AMERICAN HARVEST

Waipa Post, Volume 37, Issue 2236, 17 November 1928, Page 3

AMERICAN HARVEST

WHAT THEY MEAN. While general interest is centring around news of the Presidential campaign (says a New York journal) far-sighted business men, who realise that no cataclysm will follow the result of the coming election! are giving attention to the crop news coming out of all sections of the country, and particularly from, the middle west, the southwest, and the south. This news is of the, most encouraging nature. The south and southwest! will have good cotton crops, and the grain harvest of the Wheat and dereal producing states are above the average. Just what the agricultural wealth now partly reaped and still to be garnered will aggregate is an unsettled problem, butt it is generally agreed that ten billion dollars is not an exaggeration of the toll. Thiis does not represent paper profit, to be wiped out by a fall in stock exchange quotations; it< is actual tangible wealth new money that will flow into and vitalise the channels of commerce. It means added transportation for the railroads, increased consumption of almost every commodity that goes to make up modern life as it is lived. It will stimulate or at least absorb the maximum production, of automobiles—in fact it spells prosperity in which everybody will share. The benefit will not be confined to the Unitled Statejs. The buying power originating with the great crops will reach abroad in directions too numerous to classify. And what is said We,re of the United Silates applies equally well to Canada, now in the midst of gathering a wheat harvest estimated at five hundred million bushels, this aside from other crops which are yielding bountiful returns. The overwhelming magnitude of the 1928 harvest tends to lower grain prices but bulk makes up for the lesser price. Europe will have the assurance cf cheap bread this winter by reason of the unexampled North American grain harvests.