The Wilmington daily Republican. (Wilmington, Del.) 1890-1902, 1899-07-07
WHEAT CROP
OF 1899.
II Will be at Least $780,
100000 Bushels Less
Than Last Years
Crop.

The size Of the wheat crop 1899 Is just
now tho subjsct oi anxious inquiry and
Speculation. The conditions nre such that
the farmer Is justified In looking forward
10 fair prices Tor the presen: crop. Prices
were reasonably good for the crop OF 1898
and from present adviCes the worlds pro-
duction this year will be less than that Of
last year, and with no excessive surplus to
start with. The latest government esti-
mate Of this years cropin the United
States is interpreted by the New York
about 5SB, ,OOo, 600 bushels or about hun
dle ell and twenty million bushels less than
last years crop.
1t will require alb 81 four hundred and
twenly million bushels Tor bread and seed
in this country, leaving hundred anu
fifty million for export, In addition to the
surplus brought over from lass year.
That surplus Is variously estimated at
from fl ty tn n hundred million bushels
During the year ending with the present
month OF June the exports OF wheat VIII
have been something like two hundred
and twenty five millions.
II this amount is roa ohed next year, says
the Bal imore Sun. Ii will consume our
entire product ava liable for export, include
ing large part of tho surplus carried over.
Reports Indicate that at least as nluch
will be demanded this next year by tho
brend importing countries OF Europe ana
with smaller crop in the exporting coun-
tries TO supply it. In England 1t is est.
mated by those who arc well informed
that the worlds whcat crop or 1857 VII, De
from 2i4 0oJ to 32j. 900. 900 bushels less
than that Of 1898. In Southern Russia,
where ,he bulk Of tho great exports come
from, it ia reported that both the wheat
and rye crops have been DESTROYED BY
drought and in other parts in Russia tho
yield Is small.
The last number OF the Mark Lane Ex-
press lho leading authority on the sublact,
summarizes the situation as follows: 'Iho
latest crop reports from Austria Hungary,
Italy and Germany are decidedly favorable
to tho growing wheat. Tho Frohch and
Spanish reports may bo called averhs'
whlo those from Russia, Romanla. Po-
land and Bulgaria are decidedly untavoI-
able"
France will yield, according to the est'-
mates u littls less than last year, and
Great Britains crop is about the average.
in India the crop was light while the OUT
look In Australia Is good. 1t we hro 10
judge by these figures alone here would
be every reason to anticipate strong Tor
eign demand for our wheat. But srarci
OF wLoht is not he only clement eDterlng
inc its market value.
During the whole of this past year there
has been d grievnus bread famine In largo
provinces Of Russia, but tho people are
too poor TO buy broad. Whom tho leo OF
wheat II low millions of people in Europe
ent wheat bread. As soon as it advances
they stop its use md substitute rye. barley
or potatoes and tho yield of these crops is
always to he oonsldeol in connection
witt, ,hc prico of wheat
The pre- Ont reports indicate. however,
that the same co .itions which caused tho
short wheat crop in Europe have orernted
against tho other cereals. In tho uhieh
States it is likely that with good season
the corn crop will exceed the average, be-
cause many wheat folds were ploweu in
the .ping and planted in corn. II tho
price of wheat should advance materially
it is likely that the amount con- -utned III
this country will be largely below the
estimate and the people will use more corn
bread and potatoes.
Upon the whol3 tho PRESENT ou )ok Is
favorable Tor mir prices for tie wheat crop
that is now being harvested, and there
should be Nh increased demand for our
1ouf in Cuba and Porto Rico and Congress
should see TINT tariff duties do rot stand
between us and our markets In those Is
In,,