The Evening statesman. [volume] (Walla Walla, Wash.) 1903-1910, 1905-08-18

BUYERS ARE HOLDING OFF
WILL NOT MAKE ACTIVE CAM
PAIGN FOR WHEAT UNTIL
AFTER HARVEST.
Foreign Crop Reports Show That
Yield Will be Good In Wheat
Producing Countries.

with the easing OIL VI the san
Francisco market exporters have
finally dropped their quotations to the
export level, and are offering zoe for
club and 74c for bluestem. Upon
this basis the situation presents a de-
cidedly quiet aspect, says the West
Coast Trade printed at Tacoma.
Holders are apparently of the opin-
ion that values have reached bottom,
and as most growers are in fore
handed position, as the result of good
crops and good prices, they are selling
only in driblets. Anticipating these
conditions, buyers are also holding off
in preparation for an active campaign,
until the harvest shall have been
generally secured. The mills are gen.
orally provided with wheat for their
immediate needs, and while such pur-
chases as are being made on this &C
count are at a premium of one or two
cents, the volume of trading is not of
particular consequence.
Threshing returns are coming in
somewhat variable. There are Sec
the results are disappointing the ex-
pectations of week ago, and on the
whole, the yield of Whitman county
will be below present predictions. On
the whole, however, Washington and
the Pacific northwest, will market
an excellent crop, running we'll in ex-
cess of that of last year, and the bulk
of the yield will probably go abroad
through North Pacific ports, after
satisfying the wants of California,
though the Orient promises to COM
pete in a limited way with Europe
in purchases.
While speculative markets have
been on a weather an crop news basis
for some time the general tendency
has been toward a lower level, with
occasional rallies. With crop of
4UO,UUU,UOU DuSnelS VI "Alloi "iAoo'
alerady secured, and a fair spring
wheat prospect despite the reports OF
rust and damage from other sources,
there is a tendency towards conserv-
atism, and the export market is once
more becoming a prevailing factor in
the price-making.
The foreign crop reports to the de-
partment of agriculture announce that
in the countries of largest proiuc-
ton the crops of the principal bread
grains cannot be called abundant, but
on a general survey of the field 1t
seems probable that the harvest of
1905 will not on the whole be bad
one
In Great Britain and Ireland the
area under wheat is estimated at
100000 acres, and the yield at 63,-
acre, against an area last year of
1,4OO. 900 acres and a yield of 39,000,-
900 bushels, or less than % bushels
pre- acre.
The area under wheat in Manitoba
and the Northwest Territories is full
ly 10 per cent larger than ever before.
The acreage there is placed at 4,OOO,-
900 and the crop at 100000 or So
10000: by some even as high as 100,-
OOO, 900 bushels. In Argentine there
is a good crop outlook and the area
of winter grain appears to be much
larger than last year.
In Australia the outlook is more
promising than in ten years.
Despite the unfavorable weather re-
ports, the outlook in Germany last
month seemed fair.
In Russia the crop prospects remain
generally satisfactory, the winter
yield promising nearly average and
the spring grains an average yield. In
Russia it is not certain whether wni-
ter wheat or winter rye can be set
down as average crops.
In Hungary the prospect was con-
siderably worse than in June, but the
total grain crop promised to be larger
than last wear