The Democratic advocate. [volume] (Westminster, Md.) 1865-1972, 1873-10-04
Wheat at Home and Abroad.

countries OF Europe. While Russia and
the wheat-growing regions in that section
will have fair yield of what, the def
cheney in England and France is put at
such figures as TO make its full supply n
matter of grave doubt on the part of those
who have studied the matter in all its as
poets and bearings In England the area
Of wheat planted for this year is estimated
at three million two hundred thousand
acres, or about one-half more than the
acreage under wheat in the State of Hi
nois. The estimated yield Of the English
wheat crop is this season at the rate Of
twenty-four bushels an acre, or onc-fifth
below the average. This gives an aggre-
gate crop Of 76, 800, 900 bushels, or about
one-fourth Of what we are accustomed TO
regard as the gross yield of wheat in the
United States. But the gross consump-
tion Of wheat in Great Britain, if the price
be moderate, is not less than lS6,000,00
bushels. Between this and the estimated
crop of the year, there is a deficiency to
be supplied from abroad of 109,200,00O
bushels. In other words, England will
need heavy supply of wheat from this
country-almost all we can spare, while
at the same time, at least forty-eight mil
lions of bushels will be required by France
to fill up the halfflled granaries.
The probabilities now are that England
and France will require in 1873, about one
hundred aud fifty seven million bushels of
wheat. Where will it come from ? In
years Of full harvests Russia has been able
to send Great Britain, in wheat and -four,
about 50,000,000 bushels; Germany has
sent about l2,00O,O00, and Canada not
over 100000 bushels. These figures, it
must be remembered, apply to years when
France was not competing country.
Even were it possible that they should be
repeated now, they would still leave Great
Britain over 100000 bushels short Of
her actual wants During the last four
years the average imports Of foreign wheat
and -four into Great Britain amounted to
10000, 900 bushels For the year ending
June 80, 1870, there was received of wheat
and -four from the United States an ag-
gate of 5000, 900 bushels in the follow
ing year it sank to 2S,000,000, and for
the year ending June 30, 1872, the re-
ceipts from this country did not exceed
20,000,000 bushels. The crop of this
year is excellent, and as a whole the wheat
yield marks nincty-fye. There is a man
ifest improvement over last year in Min
nesota, Wisconsin, Missouri, Kansas, Ohio,
Pennsylvania aud New jersey. The av-
crage of Illinois, Iowa and Michigan differ
little from those of 1872 California and
Indiana are less favored. The States in
which more than average yield of wheat
per acre is indicated by the September
reports are Minnesota, Wisconsin, Ne
braska and Oregon in the West, and
New Jersey, Pennsylvania, Connecticut
and Massachusetts in the East
The increased breadth in wheat will
place the total quantity in several other
States above the usual product and give
larger aggregate for the crop of the
United States than was secured in 1872.
The quality is generally superior. In
most localities the grain yields better in
the spring than was expected. In New
York thirty three counties out Of thirty
five reported make returns of average or
poor yields, and every Southern State fails
to make an average crop. Iowa claims an
average yield upon large area, as do Mis-
souri, and Kansas. Ohio and Michigan
came very near an average yield. Illinois
reports indicate seven per cent. less than
average, and Indiana and Kentuckya still
greater depreciation. In Pennsylvania the
area of wheat planted was large and the
yield per acre greater than has been har-
vested for some years. Asa whole, then,
the wheat yield Of the country is satisfac-
tory.
We will have II large margin over our
wants, and that will find ready market
in England and France at fair prices, and
the money return supply deficiency in
that line in the United States. With
good harvests, steady demand for our
surplus, an absence of overtrading, sound
condition of our merchants, manufacturers
and business men, our mines yielding
steadily and Il constant sale for this char
acter of natural wealth, the present state
of affairs should only be temporary in its
effects. The railroads of the nation may
have been pushed beyond paying demands
of the present. 1t is likely they have,
That fact has pulled down those who were
heavily loaded with this class of securities,
and disturbed all kinds of business. But
the merchants, manufacturers and others
stand firm, and they will be relieved by
the sales of our breadstuffs over the water.
On the whole, there is no cause for panic
in the country. There are immense re-
sources to be called upon in the u States,
and when they are ordered to the front
the substantial business interests of the
country will be secured from all possible
danger. The only thing to be guarded
against at this time is a panic. If bust
ness men will face the exigency and frown
down all sensational rumors, the crisis will
soon pass away and the wheels of trade
run in the old ruts again. With a full
harvest in this country and full demand
from abroad there can be no permanent
financial disturbance in the nation.