Mower County transcript. [volume] (Lansing, Minn.) 1868-1915, 1878-09-05
CALIFORNIA WHEAT,
San Francisco Chronicle.

San Francisco Chronicle.
comparative failure of the wheat crop in
ornia last season renders any comparison
cen the business of this and last year in
particular trade of little value. 1t is with
II that the present season may best be
Jared, because the circumstances are more
similar. In 1851 California sent
ad the largest quantity of grain known IN
istory of the State, the exports of wheat
lour-the latter reduced to it's equivalent
leat-amounting in round numbers to
90 tons. or $4,000. 900 centals. This sea-
ne estimate of the available surplus. is,
The opinion of the best informed
rs, about the same. although there are not
ing many persons who believe that the
ecedented surplus Of that year will be ex-
I'd, owing to the wonderful yield in the
Joaquin valley. So far the movement of
t. closely approximates that of 1876, the
tity which has come to Underwater during
rst six weeks of the season being almost
ical. The exports also nearly correspond.
August, 1876, 1,140,610 centals, valued
,773,957, were sent away. This year, to
late. l, l91 ,269 centals, valued at So O22,-
have been dispatched. Preparations for
ng the crop are, however, on a more extern
scale this season, 68, AS tons of shipping
under, engagement, to load against. AZ ,675.
in 1876, and the quantity Ct disengaged
:ge in port is also much larger, footing up
5 tons against only 1920 tons two years
8 not only in bountiful yield that our
ers are blessed this season. Prices and
of foreign freights are also greatly in
favor. In the middle of August, 1876,
-ornla wheat in Liverpool was qoted at
@9s I'D per GENITAL for average, and IS 5d@
per GENITAL for club. To-day the value is
a@10s I'd per Genital for average, and los
0s 10d for club, and wooden ships are
lrable for Cork for orders, at @e2 "a Cd per
while in August, 1876, they were worth
Is per ton. The result is that good ship
grades Of wheat bring in this market
@1.80 per GENITAL against $1.50@1.52115
entail at this line in 1876, and the fixed
'es' such as harvesting labor
!. lover than they we're, even
, per GENITAL goes directly into the pockets
rmers. Practically, the crop is realizing
20 per cent. more to producers, and the
ok is favorable, as the English markets
strong tendency. In only one respect
is market likely to- have a setback. The
of freights now ruling are quite unre-
erative to shi p-owners, and the decline
h has occurred from e3 per ton. at which
eason opened. to 92:2s Cd to 81 s. per ton,
'cst now obtainable, has checked the In
Of ships, and the number on the way
s marked decline. The tonnage under
cement is larger; the disengaged tonnage
1T is larger, but the tonnage on the way
n poor showing. Summed up, the visi-
-npply lis: :. IL: :~!ti1 " -:
Is disengaged, tons:::::: $3.50 1856
Is on the way here, tons. .266. 1881 160s574
als, tons :........:...... 346, 1896 1876
that while the requirements are quite as
the prospective supply is smaller, and
:eights now ruling do not encourage nc
-,ns to the list of vessels? bound. hither.
these circumstances wheat il likely to
lshed forward to take advantage of, the re-
on to which ships have been compelled to
it in order to fill: up and get away, and,
n the next two months, q much larger
,rtion than in 1876 will have been realized
the proceeds of our crop.