The spirit of democracy. [volume] (Woodsfield, Ohio) 1844-1994, 1881-07-05
THE WHEAT SITUATION.
The Prospective Yield This Year as
Compared With Past Years.

The Prospective Yield This Year as
Compared With Past Years.
Cincinnati Gazette.
The Gazatte asserted four weeks ago,
after taking considerable pains to obtain
correct Information as to the condition
and extent of the wheat acreage, that
the aggregate yield would be fully up
to the average OF other seasons. an1,
unless overtaken by damaging storms
or insects, the surplus for export pnr-
posed would not fall much below that
of last year. Nothing has occurred
since that date 10 materially change the
situation so far as the present cror,
when compared with the average of sea.
sons, is concerned. The prospects for
an average yield in quantity are good,
but the quality, OF course, cannot be de
6nitely determined until the crop is har-
vested. Adverse reports have been
spread broad cast for the purpose of in
fluencing the stock market, but as they
have been based on reports from few
localities, where the damage has really
been serious, and not on the probable
yield of the whole country, too much
Importance should not be attached 10
them. 1t must he remembered that the
crops OF 1879 and 1880 we're very much
above the average. and therefore to say
that the crop of 1881 is failure be-
cause it falls short of the yield of either
one OF those years is misstating the facts.
As we said two weeks ago, partial or
even total failure of the wheat crop in
one or half dozen localities will not
materially affect the aggregate Weld OF
the wheat growing districts. East Of
the Mississippi river the prospect for az
average yield is not encouraging. TT
may be diminished 20 per cent or even
more, as compared with last year. In
California also the crop will fall short,
but the region of country lying between
the Mississippi river and the mountain
will nearly make up the losses on the
Pacific coast and in the States lying east
of Missouri and Iowa. The acreage in
wheat is very much larger, and the CON-
dition OF the crops is most favorable
1t is certain, therefore, taking the winter
wheat sections as whole, that the ag-
gregate yield will be fully up to the av-
erage and not very much below that cf
1879 or 1880. Reports from The spring
wheat regions are altogether satisfactory,
and the indications are that the yield
will exceed that of last year, but as this
variety of wheat is not harvested until
the latter part OF July and in August
the yield can not be correctly estimated,
as it may be greatly diminished by
storms and insects. However take the
prospects of the wheat crop of the Uni
ted States as a whole, there is no reason
to suppose that the surplus for export
purposes this year will be very much. il
any, below the average. In California,
as we'll as in some portions of the west
and northwest, a good portion of last
years crop is still in the hands of the
farmer, or dealer, and on the Pacific
coast, it is said that the amount held
over will more than make up the def
cheney in this years yield. In Europe
the accounts as 10 the condition Of tht
crops are conf citing. Bat enough re
liable information has been received tc
warrant the assertion that the yieli viii
exceed that Of last year. and that thf
export demands on the present crop viii
be less than last year; this, however
will be Offset by the increase in the hom,
demand. Beerbohim estimates that th,
United Kingdom will require 1000 00(
bushels week from America through
out the summer months till the first O
September, which Is about the same q
last year. Other markets will requir,
about l 900, 900 week making 5000,
600 in all. This is large quantity, bp
our surplus is fully equal to the task Q
supplying tue demand OF both EhgIadt
and the Continent. The circulsr of C
A. King & Co, OF Toledo, saws, wit
reference to immediate supplies, tha
receipts at the primary receiving point
are now triae larger than last year
but the movement will probably not
oppressive, and the prospects are tina
!, our country may secure near presen
prices for their surplus Of old wheat i
they are patient; but Great Britain, wit
favorable crop prospects in Europe, vi
probably supply only her current re
quirements." The current number Q
the Financial Chronicle, referring to ,h
: same subject, SAYS that the United King
dom and the Continent will have rathe
= more home gro wn wheat than last year
: that the Weld in the United States eas
of the Mississ ppi and on the Pacifi
Coast will be considerably deficient, br
g that the yield west of the Mississippi
!, will be larger to moderate extent; th'
the wants of foreign countries will sti
be large; and that we shall have ver
liberal surplus to send them. Tnel
need, consequently, be no apprehension
of very high or verv low prices, tt
; probability being that the trade wi
proceed on the safe and equahle couri