New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1890-03-18
" HEAT.
PAST ESTIMATES OFFICIALLY CONFIRMED-CON
SUMPTION SHOWN BY QUANTITY

REMAINING.
TO the Editor OF The Tribune
Sir The Government report of wheat in farm
crs' hands proves that my previous estimates of
supply and consumption within the truth
and essentially correct In my letter of Deem
her 81, the years supply was estimated Mt 5?4.-
72s,1O5 bushels, the consumption for food at
297,162,6 $50 bushels and for seed at $500, 900
bushels, of which about SO, 900 bushels were
for winter wheat Dcducting the winter seeding
and eight months consumption from the years
supply. and also 73.715i26 bushels actually cN-
ported during the eight months already elapsed,
there would remain 2lG,20i,24j bushels The
Government report makes the quantity in farm
crs' hands and in visible supply lsi99S,3s3
bushels. which would leave only 81 .20J,s62 bush
els elsewhere, and in Brads:rcet's returns from
minor points about 15.000.000 bushels outside
the visible supply" are accounted for, while
the quantity on hand in the form Of -four can
at no time be less than l6.0O0, 900 bushels more. so
that the quantity of wheat in the country cannot
he less than my estimate, if the Government report
is reliable.
Further. the Government rep RI a'cords sub
stantially with my estimate of consumption for
the current year. The farmers stock and visible
supply March l. 1s~9. were 1iiO0O,OJo, ana
the crop Of 1850 was 400, $50, 900 bushels. max
ing the total supply G3i,j60,oj9 bushels for + g
year. The exports for twelve months crdn-
March have been 90 1877 bushels, tie Gov
crnmcnt estimate of consumption as SEED is ~.
coo. OOO and my estimate of consumption adjusted
10 the mean population Of the year ended March !
would b. 2gi 500. 9g7 bushels. leaving only
lsG.293.ie bushels for farmers stock and VS.
hlc supply March /. 1890. which is but 1.2yi.'i2
4 n
quantity which might easily have be IN drawn
from outside warehouses for elevators. or else
added - winter wheat seeding if the increase IN
acreage sown should prove about 900 600.
These figures prove. moreover, that the Official
estimate OF % bushels per inhabtant for con-
sumption is excessive, rs respects the current
year or past years. because on that basis this
years consumption would be 10000. 600 bushels
more SO that the quantity remaining in farmers
stock and visible supply could not in that ease. be
as great as it is officially reported Further. Lad
such n consumption existed in only three Of the
last SIN years there could have been 10 surplus
brought over last July from previous years. and
this YEARS total supply. less eight months con
sumption and exports. would have left the guam
ity remaining on hand. MaicL !, many million
bushels smaller than the quantity actually found
according 10 the onioal report
The preliminary report for February shows cV-
ports equivalent 80 g.3-3.jsi bushels wheat.
against ij-G.13l last Year. leaving eNportah"
for the months Of Narch-Iunc. inclusive. only
se,e5ooe7 bushels. according 10 my previous
estimates Last year only 25.i13.pli bushels
were exported in those &lourhs II tie outgo
should Ice twice as great from thi, time until July
!. there would still remain neat July more than
i-.ooo.o0O bushels in excess of tie pinmun
stool, brought over July !. l-S2. whatever that
uuasccriaincd minimum may have been
WORK. March -. 1890. w. VI. g.