The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1896-10-02
MONEY IN WHEAT.
WasAsngson Has . Surplus Crop Of
Over 10000 Toas- which Means
ef,ooo.oeo to the Farmers Of This
State-Esxfana Looks to This
CSsnfry 10 Meet Her Needs for the
Near Future.

The wh@s. market KS year has open~i
most sSsgscsos2s.y Tor tas growers Of E<4ls
ead al other waeAf-7rodncsz< safes
Frsees ara 10. Taey haze s.eas@ly ad-
saESed since gAs arss saio<nsn.-s az wheEt
o~ea1 70 rsstea s1e market srsss have mae
al a1sa-se q < Der ton Il 1as AS LaEss
wees Tie Surplus eroD Of TIE state %
washington = over 60 go tons. 50 - al
F@Esee meas IN roEsz2- figures s-.sas - %
N11T farmers OF this sr2ts- The present
pFnces Place wheat growing among re
Ea1sIg A2sGSsTleS. where * has not been
aSF sSFe<a- years pas P-lces 1ave oSsa
So*. Win occasional svarts c2usec by
ss@r1 7AfSon- TIE prospect OF a 6s1csency
lsAs sea sr'ecnlasc-s the and again Into
As.ls rom sxs.ca they came out poorer
saAa tney went il. L Is thought that TOW
Tic t1"1aCaesscy - actual AID not pEospec-
tive
cornrT7entinE or the situation The San
Tfahcls>o Chronicle. September -. says.
A. Lle wheat situation has been a pecl-
-. s az a2sagreea-le one for growers
III ntsi4y years. ard me manner IL which
the cna1gs has Come about i Interesting.
osef.rvG1ct.oa &es.s Lue story from ISL
20 so. and during the last three o. these
sNsrs 20 SUCH al extent as 70 destroy al
prones- Vow the ssly,.lzs nas been gFea
AfSn exhausted. and England. having been
cut on from several Sources OF supply, IS
- SessL-s 20 tbs country 10 meet her nse1s
The first period began IN 1851. Owing
70 ne establishment u better means OF
scHfioonieA8loo, Argentine became u
large grower and exporter OF wheat. At
the same :iFae Russia expanded her grain
cultivation and Ele United States pro-
oaceu Two or three enormous crops n
succession The supply was greater than
the COTS arnption. and "a large addition
VS. made 20 tns surplus wheat stock q
ne world The surplus ha6 always
found market IN Europe. the United
hinxuom taking gzaf OF tie tTnportstioas.
Meanwhile France imposed heavy pro-
tTeuss tariff on wheat, ard was thus en-
sped 10 largely supply her ogn wants.
4 ne burden Of receiving The surplus wheat
% TIE word @as thus largely thrown
upon Great Britain The fact that the
Argentine Republic ard ghe Australian
co-oE.ss are located in the southern heTats-
pl5efss and that their crops come IN just
waen they I'D. had IS effect in reducing
prices. Just as these would show sigas
OF recovery the South American state
ana tne Oceanic continent would dump
lne1r surplus on The London and Liverpool
markets, and dosn again the price %
dGction and transportation from Calffor-
Ma. ints has been the unfortunate situ-
.Ilon tor i've years. and more particularly
Tor Inc last three Of that period
IodAy the face OF things has changed.
ne Australian crop OF 1856 was a marked
oecrestse from thar OF 1855. and stgil more
50 rom that or the year before Instead
o. BENG source Or supply for England.
Australia IS practically our of the mar
ket. and has been compelled 20 draw on
california and Argentine for wheat Ihar
YOU'D nave gone Otherwise 10 The United
kingdom-
The consequence Is that the amount on
passage 10 England has been decreasing
and ~ smaller today than at any time
In the last two or three years In ad3t-
u0n, the crop in Southern Russia Is re-
ported 10 have been a d!sapposrt rnent
has been worked OF. The supply from
TIE uIaeT large exporting countries "a Also
srnaller.
The American returns UP to the pres
eht tlire shcw that the crop viii be less
tAan last year. For last season il was
somfn9n4y estimated BY the trade to nave
neea 1890 90 bushels. while the conputa-
Ton Tor ls+s makes * little II suy over
fter1,'Co bushels. In short the Wheat
crop from the usual exporting countries
= eeio" the average. there IS a smaller
England aud other importing countries
has been reduced below the normal
Loeatiy the condition OF the English
market began 70 make rs effect felt about
three weeks ago. At that tiule cargoes
we're difficult Of sale az from Us 81 10 ass.
since Then there has been a steady aa-
vance 10 :ss and as sd. This mean. an
ADVANCE OF over s. A ton. and the sur
Plus wheat crop OF iSs in this STATE il
.eeV.a tons, IL means clear gain OF s.
W" 20 or more for California
charters are playing important part
~ the situation. The supply OF tonnage
threatened 10 be light in the sarsv rs~-
OF the season. owing 10 the coal strike in
AUSTRALIA. which delayed the loading OF
vessels Tor the ports 81 that country, as
r~scialy Newcastle. But this difficulty h1s
been supplied for the first time ia ia,
history OF Ehe California wheat trade b,-
steam tonnage, principally from Japznesa
ports II Is estimated that there have
been loaded, are being loaded or are on
me way 10 san Francisco enough vessels
70 AXE 10000 tons Of cargo
This unexpected supply OF to1raxa has
worried TO the benefit u me farmers in
keeping frefghts, which have advanced
from 2ss 81 20 SIS 81 from going stflI
higher. The supply Of tonnage = the mora
acCe ptthle because II an extranr,3 "a, ~
shipment OF barley from this port. ThsS
season & wheat Is virtually all s,nref -
the warehouses. and II Is rlae belief fhar
the advance IN prices - permanent opfr~
30 the conditions OF the trade as go
RI gr.xf