Fort Worth gazette. [volume] (Fort Worth, Tex.) 1891-1898, 1894-02-27

American Agrleulturist Looks For netter
PricS-flglIros Back rs Faith.


New York Feb, 20-rhe American Aryl.
cul!urlst for March will have I'M iniporfaut
se oi e1 , prospects, in which d Is
hibyoye, The Agrlculi1rlst win sny:
,tne ',sulel 40. stan lard Crude VI spring
wheat Tor immediate delivery sold as low
" % cents per hushei ut chicago On the
l9th INST, aud on the same dav sold ia
LlNerpool ~ price equal 10 inst nimut
even ~ cents; These prcos are The lowest
vhhei SHOWN, being 70 cents a liishel below
w values current year ago, 30 cents less
ihan Two years ago. AMI 3S cents under
the price Of February, lsn.
me average amount OF WHEAT exported
rom the United States, India and itustin
20 England and other states of Enrone
has been about 285,uCO.0Ol bushels "A yenr
my m TIE two last seasons these countries
d lIl.lit thui mirket with an average OF
almost loPVnOQO bushels u wheat yrary
more thun this. Even Russia shippci oyir
oUuhuuV bushels IN her fnmne year or
nhaali as much as hlr largest previous OK
tine Republic. Chill, Canada, aud Arstriiin.
as wei ns the Older wheat. growing conn.
tries, engagcd In a mad rush Into wheat
culture. nehce the GLORIOUS existing sup
ever. @ '' s'lH''u' now
The Visible supply Of whoa. in America
Is less than one war ago az this time. me
snppy IN the United KlngiQm, IN Europe
ana ahoat for Europe is but i0.uplGlil
bushels greater, while the worlds avail
abe stocks OF wheat wore islp0 40 i,ish.
els ON February !, or only 10000 bushels
more than ut the same date year ago.
Then Chicago and Liverpool prires were
respectively % and 81 cents per bnshel
ilr AlHculurlst does not believe this
small gain IN the supply-not per cent-
tustlh's ID reduction IN values " more than
- per cent II believes that the worlds
stock Of wheat is today relatively loss thuu
for several years The worlds Visible snip.
ply was an February I only M.Oou0Q
bushels fhuU Ink flt.t
gain In The Ike seven months u the two
previous years was two and pne.half times
as much. or 1iO10.o0O bushels,
This demonstrates that c1nsumptlnu IS
rapidly overriding The supply From Feb,
ruary ] 10 July 1.-the last hive mouths "
the wheat market ytar-the wOrllH con.
sumption 10 The past four seasons has been,
on the average '2OOtQD0 bushels mUru
than the now supplies. SElull this prove
true for The ensuing four and oue-half
months Che worlds supply on July ! next
VIII hc lrss tuHn IL was 10 iuly last year
when prices were from 10 10 l5 cents
higher than az the present
Wheat exports for the past seven months
from Australia, RUSSIA and Mlia are
considerably less than In the Ike period
for the two previous years Il is doubtful 70
these reduced supplies grr made up by In
creased receipts IRON the Argentine lpnuh-
lie aud other countries. Consumption may
therefore exceed new receipts Ear more than
the average quantity, Tins sim further
huSteulug The advance m values. The only
obstacle TO ihls course He's ln the possible
contingency that the Invisible supply Oh
farms AMI ia local gfnnarc, has been un.
dcresilmHted, and may furnish un Uuprece
dentcl volume or shipments
WIN SUCH reduction In stocks the mar
ket FOR the 1891 crop would open ut about
tile values current last fan, unless the
new crop Is phcnumcunNy large al home
and abroad, Tho Agrcnturist promises u
full production IN the Southern hemisphere,
Inn predicts q heavy decrease In area Of
spring wheat In tie Northern hCml sphere.
especially Ia tile United States While the
prospect a. good for moderate improvement
In wheat values American farmers can
grow other crops 10 better advantage,