The Stark County Democrat. [volume] (Canton, Ohio) 1833-1912, 1885-08-27
THE STOCKS AND CROPS.
THE PRESENT VERY ISOLATED CON.
plTloN OF THE MARKET.
0ianolng Over the Fisida of sprIug Wheat
Only slight Losses Heported--EIpor
wheat-why tho Market Must
Remain Low--FOralgn FioldA


Those bOardroom traders who had chance
TO catch on 10 its movement at an early
stage have made money, and are now watch
Ing for an opportunity 10 turn the other
way and make money on tho down track,
That seeming movement must soon aet In
seems 10 DO unavoidable, and the rush down
win probably recedo In al fast time az did
tho rush up,
For the general public who are not In tho
stock market the recent drop OF tho sum OF
ton cents bushel In whoa. must DO OF much
greater interest than all tho fluctuations In
stocks The ono Ia q national, tho other N d
gambling interest Tho department Of agri-
culture has just published its report for
August, and aa only very fow copies have 30
far reached Now York, II isnot out OF place
TO give here tho leading faots recorded in
the report
II appears that tho moist and hot weather
following the 10Th Of July has caused some
damage TO spring wheat In the northwest
mainly In Wisconsin and Minnesota. The
effects OF this influence arO variously ro-
| ported, some counties returning from 100
down 10 05, In few cases down 10 o., and
IN ono county Of Minnesota down 10 A., Tho
reduction In prospective yiold Is greatest In
Minnesota, amounting 10 points, 10
amounts to D In Wisconsin, In Iowa and
In Dakota, Cons idorablo injury Is generally
reported from Wise onsln and Minnesota,
Some Of tho principal counties Of the former
state report high condition, but thoro IL
much diversity In tho returns, In Minnesota
similar diyoraity appears Storms, high
temperature and chlnck bugs are tho main
causes Of injury, While there has boon q
slight reduction In the average OF condition
In Iowa, II is still high, showing loss OF
only points, from 20 In July 10 o.
Tho returns from Nebraska arc very ia
vorable, ranging between 80 and ll5, Tho
general average is 10, Less than fourth OF
the reports show an average OF loss than
100 Yot thoro aro indications OF the lnJurl-
Gus oiroct OF hot weather, az In other spring
wheat statos, tonding 10 reduce tho Super
abundant yiold otherwise expected.
Fow Dakota returns indicate prospect
for less than full crop, On account OF hot
: weather, tho crop IL rlponing fast, A fOw
counties report rust ~ n result OF high tem.
poraturO aud moisture, In som3 counties
tho prospects are said 10 DO tho bost
for years Wintor whoat Ia harvested
throughout tho country, Tho results OF the
threshing may modify slightly tho figures Of
July report II Ia not probable that the 70.
suit will vary materially from tho recent
expectation, II Ia certain that quantity
nearly equal 10 tho usual exports OF whoa
and -four has boon lost 10 tho country by tho
severity OF the past winter, and II 10 very
probable that tho years surplus will not ok
oood 81, OOj, 900 10 "a, 0OO, 900 bushels ThOrO-
fore, tho smallest possible requirement for
foreign consumption must como mainly
from tho stock OF old wheat on hand, which
cannot possibly supply tho shipments OF
former years Of largest demands,
Tho report concludes, from those facts,
that "tho price must riso as soon rs tho pros
ont commercial stocks show signs of doplo.
ton, and that In tho rsO that appears lnOy-
itablO II IL desirable that tho producers
should g't 0n equitable aharon
ThIa h Very nicely put, but II Is all wrong,
There Ia not tho slightest cause for advance
for there IL no export demand aud advance
In railroad rates must prevent tho producer
from gcttIng any share OF tho benefit Of an
advance oven II thoro woro any,
A mumblr Of tho Now York produce OK
change, discussing tho question OF the OK
port domand Tor wintor wheat romarkodi
" don't 500 how tho yaluo Of our wIntor
whoHt Gun possibly advance whom our usual
relief by expectation at this timo ot year IL
perfectly contemplate, and IL likely 10 con.
tinuo no, Our export demand has boon In
former years almost exclusively for wintor
wheat. TAs year tho triaing orders 70.
colyod arc mostly for spring wheat My
friends on to other GldO writes 10 mo that
this preference for spring whoot Is due 10 TO.
ported dOm 10 10 our winter crop Thoy
arc afraid hat tho deliveries ON wiuOr
whout conf cts would bo moro risky than
usual, aud u Oy prefer 20 tako their chances
by shipping prlng wheat, II socms evident
10 mo that wo can find no relief from our
tremendous stock any whore except In do
mOstic consumption aud that no amount OF
arguing eau influence the low and steadily
lowering prices Of all nocossarics OF life,
regulated 5lowly by tho law Of supply aud
domahl,n
From tho fall In tho prlco OF wheat In tho
last tln days, oven tho most obstinate bulls
In VIII NJ must hDvo become convinced that,
whilo the supply is thoro tho demand Ia not,
and N uOt llkoly 10 como II tho ratios both
for raroud and ocean froighls arc going
10 bo ut up Stock epoculutoig try 10 por.
Suado everybody that tho salvation
OF hu country liOs In tho ad.
vance ot ratos TO oxtorlionato figures, but
they rgct that oyory cont that they charge
extra must como out Of tho pocket Of tho
farmer or Of tho homo consumer; for tho
foreigner viii certainly not poy tho addi-
tionnl charge whom bo can get just as good
whoat at cheaper prioo from India, Aus.
tralio or Russia
II Ia known that In all OF these great whoat
producin, countries tho crops have boon oA.
oollent, aud that even ON the continent OF
Europe, which does not produce Ull tho
brcadstuIls II needs, the crops are above tho
average There hns boon some report OF
drought IN Russia, but tho drought did little
damagc, for II was limited 10 only fow OF
the oldest provinces Of that immense empire
But since tho railroad system has been no
largely developed In tho dominions Of tho
cgar, thc most distant and comparatively
speaking young territories, which formerly
used their surplus wheat for hog feed aud
fuel, are all contributing 10 make up tho do.
noienciS which might have occurred In tho
provinces near tho great ports OF tho Baltic
and Black sous, aud about which alone tho
European groat merchants received moro or
lcas reliable information.
Another little incident unfavorabc 10 our
export trade In grain and produce In 10 DO
found In the negotiations between Germany
and Austria In regard 10 tho tariff upon ar.
ticlcs OF food imported from the latter couu.
try Into tho former The Austlo. hungarian
empire is, with tho exception of Russia, tho
most important producer Of hogs and cere.
ala II has at tho back OF II the fertile Dan.
ubian region, and with tho aid of la rail-
reads aud water communication with south.
ern Russia, can deliver articles Of food on
tho German frontier cheaper than Germany
can do H. either vim tho Baltic or by rail
across Poland. or course our Chicago