The sun., 1896-10-08

OVER 10000 1ONS TO LEAVE THE
GOLDEN GATE FOR INDIA.

On Account or tac Puni,b Drought There
Is Likely to Rr Large Indian Demand
The Novelty OF shipping Our I,rendstunrs
to the Grsnt Wheat Lands OF the East.
SAN Francisco, Cal. Oct. The chief tonic
among San Francisco brokers for several DAYS
has been the shipment of California wheat to
India. IL Is as unusual an occurrence as ship
ping Goals to Newcastle for California to bs
sending wheat to one of the greatest grain pro-
ducinG countries In the world, but this year the
drought has completely ruined the crop
The great northwest province, which pro-
duces threc-quarters of the grain of India, has
had no rain, aud IL Will be necessary to import
seed wheat for next seasons crop. Tho parched
condition of the great wheat fields is said to be
terrible, and famine " threatened in several
districts. 1t was known months ago that tho
Indian wheat crop was very short, but no one
supposed the deficiency was as great as recent
adSiccs show.
Private advices from Calcutta say that the
growing crop of wheat is in bad way. and that
in the Punjab next March not over a half crop
will be harvested
Two steamers now on the way here from
Japan have been chartered to carry grain to
Calcutta and Bombay. These steamers will
carry in tho aggregate between 10000 and H.
600 tons. and it is expected that both will arrive
in n short time, load aud get away in time to
land their cargoes in India by the middle of
December.
As the Indian harvest season is in March.
and this wheat will land there more than
two months before any new wheat will be avail
able 1t is highly probable that other cargoes
will find market in the same direction. Ths
last crop year in Australia was partial failure
and the colonies had to look to California for
their bread supplies. and now comes India.
another great wheat producing country. seeking
California's wheat
These facts show conclusvely that while
other sections Of the world will grow wheat.
there is none OF them where the crops are as
certain rs in California. and, with the exception
of Australia, they cannot produce as good
quality OF grain as grown in the fertile valleys
OF this State.
This wheat now going to India comes from
forlaa wheat is grown. Many OF these wheat
fcsds are miles "a extent, the ground is as level
a. a. a ;l3or. and ,,ll improved machinery is used
in sowing and harvesting.
CHlCAGo. Oct Wheat remained remark
ably quiet today. The Liverpool wheat marKet,
which for about ten days has been running
after tho Chicago fluctuations, gave the chase
up this morning. In response to the advance
cahleErams from the other side saying, that
wheat at the openinE in Liverpool was led. lower
The san Francisco purchase for xport had
but little effect on the local Market" said
ilcuTN lbNNt, u Weli-huDWn broker. tnlS eVen-
ing. "lt would not pay to ship wheat from
Minne'o'a. the pakotas. even Nebraska or any
other State this side OF the Rocky Mountains to
Oriental ports. There Is vast quantity of
wheat grown on the Pacific coast that might be-
eNpJrted at n profit, but the Mississippi Valley
can never contribute to the provisioning of the
On ent. The Chicago market. :he buying and
the ceiling is affected by the English market
fluctuations, but any other rise and fall 10
purely speculative.
."Tliat foreigners purchased good deal Of
wheat in America both yesterday ana the day
before there Is no doubt. They purchased a lot
here. New York said they were good buyers
there Of both spot and future all OF 240.-
600 bushels cash being taken st. Louis sent q
similar story. Minneapolis and Duluth sold
considerable amount o, four'apd wheat to go
ABROAD. A good many ueOple fail 10 realize
the fact that IL is the foreigner who Is
now. and has been for some time. making the
rrIce on American wheat And we may rest
assured that he would no; do this unless he was
comneI'ed TO- This is. should he: nf great
significance to the American wheat holders. 1t
is the foreigner VINO has marked up tho price
ten 20 twelve cc%s hnshe not the American.
The latter has done ali he could to keep the
price down"