The true northerner. [volume] (Paw Paw, Mich.) 1855-1920, 1879-07-18

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Italy. Spain, Portugal. ....... ....... % OO0.W
Holland, Belgium and North Germany. q. 0OO, 0Ot
scandinavian States. OBSERVATION-DISCLOSURES. 1OtOO OOC
Total bushels. ...................2s2 coo, 0OC
The probabilities of supplies from
other parts of the world are, in view of
the circumstances and appearances up
to the latest dates, thus given in the
grain publications of England and of
the continent: From Hindoostan, moth
ing on account of the drought; from
Egypt and all the North African coast,
nothing because of the drougth; Cen
trail Europe, including Austria, Hun
gary, Danubian Principalities, and FUR
key, will have no exportable surplus.
The rye crops of Germany and Prussia
proper, owing to partial failure and May
frosts, will be short, and those States
large buyers of wheat. A Berlin merchant
writes that the Russian crops of wheat
and rye will not be as good as last year,
owing to drought in some sections,
floods in others, and locusts. Rye is
the great food crop of Germany and
Russia, and holds higher relative per-
centage of acres than wheat. This
rye crop is expected now not to exceed
60 per cent. of an average season, and
the wheat crop is poorer than last
year. A careful review by a London
writer, under date of June IA, in answer
to the question. us the present season
q good or bad one?" declares that
up to that date it was bad one, and that
from the prospects the crop deficiencies
90 l. -,
England, Spain, and Italy. The ship
ments from Southern Russia do not 60
beyond the Mediterranean ports.
Northern Russia exports but moder-
ately. The imports of Italy, France,
and Great Britain, liberal as they are,
are quickly absorbed. The acreage of
Great Britain is 10 per cent. less than last
year, and the stocks in British cities are
not over 80 per cent. of what they were last
year. Though Marsellles imported from
May 1, 1878, to May, 1879, nearly 3d.
100000 bushels, yet on June Ii that
city had but $4,000, or less than one
weeks supply, in store. Marseilles in
that year impaired nearly as much
wheat as was received in Chicago in
1878, Yet it all passed into consumption.
That importation must be kept up In
order to supply the interior with bread.
The European harvest is much later than
usual, and both England and France
will need all the old wheat they can OBJ
tain for mixing. rrszwr
The situation presented by this array
of circumstances Is that 1t is almost GER
tain that there will be an increased de-
ficiency in the wheat crop of Europe
and in the supplies to be obtained by
the states of Western Europe from the
ordinary Eastern sources. AS the de-
fciency will be greater than ordinary
and the usual sources of supply seriously
diminished there, the Western countries
of Europe must depend upon the United
States to meet this enlarged deficiency
1t is not a question of quality or
price. Those who need bread have not
a choice between this or that source of
supply. The deficiency being estab
hshed, the necessity of supplying it be-
comes imperative. 1t is question Of
quantity, and, for once, the foreign
market will not dictate the price. The
wheat will not be sent abroad for sale !;
it will be purchased here at sellers
prices.
In the matter of food there is no such
thing as retrenchment short of starva-
ton. The appearances now are that the
surplus wheat of the present American
crop, large as it will be, will not be more
than sufficient to meet the foreign
deficiency. If this proves to be
the case, then the price of American
wheat will during the coming year
be greater than it has been for many
seasons The statement from which
we take these facts and figures is that
of gentleman who, however well in
formed on the subject, is interested in
bulling the market. Nevertheless, the
case he makes out seems to be pretty
well fortified, and all those interested
can, as they will, Judge for themselves.