The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1896-10-27
MARK LANE SPEAKS.
ENGLISH FARMERS ARE ADVISED
TO GO SLOW WITH WHEAT.

L ht0 4A0SPobsIOfc EoI-SstoatIOn IN In
Various Wheat Exporting Countries
| According to the Mark Lane Express
Indian Journals on the Famine.
| copyrighted by the Associated Press 1896
London, Oct. 26.-The wheat market
and the prospects Of famine in India
still attract much attention here anc
elsewhere, although some of the mos
| influential newspapers do not share In
! the feeling of alarm which prevails il
some quarters.
The Bombay Gazette Of September II
said: THE prospects are as bad as pos.
sfble, both for grain and cotton. A
| leading exporters has informed hi:
clients In England that the crop of cot
ton will not exceed so or 60 per cent on
an average.
I'm southern India the outlook is more
hopeful. The supply of fodder is ample
and II the worst comes there is no fear
of recurrence of the horros Of 1876
owing to the improved railway commu-
nications.
Native astrologers, basing their theo-
ries on the traditional observation OF
the heavens, state that il it rains with
in five days a famine will be averted,
but that later rains will not avail
The Calcutta Englishman of Septem-
Der z, pointing out that scarcity is not
the same as a famine said:
While number OF deaths have oc-
CURED in Bundelkund, it cannot be
stated that a famine is actually prevail
ing, as the stocks are not yet exhausted,
the difficulty being to compel dealers 10
sell. But, pathetic convoy of starry
ing children which the bishop of Nag
pur has brought from Jubbiulpur, proves
that the resources Of that district are
perilously near exhaustion. For a
month past wheat and flour have been
selling in the bazaars and howrah of
Calcutta at ettas per ser and rice at
rupees "a to 5-S per maund, rates not
dreamed Of since the last famine
The Lucknow Hindustani said: 'sThe
question now is whether the famine will
last only four months or a year. The
autumn crop is sure of almost entire
failure. No amount Of rain can save it,
and the fate Of the spring harvest de-
ponds upon rainfall by October z"
The Calcutta Englishman also pub
hshed a letter referring TO the wheat
shipped from California, during which
the writer said
THE import should not be left to pri-
vate enterprise which, stimulated by
purely commercial motives, cannot be
expected to be influenced by philan-
throphy and therefore Is not likely to
provide the needy with cheap wheat.
Even If the importers are satisfied with
moderate profit it is probab that the
wheat will be purchased by a few
wealthy natives who will not scruple to
keep the price at famine rates"
The writer of the letter referred to
then proposed that the government
should undertake to provide wheat by
buying in the cheapest market, after
consulting London. Odessa, America
and Australia, and then distribute it
through European agents to the needy
provinces.
The Mark Lane Express today says
that the rise in the price of wheat is
by the situation, adding:
1T is not speculative. On the con-
trary, speculative bear raid is on foot.
The English crop, which certainly does
not exceed 7,25O,OoO quarters. is stated to
be 1900. 900 and there are other signs
that outside influences IS directed to ac-
reaction"
Continuing. the Mark Lane Express
urges English farmers not to rush to
the wheat market but to send, between
TOW and Christmas. the same quantities |
sent during November and December, |
s95, stating that the American and |
Russian farmers are strong holders, ow- |
ing to both crops being smaller than in |
1895.
The Mark Lane Express also says: !,
Argentine is prevented by heavy fall |
n the gold premium from selling at 1895 |
prices. even if she wished to do so, and |
India and Australia do not possess the |
,orn to sell, only two farmers having
more wheat than in 1895, the English
men and the Frenchmen. The latter
IAN place all his wheat in France at a
air price and the Englshman cannot
eed his countrymen for six onths: but
T he presses the wheat market when
oreign wheat is scarce, il will keep
prices down. California wheat will be
rriving freely in February and Argen-
inc wheat in March and April"
The Mark Lane Express futher ex-
,resses the belief that the advance in
he price of wheat is due entirely to the
portage in America and Russia and
dds: The advance from the lowest
'oint in August to the best point during
]
argentine SIS to SIS Cd, while Californian
: perhaps the strongest in point of hold
ng, for. with a million quarters on !
'assage, 1t fetches 36s. an advance of
Os."
In conclusion the Mark Lane Express
avs: The situation generally is
ealthy. A rise was bound to come. on
y We have obtained in October what
re could scarcely have anticipated be-
ore May. Flour is from IS 10 IS dearer.
american is very firmly held and is
OF shipped in large quantity, despite
he important advance"
At the Baltic today wheat opened
uiet and was offered at Sd 10 Sd de-
line. Later il was shade steadier but
lactive. No sales were reported.
The business in wheat in Mark Lana
as very quiet aaG it was quoted gen.
rally at IS lower on the week
At the Baltic business in wheat closed
un TODAY at pence below Saturdays
rices. Two carsoes OF California wheat
ere sold for the United Kingdom.
Two Lives Saved.
Mrs. Phoebe Thomas, Of Junction
Try, IL. was told by her doctors she
ad consumption and that there was no
ope for her, but two bottles OF Dr.. ,
-ing's New Discovery completely
lred her and she says Ii saved her life.
II. Thos Eggers. 13e Florida ST. San
rancisco, suffered from a dreadful
I'D. approaching Consumption. tried
ithout result everything else then
ought one bottle of DR.. Kings New