New-York tribune., 1868-06-27
THE CROPS.

NIessrs II. d. Walbridge g. Co., in their cir
cular Of yesterday the condition Of the wheat crop
say;
The cstmated average yearly consumption Of wheat in
Se & Brisan and Ireland in average seasons and at
NSee corn and bread pri, rs ruling therein jcludiDo
q cSo an IA, orters 2OOO00 bushels for seed, put
estinated average v VI is stated at 1OOO0OO bushels;
but owing less breadth sou tne snort Yield per acre,
aud light weight per imperial busne ana ilhg INTO Que
consideration the fine condition, tue ueIcu? IN uo
crop Of 1867 was estimated have been one5Eth or
17lO0. 100000 bushels-tota l2000OF9 Du5nels Esu-
mated prediction less than estimated requirements
Slc,SO.OCO bushels.
The crop Of 1881 however was harvested full two two
weeks than in average seasons hence CONSUMPTION
was that much longer from the crop OF le60 ana ev
cry fornighs consumption the basis stated involved
800 COO bushels The stock Of old wheat in farmers
hands estimated at harvest time ls69 at 100000
Guiding both foreign wheat aud -four unknown lOsoO'-
600 bushels; estimate required import foI inc ceIe year
into the United Kingdom OF wheat ana no rom thc ISL
September 1861 it June 1853 months were equya-
lent TO 5s6OoO bushels leaving required for The remain.
ing three months Of the cereal year. lOZ1 90 bushels
mach less at harvest time in 1867 than at the
time in 1885, the crop OF 1896 was estimated 70 nave
been equally light with that of 1857, and the importaons
6s5T3s00 bushels 4O20 bushels tcs than during hc
first nine months OF the present cereal year.
re Is not 10 be overlooked that vegetation ia the British
Isles this three TO cur weeks 10 advance OF or
dinary years, and il Is stated hat not or peioa OF 81
wears has wheat crop been in ear so carly rs TINS year
Reckoning the average time OF mo maturity OF lhe gam
ness as six TO seven weeks, and the harvest In the
mence the second week in July Win such prospects
we thLk going fully safe in estimating tlat mar
average seasons which, realized wOnd further cut Off
consumption the crop OF 1867 GOO bushels leaving
Months of The cereal year S2OOO bushels instead OF
IO22IO0O bushels, provided OF course, all the Weat
Now, the mail advices received in London up to tho
9th inst showed that on passage to the potts Oi az
%ee s1d orSo R and the balance chiefly from the Black
& nd Mp1lf
4sOOO bushels each and the latter at 24OO gives eJ4U
bnsbeis as afoat on sangyesses at that date which
0naniity will be further increased by similar operations
in time 10 reach England before the ISL OF september
next and 10 when may I a1 3s Ge d II tpt W.T. he Back
Sea and Mediterrapean, ue Az2Yl ilS panupS anu .lo
Baltic ports dnrng the months OF me- @ nn @ ~ re
British were fair way OF beng pIOFaued iQ m t ahe
showing short stocks and crops almost Invariably give
to- OF the opinion that lf when larry slIed,
they show deficiency tho probabilities arc very strong
that there Is none but the contrary some surplus may
reasonably be looked for especially in seasons of scarcity
and extravaganty high prices, such Europe is now
passinS t6ro1gb and Which materially lessons both
sumption and waste, and for which IN inc foregoing
figures allowance whatever has been made.
In relation 20 the distant future OF the market the ab
normal character OF the trade since 1865 does not appear
20 furnish any reliable basis for calculations as 10 It's
probable future course but il turn back 10 the latter
part Of lSS ali OF 1861 aud the earlier portion Of 1865
age but not excessive We find the gold value Of Spring
wheat ruling IN the market at about 81 per bushe the
fall of the gold premium With great uniformity and with
out important fluctuations from other OF course
we do expect TO see the price drop this equivalent
during the coming campaign but the problem for sOu
tOn Is how much additional price is 20 bc enforced by
OF the exhaustion IN European stocks on the one
hand or allowance made On account OF increase Of
age under cultivation eyeTywhere on the other.
IL is 70 be borne In mind that California, with her In
creaSng prOducIOD estimated TO reach Of bush
els the present season, to play no unmpotant part in
tho future OF the Wheat trade and that with the Teaz
tOn OF the great abundance now promised In America
and keeping IN view the fact that we have already sur
pus the aggregate export OF the Atlantic and Pacific
ports will have important bearing on the English mar
kets, and materially assist toward making good any de-
hciency in old stocks with which the British may reach
the ingathering OF the coming harvest.
The price Of the California crop, when moving neely
Is expected TO sell 10 about co. gold, per 90 ~ and
der date the Sd ns advised OF sales OF 900 tun
or 10000 bus for early July delivery at San Francisco
st TO- gold, per 100 D. AT this latter price, and freight
e 80 per tun OF 30 %, 10 Liverpool the current rate.