New-York tribune., 1885-07-20
LETTERS FROM THE PEOPLE.
THE WHEAT RECORD COMPLETE.
PROBABLE SURPLUS FOR 1SS6-S7, IN SPITE OF THE
SHORT CROP.

PROBABLE SURPLUS FOR 1S86-S7, IN SPITE OF THE
SHORT CROP.
To the EdftOr OF The Tribune.
SIR The official report of the Bureau OF Sta
tiscs Of the export OF breadstus for tho month OF
June enables now to complete tho estimate or
wheat hand and of wheat consumption published
by you June 15 We have the official reports OF the
Bureau in their final form for eleven months chdlng
May from all the ports These show net exports as
follows 99i3,25s barrels Of -four and sl,333,l62
bushels OF wheat equivalent to l2607ss23 bushels OF
wheat. Tho advance statement for June, now Issued
shows the exports from eighteen ports and these ports
for eleven months OF tho year reported 122.95993l
bushels the wheat actually exported from the whole
United States. or 97.i per cent OF the whole. This
monthly return shows exports equivalent to 6,O53,
4l3 bushels of wheat II We allow per cent more Tor
that month. have for the exports amounting to
132,3l3 S3S bushels Of wheat OF which l32 2l3223o
have been officially reported. am careful thus to
specify the OF information. because II Is morally
certain that within week you will sec 1t asserted that
tho official report shows that tho exports OF wheat
amounted to only 129 600 bushels for the year, an
which Will be made by taking the preliminary and
partial returns only eighteen ports for the whole
year. instead of full returns from all ports for eleven
OF tho year. We have sent out about OOOooo
bushels wheat than IN the fiscal lsS3sl Bat
because lower prices, have received little less
money for It, The value Of domestic exports Of wheat
for all ports eleven months and for Eighteen ports IN
June amounted to Sl24 ,603,472 During the previous
fiscal year the value OF the net exports from all ports
was 277 and the foreign exports less the im-
ports swcled that total only $72.003 The past year
would have witnessed larger sales To foreigners
had the market time, b-ea controlled by spscu-
aors and had not the memory OF past operations Of tho
disposed foreigners to buy from us as little as
possible when the market was in that state.
showed In the letter published by you In June that
the consumption this for food and ecd during
naafy hadh uslc
that the Of spring wheat equal 70 that OF te
previous year Later reports appear to Indicate that IL
was on the whole little smaller. put IL Is SAFE 10 leave
tion and exports. therefore amounts to 437,3o6i36
there is report to June In the same letter y was
shown that the aggregate supply was 1oo'oooooo
Bureau on account OF weight. $50 o0Oo bushels OF
sixty pounds each. u follows that there must be on
hand July 1ss5 still TO he sold consumed, at least
150O00,000 bushels in -four wheat The actual con
sumption and exports Of last exceed tho quantity
quantity will give RS full supply for both purposes as
rcqurcdla year with phenonenay low prices most
latest reports estimates that yield this
will be 363.6ooo 600. Mr. Dodge defends his reports
spirit about this at least there be doubt
they infinitely likely 10 be accurate than any
at o,@s5 e to- ppa for h1 next year
siderable quantity. II the consumption and exports call
the last year. Doubtless the consumption will be largor
The population increases at the rate OF nearly l2OoVOo
yearly, besides the Immigration ana ths lncre'se IN
100000 bushels of wheat The acreage VIII be larger
TO lie smaller If railroad frcights arc advanced for the
low last year had much 10 do with the continued
ample supply Assuming, however, that the quantity
required for consumption and for seed may be TO-.
100000 bushels larger tink that the best infornI.
have not less than 10000 900 bushels for exports
within twelve months from July l. II foreign countries
not tho denand upon stock will fall short
of the supply leaving usa considerable reserve for the
Yetc- YORK. July Is, 1855