The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1898-09-19

Ihese figures show gain of 27sc at Min
neapoiis, 41sc at Chicago $3.50 at Duluth,
31ac at st. Louis, and 2Ac at New York
The trade generally, is settling down to a
realization of the fact that, Notwithstanding
the enormous yield of the United States that
OF the world at large is by no means so con-
siderable as was indicated in the earlier
months of the crop season. The truth is
now being demonstrated that a deficit in the
worlds supply exists this year, just as it
ala last, though, perhaps, not In so immense
proportions Another interesting feature is
developed to the effect that our own national
bureau OF statistics, when it comes to deal
ing with the worlds cereal output, is about
as dencient in comprehension and reliability
OF knowledge as anything under the sum-
Last year it was clearly demonstrated that
the greater reliability must be accorded to
the London and Liverpool statisticians as
against those Of our own country. We have
such rushing gew-gaw style about us that
we make bubbles just for the glory of look
ing on them in the sunlight. On the other
side of the ocean, where they have to hunt
the world over for breadstuff, they generally
get down to hard pan, so to speak.
According to the report of the minister of
agriculture for Hungary, there exists much
more considerable deficit than has been gen
orally supposed. There Is, however. moth n
startling in his figures when the comparis ons
are made between the production of wheat
importing and exporting countries is consid-
cred The report appears under date OF Aug
II. 1t shows that in all important producing
countries there has been larger yield this
year than last For instance, the increase
in England Itself is estimated at II 900 900 bu
france shows an increase of so 900 OOO bu
Italy 14,OOO,0C0 bu and Austria from 500, 900
to 100000 blu.
The United States has an estimated in
crease of yield of 105, 900 blu; the East In
dies, 60,00000 bu; Russia SIS, 600, coo blu; Rcu-
mania, Bulgaria and Servia As, 600 900 bu
Hungary, 100000 bu; Argentina q ,0G0, C0)
blu, and Australia, Il, OOOO 600 blu. In all these
countries it is assumed that a surplus ext Is
in different degrees of volume; but we, here
on this side Of the earth, know that the sur
plus was eaten pretty closely to the plank
floor by the time the new crop began COM
Ing to the elevators.
And in this connection there is persistent
evidence that wheat is being he'd back, es-
pecially in the Northwest The additions to
the stocks Of contract wheat are exces dinghy
small. 1t is only natural that, wi cd
crops in stock and with so much uncerta nty
prevailing as to the volume of the worlds
supply thrifty farmers should dispose Of the
minimum of their holdings. There hiss been
a good export demand during the week, aud
this fact has had much to do with strength
ening the market all around The bears
are nervous. They are unconsolidated in
their movements to depress prices They
are timid, and run at the first advance On
the other hand, the bullish sentiment is be
ing augmented by reports of the holding
back Of wheat and also as to the condit Oh
Of things abroad
The following figures, taken from the re-
port of the Hungarian minister of agriculture
above referred to, and compiled by the C n
cinnati Price Current, are printed because
of their interesting bearing upon the stua-
ton. The figures are so conservative as to
dissatisfy many experts who claim that they
are not sufficiently supported by knowledge
other than that of general and unreliable
estimates to be treated with much respect
Yet it sometimes happens that this class of
information is the very kind that proves, in
the long run, to be the most accurate The
figures are entitled to careful study:
Wheat production in importing countries
in bushels: