Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1888-11-29

Product, Weight and Prices OF Wheat. !
No product Of the farm Is tie subject Of
20 much speculation. 10 product Is so impor- I
tant factor in the financial operations ami
transactions Of the great money centres of
the country and tbs world, wheat OF
the cereals. corn comes asxr 20 il in impor-
lance and Of the other farm products bee:
ranks neEt- Upon the price, and transactions I
Of wheat .Hpendoas fortunes are made 4nc
men are financially crushed and annihilated +
ia the vortex Of the stock board. The pas,
history Of thi. great bread yielding product;
the changes in rice have been RAPID and
have reached surprisingly high ranges, while .
the detail. Of the wheat cyclone, Of the
be referred to to shos the truth Of the Asser
glon that 20 remarkable a year IN wheat
transactions has not occurred for at least 81
years. When the importance of the Shsat
crop = consldered It gill at once be seen
now valuable i. every impartial and eompe
tent estimate Of the eorid. product Of this
cereal
The ieicit oi the wheat crop in the great
countries Of the world for ls-s, based upon
the report. Of the International Grain Con-
gree. VI Austria is placed Al lt5 800 80
bushels. This seems an enormous amount
bat the estimate. are regarded a. very com
=. go Frzffr ian
ia all countries This deficit IS due chiefly
10 bal haryests in the great wheat import
ing eountrie. The wheat acreage IN Great
Britain was somew hal larger the past spring
than IN the years Immediately preceding
but the yield vas unsatisfact0ry owing To an
ui.fayorable year. France, which. next to
the L nited States, is the greatest wheat pro
dncing country in the ~orld harvested this
wear only so per cent Of the ordinary harvest
IN 1856 France imported about twenty mil
lion bushels Of wheat and il has been e-ti-
mated that II would require seventy-hFe mil
lion bushels to satisfy its demands this year.
ialy. Germany, Austria and Hungary have
about the same conditions to report
for this year--a shrinkage in yield
and large demands upon imported wheat
On the other hand Russia viii be able this
yea 10 export over "'oe'' '''''''i u ou'''''''
as against 'ue Hi'y minimum pm 'e' !" 1900
ana l'''A' ""lon MAJ i''i9 gun "a'
thus year. will export about the same in
1857. The United States this year is not in
81 dot -,
condition 10 make gooH 'he wheat denc' IN
Europe Out "h''e We are aole 10 SEND
abroad As We nave oeeh doihs Tor the past
OF wheat or us equi'aleht IN hour' II Is not
100 mueh 10 say perhaps that 50 Tonga the
larger part oil the surplus wheat production
OF ule countries OF lhe WORM 10 grown IN
the Ih'ted states our own farmers nave the
power OF raising the price OF the wheat oil
the "oril ny reducing the wheat area III al
one year lhey nave also the power ana
theY nave otten exercised 1t Freely OF de-
pressing prices III the great wheat mar
Aets OF the world mus reducing their own IN
comes y charging uhduiy the wheat average
In estimating the value OF wheat TWO FAC
Tors are considered quantity ana q"Aii'y'
weight is the easiest ana most pracucapie
test oil quaii'y' ana may De 'Aiied CONNER
ciA' test although piuinpne''' color ana
cleanliness are also elements OF value mus
wheat IS divided INTO cranes representing
fuality' mere Is IN almost ever! year
great difference IN the weight OF wheat oil
Inherent 'arieue'' IN dlneteht sections Oh
the country grown on diherent SOILS ana uh'
der diverse cultivation ms variation IS
greater han person not used . hahu'ihs
wheat would think aud ranges from % to
"9 pounds as u RUE. ne rear average
weight oil wheat grown IN the United States
IN an exact hve years record j. is exactly
5'9 lbs per measured Winchester bushel'
TINS Is not the weight OF nigh grade COM
merc'al wheat, but grain OF all grades and
conditions, The Winchester bushel' which
is the unit OF measure OF wheat IN the
I rttF tal tut II mr. lxna