with the rest of them—all for the sake off demonstrating what a nice thing a competitive tariff is.