People's Pilot, Volume 4, Number 47, Rensselaer, Jasper County, 16 May 1895 — Overproduction of Wheat. [ARTICLE]

Overproduction of Wheat.

The best answer tp the theory that overproduction of wheat is the cause of its low price is to be found in the "Corn Trade Year Book,” England, probably the most reliable authority published. According to that authority the world’s wheat crop for 1891 Was 2,456,000,000 bushels, and the average price was sl.ll per bushel. In 1892 the crop was 2,440,000,000 bushels, but the price had fallen to 90 cents. In 1893 the crop was the same as in 1891, but the price had fallen to a fraction lees than 30 cents. In 1894 both crop and price were smaller than any of the foregoing figures, the price the lowest on record. The same authority also Bhows that in the period of 1874-84 the populatfon of the chief wheat producing countries was 397,000,000, and the production of rye and wheat in those countries per head, of population was 7.08 bushels. In the next period of ten years, 1885-9 s, with the tlon increased to 434,000,000. i luction of both these crops po d of population was only 6.84 bushels. The dollar that is constantly increasing in value is a dishonest dollar, and that ts the dollar that the gold bugs want