The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1897-09-14
NOT TO BE CHEAPER
UNCLE SANS STATISTICAL FIG
URES ON WHEAT.


aad Thrown Upon a Higher Market and
That the High Level Will BE susi stained
Uutn the Crop of 1898 shows Up, Al d
Shows Up Well, at That-Eurr pean
Figures.
Washington, Sept. 13.-The following
| relating to the wheat situation is an ex-
| tract from the complete monthly report
of Mr.. John Hyde, the sta.istician of the
agricultural department. which will be
issued tomorrow:
High prices for wheat have for several
weeks pas, been bringing out supplies
in turn, reacted upon prices, causing
some decline from the highest figures OF
August. The general tenor OF the infor-
nation CLEANED from all available
sources is not, however, of a character
70 warrant the expectation, or the fear,
according as The matter Is regarded from
the consumers or the producers point OF
view, Of any material cheapening Of
prospect of ampler stocks.
With the annual average European
product OF over 1,42S 000, 900 bushels dur
ing the six years from 1891 70 1896. in
elusive, We exported an average OF 1885,
3l3, So bushels year. This year the Eu-
ropean crop, according TO Bromhaifs
Corn Trade News, will. in round num-
har hY,S1
SO, 900, 900 bushels less than the average
Of The six years in question. If we make
the comparison with the figures given by
Beerbohm for 1897, the deficiency in the
European crop is still greater, the fig
ures, in millions of bushels. being: Az
erage for 1S91-1S96, Laps; crop OF 1897.
1915; difference, 113.
That is, according 10 Beerbohm's esti-
mate Of this years crop, there is def
cheney Of 113, 900 bushels in European
countries, as comperade with their aver
age product for the six years, 1SS1-1S96.
an average which includes the exception
ally small crop Of 1891. To make up the
deficiency, little help is 10 be expected
from India, Argentina or Australia for
will have TO import a larger quantity
than usual, she will have 10 draw Il main
iy from North America, and especially
from the United States, the Canadian
contribution being relatively small. Of
fetal returns for Ontario and Manitoba
give for these two provinces an aggre-
gate Of 81, 042,2 53 bushels. II the Argen-
tine crop shall escape the ravages of To-
Gusts it seems likely TO turn out unusual
ly well. and from January. 1898, when
the bulk OF the harvest will be got in Ar
Sentina that country may have more or
less wheat 20 export, as the latest mail
advices represent the crop as being in
fine condition and the weather highly "a
vora bic. There are, however, many
chances Of serious damages during the
next three or four months The latest
accounts from Australia indicate that the
drouth from which that country has suf-
fered for the last two or three seasons
has been broken, and that the wheat
crop is giving good promise throughout
most OF the Australian colonies, but the
area was narrowed by drouth at seeding
time, and. as stocks must be low, il is
not likely that even with a full yield the
crop will be one out Of which any great
amount can be spared for expectation.
The present high prices would ordinarily
tend 10 encourage the seeding Of an in
creased breadth in India, should the
weather be favorable this fall, but any
inclination on the part Of the poorer cul-
tivators to take advantage Of such fav-
orable conditions will probably be in a
great measure thwarted by the impover-
ished condition in which they have been
left by the famine in the greater part OF
the wheat-growing districts.
But, leaving out the fact that the bur-
den OF supply for Europe will fall more
largely than usual upon the United
States, Il is evident that there would, IN
any case. be a demand for a larger eur
plus than is 10 be expected out OF this
years crop. II. 20 our average annual
export for the six years. 1S92-1ss7. we add
a European shortage Of $4,000. 900 bush
els. as figured out by Bromhall, We get
to;a1 OF 265. So bushels. and in so far
as We fall short OF supplying that guam
tity, Europs, as compared with an aver
age year, must suffer a scarcity in her
bread supply. except in so far as she can
avert il by drawing on the stocks that
may remain out of previous crops.
The worlds reserves have. however,
been reduced in consequence o.. the short
wheat crop OF las; year and deficiency
in some OF the other important food crops
viii not tend TO relieve the tension Of the
wheat market.
WHEAT LOWER AT NEW YORK.
New York. Sept. l3.-The decline IN
wheat today lef: prices 5 cents below The
highest point o; last week. and > cents
lower than they closed on Saturday
Speculative sales ran up 70 4.so5. 900 bush
eis, which represented a moderate days
business. Weakness was encouraged BY
The moilion bushels increase in the visi-
bic supply. a fair addition 70 the local
stocks. heaviness in al foreign markets
and light exports. Local houses and
foreigners sod mos: OF The day. the latter
taking leading part In The late after
noon the-e was some ralying on buying
stimulated by the frmness IN corn. De-
cembsr sold from 81 SIS 70 80 lie and
closed az CSC.
Com was fairly active and weak. with
a late rally on covering. The crop ou:-
look Is Offering less encouragement 70 the
bul! side than formerly. December rang
ed from 81 % 81 7-Sc, which was 1-ic low
- 1han Saturday