The Jasper weekly courier. [volume] (Jasper, Ind.) 1858-1922, 1883-07-20

IN view of the forthcoming report 81
the Department OF Agriculture on fht
prospects Of the grain crop, leading pro
dncc commission merchants In New
York are freely discussing the subject
Mr.. Thomas a. Mcintyre. Of the tlrm o
Mcintyre " Wardwcll. Secretary Of tbt
Produce Exchange. said;
"Ihe prospects In Europe have maferi.
Tally improved during the last two ~
three weeks. and il is now estimated
that they will have from 60 10 10 PEI
cent. Of q crop. ID this country we have
| had more favorable weather ior he pasI
TWO week, and Il Il believed that tIe
prospects for winter wheat have i'm
Iproved about 10 per cent. We fvnrf
the yield at about 80 per cent. Of q crop
Spring wheat i doing finely. and full
yield is looked for. The surplus from
the last crop Il variously estimated Al
from 20 to 30 per cent, which, added %
the percentage OF this years crop, will
give ! full yield. The outlook for the
fall Is moderate prices and good ex.
Iport trade. Europe must import largely
even on . full crop, and the low prices
which, on account OF our large surplus
must necessarily rule, will put us on q
good competing basis with India.
Mr.. p. a. Lindley, Vice. President oI
the New York Produce Exchange, said
that the prospects in Europe are very
flatfering for wheat. The weather has
been propitious. The outlook promises
q considerable increase over last wears
|crop. A. 10 this country, We shall see
/ large crops for corn. oats, eprinx wheat
land hay, but in winter wheat my i'm
lpression IL that we shall have, taking
Into account the present reserve, a. large
crop as we had last year. The visible
supply Of winter and spring wheat 81
present Is about 10000 600 bushels, as
against about 10000 900 ct this time last
|year. We shall SEQ lower prices for
everything, this opinion being based on
the fact that present prices are above
those q which exports can be freely
made. If this prediction Il fulfilled Z
iair export trade may Be expected this
member or the firm Of David Dows
& Co., says that the prospecte for wheat
| IN Europe are fair and the stocks III
hand there are excessively large.
The crop IN lhis country, taken as q
whole,' he says, promises well at pres.
|ent- The estimated increase or acreage
| IN spring wheat is 100000 acres. and
with The exception OF few points Ia the
Northwest. tho prospects In regard 70
spring wheat are fully UP TO the average
The reports of the winter wheat ere con-
| fIicting. Ohio, Indiana and Illinois will
be the three States that will show the
largest deficiency In tho yield OF winter
wheat. We will enter on the new crop
with surplus or about 6000O. 900 bnsh.
els, which will in large measure Offset
L any shortage which may appear IN The
new crop on . basis or prices that will
Be likely 10 attract : good export de-
mand. With moderate prices ruling.
England would buy our wheat IL prefer
encc 70 that Of India or Russia
Mr.. Thomas y. Hustled, or the firm ol
Hustled 3 Hazeltinc. successors 70 the late
firm Of Jesse Hoyt q Co., said:
"Thcro will be large shortage n Eu.
rope owing 20 the fact that the farmers
/ in the western part OF that continent
were unable 70 complete their sowing
last fall. The crop ia this country. also
will be very poor, probably 100000. .OO(
| 70 125, 600 600 bushels short on last year,
Az 70 the surplus from last crop there
are 20000,0o0 bushels in sight; ali bc.
yond that % On unknown quantity.
England will Be brisk buyer from u
next fall q fair prices, and We will have
sufficient wheat 20 supply her demand.
over and above what we need for home
consumption