The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1880-11-17


There is a good deal Of wheat coming
daily to the Wheeling market for sale.
1t was worth yesterday az high as 81 O3
per busbel for good wheat. Tie principal
buyers are the Pacific mills people, Messrs.
N. & ]. Pollock-who are buying not only
for their own grinding but for shipment
East. They estimate that no! more than
half OF the wheat OF this region has yet
been sold. A good deal was marketed
SOON after harvest at 10 to 9j cents, but
the views Of 90 many farmers we're higher
than these figures that they refused TO sell,
aad SO they have held on, much to their ed.
vantage thus far. A good deal Of wheat is
coming up the river to be sold
here, and also considerable from out
in Washington county, Pc. As to
the prospects for still higher prices than
those now prevailing, there is considera-
bic diversity Of views. Very many think
that the crop is 60 large that the price can.
not be forced up and held up any higher,
while, on the other hand, the sdvices from
Europe have been such for come time past
as to materially stiHen the market. We
notice that Bradstreet's last New York cir.
cuIar furnishes some interesting figures in
regard to the demand and supply OF wheat
that seem to throw light on the probable
status Of prices this winter. Its summa-
~ Of the yield for 1850 for the entire
whestgrowing regions Of the United States
is as follows: Western States, 323,875, 600
bushels; Pacific coast (including Wash.
ington Territory, 39,5OO,OOo bushelsi
Southern States, Al ,929,9OO bushels; Mid
die States, 3G,595,OOO bushels; Colorado
and territories, l2.S50,OOO bushels New
England, 100000 bushels: grand total,
A65649,OOO bushels. The needs Of the
country for food, seed, &C., are placed at
265,OOO,OOO bushels, leaving margin Of
1922, 900 bushels for foreign export.
Returns regarding the surpIuses and
deficiencies Of the wheat producing
and consuming countries OF the
world give the following returns:
surpluses = United States, 100000
bushels: Aus;rO Hungary, 5000, 600 bush.
els; Chill, 100000 bushels; Canada aud
Manitoba, $3.50. 900; British India, G,OOO,-
600; Egypt, 100000; Australia, 12,OOO,-
900; Danube, 100000; Turkey, 6.OOO,-
700; Algeria, 1900, 0OOi Russia, 100000;
total surplus production, 954 $50, 900 bush.
els. eaciencies-Switzsrlsnd, Spain and
Portugal, 6,OOO,OOO bushels Italy,
100000; Great Britain, 10000
900; France, 100000; HOl.
land and Belgium, l4,5OO,0OO; Germany,
10000, 900; West and East Indies, Central
and South America, 10000 900; apparent
surplus production, q ,25O. 900. The con.
illusions drawn from these figures are that
''the apparent surplus Of wheat over the
worlds need Is SO small, that considering
the probability Of consumption at home
and abroad Increasing rather than de.
Creasing, there is no good reason 10 count
on declining prices. The shortness oil the
Indian corn crop will have some effect in
sustaining the price OF wheat. Again, It is
not possible for prices to decline materially
without speedily increasing the demand,
which in return will react in the direction
OF higher prices. Having regard TO all
the factors entering into the present
wheat situation, it is concluded that con.
tinusnce Of fair prices Tor wheat 10 juetiaed.
The apparent surplus Of 2TO,0oO. 900
bushels In the worlds wheat product Is
not so large as to justify the iears Of very
low prices. There Is little more, II any,
than enough wheat to supply present and
prospective deficiencies"