The Indiana State sentinel. [volume] (Indianapolis) 1868-1895, 1875-09-23

mat country is two snd four-tenths bushel
per lead. Estimating the population at IS,
C5s,O0O, the amount of wheat required wouI,
be %. 5s7, 200 bushels. The latest estimate
of this years product place it between
ninety and one hundred million bushels, O
just about a supply for home consumption
with little or none to export. European
Russia has population 1T present of abou
Is. 600, 600. She feeds an average of two
bushels per cspits, which would consume
at home l5s,O00. 900 bushels. her cror
is estimated at say, &c, 0O0, 900 bushels
enabling her to export some 60,O00, OOC
bushels. Germany consumes three bushels
per head, and her population is set down at
4, 22O, 900. thus requiring approximately
LIS, OO0, 900 bushels of wheat. The outside
figure on her probable crop this year Is I2O,-
oO0,O 900 bushels, and probably not more than
5000, 600 bushels. That would leave Ger
many about 10000, 900 bushels short, at least
showing that she can not export, even if she
is not herself in the market as a buyer.
Germany has not exported any wheat
since 1869, but has in two years i'm
ported over 100000 bushels per annum.
This fact Is due TO an increased coz
sumption per head. Her people are eating
more wheat. Roumanis, or the Daunbian
principalities including Mcldavia and Beg
sarabia has an estimated population of 5000, :
600 which uses three bushels of wheat per
head, thus requiring 100000 bushels for
home consumption. 1t is estimated that
the surplus this year will be in the neigh
/ 10 -
estimated figures which presuppose an
amount of research and labor which the
readers of this article will scarcely
imagine and much less appreciate. Mr..
Delmsr deduces the following summary:
The deficits of the countries named are tor
this year as follows: The United Kingdom
OF Great Britain, 1o7 ,0o0, 900 bushels; France,
5000, 900; Austro Hungarian Empire,
neither deficit nor surplus; Germany, TO-
600 600. A surplus is allowed for Russia IN
Europe Of 100000 bushels; Roumanis,
1000, OO0 This leaves a total deficit for all
Europe, that is, the countries named, of
s., OOO,OO bushels of wheat this year. Mr..
Delmar says:
These figures correspond somewhat with those
of the total exports OF wheat from the United
States. There is, therefore, reason to look for
any wide departure from the usual course of
trade or prices. AT the same time, SO essential
are the contributions of wheat from this coun-
try to Europe, that unless our agriculturists and
merchants supply the European market too
freely from time TO time, they are certain, in my
opinion, to obtain renumerative prices from
this years crop.
Now, looking at home, it is clear that huctu-
atoms and speculations must be based only
on such influences as affect the supply. The
crop OF wheat, such as it is, has been mostly
secured. The extreme north and northwest
is yet exposed to the vicissitudes OF weather
somewhat. Indeed, reports were circulated
within the past few days of damage to the
crops in Minnesota By heavy rains, to which
the market gave slight response, but the
quotations do not justify the rumoIs. Ii
transportation be interrupted or winter
closes 10, or general disposition to hold
back should prevail, temporary changes
may be effected in prices. Just now, the
tendency seems TO be downward, but il sta
sistics are to be relied on, there appears to
be prospect for good demand at fai-
prices. This first comprehensive grasp OF
the principal wheat growing countries must
attract attention, as it is q class of informa-
ton the value of which will be appreciated
in all branches of business and trade.