Fort Worth gazette. [volume] (Fort Worth, Tex.) 1891-1898, 1894-09-16

1 Of trade they are not only remarks
able. but are inexplicable In the alb
| sence OF other data. IL will be seen
that IN a total foreign trade OF Vs.
| e4s000.0O0 IN the four years the eN-
] ports exceeded the imports By $780,
! oo0, 600. Under a condition such as this
the assumption would be fair that the
balance" should be onset by the i'm
portation OF coin. But, upon eNamin-
Ing the table Of exports and Imports
Of coin, II IN found that In the total
movement or gold Of stss.OoO,Ooo the eS-
cess of exports Is 1851 100000 and In
the total silver movement Of S2ii,eel,-
000- the excess OF exports Is $4,000, COO
making the total excess OF gold and
silver exports s241 100000 II this sum
IL added to the excess in the exports
OF merchandise the total reaches the
enormous sum OF 1901. 900, 900
The question naturally arises: Has
this balance" Of SOL 900 600 In favor
OF the United States been paid for in
some other way: and, II so. how? II II
has not been paid for, then other coun-
tries must be heavily in debt to the
United States; and the favorable effects
OF return movement must soon be
felt. II II has been cancelled by the
liquidation OF Indebtedness due other
countries by the United States, then
we are enabled to throw some light
upon the cause Of the severe era OF
depression through which this country
has been passing. The liquidation of
any such sum means loss Of $780,
000,0 to the national wealth in the
four years, n sum sufficient to bank
rupt country with less resources and
smaller recuperatlve powers. The
problem h one which requires the
knowledge and aoumen OF an economic
sayant to satisfactorily solve.
The uses Of adversely may not al
ways be sweet, but sometimes they are
Important. II wheat had not been SO low
last year that the disguised farmer re-
fused to haul II to market. but threw it
to his hogs instead, he would not have
been so favorably impressed with Its
value for feeding purposes, and II he
had not received such favorable Inn
preston wheat would not be worth
as much as It Is today The fact is
that the veterans, who have always
heretofore been able to figure out al
most to bushel and entirely to their
own satisfaction the size OF the new
crop. the requirements for home con-
sumption, and the number Of bushels
OF eNportnble surplus have been com
pletely upset in their calculations this
time by this new factor IN the situa-
ton. The amount of wheat that will
be fed to stock Ia an unknown guam
uty, Last year II was fully covered
by the ordinary allowances for error
In calculations, This year It Is evil
dent that 1t will be too important
part Of consumption to be showed aside.
When It became apparent that the
corn crop would be short and the price
OF corn went up, wheat still being low,
farmers In many sections began feed
Ing wheat instead OF corn. In little
while there were reports OF shipments
Of wheat Into the corn belt for feed
inR purposes, and OF other shipments
10 the East In place OF the usual supply
Of corn for feeding. The latest devel-
opmcnt Of this form Of wheat con
sumption " reached In the announce
ment from South Dakota that farmers
there are going to Iowa and buying
stock TO be fed on wheat and expect
to dispose Of most of their crop In
that way, one South Dakota cor
respondent added that the feeding Of
wheat promised to reyolutonl2e the
grain trade
1t may be little more than the
truth to say that n revolution In the
trade Is In sight, but the new factor
has at least asserted Itself with suf-
nclent force 10 have a good effect on
the price OF wheat. since corn began
" seem short, wheat has been general
" strong, Spectators in cash wheat
have hllcd mp the elevators at Chicago
with wheat that Is being held for an
advance. The presence NJ this large
supp.S. "'r nenNy reuelp's az primary
inTgc Soreign cron bad n iendcncy N
Offset the strength derived from corn.
But now mat tho feeding OF wheat has
neGum 10 atsrnSI o,tCnuoh, openlnE up
IN, arrsct ,,f thn iar,n s1nniv IN bc
elcvntors ia narttv rnunteracted ana
.nobody knovs exactly what mo future
az ,cheat ia 10 he
Tbe Isngilsh ra,rie h,yo lam, h.or
carry In It's mails any card upon