New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1897-09-20
TIE OTTLOOE FOR FARNERS.

The fail of wheat below 81 per buslel at New
York with some iEdi, alton that it may remain
for awhle below that tiErre. will somewhat DIS
appoint those advisers who told ,hc farmers 10
held their wheat for 81 per .Iushd on West
ern farms. I h. price may go above that fig
ure and say ;rre. hut the prophetic gift 10 do
termine htth,r it will or not does not seem
TO belong t. the nien vino have constituted
themselves the next fr"nd- Of the wheat
grower. In fact. ;h,Ir operations have a suSpi-
ciOus i;kcress 80 ,hn performance Of that
clique which simultaneously advertised in
many Southern papers Hold cotton. il is the
Only cirap thing left" and in many North
ern papers "Buy cotton: it is the only cheap
thing left" and have since used The marker
to such purpose that he price has declined
over ~ ,cuis Ert the prizes of these great
staples are OF the utmost Importance 10 the
whole County,. ard II is pity that millions
Of wheat-croWc should have their returns for
labor diminished i'll order that a few spccu-
lutors might have a ra'rowCl and more con
veniCnt market on which 10 realize profits
Rather more than ordinary power Of prophecy
IL nccd 4 ;hiS year 10 fix with dciniioEess the
frture course Of ~ at When tie Agricultural
I,eDar;uieli pats ont an estimate which Is
aboat 'nc hundred million bushels lower than
the ctcr reports usually considered most trust
worthy Rain people have some reason for feel
lag In, the actual outcome Is not definitely
knoNn IN this county ard still less in other
ccrniri $ where the crop has not yet been har-
vested anl where means Of gathering infcrna-
tion sire Ec9mparahiy less complete. IL Is quite
true & ~ the trad" 10, = not consider tn Gov
err,l.,: report. prepared after The fashion
which las prevailed in recent years. OF much
waite i.rt n, mat c:se what reason Is there
for attaching mere value 10 the official report
FROM F.antr ard othc: countries which collect
heasy fTtifs % grain imported:
Tier is one source Of Information which
proaah., Gaes not greatly deceive Tie actual
buying 4 mnar hy foreigners implies that the
buyers know soale,hina about The needs OF
their own countrier. Tao preliminary statement
Of exports shows that over 2s.0ao0t bushels Of
wheat. flour Included went abroad in July and
August. and excepting in 1887 and the three
years 1901 81 inclusive that quantity has never
been equalied n those months. Moreover when
Ia considered that nearly as great quantity
Of corn went out IN the same mon,hs--over 81
10000 tuShcls--ard that no such movement has
ever before been Known in those months. the
evidence seems 10 b. quite conclusive that for
e.Sf dealers oxpcc, foreign needs to be e2;raor-
d.nar!ly large this year. W!il crop quite
large A. the highest trade estimate Indicates.
this country would not have enough wheat 10
supply o,0OO.UJo bushels more than lis average
expectation an recent years hut I'll foreign ac-
counts Indicate deficiency considerably be-
Sond that quantity.
In 1900 and 1901. with foreign demand
which went beycnd I5).V10O0 bushels for
American wheat. flour inclrdcd. III" price rose
above 81 per buslel, but did not in 1887. The
exports Of corn have not materially exceeded
100,0Q0,QoQ bushels in any pas, year until the