The Corvallis gazette. [volume] (Corvallis, Or.) 1862-1899, 1881-10-21
The SUPPLY CT RREAESTUFFS THIS
YEAR.

Commerce says: From commercial
point of view, the question of supply
and, lemand of brcadstuffs IL one {
great importance, especially when
We consider how speculation has
entered inin this Of late years. Spec
| ulators buy aud sell on he chances
at the market, these .d,.p"n.ling on
the magnitude of The crops. Az To
he crops OF this year, we reprint the
following communication from the
New York Commercial Bulleiin:'
THAT the crop in this country tails
considerable short OF last year, that
Great Britain aud Franc. have no,
an average, that Germany and Italy
are much behin1 last year on wheat,
here can he no doubt, bnt these
facts 10 not warrant US in calling the
"ullonk gloomy. That the foo
supply OF the world is deficient there
- nv itd>''il III ptilfNt. Ilfttt tibiN
inc TO call attention To IA few facts
aud apply the est mates you quote
to two countries. Prus>ia's Is per
cent. Deficiency in wheat means
ahott 100000 bushels. TIL, in.
CT AS. in We is equal t" about so,o0o,-
0O0 bushels. making net increase in
her bread supply of II 100000.
have no, th. figures Of Russia $
crop o. 1880, but Ter exports were
5000 5000 bushels. Aiding TO this
IL yer, low estimate OF her consun,,-
ton and seed r.quir. m. nis a, 21
bushels per capita-l6c, 900, ,O00--wr
tind her crop appreximafel 100000
900 Estimating the increase il,is
ycar-a, so per cent. (in Central Rus
>ia il is 10 per cent?, the probable
crop of 1881 is 2S5 900, 900. This is
uIilonbtedly too low, but will answer
'ht purpose. On the same basis of
calculation, allowing p bushels per
capita for home use, there woul.l he
available for export about l25, ,o00,-
900 bushels of this crop, as against
Onsidas estimate Of 50 and yours OF
75 millions.
OF rye there was exported 3533
millions. Estimating as above for
home wants, and 21 bushels per
capita, the crop of 1880 car, be assum-
ed AZ l95, 100000. The probable in
crease is 75 per cent. for this year,
making total Of 34l, 100000 or an
average OF 81 hush per capita. 1t is
fair to presume therefore. that the in
rreas.. IN food supply of these two
cnuntrie~ will not tall short 100000
900 bushels.
| have aimed to he conservative in
my calculations, aud they show that
ia 1880 Russia raised sufficient wheat
for her own use and 80 millions be-
side. while this year sc will have
as much for herself AS then, ani al,
leiSt 90 per cent more to send TO
M ,rkct.
In 1873 the average price Of
wheat IN the United Kingdom was
Al sI,illin"s per quarter, and Rus
s;a' s exports were lo2 millions. AT
pres, mt the l,rc,. is al,ont So shiings,
and it is reasonable TO suppose that a
mach larg' r prop 'rti"n OF Rn~sial
wheat will be off red for sale, while
rye, which is III excess, will bc used
IA a substitute for it at hom". |
cannot bnt regarl the competition
from this source as likely To seriously
affect our inlerps's in This country,
and result in lower prices than are
now ruling here"
II APPEARS from this that the SUI
plus in Il ,~>ia will fully equal ,hed,-
frlcncy here, but the falling off in
the crops of England, France and
Italy, still L.avs IA deficiency as COM
pared with 1880. Ofroursr, ,her. is
always in ordinary Years enough for
ihn p ople 10 car, Iul plenty produces
law prices. Il would appear as
though prices this year We're destined
TO he high.