The daily morning journal and courier., 1897-07-15
TO DICTATE PRICES FOR WHEAT,
American Believed to Command the Crop This Year-Price Steadily Ad-

~NiiiSiiHeth beneVed 10 CoiliiiiaAio e'io
 Crop This Year-Price Steadily Ad- vancing.
 New York, July nights Even- ing Sun says: That America will be
 Tn a position to dictate the price Of
 wheat this year Is the confident predic- ton Of many of the closest observers
 or the general crop situation, and after
 the developments of the past two weeks even the most pessimistic admit that the outlook is exceedingly bright. notwithstanding the almost uniform
 ly favorable crop reports from practic-
 ally all sections of the wheat raising
 districts, the price of that cereal is steadily advancing, for which it's strong
 statistical position is largely responsi- | ble
 The worlds visible supply at the pres ent time is probably the smallest for years, aggregating not over 75,000000
 bushels There has been no change for
 the better In the European crop out look 1t was generally estimated that the English wheat crop will barely l show an average of twenty eight bush
 els to the acre, which is about two bushels below the normal
 Reports from Russia are of the most dubious character, and large shortage In France is almost a certainty. Ad- vices also indicate that the crops of
 Austria, Hungary, Bulgaria and parts or Germany and Italy will fall below the average. Judging from the recent heaVy purchases of wheat in our mark
 cts py European houses, it is apparent that foreigners are beginning to appre-
 clate the situation. Some estimates
 make the European outlook 150, ,000 000 bushels short of last year. It is this country which will be called upon to supply the European deficiency, and there is little doubt that barring some 1 unforeseen disaster, the agricultural classes of America will be richer by a good many millions as a result of this years harvests. Notwithstanding the intensenly hot weather of the past week the various crops have suffered little or no damage, and in many sections steady improvement has been reported The l weather bureau, in it's report of the I crop conditions for the week ended July | F, says: Although the weather of this week ending July 12 has been excep- tionally warm, crops have made good
 progress, except in some of the south western states, where drought pre- walls.
 Texas, Oklahoma and portions of Missouri, Kansas and Arkansas are much in need of rain. On the north Pacific coast the week has been excep- tionally favorable. In all states of the central valleys and lake region corn has made rapid growth and cultivation has been finished except in the more northerly sections.
 "In southern Missouri and western and central Kansas the crop has suf- fered from drought, but recent rains in the last named state will prove bene- ticial. Corn is also suffering from drought generally throughout Texas and Arkansas and in portions of New Jersey and the Carolinas.
 The winter wheat harvest has con- tlnued in the more northerly districts east of the Rocky mountains and in California and has begun in Oregon.
 The crop is fast maturing in eastern
 Washington, where harvest will begin within a few days. Spring wheat con- tinues in promising condition over the northern portion Of the spring wheat region, but Is somewhat less promising over the southern portion. Hot winds have done some damage in South Da-
 kota, and some reports of rust are re-
 ceived from Iowa. The outlook for this crop in Oregon and Washington contin- ues excellent"