The Hope pioneer. [volume] (Hope, N.D.) 1882-1964, 1884-08-01
The Wheat Crop,

The following is taken from the Fargo Argus:
The weekly review Of the wheat market and
yield in Bradstreet's is very interesting feat
ure, and the article of last Saturday presents
come encouraging features to tho American
wheat grower. The statistician of the Now
York Produce Exchange places the average
yield Of this country at 6S,3S0,OOO bushels,
against SOC, ,0OO, 900 last year. This is divided
as follows: The twenty-four winter wheat
states and territories, $50, 6S0,000 bushels, as
compared with 294, ,494, 800 bushels in the pre-
ceding year: with 391, ,659,350 in the year be-
fore, and with 2SS, ,O24, $50 bushels in the crop
year ending in 1851. The eleven spring wheat
states, WISCONSIN, Minnesota, Iowa, Nebras-
ka, Dakota and New EngIand) are credited
with 1877, 100000 bushels, as compared with
125, ,7O9, 900 bushels in the preceding crop year,
with 112, 1926, 129 in the previous year; and with
95,255, 260 bushels in the crop year ending in
1881. July l, 1888, the surplus in hand in this
country, including visible supply, invisible
stocks, and the wheat held by mills as flour,
amounted to 6O,O0O,OOO. The visible supply Of
wheat July 2S, 1884, amounted to 14,222, ,258,
and from the amount used and shipped, this
gives an invisible supply Of 27,0O0, 900 bushels
in farmers and millers' hands. These two
sources indicate 40, 0OO, 900 bushels Of wheat in
this country July l, 1884, against 6O,OOO0OO
last year.
The total yield of Europe is put at l., 10, ,OOO,-
900, which is little over the average, but some
Of the later advices are not as favorable for
the crops there, and consequently better for the
wheat growers Of America Stocks Of grain
are little over the usual amount carried over.
The Journal says: The outlook from India is
for smaller exportable suplus than during
the past crop year, and in Austria and in Rou-
mania there has been some damage done the
wheat crop. From Russia the advices are var
liable. In the south there will evidently be less
wheat for export than has been expected.
The closing paragraph OF the Bradstreet ar
ticle is one containing considerable encourage
ment for every one in this country, as the
writer thereof is one of the closest students Of
this, one of the most difficult questions of the
age:
1t is noted that the United States carries over
tliirty-three per cent less in stocks Of wheat
and flour than one year ago, which may go
some way in offsetting the British and CONT
mental stocks Of more than normal size. Prices
for year past have been exceptionally low
and the stocks unusually small in proportion
to the population. The present is the ''be-
tween seasons" when it is difficult to form a
correct view Of the course Of the market of the
future. The stagnation in the ocean freights
market has caused the laying up Of considera-
BILE tonnage. The crop here will be full one,
but it is matter Of exceeding doubt if the aycr-
age in Europe is to be exceeded. 1t is proba-
bic, then, that brisk movement at better
prices, in view Of relatively low stocks carried
over in the United States, may characterize our
autumn's foreign trade in breadstuffs.