New-York tribune., 1888-03-22
SELECTIONS FROM THE MAIL.
WHEAT STATISTICS.

STOCKS AND EXPORTS FOR Right MoNTHs-ExTENT
OF DISCREPANCIES IN BUREAU RETURNS.
70 the Bdttor Or fhs Trfbun.
Sir: Ths complete Official returns Of foreign COM
merce for January and for seven months OF the
crop year, with tho preliminary statement of exports
Of brcsdstufs for February, supply material for
comparison in connection with the report by the Agn-
cultural Bureau Of wheat In farmers hands March l.
Tho exports loss imports for tho entro country for
seven months Of tho crop year amount to 4s321 054
bushels wheat and 1883 525 barrels -four, showing
decrease Of than IL 000. 900 bushels wheat and
IN increase Of moro than 100000 barrels -four, the
aggregate being equivalent to 81,456916 bushels
wheat, against o1 1,o77.164 bushels exported for the
ssme seven months Of tho previous crop year The
domestic exports for February were equivalent to
47o bushels whoat against 10304167 bushels for
the Same month last year. Thus the aggregate re-
ported crops for eight months have been equivalent to
3oS bushels wheat, against 101 3e1 331 for tho
same months Of the previous crop year. During tho
remainder Of the last year the exports were 51o73
$40 bushels according to my estimates, the stock re-
naming available for export this year is s0,704260
bushels that exports large those Of last year
would leave US q surplus of 2s, 100000 bushels
Tho statement Of stock In farmers hands March
being 1872 900 900 bushels, in way conflicts with tho
estimates have made for the year thus far Adding
visible supply tho average OF the last return for Feb
rusry and tho first for March, namely, 3799e,000
bushels tho St0ck In sight would be 600 Dush
els. In previous estimates the total supply for the
year given 604 455 o7O bushels, including stock
brought over from previous years; Of this quantity,
1e7, ,6o2438 bushels must be rcckoncd the consump
ton for twohrds Of the year food, and So FOG
bushels for seeding Of winter wheat, besides 9o624
a95 bushels exported up to March 1, above stated
making In all $50 bushels accounted for. and
leaving 102 431 the probable stock available for
the rest Of tho crop year. Deductng the quantity in
sight, above stated, there would remain o. 431
bushels, which would not moro than account for two
weeks supply of -four, and about 100000 bushels
wheat In Pacific Coast warehouses and country ccva
and other stocks not included In visible supply
1t Is worth notice that the statement of stock In
farmers hands year ago and March / compared
with known exports and estimated consumption for the
twelve months, necessarily implies decrease of about
100000 bushels in tho quantity held in the form of
-four tho Pacific Coast and In country elevators
less 1t be supposed that the Bureau report Of tho yield
for this year was by about 100000 bushels too
small Considering that all the changes In the report
since the earliest estimates of the Bureau given
have boon In the direction Of larger yeld 1t is
as least possible that the actual supply Of wheat may
have been from five to ten million bushels greater,
that the actual consumption during the last year may
have been from Eve to ten million bushels smaller
than the estimates ". u. G.
New-York, March 21, 1888.