New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1880-08-09
TILE VIII, WHEAT CHOP.

Though the harvesting of wheat in the
northern portions of Minnesota and Dakota
is not vet finished, and the increase of yield
in those sections Is expected to be very large
there is no longer reason to doubt that
crop of wheat much larger than that OF last
wear has been saved. The estimates OF ag-
gregate yield still differ very widely. But 1t is
truly remarked by the statstician of the Pro-
duce Exchange that ga large crop Is almost
always estimated too large and those who
are expectlng "A crop Of j5O,000,000 bushels
this year will probably be disappointed. Adj
herring to the conservative estimates hitherto
given by us, which do not appear to need
modification in the light of the news of the
past week. excepting as possibilities of disas-
ter then kept in view have now passed,
it may be presumed that tho crop
will probably reach 4SO,OOO,OOO and
may reach 49O,OOO,00O bushels. The
quality of spring wheat may prove not
quite so good as that Of last years growth,
but is nevertheless thought to be generally
satisfactory. Having a crop exceeding by
80 ZOO, 900 to 100000 bushels the previ-
ously unprecedented crop of 1879, the cOun-
| try will require for its own use, to meet in
creased demands for seeding and for food, and
to fill up stores now unusually depleted, per-
hans 2O0OO,O 900 bushels more than were re-
CURED from the crop of 1879, and then there
will remain for export at least 100, 900, 600 or
200, 100000 bushels.
The reports as to the condition of the crops
in Europe are by no means so favorable to
American growers as they were some weeks
ago. Most of the crop in France has been
- =, Il TO ha t,,t ho
age in quantity. Recent storms in some parts
of Great Britain have done much damage to
the grain, and yet the prospect at latest
mail dates was considered generally good.
| The yield will probably fall below the
average, but will be much larger than that
of last year. Reports from Germany are fair
for wheat Italy expects bountful yield.
and in Roumania and Hungary the promise
is good Thus the yield i'll Europe, except
ing in Russia, appears likely to be decidedly
larger than that OF 1879 and the course of
prices in Mark Lane shows that the ascer-
tanned surplus Ill this country Is expected to
be more than sufficient to meet all demands
| from Europe Tidings from Russia are ex-
| ceedngly conflicting. The report that prohibi-
ton of grain exports was contemplated has been
authoritatively contradicted, and, though it is
| conceded that the yield will be much smaller
| than it was last year, it must be remembered
| that the official reports show that 80, 1872 7O4
| bushels of wheat were exported from Russia
in 1879. The ascertained deficit of yield this
wear in forty districts, said i'll one report to
be ZOO, 900 Quarters" may probably mean
only 9. 700. 900 bushels, because in the same
report, as forwarded to this country, Quarters -
are repeatedly mentioned when bushels are
obviously meant. A shipping house at Odessa
writes that the crops of 1880 will he on the
whole satisfactory. while IA correspondent of
| The London Miller, writing at tho same date,
reports general and serious injury. Perhaps
| the best evidence is that at the latest dates
the price of wheat at Odessa had materially
| declined.
The export movement from this country,
which was remarkably large short time
since. has been arrested by the high rates
demanded for ocean freight. AT one time
last week 1912 cents was demanded fIom
New-York to Liverpool, while the charge
| from Chicago to New York by lake or canal
was only 12l2 cents. If tho figures
were reversed the charges would be
| more reasonable But the excessive
demands of transporters quickly work their
own defeat, and the demand for freight-rOom
no longer equals the supply. SO that reduc-
ton Of rates is expected. The stores of wheat