The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1898-08-01


These figures show decline at Mime
apois of Sc Chicago SIC. Duluth 4Ac. st.
Louis 33sc and New York 3Ac 1t is a period
marked by hesitation pending the develop
ment OF the growing grain and its harvest
ing. The conditions similar to those of
week ago. The arguments offered by the
bulls have been limited to reports of disap-
polntment in yield as the result of thresh-
ing in the winter wheat districts. and some
evidence of a deficient filling of the ear ami
shriveiing of grain. we'll as rust in the
spring wheat sections. but the damage in no
instance appears to be at all alarming There
nave been during the past fortnight sew raj
Gays or very trying weather. particularly
IN South Dakota, but the latest reDort, IN
dictate that apprehens;ons of great damage
from this cause did not possess much of a
foundation. The harvesting of wheat is in
progress in the lower counties of that state
as well as in Southern Minnesota and Wis
consin. The harvesting season is little
advanced in some localities, and there is a
disposition on the part of the North Dakota
farmers to avoid possible injury from hail
by gathering the crop just as scon as it Is
possible to safely handle it. Prices, mean-
while. have tendency to lower levels
While the crop in this country is likely to
De large, there is little or nothing en- which to
base any reasonably accurate corclus. on IS 10
be. Beerbohms Review. so la.e as July 18Th,
speaks Of the harvest in France as probably
a fortnight later than usual. and This If is
GAINED, will necessitate purchases in that
country during the interval of watng-a fact
WHICH, II is believed, will have a tend sncy
10 strengthen prices abroad. The Russian
crop reports are variable and little infcrma-
ton seems to be forthcoming from tina. quar-
Ter On which to base reliable estimate. The
reports from Austria-Hungary are less faynr-
able than from other section of con inen. a,
europe where liberal yield is looked for
beerbohm's estimates of the American crop
are located at $50, 900 600 bu; those of the
agricultural department are given as 6O3. O1O
oo0 bu, while Thoman and others rame tina
eslihate OF IOo, O00, 900 bu as the to al Amer
icah yleld. 1t will be remembl red by those
who were familiar with the conditions last
year that the estimates made by the fer iy,
experts with respect to our crop proved much
more reliable than those of our own ayr.
cultural department. Undoubtedly there was
an error In the estimated reserve of Aug
l, 1897, otherwise much less what was ron
sumed by our homo population than usu~l
Inc stocks of wheat at twentv-one info
rlor and seaboard markets east of the Rooky
mountains. in transit from the Western sea-
poaro ana on shiDboard in transit to Great
britain and continental Europe on july %
1898, are given by the Price Current as .,
$4,000 blu; on July rs. 1897, the wheat in tran
sit as above was Is. 192 OOO bu. These figures
snow approximately 1000 900 blu less in iran
SIT this year than at the same time last wear
IN 1895 the volume was 1882, 900 blu; in 1875
Io,465, 600 blu, and in 1894. go III, 900 blu. With
the exception of 1897, therefore, the volume is
less this year than in any year within the
period named. The following also from the
cincinnati Price Current, gives the receipts
OF wheat at winter and spring wheat mar
kets for four weeks, July l to July d. with
comparison in bushels with preyious vo.rs.