The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1898-06-15

able. except In California. and the shortage
there If ipconsequential as compared with the
Immense yields promised In this country az
whole Some sections OF the world-notaoiy
Sn nW' not a full normal area in wheat
but the jnduccment OF high prices has nad tne
same effect In most countries as IN tnis-i. nas
caused farmers to plant increaseu ,sheas
area of the world probably is greater THIS year
than ever before. The crop conditions certain-
Iy arc more uniformly good than ia any pre-
yious year The winter wheat yielu every
where Is practically assured, and the spring
wheat crops have got such good start tnat
tn, trade OF the world will count on them. az
least until some disaster threatens 10 ,,ne
them and the operations OF wheat mercnah.s
and specuators from this tins forward VIII
be based on the expectation OF the largest
worlds crop on record .,,, In
IL io recognized that the old wheat VIII w
all used up But one now anticipates any
trouble In finding enough to go round Sucn
su, r,-lsingly large quantities have been put
limited States. Russia and India that European
needs until new wheat is available. seem 70
be fully satisfied. In this country farmers are
still delivering fair quantities OF wheat NJ, III
mary market receipts last week. after Arrow
ing for Implications in the movement, wefe
not much less than year ago. the visible ne
supply decrease Monday probably WI nov ue
as large as IL was year ngo, notwithstanding
the greatly increased exports. 1t begins 10
appear likely that the visible supply may not
got as small this year as 1t did last, belore
except what they absolutely need, being De.
ternlined to go into the new crop year without
a bushel OF wheat or barrel OF flour
The crop of this country, according TO the
June government report, promises 10 De not
less than O0o bushels. II may run up a 20
700. 900 900 bushels or over: The crop Of 1871
was close to 700 600, goo bushels. though the OIL
fetal estimate was 61l 10000. The official acre
figures this year are 3,OO0,o0o acres greater
thai. they were that year. 1t is doubtful now
ever whether the actual area now is much, II
any greater than II was In 1881. for IL Is
known to have been underestimate then ana
tn government statistician has taken speciai
pains this year to get the figures correct. ~ Is
probable that 700, 000 900 bushels Is Il very I'D
era! estimate of this years yield aud that 1t
will not much exceed 65oOoO,0oO bushels Inc
latter figure will provide and exportabe sur
plus Of not less than 260, 900, 900 bushels--a NIL
lion bushels a week larger than the average
shipment Of the past year There Is no iikeii-
hood. however, that any such quantlty VIII ne
exported, unless prices should be nigh. farm-
ers bins and mllers' storehouses and coun-
try elevators have been emptied Of surplus
whea, this year. These bare places VIII be
filled out of this years crop and oo,0oUU0o TO
100 900 600 bushels can readily disappear in this
way - that even though the 1893 crop may
be the greatest on record, there is no GER
tainty that the quantity of wheat poured out
from, the farms will greatly exceed the move
nient during the past year. The crop OF 1891
was $50 600 900 bushels, according to official
twelve months proves that about 5O.WOOOO
bushels were drawn from reserves of wheat,
SO that the total wheat disposed of in the
twelve months from July /, 1897, to June 30.
lses viii amount to about $50 900. 600 bushels,
Including that used for seed and what country
millers ground II this years crop is TO he
$50 OCT 000 and 80 900 goes into the invisible
reserve, the total amount of wheat in CONNER
ciai channels in the coming year will not
greatly exceed that OF the year now almost
ended.