The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1891-08-13
WILL RESTRICT EXPORTS.

has not yet contemplated a OecFee IOIdAAy
prohibiting the export of grain from
Russia. but the partial failure of the crops
demands that provision be made for the
people living in the distressed provinces,
and consequently the export of grain from
| these provinces will be restricted by the
authorities.
The grave situation created by the fail
ure of the crops is causing the greatest ap-
prehension in all circles. The Grashdanln
declares that the local administrations
will be unable to make provision Tor the
| inhabitants of the depressed provinces oy
drawing upon the surplus OF otner
provinces if spectators are allowed TO ex-
| port corn, or if the artificial rise IN the
| price of corn is not corrected. The paper
| demands that the governmentimmedia
| place a heavy export duty on cereals.
The Financial Messenger declares that
| it will be almost impossible for Russia tc
export corn this year.
To the Editor OF the Eagle.
The foregoing shows very clearly the
grave situation existing IL Europe as TO
the food supply for the present and an
| indefinite period in the future. The
manufactured foreign reports of harvests
better than expected the continental
market being ''over5old" and the absurd
estimates of our own productions at
from $50, 900, 900 to 100000, 900 bushels,
are all in the bear interest and with the
view singly and only to hold down the
market.
The naked truth is as G. Wood Davis
has shown, that Europe, nay, the world
itself, stands today face to face with
| impending famine on scale such as has
never before threatened the human race.
There is famine and revolution now IN
! China. famine in India, famine In Russia
and famine threatened In Mexico and In
North Africa.
There is not grain enough In the world
to feed the bread eating people OF the
world by more than SOC, 000,0O0 bushels.
This result which was approaching with
| the irresistible tread of fate, for the
simple reason that she increase OF popu-
| lation had overtaken and passed the
possible rate of grain production, has
been precipitated by the widespread
failure or falling below the average of
the crop of one season.
The situation is appalling. 1t was
| foreshadowed as early as last
January in Europe when the
unprecedented cold and deep SHOWS
of last winter foretold disaster to the
winter grains on which so much de
and still believe, has been the persistent
draining of gold from the United States
| by European financlers, a fact over
which our own financiers have valnly
puzzled their brains for a reason. Fore
seeing the present situation, European
financiers have proposed, SO far as 1t lay
in their power, to neutralize Its enects
| by offsetting the shortage OF gram In
| Europe by forcing a shortage OF money
| in America, the only source OF supply
| They have accomplished their purpose
thus far to the extent that, whereas
under right conditions as to money,
wheat would now sell at from 81 to SID
per bushel it does sell under existing
conditions for price lowering in the
vicinity of IS cents at points OF pro-
! duction.
! 1t is a remarkable circumstance to note
| in this connection the fact that the
wishes of European buyers for low prices
are seconded all along the line by ex-
porters, Boards of Trade, grain handlers
and sellers of wind grain in this country.
The entire array are hostile to higher
prices, and by means of cooked cables
| from abroad and wild estimates OF mar
velous productions at home, by sales OF
uncounted millions of bushels OF WIND
wheat, which never was harvested and
never will be, they hope to hold down
the price of the real article These gentry
want the crop to move-to move at least
out of the hands Of the producer-atter
that the deluge, but not before; foT IL the
farmers hold their grain ana the
prices advance as they must
there will be the grandeSC "lpih9
out of clears" that ever was known.
Mark the course of the grain markets Ioi
months past, intensified more ana more
as the situation has developed. ForelSIl
BUYERS have sold futures short throuSn
their agents in the grain centers Oh 'hiS
country and at the same time bought an
the cash grain offered until the unprece'
dented receipts in our markets the eA'
ports have kept even pace with them to
| the extent of a million bushels per day al
the single port of New York. In other
words these foreign buyers first manu-
featured low prices by selling vino
wheat and then bought the grain which
they wanted at the value they had them
selves forced. Is it not time our people
understood this process and take
measures to compel these manlpulatorE
to paw what our grain is worth?
Seriously. it behooves our people, II
face of the widespread disaster thai
seems to be impending, to look well tC
both the present and future and make
haste slowly in giving up the generous
surplus they now have, lest another veal
NAV find us also among the many who
have not wherewithal to feed theil
hungry. S. f. JOCELYN.