The Outlook For Wheat

There is unusual interest in regard to wlieat owing to tlie certainty of a ready sale abroad for tlie surplus yield at a good price. The situation is flgured out as follows : Julj' I, lS97,old wlieat (bushels) 4n,P(K)0(K) Ne iv erop 520,01 i IJ ' Total supply 560,000,000 Dediict food and seed fi70,00i',000 Available for export 150,000,000 Reserve 40.000,000 Total 560,000,000 These figures allow for a erop of 300,000,000 bushels of winter heat and 220,000,000 bushels of spring wheat and for practical ly the same exports as in tlie last year. Botli the wheat erop and rye erop of Russia will be smaller tlian last year. Tlie wheat erop of France will be 40,000,000 to 50,000,000 bushels less tlian last year. Roumania and Bulgaria will not have more than half as much wheat for export as last year. Hungary and the United Kingdom will also have less whcat. Before Europe receives any new wheat its stocks will be greatly reduced and the (Iemand upon this country will inevitably be large. Thoinan, who has possibly been more nearly right than anybody else in his estimates of the crops in the last five years, says that winter wheat conditions have improved enough in June to increase the yield 30,000,000 bushels. He makes the increase in the acreage of spring wheat 22 per cent and the probable erop 229,000,000 bushels. The leaders in the stock market have all along insisted that the outlook for wheat warranted higher prices for stocks because it furnished assurance of a large tonnage for the railroads. Thoman makes the corn erop about 15 aer cent below last year. There is a vast amount of oíd corn on hand. "A History of Our Own Times" of which tlie Harper's are soon to issue a new welcome, has already placed Mr. McCarthy amoug the most prominent of modern historical writers, and added ustre to a career marked by couspicuous successes in literature, politics, and journalisui. Born in the city of Cork, Ireland, iu 1830, Mr. McCarthy received there his education and liis irst journalistic training. He tlien became associated with the Liverpool Times, which' he left in 1800 to begin lis career in London as a reporter on he Morning Star. From 1864 till 1868 he was editor of the Star, and during the next three years he travelled in in this country, studying our institutions and contributing extensively to the English and American periodicals. In 1879 he was elected a member of Parliameut, where he has distinguished himself as one of the ablest champions of Home Rule, succeeding Mr. Parnell for five years as leader of the Irish party, and where he has been estimated for devotion to his cause, for moderation, and for his superior qualities of character and mind. In literature he won his earliest f ame through his essays and his fiction, which is marked by spirit and cleverness; but it is on his great achievements in "A History of Our Own Times" that his best reputation is established. H. AV.iirt Newkiii-k h.as selecled aa elegant mantel for lxils new house, ■from J. F. Sdhuh's new efcock.