The sun. [volume] (New York [N.Y.]) 1833-1916, 1898-09-28
snARr Else IN WET

Mig Export transaction Small Supply
western Growers Never 10 Prosperous.
The bulls in wheat had on their war paint
again Yesterday and the bears we're In full re-
treat, especially those who had been 80 ill-nd-
vised assto sell September short. They were
reduced to the melancholy necessity OF paying
a premium Of 8 cents over December, making
a rise for the day Of nearly 3 cents. The bears
troubles we're due TO higher cables. q good
export demand and small receipts at the
Northwest as compared with n year ago. The
Northwestern markets received only Lie cars
against 1872 on this day last year. in spite OF
the fact that the crop this year is said to be
the largest on record. The truth is that the
visible supply IL down TO less than 100000
bushels, that invisible stocks have been re-
duced to an abnormally low stage and that
Western farmers. who are In a moro prosper
Gus condition than ever before. refuse to ao-
cept present prices. Meantime tho Russian
crop II not smaller than that OF last year IL at
least considerably later in coming TO hand.
and most OF the European markets are rising.
substantial advances being reported at Liver
pool. London. Antwerp. Berlin and Budapest.
In Kansas 30 great Is tho Discrimination to sell
that nearly 100 -four mills have had to shut
down for lack OF wheat. Chicago yesterday
In apite OF the estimates OF a record crop.
received only 275 cars. against 495 a year aRo.
ana only 1bOC cars dT6 0NpcCJou tO-udy. DTOuRnN
- reported in various parts Of Europe. notably
In Russia and Roumania, and 1t Is delaying
the seeding. OF winter wheat.
It 10 pointed out that o the large Weld
In this country and France this year may
bring the total worlds crop up to the largest
figures on record, yet II. wps preceded by two
or three lean years and that. the present roe
liverpool Corn Irade Netos Of Sept. IS says:
During the past four years there have been
lo, 100000 quarters 1892, 900. 900 bushels) less
wheat produced than in the four years pre-
cedinR 1895. the average crop OF the past four
years being 10y quarters. or 96:OO00OO
from 1891 to 1884,; Then. again. the Temark-
able scarcity Of old wheat has to be taken into
supply available at former dates and that on
hand. at present. The discrepancy is very
striking. and that, too. WITHOUT allowing any
ibie supply carried over by farmers in many
countries ofEurope. When we come to consider
that. the average annual indicated
by the. figures works out at 3U6.OOO.OOO quar-
ters. t2.484.QQ0.oo0 bushels) per annum for
1884, and 1895 and that since that time the
at the rate OF 3.O00.000 to. 6.000.000. per
annum tthe larger figure. being that OF Sir
William Crookesl. IL will be found. that the
worlds. requirements now are in the, neigh
boEhood Of 31s. QQ0, 900 quarters. or 2,544.Q0o.;
oSo SSs6slfb; y Y 15.56o Il 8 SSp aus seSrs OF 6r t B. t SStSl
00O bushels"
The last prices yesterday were generally the
best Of the day. December showing an adj
vance of 1 cent and closing at Ton. while Sep
and, the United KINGDOM BOUGHT spring and
two days taken fully Y.,5oo.0n6 IbSus6eiii Of the
actual wheat. to say nothing of options.