River Falls journal. [volume] (River Falls, Pierce County, Wis.) 1872-2019, 1873-09-19
BREADSTUFFS OUTLOOK.
Enormous Grain Deficiency in Europe
--ProbabiIity OF the Worlds supplies
EqualIing the Demand.


the actual condition of the European |
harvests, and of the probable require
mants for consumption, have been re
ceived, and are of the highest import
anoe to American producers.
There IS no longer any doubt that
there will be serious deficiency in |
Continental Europe, and that several
which have heretofore been re-
garded as self-suslaiuing, and which
have even produced small surplus
for expectation, will be compelled to
compete for the worlds surplus of
breadstuns--a fact which can scarcely
fail to exercise a certain influence
ON prices. Germany, for example.
which formerly produced a surplus be.
yond the demands for home consump-
ton, has passed into the rank of
importing countries since the war. A
short time since it was confidently
expected that France would be in q
condition to export considerable
quantity OF breadstuffs this year, but
there IS nov no question that that coun-
try will require heavy importations TO
meet deficiencies in the wheat crop,
which are estimated at no less than
twenty-five per cent. below the average.
Some authorities estimate the deiicien-
cy as still larger, and at not less than
one-third the usual yield. From Italy
we learn that the falling off in the
quantity aud quality of wheat in the
South is followed by news of CORE.
spending failures of crops in the central
and northern part of the
Kingdom, resulting in ma.
terlal advance in prices. From
Hungary the reports respecting the
wheat crop are somewhat contradic.
tory, but the conclusion seems to be
well established that the usual exports
from that quarter must be withheld,
with probability even of import re.
qultements, owing to very great de.
ticiency in the rye crop. The maize
crop, an important one in that country,
Is also deficient. The crops in the
entire region of the Lower Danube
are also reported to be deficient, owing
to the excessive heat of the weather.
These reports are important, as
showing that the usual sources of
supply will probably be seriously con-
tracted during the new harvest year,
commencing September LIST, 1878. 1t
is true, the surplus usually yielded by
the Continental nations is COMPARE
lively small, but their unexpected and
probably temporary transfer from the
position of exporters to that of import
ers, cannot fail to exercise an important
influence on the markets by increasing
the competition-for the available stock
remaining, after the supply OF home
wants, frcm the common stock of the
few surplus-producing countries.
The fact, then, seems to be fully
established, that during the new har-
vest year upon which we have lust en-
tered the competition for the worlds
available surplus of breadstutfs will be
sharper and more active than ever.
The probable amount of the require
ments of the non-producing regions
seems to be more clearly and correctly
estimated than the forthcoming sup
plies. In England, Mr.. Thomas Scott,
an acknowledged authority in grain
statistics estimates, that importatlons
OF wheat To the extent of eleven and
hall million quarters (92, 900, 600 bush
els) will be required this year. This
gentlemans figures are entitled to more
consideration from the surprising
accuracy of his former calculations.
About a year ago he estimated that
during the season, which terminated
on the 3lst of August last, England
would require thirteen millions of
quarters of wheat (104, 600, 600 bushelsl.
and the actual importations OF
wheat and flour amounted on the
23d of August, 81 weeks, to
12,3O0, 59l quarters COS, 404, 728 bush
els), with one week to hear from. which
would no doubt bring the exports very
nearly, II not quite, up to MIR. sSeott's
calculations. His estimate, therefore,
that England will require only |, 500, 600 |
quarters OF wheat less than last year
U2,OOO, 600 bnshels) may be regarded
AS correct as is possible for practical
purposes. And this comparative small
reduction in the requirements results
from the effects OF an improvement
IN the potato crop in reducing
the demand for breadstuffs, rather
than from any Increase in the
quality or quantity of the new
~ WI kOtoLL estimates
substantially coincide with those OF
Mr.. Ii. Rams Jackson, who are distin.
guished Tor their knowledge and ac-
enracy IN matters relating to grain and
farming statistics. Ii may be accepted.
therefore, that England, "durine the
year 1874, will require ia million
quarters OF wheat (92, 600. 600 bushelsl.
against 10 million quarters (1Oi, 600, 900
oushels) during the year ending August
81, 1873 "''
The probable French deficiency ;s
more difficult to estimate, and retnrns
must be taken as only approximately
correct. But that the requirements
VIII be very large and much beyond
the demands of former years scarcely
admits of a doubt One AUTHORITY
mr.. j. Layello, of Marseilles. estimnt.
Cd q short time since that France would
require an importation of no les
man ina jOO00,000 hectares of wheat
t52,752, 600 bushels) TO meet tho dea'
ciencles OF the present year This esti.
mated deficiency, sos much beyond the
average, and exceeding the usual
J nnnHll HAfiatana,. II