The herald., 1896-10-23


*Included in North America, but also
placed separately for the sake of COM
parison.-Bradstreet
The American Agriculturist says Ne
braska produced 100000 pounds beet
sugar in 1896, against S,37s,900 pounds in
1895 and 2.7S4, 500 pounds in 1881, and
that one farm of 40 acres shows profit
of $42 per acre.
The people of the British empire (all
countries), bought of American pro-
ducts for fiscal year ending June goth.
about $512, ,000, 900, or So per cent OF our
total exports. Our exports to Cuba
were $7,530,sSO, againet $24,157,69S. in
1928, when reciprocity prevailed.
Germany is our second best customer,
buying 9.9 per cent of our product. To-
tai all exports was $685., ,e06,9SS. We i'm
ported $3.50. 900 in 1s95-9e, an increase
of $4S, ,000, 900 over 1S94-95, and $125, ,000, 900
increase over 1S93-94, sugar heading the
list Of imports with $s9, 200, ,000 wool and
wooden goods is next with $S6.000,000;
coffee third with $s4,O00,Ooo; silk follows
tobacco follow in the order named.
Thirty-three and two-tenths per cent
of our imports come from the British
empire; from Germany, 12.1 per cent;
Brazil, 81 per cent; France, s.5 per
cent; Cuba 81 per cent, or $40,SS7, ,565
against $40, DUO IN loJz-S3
The worlds production of gold, sill
yer, wheat and corn have each increased
yearly since 1873 Silver from 63,267. 1877
ounces in 1873 to ia, ,769, ,875 in 1895, quot
ed at 49% to 81 cents.
The Marche Francois estimates the
worlds wheat surplus at 344, ,000, 900 BUSH
els, and requirements at 360,0O0O 900;
900, South America 44090, 900, and says
Russian stocks are larger than in 1896
The Corn Trade News estimates that
Germany's rye crop will be about 316,-
1000 bushels, against 2S0,000,000 in
1896, and that Servia's crop will fall
short 35 per cent, and that Austro- Hun
gary will only export about 100000
bushels. 1t Is reported that India has
established relief stations for its poor
on account Of short crops. Our govern
ment report makes the crop equal about
412, 100000 bushels. If we add los, ,000, 900
bushels as the amount carried over Ju-
ly the total supply then would equal
517, 100000 bushels. 1t is conceded that
home requirements equal 375,O0O, 900
900 bushels. If we export as much more
prior to July, 1897, the surplus then
would be only about IS, 900 900, or mini
mum amount. Millers in winter wheat
states are importing wheat and pay out
side prices at Chicago. North America
ccclIiS W Ut overseeing, from ner re-
ported supplies Exports since July
about equal the visible supply last July
Indications point to increased clear
ances the coming 90 days, and to prove
that the European, Indian and Austras
Ian demand exceeds our surplus. Ev-
identity foreigners control the situation
and speculators will do. it later on as the
apparent real position develops The
Pacific coast and worlds markets ap-
pear to advance as fast as our own; in
short. Chicago is about the lowest of
any market. Based on large shipments
TO India and Australia. most of our old
successful grain merchants predict very
high prices for our wheat, ranging from
IS cents to 81 per bushel. Foreign ex-
change Is but $4.S1 for Co. day bills, and
about $56,000,000 of gold has already
been headed this way for foodstuffs.
1t is estimated that hog cholera has
caused a liberal marketing of pigs and
hogs; that Iowa sent 65 per cent more
hogs to Chicago in September than for
September. 1895. Receipts average
about rs per cent less than in September,
The export and shipping demand shows
up full averages, and has led specula-
tors to be liberal buyers and to antici-
pate further advance, and favor pur-
chases of January product on everyset-
back in quotations. They predict cent
lard and ribs and $40 for January pork.
Packing from October 1 to October 10
has been 7,5S0,0O0 hogs, against 6,225. 900
hogs last year same time.-Clapp's New
York Letter