The San Francisco call., 1896-01-24

carrying capacity of fully 365, zoo tons,
making the total freight facilities
444, ,46l tons. From these figures it will
easily be perceived that the shipping of
wheat to Australia will be a matter of
great facility. With these two great fac
tors, urgency of the demand in Australia
and facility for transportation thither, /
can only conclude that the California
wheat trade in that quarter will be most
brilliant
In the East oUr wheat has been rather
low, but there is commencing to be quite
demand for it, and this demand | am in
formed is liable to assume much greater
proportions. In Chicago the winter wheat
Is almost gone, and by The end of Febru-
ary there will in all probability be little or
none of it left. The millers in and about
Chicago require from $4,000 to 10000 tons
daily to keep their mills going, and at the
present rate call will soon be made for
the Californian wheat, which, after all, is
lar superior to anything of the kind that
can be produced in the East.
Looking at the matter calmly" con-
cluded Mr.. McGlauflin, "weighing sound
facts and straight figures, which are the ONLY
safe guides in matters of this kind, l have
come to the conclusion that the best thing
we can do here is to raise all the wheat we
can, and have it avail able as soon as pos
sible. There is no reason, there can be no
reason, why Californian wheat should now
go begging for a market. The demand
being so extensive and imperative, prices
must come up, and 1 trust in the near
future that the expression hard times
will cease to be used in California by all
except historians and others of that ilk
who deal in antiquated "reminiscences of
the dead and buried past"
E. L. Atkinson of the grain brokerage
house of T. T. Atkinson & Co. had much
the same story to tell.
"Some people," he observed, 'fare will
ing and apparently anxious to be fooled
all the time. Then there are other times
when sudden craZes seem to take general
possession of the financial world. But
when we see solid, sensible men preparing
for a reign of prosperity we have a right
to conclude that something is going to
turn up. That seems to be the case at
| present. The rise in wheat which is now
raising the wind in the market has come
to stay for while. This is no scheme of
the brokers, but the legitimate outcome of
palpable fact. While Chicago markets
have not yet reached our figures, they are
bound to advance III the natural sequence
of events and do their part toward the
augmentation OF the general prosperity.
Tine failure of the Australian crop and
| the present low freight standard will both
contribute in no small degree to the sue
cess OF Californian wheat in Eastern and
| foreign markets. 1t is said that one large
dealer has bought up most of the A No. l
milling wheat on the market and is at
present selling it to the mills at 81 20 and
| clamorlng for more, but l cannot speak
with any degree of certainty regarding the
accuracy or inaccuracy of the statement.
At any rate grain spectators are jubiIant
since the present indications promise bet
ter things for them and their clients in the
near future'
George D. Toy of Bovee. Toy & Co. had a
few views to express from real estate
mans standpoint.
at is necessary" he observed, ''for a
man to keep himself in a calm and con-
| servatlve disposition of mind while con-
| sidering situations like the present. There
have been sudden rises in wheat before,
and the dazzling castle in the air has
Topped 1atter than fapjack, running the
hopes and fortunes of multitudes in its
collapse. However, this late rise seems to
be of a different order. The facts which
caused the advance are patent 10 all, and
the rise in prices of wheat seems to NE
nothing but the normal effect of a given
cause. A singular feature of life in Cali
fornia is that many Californians, particu-
larly the old stagers, literally swear by
wheat. You can't interest them in or
| chards or IN manufactures to any great
extent, and while they seem to wake up a
little when grapes are mentioned, still the
subject does not move them as it might.
But speak to them OF wheat, and they
glow with enthusiasm or groan in utter
depression of spirit, according to the
status Of the market. Funny, isn't it?
"Still in the real estate business, and in
every business for that matter we must
deal with people and ideas as well as with
facts and figures. Taking this for granted,
[ think we may predict a great financial
revival if this rise in wheat is permanent.
As things look now the wheat market is
on the verge OF a most prosperous epoch.
Now since wheat (whether rightfully or not
leave TO wiser heads) is so notable factor
in the industrial and financial life of the
State, rise in the wheat market if per-
manent and bona fide must exercise most
beneficial effect upon the material welfare
of the State in every department.