The News-Herald. [volume] (Hillsboro, Highland Co., Ohio) 1886-1973, 1890-07-17

| fOr American PrO0uctSs
Having stated that wheat would bring
a good price after the coming harvest,
and in all probability never again be
cheap, and such statements being ques.
toned by many doubling Thomas, we
will examine the basis for such belief
and show what are the requirements oi
Europe and the sources Of supply, and
at the same time state briefly what are
American requirements and production
Notwithstanding the enormous ad'
ditions in the Dakotas, there has, since
1884, been shrinkage in the wheat area
Of the United States of 1857, 900 acres,
and while such shrinkage is likely to
continue, we will assume that the aver.
age will remain the same during the
coming four years and that the yield,
after 1890, will equal the average of 1872
bushels per acre, shown by the last
twenty crops giving an aggregate annual
product of 47O,00O,O0O bushels, while
home requirements will increase 10000.
600 bushels yearly, the export surplus
decreasing annually in like amounts.
The crop of 1890 is not likely to exceed
400, 900, 900 bushels and domestic require.
ments are over 372,OOO,OOO bushels.
The European crop of 1889 was 100,-
100000 bushels below an average. That
of India, as we'll as OF Australia, very
short, and the winter wheat crop now
growing in the United States has already
sustained such injury as to reduce the
out-turn at the coming harvest anywhere
from 100000 to 1OO,OO0,O0O bushels,
and the spring wheat out-turn can not
be more than an average, as the acreage
is less than last year, hence the export.
able surplus can not exceed 10000, 900
bushels.
European crop prospects are good, and
| we may assume the harvest will be an
average one, and these facts give us a
basis for an intelligent estimate of the
available supply.
Europe, with population OF 35O,0OO,-
900, consuming a trife less than four
bushels per capita, requires for the crop
year of 1Ss99O, ], 1895, 100000 bushels, and
the available supply is as follows:
Bushels. Bushels.
European crop Of fIss9"..I,I9,soo,ooo
Imports from United
Imports from India.;..~- s;'eoo'ooe
Imports from Australasia 100000
Imports from South
America........"..... 100000
Imports from all other
countries""...""."".~ 100000 r,a67,ooo,ooo
Deficit ...................... IaS,ooo, 900
But the large reserves from the great
crops OF 1887 and 1888 Europe would
now be on short allowance and the COM
plete depletion of such reserves may
suffice to ill the European bread basket
until the in.gathering OF the new crop,
but in any event it will leave the grana-
ries clean and the world to enter upon
the new crop year wholly dependent
upon the out.turn from the coming
harvest for years bread. Will such
out.turn suffice?
Turning to the southern hemisphere
we find the Australasian crop very short,
that of South Africa-Cape Colony, etc
SO much below the average as to neces-
state greatly enlarged drafts upon the
reduced Australasian surplus; the
Chilian crop unusually small while that
of the Argentine Republic, which was
expected to furnish large surplus for
export, proves too small, says U. S.
Consul Baker, for home use and that
orders have already gone to Odessa, New
York and San Francisco for wheat to
supply Argentine demands.
In Indian crop harvested in hespring
of 1880, was short one but the harvest
OF 1890 shows little lower average yield
from an area materially reduced by the
encroaching cotton fields. The crop in
some parts OF northern Africa-Mprocco
has been seriously injured by a pro.
longed drouth, and while Africa exports
are unimportant they are this year likely
to be less than usual and may be re-
placed by imports.
Canadian net exports some times reach
2,500,000 bushels, but last years crop
was one of succession of short ones,
and Canadian grain merchants now say
that they must have 1900, 900 bushels of
our wheat to carry them to the next
harvest.
Unless the Dakota and Minnesota
yield is an abnormally large one, we can
not, from the crop Of 1890, export to ex.
ceed 100000 bushels, and half OF
this amount is yearly taken from US by
countries outside Of Europe, and in view
OF the short crops throughout the south.