New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1880-07-19
TILL THEFT CROP OF 1880.

|
the weather reports were thought to indicate
| a material decrease in the yield OF wheat AT
the close of the week there was equal haste 10
buy the same stocks, because cooler and more
favorable weather was said to have greatly
improved the condition of the crop. Early IN
the week, it was thought that crops in Europe
were 10 be quite large later In the week,
reports of severe storms in England and
| France. and OF general damage to the
| gram in Russia, caused belief that the foreign
demand for the American surplus would be
nearly or quite as large as it has been during
the past year. 1t is probable that In both re-
spects the prevailing expectations were
exaggerated. But the news ms to the growing
crop in this country is decidedly more favor
| able than 1t was week ago. just at this
critical period the fact that a week has passed
without serious actual damage is i'll itself assur-
ance that many million bushels have been
| placed beyond the reach of harm. Within two
weeks more. if no extensive injury Is sustained
! il will be measurably certain that the crop OF
1880 will be larger than that of 1879.
Harvesting has fairly begun as far north as
the upper line of Illinois and Nebraska, and
the yield in Central Iowa is reported rs prob
ably one-third larger than that of last year.
In Illinois, according to the State Board of
Agriculture, the acreage of wheat is 20 per
cent greater than in 1879. and, though some
injury has been sustained since July 1, it is
thought that the yield will exceed that of
1879 by 100000 bushels or more The Of
fetal report of the State of Michigan shows an
increase Of 233, 481 acres, or 10 per cent, and
present advces seem to justify the expectation
that the yield will be increased 100000
bushels. Indiana and Ohio have saved crop as
large or larger, il is believed than that of 1879,
and the yield in Missouri, Kansas and Ne
braska has undoubtedly been larger. The
possibility of injury and decrease III yield is
therefore confined mainly to Wisconsin, Min
nesota and upper Iowa, and the more favor
able reports since the 18th give much reason
to hope that the loss in condition, even in
those States, may be compensated 10y the known
and considerable increase in acreage. In the
territories, too, it is known that the planted
has been much greater than it was last year,
and there are as yet no reports indicating
that the yield will not be cOrrespondingly IN
creased. From California kilograms Of the
18th report that the yield will be very heavy,
and that increased acreage will make up for
any injury sustained in some localities from
unfavorabe weather. This review of the sit
uation at latest advlces must not be accepted,
| however, without due consideration of the
| fact that, for nearly two weeks longer, the
situation will be critical, and nothing can be
confidently predicted as to the yield in the
vastly productive regions lying north OF the
line already reached by the harvesters.
Out of 449 ,OOO,O bushels of wheat, said
| H. tI,o ant IF pul tupn 70 how
been grown in 1879. Wisconsin produced
! 2O,50O, OOO, Minnesota 31,S00,00O and the
| Northern fourth of Iowa probably about
| 100000 bushels, the whole State having
produced 80, 100000. Hence, the portion of
the crop that is still in doubt is about
| GO,3OO, 900 bushels. If only half of a crop
should be realized in this region, the loss
would be $4,000 600 bushels, or not more
than the probable increase in other States,
so that the aggregate yield would even
then be nearly or quite as great as in 1879.
| Injury is still possible in Michigan, and pOr-
| ti0ns of Nebraska and the Territories, though
no threatening reports as to those sections
have thus far appeared. Perhaps the closest
estimate that can now be made with reason is
that the crop might possibly be reduced by
unexpected injury in Michigan and the Terri
tories, and the loss of two-thirds of the grain
| in Wisconsin, Minnesota and Northern Iowa.
| to about 420, 900 900 bushels; that it might
| possibly be increased by favorable weather
| from this time until the end Of the harvest
| ing to 100000 900 bushels; and that the
probabilities at present point to yield not
materially greater or less than that of 1879,
namely about $50, 900, 900 bushels.
1t is still too early to form any opinion of
much value as to the crops in Europe. If the
report proves true, however, that the injury
to the crop in Russia is SO great that there
will be no surplus for export, or no exports
permitted, that change alone will increase by
nearly so, 100000 bushels the quantity which
| Europe will be compelled to draw from
America. Reports from forty districts in
Russia, according to q statement pub
lshed last week in q Russian journal,
show in every district serious loss and
probable decrease Of yield but this account,
with the statement that prohibition of ex-
ports of grain is under consideration, has not
as yet official confirmation. On the other hand,
even ii Russia should have for export
100000 bushels less than usual it would
not necessarily follow that the demand from
Europe would be as great as it was last year,
for the crops were then exceptionally bad in
almost every European country, and there is
as yet no evidence that they will not be much
better this season, even if they fall below the
average. The latest indications that there will
be short crop in Great Britain and France, and
yet considerably larger yield than that of last
year. Hence it is too early to Judge whether
the foreign demand will be sufficient to afford
market for the supposed minimum yield
this year in the United States Out of a crop
of 45O,000,0O0 bushels we have exported
| about 1SO,OOO,OO0, and if the yield should be
reduced to 100000, 900 this year, there would