Lexington weekly intelligencer. (Lexington, Mo.) 1871-1887, 1880-07-31
OUR GREAT GRAIN CROP.
IFrom the n. Y. sub


At this time, when favorable and un-
favorable reports regarding the crops
are manufactured for effect IN wall
street, and when so much interest Is
felt in what are known as the Granger
stocks, careful calculations as to our
probable yield OF grain in 1880 are more
than usually important.
For three years we have produced re-
markable crops, and during the same
period the European crops have been
deficient to an exceptional degree. The
consequence has been that our exports
of wheat and flour have run up to an
average more than twice as great as
that iOr the four years from 1873 to 1871.
Are we likely to have as great sur
plus for export this year? And will the
foreign demand lor it be as large as 1t
was from 1877 up and including the
crop of 1892 In answer to these ques-
tions the Daily Commercial Bulletin
presents statistics and estimates OF the
wheat product which are worth careful
consideration.
The Weld for 1879 was 449 900 900
bushels, the largest crop ever gathered
| in the United States; the average crop
for the four years next preceding having
been 293 900, 900 bushels. The product
of this year is likely to exceed that OF
1879, all reports to the contrary not
withstanding. There is an increased
acreage under cultivation; the weather
has been favorable on the averagei ana
disasters to the growing crops have 50
far been confined to Jew localities.
The wheat was never in better con-
dition.
The Bulletin, therefore. estimates the
wheat crop Tor 1880 at $4,000 900 bush
els. ten per cent. more than the yield o
last year. Deducting from this tota
25O, 900 900 bushels tor home consump
tion and for seed, which is 80 .OOO, ,OOt
: bushels more than the average iron
1873 to 1875, there remains surplu
expectation OF PA 000,0 900 bushels.
What are the chances OF our maxim!
J profitable disposition OF such an enor
t nous surplus? If our exports OF whea
k. and flour equal those OF last year
there will still remain large supply OF
hand, according to this estimate, In
estimated exports for 1880 amount t
. a total of 100000 bushels, and tn
- average of the three years from 1871 I
% 1880 is lac. O.OOO.O 900 bushels.
But these exports took place durln
% wears when the European crops wei
g successively deficient, during exception
If al wears. and 1t would not be safe to
~ sumo that they will be equalled in 18e
- and 1881. The European wheat harve
III promises well this season, though OF
Of REPORTS come from Russia. We mu
r. base our calculations on that probabilit
r. Our average exports OF wheat al
flour during the four years next prece
's' ing the three short crops OF Euro
were 72, STE, 900 bushels, and the hlghe
an amount, that in 1884 was 81 ,4OO.O
~, bushels. Ii our exports for this ye
do not exceed the average tor tho
'el wears. we shall therefore have RENAL
to der oi over 17O, 600, 900 bushels accol
ss. ing to the Bulletins estimate OF
crop, even after deducting the quaint
rennred for seed and Tor home &C
sumption.
ta. But the stocks OF wheat in Europe
be now greatly depleted, and to MI I'M
M .n up a large quantity must be taken ir'
Gil the United States. Allowing lloera
Tor that, there would still remain in Q
ere granaries surplus of 1OO,OOO,OO0 bu
Tho els. Even If the average exports OF
past three years, the years OF bad Gre
lay in Europe, we're kept up, there wo'
nee be large surplus.
go. These estimates 90 TO confirm
ora opinion we have repeatedly express
e that prices for gram are likely to ial
wa extraordinarily low figures before
ant year is out. The crop may not be qr
SO large as the Bulletin anticipates
ar the probabilities are that our farm
will haua to suffer from the consequ
on ces of markets overloaded with srair