Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1881-08-19

By the foreign demand, as there Ii little
doubt that the exportable surplus OF
last years crop now on hand and OF the
new crop will be sufficient to meet any
drafts that may be made upon US,
though the balance remaining will be
very small. The unsold balance OF last
years crop islsrge in many States, how
large there is no means OF stating with
any approach to precision. But 1t IS
within bounds, according to present in
dications, to estimate our surplus Tor
export from the old and the
new crops at 100000 bushels.
This is 100000 bushels below
our actual exports for the year ending
June so, and below even the figures OF
1879. II has been pointed out in dis
cussing the effect Of this shortage upon
the railroads that California and Oregon
viii contribute an unusually large pro-
portion OF the ar'sexportsble surplus.
The two States together will be able to
spare, it is estimated, total OF 66,OOO,'
600 bushels, more than twice their ac-
tual shipments OF last year. II TINS Is
deducted from the total estimated sur
plus Of 100, OOO, 900, there remains but
GA COO, 900 for transportation on the rail-
and water routes from the West 10 De
shipped from Atlantic ports. falling Oh
OF nearly 100000. 900 bushels. But TINS
calculation is conditioned upon tSo
many vague suggestions andinferences
to be of any great value.
Early expectations OF unusually large
wheat crops in England and France
have been considerably modified by the
latest reports of the condition OF the
ripening grain and the progress OF the
harvest. OF the Agricultural Gdselte's re-
ports, 81 per cent show an average YIELD,
Al per cent. yield below the average,
and per cent. yield above the aver
age. This is too indefinite to serve as
the basis OF any statement in figures OF
Epgland's probable demand upon for
eign wheat stores, but it indicates that
the crop as a whole will fall below the
average. That this is the anticipation OF
English dealers is shown by the
recent rise OF two or three shill-
iugs per quarter in the market
quotations. France has ceased to ex-
pect even an average crop. though the
deficiency will be small. The prospects
of the crop in Germany has considera.
bly improved OF late. The wheat dis
tricts of Russia have been favored with
flee weather this season, and as a conse'
quence will have not less than 80, 900. OOO
bushels Tor export. When the surplus
obtsinable from Russia and other coun'
tries, exclusive OF the United States, Is
added to the excess OF the English,
French and German crops over last
year, we have the nearest attainabIt
1 aDpTOAlIildltOu W
will be demanded from us. We are forced
still to deal with possibilities, but from
an examination OF all obtainable data II
appears that this demand is likely to
show a decrease from last years figures
corresponding pretty accurately with
the falling off in our exportable surplus.
That is, Europe will call on US for some
60, OOO, coo bushels less than she took
last year. This demand will absorb
nearly all our available surplus, and
would far exceed it but for the old
stock on hand. The recent sharp ad-
vance in wheat to sl.3S per bushel,
which is % cents higher than the aver
age Of the last ten years, is not wholly
speculative, and may be taken as an in
d;eation of the widespread conviction
that the demand for home use and for
eign export during the year will practi'
cally exhaust OIL store.