The San Francisco call. [volume] (San Francisco [Calif.]) 1895-1913, 1897-12-19

E@ averaged excellent prices In the early part
of the season the babe fair to be exceedingly
~ heavy but dry weather April it short and less
ened the yield materially However the farmers got
prices what they did harvest and best Of
ALL the price early in the season before they had part
ed with grain.
Prices been low since 1898 up to- NO
vember 1885, it has been hard for wheat rs
to keep with the world. During portion q Ais
period wheat has sold below the cost of production
the farmer actually went backward not getting even the
cost of raising nothing of what he needed to pay
his taxes support his family and perhaps pay interest up
his mortgage. Last wheat rose to remunera s
tive price but not until late in the season when most or
the producers pressed by the hard times had parted with
their wheat that the exporters and the mddemen
made the profit but this year, as said before the ad-
vance early and the farmers got the benefit where
it was needed the most.
seemed early in the harvest year if
have exceptionally high prices but the free sales and de-
veries of American and Russian wheat checked the ad
in Europe and here in California further
back by the sharp rise in freights which played an i'm
the wheat market and to get good under
standing of the condition of things must review the
1t looks if the extreme depression of wheat
and approaching period better prices,
probably not so high in the 0s and sos but better
average than the 9Os
The trouble with raising we have to COM
1ets WITH newly settled countries all world. Inc
poor man who strikes out into the wilderness and takes u
- usS YHelh iato must raise wheahecause it takes
V1ediate return - ~ "4~E7t~ eS Ga 'i'
And you will find that the codatrieg contributing the
fsest supplies for hungry Europeans mostly naly set
ted countries Canada, the United States }gedti Rms
e'a 4no4a and Australia are the mains feedesor Irope
ao ~ or these except Indie produce their eat oaeoni-.
palafYy new land. At prices bretaas for t6a last
eosn land is ert rs a R12a5 s5 n H8 ola
Is uepSe an9 itCeannot compete in volume
Years N Go thirty
on w In i5e seaigf having fallen
Atlantic seabOaTd sazs fs Sns sg0 9a e.
'tuns now they dep@aa( No8fhwe$t arIdltRsy
s s sg tss sss s 1sa sas s e.
BENT to s5Sfa tha IN
gsh5@HasS Ss Sn 5BI VaS3} be-
Saaa 1y zpa, Santa,
TO and d i sus WEI fas IagD g sa up
ramefso. SIN ,1Sada and lsaiiAas F4l93a fTTZ/
aot leave oregon and Fashngon Out ofdu reckonn
Oregon being g older STATE has ceased Oproduce large
s s afa has G an e enoda.
suSluf The twq 9getbe< vim yield this year as much
nucs y sge sa 1re OF s e0qGss WITH
I'VE haFs 1his. as Isad, esdTawn tonnage away from
mills dOnDete th for the export trade Of the pa.
Lie Ocean, seriously affecting our exports of -four.
The freight business has undergone great change
the last few years The advent of large iron
ships has cheapened carriage that rates
which would have been runous the ship twenty
years ago are now become profitable Again. the pres
enee of steam tonnage has become element dur
ing last year or two in checking extreme advance
ana each year OF late our tonnage supply is
inforced by tramp steamers Orient which come
here seeking grain charters year they exercised
cohsaerape influence in keeping freights down
sonabe figure During the period July 81 to Deem
oes TINS port besides three from Northern ports
the whaleback City of Everett sailed for Calcutta
To- with cargo or the
rlct OF India OF these twentynine steamers nine wer
bound to India Australia rest to Europe The
age rate of charter q shings it was about the
same to India and Australia as to Europe
1t is certainly extraordinary feature in the history of
cheap transportation that be sought for
voyage OF $4,000 miles under very moderate
rate of q shlings. When back upon the tonnage
record ana md that sailing January 1878 re-
ceived % hiIngs voyage and that the rote
by saiers was never low shilngs till 1885, then
reaze the wonderful change come over trans
portaton
The farmer is now amply against higS
relghs II n shlrgs will tempt tramp steamers across
the Pacific as it has done years past and is doing
now The freight market never got down to 80 shungs
until 1882 nothing would ever take it p
to that figure the war transportation
All TINS suggests the possibilities Nicaragua
Inc greatest boon the farmer could would
& Nicaragua canal With this completed, should be
Wltn thirty days steaming Europe prac-
.c"iy enjoy the advantages possessed only by
idhcc STATES We could recruit tonnage from Eu-
ope as We as Asia, and the grain seller would be
against corners 'cinches' in freight. mllers
could then sell flour in European markets on short
he delivery just the millers do in Michigan
hesota which we cannot do the completion the
canal would increase the production Of very
largely.
California harvested year about 100000 tons of
wheat In spite of the ncursons raising the in
creased production OF other grains the increase popu-
iaton and the low prices. hold about that
average OF this shall about 500 0ao tons
for food seed feed supply Ocean export
trade in flour But northern States have crop
as large with considerably requirements. so
that the Pacific Coast whole will have to market
nearly 100000 tons in Europe and it looks though HE
coast might have surplus approaching amount Ror
years to The English French markets viii n-
tinue to make prices they have done in tho os ~
cept that and then unusual demand NAV craare
brief squirt In values the shortage in Australia did
last and the year before
England is the worlds main dumping ground for sur-
plus wheat but this the surplus with tho re-
is hardly enough to furnish food ti host The
o n-lo