The Valley Virginian. [volume] (Staunton, Va.) 1865-1895, 1882-09-14

The excess OF production over exports, in the
three years ending with the crop of 1879, was sl6,
7662s2 bushels. 272.255, 764 yearly for consump
ton and seed. Allowing for known increase Of
acreage and population, the home consumption
should have been about 2s1 900 bushels In 1880
81, and about 100000 bushels last year. These
figures would leave surplus Of 81, 1918 254 bushels
at the end of the year 1s80-'s1, an excess of the
stock held at the beginning of that year, which
accords closely with the trade statistics which
showed that nearly 100000 bushels were then
on hand. And the consumptionand exports for
the last year amount to AT 600 bushels, that
If the yield of 1881 100000, 600 bushels, that
quantity and the surplus 31,0O1000 bushels of
1880 would be accounted within 350OOOO bushels.
Any smaller estimate of the yield last year. such
as the Agricultural Bureau has made, involves
the necessity Of believing that the usual Of
wheat and flour In the country at the end OF crop
year, about 100000 BUSHELS was depleted July
that extent and all the known facts go to prove
that the held fully 100000 bushels.
Allowing for increase of population and acreage
during the coming year, the home consumption
cannot be expected to exceed 1906 O0O 600 bushels.
little wheat has been and may yet be used for feed
ing, however, In places where corn is scarce and
dear, until the crop of is available, that
800 0OO, 600 bushels may be allowed for home con-
sumption. The reserve on hand, being a little de-
pleted, and generally OF inferior quality, may be
strengthened by the addition of TO- 900 to 90 000
900 bushels Of new wheat without real waste. But
beyond this we have to find market for 100 100000
bushels If the crop is only 5O0OOo 0OG for 2S0OO0
900 If the largest guesses prove true. With any
thing like average crops in Europe, no such guam
ttty has ever been exported 1S00OO,OO0 bushels,
and larger surplus would call for exports exceed
ing those OF the years Of disaster In Europe
1t Is measurably certain already that the yield
in Europe is to be nearly up to the average The
Mark Lane Erpress having returns from 251 points,
estimates that the yield s152,OOO in Great
Britain will average twenty-six to twenty -seven
bushels, from 49, 900 900 100000 bushels,
that 1903 1O6 600 bushels will be required
from other countries. During twelve months end
ing July 81, the actual imports were 10S 656, 900
bushels Of wheat besides nearly 100000 cwts of
-four Apparently British requirements will be less
than actual imports last year. The crop of France
is now estimated at 283 100000 bushels, which is
within 900 bushels eff the quantity required for
consumption but stocks are light and may need
to be increased to extent. In Spain there has
been considerable injury, and imports of 81 200
bushels necessary In SwitzeI land the usual
imports, about 100000 bushels expected.
Germany whole is said to have an average crop,
but the yield in the Grand Duchies is unusually
LdrS6, dS IL ID 6AptCtou W DO III European turkey.
In Austria good yield is expected except In Ga
licia and Bohemia, where the crop is short Swe-
den and Norway report fair yield, but the
from Holland conflicting. Russia has a fair
yield In the northern but considerably less than
average yield in the central and southern provin-
coz. On the whole, the situation in Europe does
not now render 1t probable that the deficit to be
met will be as large that of last year. The only
advantage to be expected this year, in comparison
with the last is that the small surplus shipped from
Egypt may be cut off, and the possibility that ship
ments from India may be interrupted. But this is
improbable; shipments from India are likely to in
crease. The conclusion to which this review points
is that there is likely to be considerable surplus
of American wheat carried over another year, If
the smaller and more reasonable estimates Of yield
prove correct. But the larger estimates would In
volve surplus greater than the country can we'll
afford to carry.-N. Y. Tribune.