Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1881-08-29
INTERESTING FIGURES.
Washtn0tOn officials Thtnk the Chicago
Bulls are Overdoing 1T.

Washin0ton officials Thtnh the Chicago
Bulls are Overdoing 1t.
Washington Letter Aug. 24.1
The sharp rise in wheat on the Chicago
board OF trade has attracted the attention of
the officials of the bureau of statistics of the
treasury, and the opinion is maintained very
generally that the advance is much more than
the situation warrants, taking into considera-
tion the surplus of last year, the crop of this
year in the United States, and the harvest pros
poets abroad. gentleman connected with
the bureau furnished to-day an advance state
ment to show that If the rise is not clearly
artificial it is at least very much increased by
artificial means. The advance sheet showing
the export for July shows the fact that the
foreign demand is falling off when compared
with the corresponding period of last year,
which must tend to retard the movement
of the old wheat and add something more
to the stock on hand when new
crop comes on. This surping
from last year amounts to about 50,OOO,-
600 bushels, according to the best estimate
made. How slowly this is going out may
be seen from the fact that in June, 1881.
but 1O,284, ,2S6 bushels were exported,
against 13, 787, 1868 bushels for June, 1880.
The exports for the fiscal year ending
June 30, 1881, amounted to 15O,575, SIT
bushels of wheat, while for the fiscal year
ending June 80, 1880, the export was
153, ,252, ,795, decrease of 2,677, ,21S bush
els, caused either by the high price at
which it was held, high freights, or per-
haps also not quite so great demand
abroad. To offset this there was slight
in ha VT
that went up, it is said, in sympathy
with wheat, shows larger loss, the
export for June, 1881, being s,947, ,s61,
and for June, 1880, Is, ,l59, 1878 bushels.
For the fiscal year ending June 80, 1881,
the export of this staple amounted to
81, ,9O8,176 bushels, compared with 9s,-
169,877 bushels for the fiscal year of
lS79-'SO. AS indicated above, the July
statement shows continuance of the
same course of the trade as in June. The
total export for July, 1881, was 9,172, $50
bushels of wheat and 10,6S7 ,2O7 bushels
of corn, compared with 7,745 ,472 BUSH
els of wheat and 1864, ,274 bushels of
corn for the corresponding month of last
year. For this month there was no gain
in the flour export to offset the loss in
grain, there being but 543, AS barrels of
wheat flour exported during July,
1881, compared with 623, 734 for the same
period last year. The Indian corn-meal
trade renamed about stationary, there
being exported in July, 1881; Al, ,5S1 bar
rels, against 42,277 barrels in
July, 1880. The only increase in
any cereal was in rye, the export going up
from 6, ,243 bushels in July, 1880, to So. .O4O
bushels last month. In oats there was a
falling off from 8O,89O bushels in July.
1880, to So, ,049 bushels last month. Taking
all the cereels and breadstuffs combined.
Tor July, 1880, and the value of the ex-
port was s3l ,299,677, while for July,
1881, it was but $19,991, 1872. For the
seven months ended July 81, 1880, the
value OF these exports was $153, ,6S7, 1862,
which for the corresponding period
of 1881, fell to $l31, 1852, 700. Re-
cent reports show that there was
surplus from the old crop of
30,000,0O0 on the Pacific coast alone, and
10, 100000 bushels in Ohio, and these and
other heavy stocks cannot have been di-
minished much by the export trade, as is
shown by its sluggish condition from the
official figures given above. Another
pause of the case appears in the state
ment furnished to the agricultural de.
partment, which shows that the shortage
in wheat at least has been overestimated,
and it is but about es per cent. less than
last year in condition, while the increased
acreage largly counteracts the deficit. so
that the total yield IS not put below
800, 100000 to 4O0,O0O.OOO bushels,
which will leave a balance for
export of I15,0OO,OO0 to 125, ,OOO, 900
bushels, allowing 275, 900, 900 bushels for
home consumption, which is the estimate
made officially as ample for the purpose.
Now, add to this 120, 100000 bushels, say.
as an average between the two estimates
OF the surplus of the new crop, the 50,-
600, 900 bushels of old wheat yet in sight,
and it will be seen that the United States
will have about as much to export for the
current fiscal year as for the one just
closed, when it amounted to $50, 10000
bushels nearly, besides 7,945, ,7S6 barrels
of flour, the combined value of which
was 1912, 745, ,742, as shown by the bu-
reau of statistics.
Another element enters here. From
the latest consular reports received at the
State department, it appears that England
will have but little below an average
crop, but in Germany the crop is fair,
and in France the threatened failure has
been vastly overestimated. To these
crops, not much less than the average,
add for European markets an exception
ally large crop in Russia, where it is now
believed there will be 10000, 900 bushels
to export, and it is argued that the for
eign demand will be vastly
diminished as compared with the past
fiscal year; that the decrease from this
cause in the purchase of American wheat
will be proportionately larger than our
own loss in production.
Taking all these things into consider
ton, officials conclude that the late "bulP'
market in Chicago is largely speculative,
and not warranted by the condition of the
crops and the reasonable relation of de-
mand and supply for the ensuing year.
SINGULAR MARRIAGE.
A Zulu Takes to Himself an italian Wife,