The herald., 1896-04-29
MARKETS Of THE WORLD
Local, Eastern and Foreign
Commercial Dealings
WALL STREET SPECULATION
The Worlds WHEAT Market in On..
lire
Opening Of the Summer Hog Sca5on-A seq
retary Of Commerce aai
Manufacturing Industries

Dulilsh influence at work IN the wheat
markets, and this has had the. effect of
materially enhancing values. The export
demand for wheat has a mosn important
influence ON the prosperity of the country.
and any change in the value of flour af-
fects merchants and consumers alike. The
following facts CLEANED from Clapp's New
dictate that the wheat market is more like
ly to weaken than to strengthen:
have been been only about" about two-thrds those
year ago. These exports last season were
about 81, 900, 900 bushels. Black sea ship
900 900 bushels against about 1O5, 900, 900 bush.
els. 1t is quite probable points south of
the equator, will ship to Europe before e.
much as last season, and that North Ameri-
can exports will equal those year ago
months Of 1896 S,Soo,o0O bushels agalils.
6,000.000 expected. German towns are get
ting most of their wheat inland from Rus
ports of flour this crop year will likely be
about 60 per cent Of our total clearances
ana Aprl iR HtRu s5sss Ssee barrels against
1.S70,031 the year previous, and during same
time their wheat stocks increased 413.So6
isth s24 esh 90 bushe1s we're receiVed rec @ there
against 43,47O170 bushels the previous ssa-
son. The continued receipts at Fort VII
large reservesin that section. Ordinarily,
American growers send about onc-thiri
SON SOM to dat date they W have have delivered at primary
markets about lis. 600 900 bushels agaiiist
129, 800, 900 last year and 1901 coo two Years
ago same time, or more than any similar
time on record save for the two seasons
1872 and 1923, when, it was quite prob
els Isl rather than i,l2S. 900 900 as figured out by
to this date were, 24O,O0o,0oO and 22O, 2o9C09
primary receipts this season will equal
?Go Ooo,O 600 bushels; or indicate very nunh
larger crop for 1895 than has been generally
C.gti i'm nd
VIII be no material decreases in receipts
until August. Their receipts are averaging
Of the past two years. ST. Louis claims
the winter wheat movement VIII be nearly
II not sufficient for interior millers' wants,
anon as Cease for Export S lie vsbe Supply
is about 12,OOO,OO0 bushels less than either
east Of Buffalo. Chicago. Minneapolis and
Duluth stocks are now about the same as
year ago and about 5000 900 bushels less
worlds stocks April as 1856, 900 bushels
against 1s7, 100000 one year ago. The Daily
April / as iSo. .ooo, 900 bushels against 1856 OOO,-
900 April /, 1895. Winter wheat receipts at
primary points are larger than in 1895. A
Nebraska, Kansas and Texas than for
many years. This may cause these three
sa f1 n sS aganst aboat IN
1895, or enough more than the same section
grew last season to make up the deficiency
is reported freely offering their new
crop for May and June shipment. Ohio's
are gensraly bag and wbep bep9rt
commands small premium The winter
wheat. acreage is now VI 1OO,O 900 acres larger
than In 1895 and 100000 acres larger than
in 1894, Kansas having an increase Of a5o 900
acres. or about the same as IN 1882; when
70,SSl0 900 bushels Wee grown there; so values
are now about the same as in 1874 in all
the worlds markets. Then the bear ele,
ment was strong and daily ceontraet,ed t, :!
feature appears eliminated, with. few be-
lieving It will prove q great pull caro- ia and and
materially advance prices, and . that ia large
ports this season have been 1O7, ,OO0. 900 bush
els against 2lOOO,OOO last season. It Is
apathy will be manifested as the season ad-
vances If weather is unfavorable or for
eign buying increases.
Latest reports from the provision mar
kets of the West say:
Prices are ranging around lower pointt
m never Mprs sold ower since Chicago
markets existed; Exports OF Provisions on in N
March were u, $50. 900 lbs against lC5' 265 600
same as previous season, when there were
more hogs. Chicago exports M for M hogs from
5 sams to 4Rr ma IN 1sss asannt m
1894 and only 1889, 600 in 1893. Chicago S
largest receipts in those M three months
ed the Union stock yards. The average
weight last March was 246 lbs, against 22s
lbs. The south appear HDefal buyers OIL
short ribs and pork, and predict much
higher prices. Packing from March to
April 16 was 1630.O00 hogs against 1850. 600
hogs same time last season. Quality ex-
celent.
The National Association of Manufac-
turers, in pressing their claims to add a
department of commerce to the president s
cabinet, set UP the contention that more
capital is invested in manufacturing indus
tries than in agriculture. They say:
The following census figures are quoted
as illustrating this claim:
CAPITAL INVESTED.
Years. Agriculture Manufacturers;
1870 ............ .s'sS99ss,sSs 1'6sa,5s7' 'ol5 9l
1880 .,,..,..... II, 104 co., ,53S 2,7S0, 766, ,S95
1890 .......... 1882 267, ,6S9 6.139, 1897, ,7Sl
This indicates that while the amount OF
money invested in agriculture has increas-
ed fourfold during the forty years, the cap
ital invested in manufacturing enterprises
has been multiplied nearly twelve times
in the same period.
While as to the value OF products 1t is
said.
all the products of manufacturing indus
tries in the United States was only. five
ducts. The growth of industry has been
SO rapid however, that manufacturing out
stripped farming thirty years ago, and the
last census showed that the value of manu-
factured articles was more than three
times the value of all that agriculture
yielded. The figures for fifty years are
given 90 VALUE OF PRODUCTS.
Years Agriculture. Manufaactures a M @