, 1877-01-01

..... THE OUTWARD MOVEMENT
Was rather slow during the amtuMt. months. for
the reason that nur inurket was kept constantly
above sllpplnE basts ever since August. There
WIS some advance In prizes OIL the nthrr side OF
the Atlantic, the Tar rsifnors having stimulated
speculative movement among the Greek ner-
eiapss, hut y WAS mt extensive. EuEaiah oper-
ators seemed to EencraiIy believe that thero
would be no war wide-spread enough TO serious-
wary ~ tbs excitement of the past four
ycars had unitormy been against them,
and most ii thela lsad los. heavily
BY bidding tip prices. 4 Flight ndynnee IN quo
piles Under which prices were sure to decline.
And the area of this supply la. wldtned NATE
RALLY within tnc past lew years. on1y three
years ago tho h7st saa,pe If wheat from tho
East Indies was received IN Lontiol,, and now
q large volume Is offered from TINT country,
that lsas bcrn grown ut q cost With which Amer
itau labor sarsnot co'''nctr: Cl1i1 and Australia,
forn!a In competing with our older rival,
Russia, fur the llul0F and profit OF supplying
thu British deficiency In brcadstulfs. II q no
wonder, therefore, u the EngList. Importer feels
independent of the Ctlstcti SUITES, anil pays less
attcntLon tl,an leretotoro to thr cry Of ashort
crop" on the eastern side OF the Roeky 3toun-
tnins. We may a.ld that they nlyftu Us u the
effect that the wlIrat crop Of tSt1 On tho Euro
pcau Continent and fl tbs !ritlsh Isles is up to
an effective Average, the faling oil In y1eld be-
Ing compensated by the fact vi superior quality,
Which E{res inoEc ifouE than ,lsual to the meas-
urea uutHEl. 4HC uu&nEl 0l ~HtAI Lncf6 MGAn6
Ao many cl,bfc inches mud not certain number
uf pounds.
TIE Ylyt.n or THE UNIFIED sTArEs
waa Estimated 1t the c!ose Of October by tho
Agricultural bureau 70 ba only 2A3, ,00l, ,00
bushels whtcl Il nearly onc-stxth lcss than tha
3oo, 100 000 buh!,cls usually regarded our full
erop. 1t Is prubub,c tl,at II thts estimate had
been regarded ~ trustworthy, a considerable
advance, evcn trotn war-l11tilor prices. would
have occltrrcd. With tho assurance Of such =
crop, whest would l,asc eolu In Chicago 1t
sl.2te1,5 80 per buslscl. But the estimate was
| York, and Inunv .,i,rsators here, regarded tho
figures ~ much tho snall,--b based too much on
/ the statements of 1i,oru who aru Interested
IN spreading the Try of "sna1t CROP"
They remembered that the 'statist!rs " Issued
/ by thu same authority In 1879 lrtl US to cxncct
| thu West. which WIS an error: and they beltcTed
| thut tie facts If the present dEHcreIited tho
| nfatrnlcut fur 1870. There Is no doubt th4t tho
yield IT tl!c Sort'lwcst minnesota, WISCONSIN.
and iow.} il sfapst, but thrEe 4 broad hand OF
country between us nnd New York Which haa
largc crop Ut winter wheat, und l,as been oler-
ing It on The rca.narl IN iargc volume. ut prccs
| leuw what 1t rau tse lad down there from Chi
| tagn. Tho winter wheat crop Of tht Middle
statcs ls undoubtedly un abundant onc,
tSS'shsS ti'c s";tagc ot 10 .pri"s ' sssat % ia IL
notIcc too, that tic receipts at Ut: Louis 1udt-
tutc h!g crup In the Southwest. There was a
hi. surplus Ii, kansus uni Nebraska, sonle Of
which has come liere already. HuHi prices htFo
wlIl unaouhtetilY, draw must ct thc remainder
jlcrc, the remainder will find tts way TO Balti-
more snd Philadelphia.
TIE cnnr.
/ The following hsr aiDroxtmnics to the esti-
| mates Of the Agricultural! bureau OF the total
wiarut yield VI Tue United dtates fur srries Of