New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1884-08-26


QUANTITIES AND CAUSES CONSIDERED.
| To the EdttOr OF the Tribune.
SIR: A letter published by you February 8, close 1
In these words: Hence itwoud seem probable that
about 100000 bushels of wheat woul,
remain July 1, to DO carried over to anOthe
year" This estimate, made by me over six month";
ago, differed only 4i5S0J bushels from the most
accurate statement that can DO made, with the
final official statistics of the last year before
me. am indebted TO Mr.. Nmmo Chief of tho
Bureau of Statistics for personal information Of
the exports and imports during tho last fiscal year
the publication Of these most valuable statistics
having been most stupidity stopped by an act of
Congress at the last session. The quantities and
values are as follows:
EXPORTS. DOMESTIC ToRErGS. IMPORTS.
y wSur b9la- 0l322G9 ,oo2 25g L $40
wheat yalss..... 7j,030,67s 1oj'7I6 1920
At four and q half bushels Of wheat to the barrel
of -four, tho excess Of exports over imports was
equivalent to ,5J2 1s2 bushels of wheat. against
1iJ0tS,Oi7 during the previous fiscal year. The
official figures Of acreage, yield and exports wero
gwen IN my letter Of February for sixteen years,
and II was there shown that the average oonsnmp-
ton for food had been 4ll7 bushels yearly for
1000 inhabitants At the beginning Of tho last
fiscal year, upon tho estimates previously given,
tho population OF tho country was 65.32J,O7O.
Adding per cent increase. aud the actual immi-
grafton fol tho yolr 5OO. Ssh We have 5O,OI2,332
ma tho beat estimate that can bo made OF tho popu-
ption June 30 1884, Tho mean of thcso numbers.
90 13l, loo, ia tho consuming population for tho
crop year. and nj tho ratio glyon above the con-
sumption for food aud the aft8 would bo 2l1Dii,-
1G2 bushels According 10 bureau reports of aero
age, tho consumption for gcod was about 1000
900 bushels. 1hu1 the not exports aud tlc con-
sumption for food aud tho art9 aud for aood. from
tho crop OF tes9. amount to ~ .lOo.i buahclq.
Now thc cttcr already mentioned showed that
G5.s17lo5 buahola of wheat wero probably Ia tho
country ~ tho beginning Of tho crop yoar being
loft over from iho crop OF 1879, Tho final official
abatement ol the yiod IN 1855 IN ~ O7u 100
huHholH, hin gives q total supply 81 iNdpGj.3lb
huHhnlr, und drduciius ING exports ANA '"i'llmp.
tluu, uH HluNr stated va hhvo ua the quantity of
wheat probably remaining IN the country July !,
unoousnmcd aud unsold 1901 100 bushels NV
estimate, February D. WA that |6,OOOOOO
lha course of the market has boon such az 10
Justify The ruPgc ,tons made six months ago; he
price of No. red winter VII az at New York Feb
ruary -, was ~ OLA with great effort, the
powerful clique managed o lift II To : % Fcbrn-
ary /, but II then receded, and closed for the
month AT 81 o. i'm March II closed at 81 Of, and
April . il dropped o96 cents. Another clique then
uadea greats fort and, with Banks helping the puco
reached 81 l. az the end OF April. But the banks
SPECULATION of various kinds too much The clos
ing pnce for Nav was 81 Ol5. and the price
dronped to on, cents June D Ihough II recovered
to 81 H. cents at the end of that month and stlg-
gered through July al about that figure il dropped
Gug,,st IA ia ~ IVA and n - mo Ion er question
~ Il ms saId to be ak 1ontLs 400 whether there
vas "a J,Grje1cy of 30 600 900 bushels in fine
worlds sunni of wheat for lSy34U
- I'm Xxx Gran of 1871 estimates are NOT vet
ua-ti,,.larIy t,u.f,yortLv Noue doubt bnwever
iIat H. j. yorv LARGE cr1n and IL Il evcerdS
~ ooo 900 L,.ii,I -, ir,,.t 'r,I ,-'t .,ro,yu
-" % I 'Io 5 ,'oP - S,t ra
~ "i', ~ t I' ''i ~. t ''' u -, LII
W, Tfi'' ~" ~, :, '' T. - H. =, a. '.' 'L
uuy d.Io| '. t}i l' & 49, 'o 80 W '"gu o
i'~,-+ ,..r - az "a ooo noo H.. .Is IN
t "a & ~ ooo ,6o say sr, bcat Pt # souc Of
th 80 r,,,,,ris ,,, ,,I7oi ~ viii oton orrcad
tL., ,.,,,., H., I'''
a., a., .I r,l,, on rho 5o,do, Ecouomjst
elt,cI tiat +io 2,tor,,,o ,r,ce If ,gbe,t in Emo
1oH ,.l'' ,'' ~. Tt'.o my - III I, 49,
tI ',..'7 az 80 ~ '' "a All ~ 81 n1r
II,r %, .,I,i,..rt mann Of tb.t lar