New-York tribune., 1901-06-12
more Germans. They can help us and we can
help them.
WIDESPREAD INFLUENCE OF WHEAT.

heavy wheat crop this year is by no means
restricted in its influence to the farmers and
those Immediately connected with this agricult-
Ira pursuit. but an unusual extent will facil-
itate the march of prosperity throughout the
entire country. During the last few weeks there
has been much anxiety regarding conditions on
the farms from which emanated the customary
rumors of extensive injury from insects and
elements for anything less than an average
crop meant a reduced freight movement by the
railroads not only Of grain away from the
farms. but of supplies purchased by wheat rails
ers and others in those sections whose success
depends on the funds put in circulation by grow
ers of grain. The latter item is becoming a
factor of vital Importance. In recent years the
agricultural population has taken freely of
manufactured goods & we'll staple articles.
and any misfortune on the farms is quickly re-
fected in commercial channels.
AS examples. the light yield in spring wheat
States last year practically shut off splendid
market for fur goods of all kinds that had been
secured by Eastern manufacturers. while the
bright outlook in all wheat growing sections
early this season brought to makers Of agri-
cultural implements harvesting machinery, etc,
the heaviest orders ever received so that freight
trains going west with these products were elab-
orately decorated and created much enthusiasm
along the route Railway earnings. which have
of late steadily shown large gains over pre-
vious years. greatly dependent this fac
tor. and the stock market owed much of it's
strength to the prospective business of rail
roads. either directly indirectly due to the
wheat crop. 1t has been frequently stated that
the movement of merchandise west has attained
such large volume that even with much less
grain to move east the roads assured of
heavy tonnage. The former is only a
cOmitant OF the latter, however, is quickly
where the yield is light. and traders in
Wall Street show their knowledge of the situa-
ton by selling the grangers when the crop out
look is gloomy.
Moreover. there is every reason to hope that
with bumper crop there will be
turn to the low prices of 1894. when 5fA cents
quoted at this city although the total yield
was 200Oo0H00 bushels less than is in
dicated for 1901. While the per capita cOnsump-
tion in this country has not increased material
ly. there is a larger population to feed. but far
more important in it's influence quotations is
the increased demand from other nations. Con-
t:nental Europe has become greater wheat con-
sumer discarding rye and the cheaper grains
wherever conditions have improved sufficiently
TO make this possible while the Far East and
South are also buying more freely. In other
surplus countries there is less promise of heavy
usually raise sufficient for their own needs have
experienced disaster. and may be included
among the purchasers in the markets of the
world
The Importance Of wheat In the foreign com
merce OF this nation is shown by exports in ten
months of the current fiscal year aggregatng
lT26-4 SGo bushels. valued al Sl32,Jo5,59S. or
over - per cent OF the entire international
trade balance In favor Of this country for that
period. Since May I the movement has been
stm more satisfactory, although official statis-
tics not available. With such out
side market assured. it will not he difficult To
dispose OF even the enormous crop indicated by
the report OF the Department of Agriculture
just made public According TO Its figures of
acreage and condition the total wheat yield will
he about 6T5OsDOoo bushels. equal TO the
greatest crop ever grown. During the last four
weeks the American visible supply has de-
creased 1o469"po bushels and IL looks as
though the new crop year would open with only
about thirty million bushels in sight