Arizona republican., 1899-08-10
Relative Importance Between Agriculture and Manufacture.
THE EFFECT ON COMMERCE
The Present Industrial Boom is More to inc Prosperity Of inc Country Than All inc Benefits inc Agricultural Situation IS Likely to Offer for Years The Prospect is Gratifying.

New York. Aug. 9.-(sreuaD The
 week has been more or less T auiet
 one in Wall Street. Men influential in
 financial affairs are abroad. at the sea
 shore or in the mountains. enjoying
 their prosperity and calculating upon
 l's'turEing to a season of greater activi-
 ty during the fall months. Let us
 consider how far such exectations are
 consider how far such expectations
 are justified:
 By common consent the course of
 tine market has for years been mainly
 influenced at this season by crop con
 Gftions. l. Is altogether too early vet
 to form any positive opinions as to the
 final yield of the principal cro ps: but
 of wheat corn and cotton there is every
 prospect of a sufficiency to mee. our own and foreign requirements. Whea. las been the chief subject of anxiety.
 because Of elrly injuries both at hone
 and abroad. The most conservative estimates indicate yield this ear.of not less than 56O.00O,OOO bushels. pos sibly more, compared with 75.0O0. 600 last year. In view however. Of the surplus left over from previous crops. it is expected that we shall have avail
 able for export at least 100000 .OGO bushels against 222, ,OOO, GOO bushels last year, which was next to the largest year of wheat exports in our history. IL is questionable, therefore, if larg- CT wheat crop would be an advantages; for there is 10 prospect of serious scar city in the worlds supply. and a sec Ond bumper crop might be disastrous to farmers if low prices followed As to corn, much depends upon the nexr few weeks: the present outlook being for crop of over 100000, ,OOO bushels compared with 1.924OOO.O0 bushels in 1898 Cotton. according to an average astimaje, promises a crop of 11H mil lion bales, or about the same as last year. Thus. while the crop situatio affords no basis for eNtravagant ex- pectatioEs. it certainly promises the farmers over I large section of ,he country results above the average. par ticuiarly when ;ghe better prices Gow nealized are taken into consideration, We are at least sure of good foreign demand for our wheat for the second year in succession. This is all that can be said of the agricultural situa- tion
 Now let us look at industrial condi- lions. Sufficient consideration has not been accorded the fact that the United States is more under the infiuence of industrial affairs than ever before. For years it has been tine custom of mer- chants and bankers to formulate their rlans upon the prospects and results of q agrfculture. Without in any degree wishing to underrate the importance of the latter. it is necessary to keep iE sight the wonderful march of industry. We are rapidly passing from an agri- cultural into manufacturing poPtlla,- ;ion. In 1880 there were 7.600.O0O per sons employed in agriculture and B. 100000 ill manufacturing. In 1890 tEe totals were S.4O0,OOO and 5.O90.- }00 respectively. During this ten +I. ;D. according to the census. was 9 per cent: the increase in agricultural em- )loyments being only 10 per cent, while that in manufa curing was nearly 50 per cent. The next census will certainly show very much larger leve3oment of industry. Figures could )e added showing that agriculture has title more than held its own during he past ten or twenty years, while he mineral and manufacturing indus ries have doubled and QuadTupled heir produce many times over during he same period The object of these emarks is to impress upon the reader he importance of the industrial 'boom' which the country is now ex- ,eriencing. and which has never been It far outweighs in inn ,ortance in the sum total of prosper ry any increased benefits that the az icuitural situation is likely 10 offer. n the iron trade and in its various ranches extraordinary conditions pre- ail. Furnaces and tiills are runniag