The Cecil Whig. [volume] (Elkton, Md.) 1841-current, 1897-07-10
GOOD TIMES In SIGHT
Prosperity for the Farmer and
Everybody Else.

The condition Of the wheat market during
the past week has been the talk of the ex-
changes. And not only has it attracted the
attention OF spectators, but it has caught the
attention of all New York business men.
They seem to see in the firm tone of the
market, the steady advance in price, and the
heavy sales recorded for the Continental and
English accounts, II sure indication of a
general business revival. Men of business
reason that when the foreign wheat supply is
low, the granaries of the United States must
be called upon to make up the worlds def
cheney. When there is demand for wheat
the farmer is prosperous, and when the far
| mer is prosperous, so the business men rea-
son, there is prosperity in the country.
The same condition of the market that has
obtained during the week prevailed Wednes-
day The days business was marked. how
| ever by sales for the foreign accounts for
delivery in August and September, larger
Than ut any time since 1891. In New York
alone sales OF ~ ship loads, or about 400
bushels. were reported. The heaviest sales,
however, were reported from ports along the
Atlantic coast other than New York. In the
past three days it is reported that over
900 900 bushels Of wheat have been pur-
chased for future shipment to foreign ports.
These sales have been mostly Of the new
winter wheats of Kansas and the softer
varieties from the Southwest.
The reason for those heavy sales is that the
worlds visible supply of wheat was never so
low rs it il at present. 1t is estimated that
the total visible supply at present for the
whole world is not above $1,000 900 bushels.
Besides this, this years crops in Austria
Hungary, France, Turkey, Russia, Italy,
Roumduia and England will be light. It is
nov estimated that the crops along the
Danube will not be more than onc-half what
they were last year.
When the present estimated visible supply
OF wheat "a, 900 600 bushels) is compared with
the visible supply in 1891 90, 500 OOO) some
notion may he ohtained Of the demands upon
our Granari"- from abroad. In addition to
this, reports from Argentina show that the
wheat crop there will be small on account of
the appearance Of locusts.
While diacouragiug reports about the wheat
crop come TO Us from other countries, the
reports from the wheat-srowing regions Of
the Uuited States are most encouraging 1t
is now estimated that the crop Of winter and
spring wheat, in the United States this year
will exceed $4,000 900 bushels When it is
remembered that, from the present outlook.
France alone viii need that much wheat to
supply its demand, the wheat farmer has
reason to be glad that be is alive. From all
over the West and Southwest come most
favorable reports Of this years crop.
In Ohio the wheat is reported to be in good
condition, but the crop will be, so it is said,
about ten days later than usual. The reports
from Minnesota state that Il crop of about
eighteen bushels to the acre may bc expected
This means that in Minnesota and the Dakotas
about 200, 100000 bushels will be harvested
In Indiana il is estimated that over IS per
cent. Of a full crop will he harvested.
This condition OF the wheat crop here and
abroad. so the business men say. means that,
with the coming of early autumn. and pro-
badly before. the prosperity the country has
been waiting for during the past six years
will put in an appearance. They point to
the fact that 1891 was the last good year the
wheat growers had 1t was the last good
year the country had. Said n wel-known
business man yesterday:
"The condition of the wheat market is the
first sign we have had of returning prosperity.
The American farmer has the goods to sell
and the world is waiting to buy them. When
roroir,p ,,nlJ or nt ,ypIl iip,,lnu In, ,n
pockets of our farmers, then we shall have
real prosperity and not before.-New York
Sun.