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

~ W assume the place as an exporter OF
wheat, which we are about to vacate.
The area of Argentine is about half
that of the United States with popula-
ton less than ours 100 years since and
certainly no more enterprising and pro.
gressive. When Argentine has a large
amount Of wheat for sale we shall need
part Of IL.
In view Of the fact that we must soon
cease to supply South America and West
Indian requirements, Argentine will do
remarkably well to meet the demands
from such quarters, so that after a very
few years Europe need not look to either
South or North America for any part of
the needed supplies.
H. Kains Jackson is, since the death
of james Card, looked upon as the
English authority on this subject, and to
show that others are looking for. high
prices I quote the following from com.
munication Of his to "Dornbusch,"
wherein he says: "While foreign COM
petition has depressed wheat, some of
the depression is due to the poverty OF
the English farmers, who have under.
sold wheat In the English markets. In
fact the Spectator estimates the loss to
English farmers in recent times from
low prices and decline in land values at
$4,000, 100000. Which of the
wheat-producing countries is producing
more than ten years ago? America in
1880 has but about the same wheat area
as in 1880. Canada, making considerable
promises in recent years, has not full.
filed them in respect to exporting
wheat. Egypt sends now but trifling
quantities. Spain is no longer represented
as a source of supply for wheat or -four.
France, which once forwarded much
best quality of -four to the United King
dom, scarcely sends now sack. Ger
many still sends of its best wheat, per.
haps, 9O0, 900 bushels in the last year,
but Baltic supplies probably are not
tenth OF what they once were. India is
one OF the new great powers of wheat
supply, but has not advanced as a source
OF late years. Moreover, about half of
1ndia's shipments do not come to Great
Britain. Australia has to be reckoned
with. Advance, Australia! You are a
wheat seller to England of perhaps A..
100000 bushels in your best seasons.
Russia's statistics do not 60 back many
years. The 1SS9-90 exports are not ex.
pected to equal those of the previous
two seasons. Other countries, clump.
ing together Persia, Ls Plata, Chill, etc.,
do increase their wheat shipment but
not to an important extent. England,
lastly, has considerably diminished the
wheat area. Looking
at the other side Of the medal--at the |
increased consumption of wheat in the
last ten years, what do we see 2? America,
at home, it is stated, is eating more to
the extent of 75,0OO,OOO bushels; the
United Kingdom calls for 16S,OOOOOO
bushels, say 100000 bushels augmen.
tation. In ordinary seasons France is
now yearly buyer of wheat 100000
to 28,0O0,0OO bushels more than was
usually the case ten years ago. Other
continental buyers, Belgium, Holland,
Italy, Switzerland, Portugal, etc., to.
gether form a great wheat buying power
that scarcely existed ten years SINCE"
The Liverpool Corn Trade News says:
"The importing countries need $4,000.
600 bushels from the crops of 1889, while
the exporting countries can spare but
BIZ, OO,0OO, if so much, and that there
practically, no reserves"
The Buffalo Milling World says:
with India assuredly short, with the
United States prospectively short, and |
with only average conditions in Russia
and other European countries, it is not
sasy to see how wheat values can be pre-.
vented from rising very far above the
ow level of the present time"
The great Minneapolis miller, Mr.. G.
A. Pillsbury, says: "That consumption
s increasing annually in the face of
decreasing supply, and that he believes
hat during the next five years the Min.
neapolis mills will grind more dollar
wheat than under that figure"
"Beerbohm," Of April 30, says: "Every-
hing tends to show that the last three
months of the current crop year will wit.
ness an unusual scarcity of English grown
wheat"
J. s., in an elaborate article in the
Glasgow Herald, estimates the shortage
in the European supply from the worlds
crops OF 1889 at l30,O00,OOO bushels,
which must be made up from the worlds |
reserves.
If the preceding estimates are approx.
imately correct, as the authorities quot
ed indicate, then high prices for wheat
seem inevitable, and when wheat ad.