Port Tobacco times, and Charles County advertiser., 1885-06-26
In hi, liIllr bark be did glide
Saiftiy over the 81 cot tide
The Present outlook for Wheat
COMMISSION HOUSE OF

The latest official report of the Agricultural
Department estimates ting yield OF tue new crop
J6J.Uo,0U1 but The \OrtiIt IA. tern MiIitrs AsSO
ciatiou reI ls.Ird several days after the Gov
ernments, estimates the new crop at 81 JOB, ,plD
bushels, that ie AT 5J,UJU,U0 bushels less.
our yearly hUme consuInptIO iur the past I've
years ia averaged S}0.Un,lsJ bushels. II the
n. W Miller report il correct We will nav. & ON
tue new crop Just sufficient wheat 10 supply our
iiuiIe want II tho Governments Ii correct We
will have a surplus Of 3p.UD,UyO. Of tile TWO
ports We consiaer the latter the most reliable.
Our average exports tor each of the past i've
wears have amounted Il 10 itl 100 $50 bushels and
this year, that Is for the eleven months up to
June lst 1885, according To the latest statistics
there has been nearly l2},UtJ tu0 bush. ported.
Accepting the Government report would
have from the new crop over and above our
want. a surplus OF sD,GU OOU bushels only to b,.
taken for ex port. This OF course would he very
small but We have In addition To II, a> "A further
surplus, the immense stock at present ali over
way towards making mp the deficiency III the
n, CROP The largest estimate we have seen of
old " heat to be carried over is l9o,DJ0OU bushe Is
and this taken with the surplus OF the new crop
would give us l3D,UW,U0 bushels for export the
coming crop year, or somewhere near what our
exports will amount to for the official year end
ing July |, 1855.
| From TINS 1t is evident that with lOO0 900. .001
bushels OF old and 3JUyJ,pp OF new, total sur
| rs much The coming as we will have done the
year then ended and as We only count the sur
plus for export We will have the same quantity
| To eat-that Is for home consumption.
The result then il We carried over 10000. .0B
bushels would be that our supply would be near
Iy ad, quate to our wants-ti,,t is for home con-
SUMPTION aud exports. lf however the wheat
| carried over amounts TO much less than 10000
900 bushels, take as q minimum figure 15,DDJ, 900
our exports would then have to decrease 25,DO0.-
0DU less than this year and 4000JUDJ bushels less
| than the average for the five preceding years.
The export demand can hardly decrease with
bad crop prospects in Europe and consequently
| If wheat continues low, IN all probability the
same and perhaps little more may be exported
| in which case we will have very small stocks 10y
| the end of the next winter.
| For the near future the present large stocks o
| wheat all over the country to be soon increased
! by receipts of the new crop will tend to kee[
prices from advancing very much.
| Considering all We have said, unless some new
injury be done to the growing crop prices will
either continue low for the present and advance
all the higher by the end Oi the coming winter
or they lazy improve some soon, advancing
gradually but not reaching rs high poir It la tel
an as they would if they continued low for some
! time yet q. ID. BUDDICKE.
| Only Snch rlnihiup 1 hat ia E., sho hla II