The Memphis appeal. [volume] (Memphis, Tenn.) 1886-1890, 1888-08-31
BEARS BOOSTING WHEAT.
STARTLING NEWS FROM LONDON
ABOUT Tue SHORTAGE.
While the Figures Gwen May BIO Ex-
aggerated ana Tor Certain Purpose
Wheat WIN Surely 90 Up a Few
"Lines."

bNo'
Wheat win Surely 90 Up a Few
"Lines."
New YoRE, Aug. ga Times Londor
special says: 1t now seems to be a fact tina
the old world needs from 100000 :,
$4,000, 900 bushels oil wheat more than the
harves,s OF the year will produce. To pu
1t in another way, the countries which
always have to buy wheat must this yeal
buy some 100000 bushels, while tho
countries raising more than they consume
viii have about 205, 100000 to sell. The
annual International grain market, held in
Vienna on Monday, gave estimates Of the
yield OF the world which varied only in a
few particulars from those already given,
the chief differences being in unimportant
countries, On the other hand, the real
state OF the French harvest seems much
worse than reported at Vienna, and the
same is even more obviously true OF Eng
land. Yesterdays terrific storm OF wind
and rain ended whatever chance remained
OF decent crops in Great Britain, and the
English must now import ut least l70. 900, =
600 bushels.
France, which, next TO the United
States, is the greatest wheat producer in
the world, has one of the worst crops ever
reaped. A week ago it was estimated that
she would need to import 5000, 900 BUSH
els. Now, since the fresh storm and the
discovery by the first dressings Of the
bad quality OF the grain, The shortage is
put at SO,0OO,00O by the Merc,Hidie Dcs
Hdbcs aud ut 06,0OJ,OOO by Bollack. Sa-
rassin X Go. What makes the matter
worse Is that little, II any, Of this can be
made good by Algicrs, whrc the grass
hOppers have dccimatcd the crop.
Germany, Italy and the Netherlands
must buy more wheat than usual this year
OF the great exporting countries. We un-
derstand that the United States and Cam
ala can be counted on TO supply about
lOSODO,OOO bushels; Russia, 1900, 900,
aud India $1,000, 900, hut in these latter
countries there IL much more uncertainty
than IN tho former. From Russia, for in
stance, there are all sorts Of reports. lat
tcrly quite unfavorablc, and from India il
is even moro difficult % get the truth. But
trained experts here believe the above fig
urcs to bo tolerably correct. In any case,
u these crops turn out larger than here cs-
imatcd, the daily increasing evidence OF
bad quality and light weight Of crops in
Western Europe will quito balance the
gain.
With such huge deficit rs this in the
worlds market, equal 10 the entire wheat
crop in a good year OF such country AZ
Germany, II is cyident that somebody must
cut down the consumption Of bread and
that there Will bc fierce competition for the
possession OF the grain markets on the
continent which have been showing an
almost steady rise Tor the last ten DAYS,
with few fluctuations resultant upon de-
clincs In America. Ash rule, prices have
been higher and advances sharper In Paris
than elsewhere, but yesterday London aud
some English provincial markets dislanccd
any other spuris OF the season hy sud.
den advance OF from q 20 cents per bushel
upon last weeks prices for foreign wheat.
This panic was palpably due To the drcnch-
ing rain and heavy wind storm, rs in places
whore the rain was not violent prices
showed less change.
The wheat market In England is siill n
curiously pnrochial hfIdr, dependent upon
all sorts Oi local conditions and influences.
Liverpool generally follows New York and
san Francisco, but London Is more CON
Cumcd In the Ealtic trade. and not 10
easily moved hy American quotations. and
provincial markets, like Leeds, Rochester
and Ncwcastlc-on-Tync, think most OF the
local crops and demand. Hence prices
Tor The past week have been much affected
10y capriCiuus wcLthOr-a bright day
frightening buyers, heavy rain stitching
scllur-; but yesterdays storm has 40
knocked out what remained oi the En-
giish crop that this can no longer hc the
case. Already We catch glimpse of what
thc wheat shortage means hy the discovery
that bread has gone NJ pynny0n quarter
Loaf IN many parts OF London since Mon.
DAY.
Tho northern work-houso authorities
have their hands full with an army of
Irish labOrcr, accustomed 10 come 10
England iOr the harvest This wear they
find no work for them 90 do, and the
laborcn have no means with which 10 get
home.
What adds to the sinister aspect Of the
outlook IN the sal failure OF the Iotato
crop la many parts Ut England and all
along the west coast Of lulnnd. This
alone would have made lad winter here:
combined with dear bread, it is gloomy
enough outlook.
one ol the iirsl results 81 the shortage
will be- q vigorous demand In France ior
a remission Of the import duly ON wheat
on the part Ol big towns, and n strenuous
resistance 10y thc wheat raising districts.
Whrru the farmers fcr NJ reason why the
iufill should not enable them 10 profit by
thu distress II their brethren in the towns.
Tho IuHo also prints many columns Of
crop wpurt. from al parts ol the United
States. la au editorial summary ni them
u says Judging from our special M.
ports from the wheat producing States
published this morning. the United States
will not hn IN u position 10 furnish very
much Ol the 1O.W1.OOO uf 5000. unl bush.
els Ut wheat which, according 10 our Lon.
don correspondent, will bc required 10
meet the deficiency caused by poor crofs
in the old world. Tho weather las BEEN
uulayumblc here, ~ IN Europe, To largo
harNcsis Of the principal food cereal. but.
rg ilf o. can 10 learned, We shall have ann
Pie wheat Tor home consumption. with
possibly some, Il not great deal, 10 spare
10 supply q portion OF The demand across
the ocean. lndihianl Wisconsin np.
par to be- the oplY.slatos IN which the
yield b above the ayctgc aud can h. con.
hidrfrd really gn,at ono, Ia Ohio the
crop ~ wpuriod ~ ~ not over 90 por
cent Of the average nui Of inferior
quality. in lllinoiatl'e quality IA not high.
though the quality harvested Is sa,islnc.
tory, and la kanse . luss ui fully one.
thirl has hycn sustained u.s. lho negligence
OF tie farmers In f'rc,criing What promised