Staunton vindicator. [volume] (Staunton, Va.) 1860-1896, 1880-11-26
Cur Wheat Crop.

AND THE PROBABLE DEMAND FOR AMER1-
CAN GRAIN IN FOREIGN COUNTRIES.
The wheat crop of 1880 and the foreign
demand for our grain are elaborately COM
puted ia the last ''Bradstreet's That
journal says: ~
5 Up to Sept. 25th the reports 10 Brad
street'ss indicated total yield for the en-
tire wheat growing regions of the United
States Of 465, SOL 900 bushels. 1t was
stated ON Oct. 9 that in all likelihood the
later reports giving the tull results OF
threshlngs would not reveal total actual
yield much, if any, beyond 455, OOO, QUO
bushels. Fairly complete returns received
during the month Of October from all
parts of the country warrant the presenta.
ton of final summary, the accuracy of
which we believe will be established when
the marketings of the year come to be
summed up. These returns show total
yield of wheat for 1880 of 5,649, 900
bushels. The returns for the New Eng
land States remain at / 100 600 bushels;
for the Middle States at 81 595, 900, and for
the Southern States at Al 929 600 bushels;
OHIO. 80 500 600 bushels; Indiana, 43,O0O,-
600 bushels; Minnesota, AZ, 620, 900 bushels;
Nebraska, 9, 1870 900 bushels, Returns from
the remaining States of Michigan, Illinois,
show falling off from the earlier esti-
mates m de before the threshing was all
complete, with the exception OF WiscOn-
sim whose yield is now placed at 13, 45O.-
OOO-a short crop. The final returns of
the other States are as follows: Michigan,
SO ,375, 900; Illinois, So 500 600; Iowa, 49,
GOO, 900, a considerable reduction from the
preliminary estimate; Missouri, 25, $50 900.
and Kansas, 10, $50, 600. Total for all the
ohG1c
The wheat crop of Washington Terri
tory is included under the head of the
| Pacific Coast. Later returns lead to the
| conclusion that the entire yield of the
Pacific coast is 36.6Q0,0 900 bushels, an ex-
cess Of ], 500 900 over our first estimate of
October 9. In San Francisco journals and
elsewhere these figures may be regarded as
| TOO low, but returns as to the increase OF
average and yield, taking as basis of cal
culatiOn the known product for 1879 as in
dicated above, do not warrant larger
suit, after deducting for food and seed
will permit an expectation of about 3d.
DOC, 900 bushels.
On the whole, we are lei to place the
needs of the country for food, seed, &C.,
at 265, 600 900 bushels. On this basis there
will be- left margin of 1870, 724.0 900 bushels
for export to supply the demands Of for
| eign countries.
The reported SURPRISES and deficiency in
foreign countries are compared, and the
result gives an apparent surplus Of q $780,
600 bushels. The article concludes:
The apparent surplus of wheat over the
worlds need is so small that, considering
the probability of consumption at home
and abroad increasing rather than de-
creasing, there is no good re son to count
on declining prices. The shortness of the
Indian corn crop in the United States will
have some effect in sustaining the price of
wheat. Again, it is not possible for prices
to decline materially without speedily in
creasing the demand, which, in tuln, will
react IN the direction of higher prices.
Having regard to all the factors entering
into the present wheat situation, it is con-
cluded that continuance of fair prices
for wheat is justified. The apparent sur
plus of 100000 bushels in. the worlds
wheat product is not so large as to justify
fears of very low prices. There is little
more, if any, than enough wheat to supply
present and prospective Deficiencies. For
this year, at least, the wheat pro ducers of
the United States bid fair to receive fairly
remunerative prices for their crops.