The Kenosha telegraph. [volume] (Kenosha, Wis.) 1860-1888, 1879-07-17


reduced to wheat, for the weeks ending
June 25 and July we're as follows-in
bushels:
June g. July g.
Great Britain ...............13 0.744 356,B7
France ..,.... 764540 SOB 164
Holland and Belgium. . 159,92S 1S1 .299
Spain and PORTUGAL. $1,000. 12359 lou,5Sl
West Indies and South AM 1886 90 800
Italy,. .............. 3l.6OO rs 40
Hamburg .........., SG09 1851
Total bushels 2434,S56 3,405 1893
We are furnished with the following
figures as to the probable future wants
of Western Europe-that is, for the
year following the harvest of 1879. The
estimate is made up from the London
grain circulars as to the supply of
wheat which will be needed to supply
the deficiency in the crops of the states
named:
Bushels
Great Britain .112, 10000
france. .1O0 UO0 OUC
Italy. Spain, Portugal. ....... ......... % 000O0
Holland, Belgium and North Germany IS 600
Total bushels. .....................2 72 000, OC0
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 Hlndoostan, moth
ing on account of the drought; from
Egypt and all the North African coast,
nothing because of the drought; Cen
trail Europe, including Austria, Hun
gary, Danubian Princlpalities, and Tur-
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 London
writer, under date of June IA, in answer
to the question. "Is the present season
a good or a bad one2" declares that
up to that date it was bad one, and that
from the prospects the crop-defciencies
of Europe will be serious in France,
England, Spain, and Italy. The ship
ments from Southern Russia do not go
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 Top cent. less than last
year, and the stocks in British cities are
not over50 per cent.of what they were last
year. Though Malsellles imported from
May l, 1878, to May, 1879, nearly &c.
100000 bushels yet on June Ii that
city had but $4,000, or less than one
weeks supply, in store. Marseilles in
that year imported 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.
The situation presented by this array
OF circumstances is that it is almost GER
tain that there will be an increased de-
tclency 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 question of quality or
price. Those who need bread have not
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. .e..4.t tf-- ~qr.
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.