The Democratic advocate. [volume] (Westminster, Md.) 1865-1972, 1879-07-19
Demand for American Wheat.


We find in the Chicago Tribune some plans
ible facts and figures going to demonstrate
that there is not likely to be an early fall in
the price of wheat. The deficiency in this
year European crops makes it apparent, ac-
cording TO the estimates Of the London grain
circulars, that we shall be called upon to ex.
port of the harvest Of 1879 the enormous
amount of ~, 900, 900 bushels, all of which
will be absorbed in Great Britain, France,
Italy, Spain, Portugal, Holland, Belgium,
North Germany, Denmark, Norway and Swe-
den. In each of these countries the outlook
TOR the home product is very diseouraging,
and the same thing may be said OF osher parts
Of the world, except the United States, from
which they have been accustomed to draw
supplies in time Of dearth. From Hindostan,
Egypt and the North African coast compara.
lively nothing will be exported, on account OF
the drought; and Central Europe, including
Austria, Hungary, the Danuban Principal.
ties aud Turkey, will have very little to spare.
Northern Russia will have no exportable sur.
plus. The rye crops Of Germany and Russia
proper, owing TO partial failure and May
irosts, will be short, and those states must be
large buyers of wheat. A Berlin merchant
writes that the Russian crops Of wheat and
rye will not be as good as last year, because of
locusts. Rye is the great food crop in Ger
many and Russia, and occupies larger per
centage Of acreage than wheat. This rye
crop IS expected now not TO exceed 20 per
cent. OF an average season, and The wheat
crop is poorer than in 1878. The most recent
dispatches by cable rather increase the gloom
mess Of long and careful review made in
London three weeks ago. Ii was then de-
clared that there would be serious shortness
in the wheat yield in Fra &c, England, Spain
and Italy. The shipments from Southern
Russia v i'll not 60 beyond the Mediterranean
ports. Northern Russia usually exports but
moderately. The imports Of Italy, France
aud Great Britain, liberal as they are, are
speedily absorbed. The acreage Of Great
Britain is 10 per cent. less than last year, and
the stocks in British cities are now not over
so per cent. Of what they were twelve months
ago.
Even the most casual reader will notice
that the above are the views Of those who are
interested 10 bulling the market; but the facts
are pretty well snbslantiated aud the reason
ing from them is logically direct IL Is
scarcely doubtful that there will be an inereas.
ed deficiency in the wheat crop of Europe
and in the supplies for which Western Eu-
rope has been accustomed TO look to the or
binary Eastern sources. As the deficiency
will be so great and the usual sources Of supply
so much diminished there, the western eoun.
tries Of Europe must depend upon the United
States 10 meet this enlarged deficiency. And
the most Important point, so far as the pro.
dncefs, handlers and shippers in America are
concerned, is that, il being question Of
quantity, the foreign market will for once moi
dictate the price OF wheat. Instead of being
semi ahrnad for sala Il will ha ,.,,.cho..J
here al the sellers prices. The appearances
now arc that the surplus Of the present Amer.
lean crop, large as i will be, will not more
than suffice TO meet the foreign deficiency.
If this be the case, then the price of American
wheat during the coming year will be greater
than Il has been iog many seasons. Farmers
must got their share Of the profits, railroads
and cana's reap the benefit OF brisk trans
portasion business, and the shippers at the
seaports have their hands fall Of work. - Bal
iimore ABierieaa.