New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1883-10-23
THE WHEAT CROP.
AN ABUNDANT SUPPLY IN THIS COUNTRY FOR ALL
REOUIRTNENTS.

AN ABUNDANT SUPPLY IN THIS COUNTRY FOR ALL
REQUIREMENTS.
CHICAGO Oct. 29-The london Economist does not
think the world Is going this year. labored
estimate which originated with anxious bulls in the
New-YOrk wheat market, and has been copied by many
Journals in this country represents that the worlds supply
of in 1883 81 100000 bushels less than It's re-
qurements. The London Economist quotes this estimate
for the purpose correcting IT, and begins by reInarkg
that It should be received with considerable dsrust"
The estimate puts the requirements Of the United King
dom at I45,OOO,OOO bushels, but The Economist says
is very certain wen do with good deal less"
explaining lie reasons for this belief IL adds IL
we got bushels less than last year we should do
very well Thus, we doubt not, 100000 bushels
would suffice" Egypt set down Tor a supply Of
500 900 bushels but Ihe EconOlatst says, I'VE s-oud
consider 10000 the mark" TIE estimate Of
100000 surplus Turkey, Austroliunguy and the
Danube considers good deal too low and it adds;
Anogether, have little cause for apprcncn sion that
our requirements will remain unsatsied" 1t also ADDS,
" that with all the new ground broken in the United
States and Canada, the shipments OF the whole Of
North America during the coming twelve months viii be
limited TO Il5,OOO,OOO bushels is, think, very
unlikely"
In The last sentence, The Economist touches upon the
most glazing or the estimate quoted Inasnuch
that estimate was prepared in this country, II Is hardly
possible that the available supply hOn North America,
bot coasts" have been put az low as ll1OOOOOO
bushels without deliberate stretching OF the truth. The
oncal abatement OF tie yield IN 1882 5Oi 49, 40
bnhes Taking the barrel Of -four equivalent TO 4l2
bushels wheat the Of exports over impOi5 OF
wneat In the twelve months ending June 30, $685. was
l476yg 6s5 bushels. This leaves 35G,4S67s5 bushels
for seed and consumption. An allowance OF 1 bushels
20 the acre for seed and AZ bushels 10 each innab
tant for cOnsump tiOn covers the entire pTOduc-
ton less recorded exports for the past seVt.n-
Teen years and accOrds, moreover, accurately
hand and prices al Cneftni ltilOuS
The Agricultural Bureau repO 10 0IOtO'oo ousiel5 eo"n
Tor y bushels the qnanuty uoed IOr seed "Ouu
he 6I,OU3,Oss bushels. 1he population az reported
BIZ the Actualy OF the treasury DepaI tniclit,
Nas 5219J,OOO June 80, leeZ' ana oiloo'vOo
June 80, 1883 1ue mean Of these gives lac
average IOuulat0n consuILing during the crop year,
namely 534o1,OOO, ana at AZ Duriris per capita tIe
quSntIy consumed would De ZZlO2O,%OO Dunhtis. DC
the portion the crop o. 1897 that was not e1-
ported, there is surplus remaining nom mat
cop Of 7O,S63,4Oo bushels; f,Ihaps as , mlu1n
20,0GO0OO bushels were added ~ reserve slOVhs,
which much depleted alter Tie short cOP Oi lool'
but there wOud remain IN any case over oOoOVOoV Dunl-
es export crop OF 1882 leaving large STOCKS
On u9ld.
Tne Agricultural Bureau puts the yield in 1898 at
4l7Z43 $50 bushels Putting the consumption iOl 1000
~ 900 900 bushels, instead oi 9Z6JbUV,-
GU ear, would be lelt Tor export nom tLe
sulllus canned nom 1SSZ. No possible C0nectOi
o. tese fqTes biIDg tue available s Plus ion eA
stead the 115,OUO,OUO bushels allowed III the ebLiule
for ts county Canaan. An estimate uhat n pir
ally way REGARD 10 TIE available sup
~ nom he county Oh WHICH u'e supply anu loilhle
nens most accurately kn0wn, TINT s Also III ellO ~
huch as lbOOOOJO bushels IN 1eg6ld 10 the Itquno-
noBts Great britain, ding to Inc 4c0hoD'S Viii
badly Ruswer tie uBes lrdeueid men, lie uutL N
lhat tni country baS an aDtuat huLpg lor III uebius
tat nkey 10 sIse, ana Its consumers ought not W NC
compelled by speculation 10 pay an e&lotiObae plce
eallig the next twelve months