The Cecil Whig. [volume] (Elkton, Md.) 1841-current, 1897-08-14
MARKET REPORTS,
SELLING PRICE OF WHEAT AT ELKTON
OTHER QUOTATIONS.
Good News For Farmers.

ooou NSWo iOi Raj I'LL Dc
AT Elkton Davis and Keys up to the close
OF business yesterday. Friday, were buying
grain at these quotations: Red Wheat. Sc;
Corn, 80; Oats, %: Bran SIS.
Wheat reached 92 cents on Thursday in the
city exchange.
The price reached on Tuesday in Baltimore
for spot wheat was S755 cents, and for Sep
TENDER S6&i cents. Spot wheat was quoted
at $3.50 cents Monday and September ut S49I
cents. This time last year the price of spot
wheat was COS. The receipts of new South
ern wheat that day were 33. G62 bushels, a
much smaller amount than would have ar.
rived but for the recent rains.
This years immense wheat CROP with the
prevailing higher prices and the gratifying
possibilities of financial betterment for agri-
cultural il terests, are exciting general COM
ment and causing decidedly more hopeful
feeling in all business circles. prominent
grain man of Baltimore said on Tuesday:
"The farmers of Maryland will receive
from S5,00O,000 to $6.OO0,0 900 more in cash
for their wheat than they did last year. This
means noticeable increase in money circu-
lation, more purchasing OF all kinds and n
general impetus to trade and commerce"
Review of the Wheat Market.
Mr.. Harry A. Wroth, assistant secretary OF
the Chamber of Commerce. Baltimore, gives
some interesting figures and facts regarding
this years wheat crop.
ain tn" reports Of the United States De.
partment Of Agriculture" he said, on Tues
day. 'Marylands wheat crop in 1896 is placed
at T,S7S,OOO bushels, with a total acreage of
100000 acres. From that crop the sum Of
is estimated to be nearly 25 per cent. Greater
than last years and the yield has been much
larger. In Hartford county, for instance. it
is estimated that the acreage has increased
AT least 30 per cent. 1t is also much great"r
IN Washington, Frederick and other western
counties. and in Keut. Gu, on Anue's and
other sections Of the Eastern Shore
"With this largely augmented growing sur
face, we find the yield very much heavier
than for years. We have heard OF Il crop as
high as As bushels to the acre, while crops of
% and 30 bushels are common. think that
ono may figure an AVERAGE of from 20 to 25
bushels to the acre all over the State. From
reports which we have received and careful
estimates made we believe that this years
crop will reach, in round numbers, II. 900 900
bushels. If an average of rs cents n hushel
is received for this crop. the amount coming
to the farmers is so, 100000
"Ony about one-fourth Of the crop has
yet been marketed. owing to rain and other
climatic conditions. As the price is already
soaring well above rs cents Il bushel and
commercial conditions are such that even
better prices may reasonably be hoped. Il
much greater margin Of profit to the farmers
may BE expected Then. again. this years
crop is running to better grades than for Il
long time. Fully thr"c-fo urths of that already
received is up to grade. and. of course. COM
mands grade prices. In former years the
large proportion of damaged and undergrade
wheat, commanding lower prices. brought
down the aggregate amount earned 10y the
farmers.
"There promises to he little stacking up Of
the heavy foreign demand. The English crop
is 10, 900, 900 bushels short this year. England
has only about 2weeks supply atloat now, and
the Liverpool supply dropped so per cent in
July. France, usually very light importer
will need SO 200, 900 bushels this year, while
Australia has become an importer instead OF
a shipper The ustra-Hungary fields have
failed so that an export duty will be placed
on wheat by that government to keep its
supply at home. The enormous wheat grow
ing area Of Russia is patchwork this year
as regards successful crop. In the fertile
southwestern sections the crop is failure
but is fairly good in some other territories
Russia, however, will not compete with
America this year in the markets of Europe.
In fact, almost the entire world Is looking to
this side of the Atlantic for this years wheat
supply
The visible supply of wheat in the United
States and Canada August 7, 1897, WIS
1850, 900 bushels, against 4G, 900 bushels
at the same time in 1896. The outward move
ment is more active. As fast as the cereal is
brought to tho seahoard it is shipped acrog.
the water. The marketing Of the crop thi.
season has been slow because Of bad weather.