St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1892-05-23

does not receive the full benefit which
the worlds demand should bring 10
him, in better prices for his products"
But this declaration is coupled with the
candid admission that the writer is I'M
able to ascertain or explain what thai
"malign influence" is which "keeps the
American market for wheat at figure
very considerably lower than 1t ought
10 be under normal conditions"
think can indicate what great por-
ton of that "malign influence" is.
Our Farmers Formidable Rival.
1t is surprising 10 me that so many in
the discussion of the causes which nave
produced the low price of wheat, and
| might here add Gotten, should over
look our farmers creates rival. l refer
to the ASiatic countries, and especially
India. Little have our farmers ana
people stndied and investigated this
branch of the subject; for if they had,
and realized how fearfully they have
been injured in this way by the de
monetization of silver, the demand for
a return to free coinage" would have
been such that on the vote taken re-
Gently in congress, there would have
been comparatively few votes against.
l boldly repeat here. that 1.-THE demonet-
ization of silver has robbed onr farmers
and producers CT thousands of millions
of dollars" and will proceed to show II.
BY the official report OF the statlstlclan
of our agricultural department Tor last
month, l find that the total wheat crop
of the United States for 1891 was 6ll,-
$50. 600 bushels, and that it is estimated
that for our population of 64,5OO,0OO IL
will require 30l, 100000 for home con-
sumption. and 56,000,0OO BUSHELS for
seed, which would leave 254, 1S0, 900
bushels for export to foreign lands. III
is also stated in this report that there
was in farmers hands. on the first or
last month, III, 900, 900 buShelS,a against
I12, OO0, 600 on March l, 1891.
The last years production OF ASA
was 800, 1O7, O07 bushels, of which India
produced 30. 434, 667. l have no reliable
estimate OF the proportion of this crop
that will be required in India for nome
consumption, but the following extract
will show the character of the cOmpetl-
ton which our farmers have had to
meet from there since our last harvest.
On the 9th of December last its New
York correspondent wrote to the Gro
GERS Criterion" OF Chicago, of Dec. rs,
as follows:
THE wheat market is in kind Of guam
dairy. and the large amount OF wheat when
is being shipped from India has certainly
knocked the calculations of the statslclans
into a cooked hat Already India has shipped
about 100000 bushels of wheat, which is
really more wheat than was expected she
would ship for the entire year. The stocks
are accommodating almost everywhere, ana the
London Corn Trade estimates that nearly
1900, 600 bushels were shipped TO Europe last
week"
Again on the 18th of January "a month
later the same correspondent wrote to
the same paper (Of Jan. 25) as follows:
THE surprise of the cereal market was the
announcement that the exports OF wheat
from India last week aggregated ], 100000
bushels. as against $4,000 bushels for the
previous week The way in which India is
shipping wheat to Europe is really astound-
ing, and knocks into cooked hat all pre-
vlous calculations"
In your issue of the 29th of last March,
under the head, "a Crash in Wheat" /
find in your wheat market reports the
following:
Chicago. March 2S.-Today broke the record
this year for low prices in the wheat pit. The
figures for May, the ruling option crashed
down to roc. A year ago this time bushel
for the same delivery was several cents above
a dollar The India shipments
last week were reported at 10000 bushels,
against 561, 600 bushels the week previous.
and all foreign markets were said to be on the
down grade. For a time it seemed to De
neck-and-neck race to see who could get rid
of the most wheat.
And quote, later still. from the New
York Journal Of Commerce of the Goth
of last month, the following:
shipments of wheat from India last week
were 10000 quarters to the United Kingdom,
and SIS 900 quarters to the continent. Imports
of wheat into Liverpool last week were $500
quarters from Atlantic ports, 5000 quarters
from Pacific ports and 10000 quarters from
other ports" "a quarter is equivalent to
eight bushels.
This shows that last month India ex-
ported three times as much wheat as
did the United States.
| will now call witness direct from
India. have before me a number of
copies of the Bombay "Times, of
India, " and in the issue of Jan. 2, 1892,
l find lengthy review of the affairs
| and business of India for the preceding
year; and from that portion relating to
the wheat trade of 1891, it will be seen
that it has been as active a rival and
competitor of our farmers as it has been
| the present year. | quote the follow
| ing:
1.-THE resources of our port were taxed to
| their utmost to carry out the export of the
immense supplies of wheat which poured
into Bombay during the past year. The total
|
| to III 600 tons AS we have stated
! in the money paragraph, the value of wheat
exported during the seven months, April to
| October, exceeded that of last year by over
six crops OF rupees. The demand appeared 10
create the supply caused in the first instance
by bad accounts of the French crop espec-
| tally. but also that Of the surrounding coun-
| try to some extent; and later on the threat
| ened famine in Russia, which has since be-
! come stern reality. The prospects
| 81 or
and the area sown is stated to be much in ex-
cess of that of past years.
That shows that India exported a
great deal more IN 1891 than it did in
| 1890. / have already shown how vigor-
Gus has been its competition in 1892.
with the crops of 1891. More than this,
they have a still greater area sown for
1895; which crop is now beginning to be
| harvested.
Beerbohm, the recognized authority
in England. upon such matters. in his
"Corn Trade List" for January last, in
reviewing the grain market for 1891.
stated, among other things, as follows
| THE reports of wheat and flour into the
| United Kingdom. have been the largest on
record, viz 20 100000 quarters; the previous
record year was 1893 with 10000, 900 quarters.
| India has exported a larger quantity than
! ever before, viz. $500, 600 quarters, against
| 3,250.O90 in 1890.
This remember, refers only to the
wheat which India sent toGreat Britain,
and does not include what it sent to the
other countries Of Europe.
A Rival Also in Cotton.
Back in the sixties, the production OF
cotton. outside of this country. was an
experiment, and it was asserted by oul
citizens. ana conceded. that "cettor
was king" but it is not SO now. AS
with the production of wheat. ouI
Southern cotton raiser finds himself con.
frOnted, in the markets of the world
with as destructive a competition as
our wheat growers.
The agricultural department gives
the number of bales. of 500 pounds each,
of cotton produced in the countries
named for several years, from which
quote the following:
Brazil $4,000 2S 9I .76t
| Egypt. 5O0.O0O 757, As;
| India 1,96a 600 2404, 20:
United States. 62s, 900 s,632. 0S;
| 900 GOO 10 0S5 ~