The daily gazette., 1880-04-28

THE Chlcago PTtce current gives
the following statistics of the visible
supply of grain on the dates named
April 10, 1880. April II, 1880.
Wheat, bush. ...23, 1888, 900 23, ,OO2, ,0OO
Corn, bush. h.........15, ,87S, 900 10, 97O, 600
Oats, bush. ........ 2,254,000 2,085, ,OOO
Rye, bush. ........ 637,0OO 544, ,OOO
Barley, bush...... 1,669,0 1850, ,OC0
It will be observed that there was
decrease from April 10 to April II
of this year, a period of one week.. OF
836, 900 bushels of wheat, 1908, 600
bushels of corn and 16g, 900 bushels of
oats. A New York letter quotes the
stock of oats in that city not to ex-
ceed four days supply, yet the trade
holds off tenaciously, seeing futures
so largely discounted. There has
been until the past week steady de-
cline for over four months. No stocks
are in any Of the seaboard cities, and
Europe is taking larger shipments
than ever known. Corn never was
shipped to the extent of this year,
and prominent grain exporter of
New York city says that shipments
have been made to entirely new
points in Europe.
So far as the wheat question is con-
cerned the supply is alarmingly low.
AS an instance of the scarcity, on the
first instant the quantity in store in
the various towns on the lines of the
railroads in Minnesota was 1000, 900
bushels less than at the same date
last year. The reduction of stocks of
wheat in the different American cities
for the week ending March 81 was
1,600,0 900 bushels. On April 1, in
London, the decrease of stock was
LAO, 900 bushels since January 1.
Mr.. John G. Harris, of Chicago, who
is aithoroughly reliable statistician, has
prepared a statement effectually ex-
posing the falsity of Beerbolhm's
weekly dispatches. Dornbusch has
the same facilities as Beerbolhm for
obtaining information but, unlike
Beerbolhm, he will not permit him
self to be bought. During the year
1877 and 1873, and up to December,
1879, their reports substantially
agreed. But on March 18 their re-
ports of the quantity of wheat afoat
the world over vary 142, $40 quarters,
equal to 1, 038, 100 bushels and these
figures exactly represent Beerbolhm's
deceitful and fraudulent exaggerations
which are evidently designed to de-
press the market.
The quantity of wheat aHoat from the
various countries of the world was, on
March II, !, 1877, $50 quarters ofeight BUSH
els each, considerably more than half
of which, nearly two-thirds, in facts
from California and Oregon. This
amount, equal In round figures to a.
1000 bushels, may be considered as
likely to arrive out before August l. Ad-
ding to this the quantity exported hence
the first two weeks in March, 3,0O0,000
bushels, the quantity in store in this
country on March 1921 900, 900; in
Great Britain, say on April 1856, 900,
and the stock of flour and wheat at Cal
ais, Havre and other Channel ports, at
Paris and In the Dutch cities, we have
total of SO, 1927 900 bushels for the Con
tinent up to August 1. Deduct from this
the Continental consumption for March
of Il, 900, 900, and the remainder is A.
627 900. The monthly wants of Great
Britain, Northern aud Atlantic France,
Holland, Belgium, Denmark and Por-
sdHoi oiO &7,VoO,OOO uuouCiSs IL ouOuiu
be borne in mind that no addition to |
the foreign supply can be made by ship |
ments from California, Oregon and Chilli,
and from Australia and HIndostan
made subsequent to March Is, until |
after August l, the average average voy-
age being four months. Furthermore,
the exports of wheat from Southern
Russia will continue to be absorbed in
The Mediterranean for the wants of Italy,
Southern France and the east coast of |
Spain.
Admitting that the wants of the coun-
tries nam,d are, as stated, 24,000,000
bushels monthly, the supplies required
abroad for the four months ending Au-
gust. will be 96l 100000 bushels, or
more than twice the quantity in sight.
That is, deduct the entire visible
47,627,0 900 bushels, the foreign
want remaining to met is 4S,373,0O
bushels. The United States must be
relied on to supply this deficiency be-
tween now and August The require.
ment for home consumption up TO that |
date is fully 10000, 900 bushels. Tking
this from the American stock in hand,
the question may we'll be asked: Have
we an adequate quantity to spare to
meet the export demand? 30