Staunton spectator. [volume] (Staunton, Va.) 1849-1896, 1891-09-09
Increase of Crops this Year over last
Year.

Increase of Crops this Year over last
Year.
In view of the general deficiency in the
nations of Europe, it is very. fortunate for
them as we'll as for us that our country is
blessed with such abundant crops this year.
and such great increase over last year, in
wheat, corn, oats, and rye. The estimated
increase of wheat over that of last year is
1856, 738, 600 bushels; of corn, 550,030, 900;
of oats, ITO, 379, 900; and Of rye, 1850, 600.
AS Henry Clews & Co., say in their
financial bulletin of September 9th, "the
result is highly gratifying. We have in
round numbers, taking the cereals COM
bined, 014 million bushels more than last
year; this gives us an exportable surplus Of
2 million bushels of wheat, and, in ad-
dition, a large quantity Of corn. Now turn
to Europe and observe the conditions there.
With the exception of England (and she il
obliged to import 140 million bushels of
wheat annually more than she grows) every
wheat-producing country there is largely
deficient in its harvest, and it is estimated
that at least $50 million bushels of wheat
will be required to cover the SHORTAGE
Last year the European rye-crop upon
which the poorer classes in such countries
as Russia, Germany and Austria subsist)
amounted to 1,040 millions, while this year
the yield will not be over GAO Millions
That the deficiencies abroad exist as stated
above, there seems to be no reasonable
dou bt, and aa America is the only country
with large surplus Of wheat, Europe
must turn to Us. Europeans have not beer
ed ucated to eat Our corn, and it has been q
matter of C comment that our Government
has never taken any active steps to bring
about that result. However, with the large
existing hortages abroad, corn will have to
be accepted for food, and once the expert.
mant is tried, it is not likely to be re-
than either wheat or rye.
The move ment Of grain at interior points
has been cry heavy, the receipts showing
an increase of 65 per cent over last year.
The immediate effect of this is seen in the
increased earnings of several railroads,
whose statements have lately been pub
iished, and suggests some idea of what may
be expected in the future, when the move
Eent becomes more general. Another
promising feature, in fact the most en-
couraging sign that has yet appeared, is the
announcement that consignment of 3d.
100000 gold has been engaged for ship
men. to this country from the Continent
1t is understood that these are "speciap'
transactions, as the rates of exchange are
not yet low enough to admit of gold being
imported at profit. 1t will be 1emem.
bered that great part of the gold recently
shipped from this country was taken from
ms under what was termed Especial
transactions. It is highly gratifying,
therefore, that the first consignments of
the return fow should come back to us
under the same heading. These "special'
transactions will probably favor US from
how on, and it is expected that the move
Inent to this side will receive fresh
impetus soon, as foreign exchange is be-
coming heavier each day, and, if continued,
will soon be at the gold importing point
Under these circumstances it is not un-
reasonable to expect that, if not the whole,
at least the greater part of the precious
metal which was taken away from MS will
soon And it's way back again to Its natural
resting place."