Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1880-11-27
BUYING AND SELLING.
GENERAL MARKETS BY TELEGRAPH.
Money Active at 4 to l.l6 per Cent.-Gov-
ernments firm-Flour In Good De-
mand-Wheat Unsettled
Hogs Dull.
STATE OF TRADE.
Wheat.

The gigantic wheat crops which have
been produced in the United States in
the past two years. coupled with the
growing acreage devoted to wheat, sug
gests 10 the lmsricn Miller few
thoughts as to the capabilities OF the
United States in the matter OF wheat
raising, and give rise to the inquiry
where the present movement toward the
wheat. growing will end. Few people
even in our own country, realize fully
how iDexhaustible our resources in this
matter actually are. Without localizing
the areas by States, there are at least i,0,'
600, 900 acres OF land in this country
which can be devoted to wheat raising
Our wheat crop OF last year, which was
considered phenomenal, would not fur.
nsh the seed to sow these vast tracts oi
wheat country. One can hardly realizc
the full significance of this fact II means
that the United States can raise more
than enough wheat to feed the world s
population, and that the United States
will forever be, as it is already called,
the worlds granary. "As yet," SAYS
The .ineric0n MHer, "only small part
OF our cultivable area has been utilized
for any purpose. Even in so old State
as Mississippi, there are millions OF acres
OF uncnltiyated lands that would yield
bountilul crops, and the same is true of
a dozen other States that are now con-
sidered well settled, Land is So abund.
ant that our farmers have plundered the
soil instead OF cultivating it. What il
would yield under careful tillage We
have no means of knowing. We do
know, however, that some parts OF the
country, Southwestern Illinois. for in.
stance, have Welded crop after crop Of
wheat without fertilization or manuring
since they were first settled by the
whites. Lands in other portions OF the
United States would produce nagniii.
cent crops of wheat indefinitely by alter.
mating them with clover. Our millers,
therefore, will always possess van
tage ground in the fact that
they possess an incXhaustible
supply OF cheap wheat. No other
nation is SO situated as to compete with
us i'm that matter, and we take it that
with the increase Of our wheat crop our
milling industry will increase with equal
pace. Our country IS fast losing its pro.
vincial character; and as il assumes
more and more a self-sustaining charac.
ter, it will cease to export raw material,
and ship manufactured products instead.
Flour will gra lually supplant wheat "a
an export and our mills vii! grind the
product of our soil instead of being COM
palIed to see so much of it sent abroad.
The mills are moving to the wheat lands,
and each year will witness the growth
OF the home market for wheat, and the
Coffee.
New York advices state that although
the absorption ol Rio coffee during the
past two weeks has been large, dealers
do not appear to be in pr hssing need oi
fresh supplies, and there is no DISPOSE.
ton to buy, except at the low prices re-
Gently current. Advices from Rio up to
the 18th inst. note coffee purchases Tor
the United States since the 10Th inst. OF
5000 bags; for Europe 5000 bags;
shipments to Atlantic ports 5000 bags;
to Gulf ports 5000 bags: stock 2l0OO0
bags; daily average receipts 1000 bags
TheI interesting features are smaller re-
ceipts, large purchases ior both tins
country and Europe, consequent reduS.
tons of the stock, an advance oi lOW
reis in quotations, but no change in the
rate OF exchange.
The rapid extension OF the railway
system at the West and Southwest is im.
parting fresh activity to the steel rail
manufacture. One PENNSYLVANIA firm
has orders booked fer $4,000 tons, and
other establishments are reported to he
working TO their full capacity.
A Philadelphia correspondent Of The
Iron Age writes that IN stael rails some
heavy contracts vebeen closed during
the week, sales during the past ten days
agpreyating upward OF 10000 tons, about
half the amount being for the Northern
Pacific road. Prices cannot be given
definitely, but it is safe to say
that $1,000 at mill, according
to time OF delivery, covers the
greater portion OF the transac-
ton. A sale OF 5000 tons is also re-
ported at S5l, delivered at a port on
Lake Erie, and other sales OF los OF a
few hundred up to 1000 tons each for
early delivery, at still higher pr'ces.
There seems 10 be more disposition TO
enter orders than there has been, nearly
all the mills having increased their ca.
pacitv, or are about to llncreas' 1t at an
early date. There is. therefore, dispo-
si,ion to keep all the business at home
that is possible. Consumption Is likely
to be very large during the coming year,
but tho home production will probably
be equal to the demand. In iron rails
the past year has been very quiet. and
the only sale reported IL one oi 300
tons 10 the Northern Pacific railway.
There has been less inquiry than usua' ,
but, ~ the mills are full oil work, II
makes no apparent difference, and as
there il every reason To expect heavy
demand for spring delivery, prices are
held very firm