The daily gazette., 1878-11-15
A Decline in the Exports OF
Grain.
THE FARMERS WAITING FOR BETTER
PRICES.

4 FhiCbh.
! Business at the New York Produce
Exchange is very quiet, owing to the
low prices of grain. The farmers of the
West are now holding their grain for bet
ter prices, and deliveries at this port are
very small. The demand for export is
good, but owing TO the short supply The
business has been light. Inquiry at the
Custom House and the Produce Ex-
change shows that during the past month
the exports of wheat have decli ned from
1900, 900 bushels In wheat and flour, per
week, from Atlantic ports, to 9 OOO, 600
bushels week, and that corn has fallen
from /, 100000 bushels a week to 800, 900.
Mr.. Waider, the statistician Of the EA-
change and the local authority here on
these subjects, believes that the export
, VIII rally at very early day. His esti-
mates are as follows: The crop in Great
Britain this year is only fair, and the
Kingdom will require 1O0, 600 900 bushels
OF wheat to supplemr mt her crop. France
required 23,000,Oe0 bushels last year, and
thls year her crop is 81, 900 900 less than
ir 1877, 1t heing one of the wort ever
known. She viii, therefore, need 80 OO0.-
600 bushels from abroad the present year.
From tue rest of Europe there will be
demands sufficient to make a total re-
quirement OF 2OO, oct, 600 bushels of wheat
In grain and flour during the year begin
ming September 1T. The United States
. ....st !
harvests The present year, and is IN a .po.
slIion to supply very large part of the
European demand. Her crop of wheat
was estimated at Washington to be 400.
z. O0O,OOO bushels but owing to The damage
to the spring wheat, Mr.. Walker esti-
mates the available crop at only 800, ,OOO,.
OoO bushels, and his opinion on these
matters has the weight of a decision 'by
the Supreme Court with the dealers al
tins port. The quantity available for ex.
port will be l30,OOO,O0O bushels in grain
and Hour. About half of this amount of
wheat has already been sent forward
that is, counting from July let, when the
! export on the Pacific Coast begins
Counting from Sept. LIST, only 40, 900 OO(
has gone forward. Owing to the small
supply abroad, it is known that this ex
port OF 10000, 900 bushels extend imme
dlately into consumption. 1t did not ac
cumulate In warehouses anywhere. Du
ring October, To Sever, the wheat from
the southwest of Europe has begun te
come forward briskly. The movement
really began in the summer, but it ba,
only become heavy within six weeks
For the l60 days ending October oath
l,349 ships, one-third of them steamers
had passed the Dardanelles, ,wheat-ladep
bound for France and Great Britain
Ihis movement of wheat has caused ;
{ shght accumulation in the west of En-
r rope and the price of wheat has fallen
| the fall amounting to thirty cents in all
since July LIST. 1t is this which ha
caused a temporary falling off IN the ex
: port. Mr.. Walker is too cautious to yer
}, tnre prediction, but he believes tina
a the lowest prices have now been reached
i The demand still remains good, and thi
/. must bring up prices to point sufficjen
d to unlock the granaries of the West, an,
bring down the wheat, and the corn
II which has sympathized with wheat in
heavy current once more. Mr.. Wake
believes grain is selling now at a lowe
price than will be known again for tn
ID whole OF the rest OF this grain year.