Fort Worth gazette. [volume] (Fort Worth, Tex.) 1891-1898, 1891-10-19
EURoPE'S WHEAT SUPPLIES.
Great Increase Last Month in the Worlds
Stocks of Grain.

Great Increase Last Month in the Worlds
Stocks of Grain.
One of the best authorities in the world
on the subject of crops and breadstuffs sup
plies. the Liverpool Corn Trade News,
gives some figures which have been ca0led
to the Chicago Daily Trade Bulletin, show
ing that the farm ers of the Old World are
selling their wheat about as freely as are
the American farmers. The figures show
that stocks of wheat at principal points in
Europe increased during September almost
Is 600, 600 bushels. Part of this increase,
of course. was due to the big receipts from
America. But half OF il was in Russia.
The big American exports had nothing TO
do with that.
Following are the figures with cOmparl-
sons, showing wheat in store in Europe:
United Kingdom. bushels ..lo,0t0Oo0 10000
France. bushels. .......-....- l6.U0D,0NO 1lUG.OD
Russia bushels -. . 10 10000 $500 600
Other countries bushels. .. l2, 7C0G0 10000
Totals .................... 5s.sOo0Oo 3luOO,0J0
To this must be added the quantity of
wheat (and -four as wheat on ocean pas
sage to Europe:
Oct. !: Sept;
For the United Kingdom. $4,000 6.l0l.Gc0
For the Continent. -.::Uo0O 2sUoolU
For orders. .-......-.....- ..20o,0O lO,7OO,DO
Total 10000 IS 10000
The total European supply Of wheat in
sight on October l. according to these tig-
ures. was 1890 coo bushels against 90. $780,,
900 bushels September /.
The supply of wheat and -four in sight in
the United States and Canada October l,ac-
cording 10 the figures compiled by the
Trade Bulletin. is as follows
Wheat in United States east Of Rock
les Al, .,1,OOv
Wheat in United States wtst of Rock 900 ~,
Wheat in Can a la ACKNOWLEDGEMENTS l5u COZ
Flour in United tltes. equal to-. 5,5sO,OOO
Flour in Canada. equal to............... 3!..E0
Total. SO 9Nooo
On September l cores ponding compila-
ton showed about 5l.500,G00 bushels in
storehouses ut principal shipping points.
The total wheat and -four in sight in Eu-
rope, atioaJ for Europe ana iii America,
therefore, WIS, on October l, about 49,
200, 900 bushels; on September about l2l,-
300, 600 bushels. an increase of 33, 900
bushels during September.
If, in the present and succeeding months.
this increase should be continued proper
tionately, and it is not unlikely to be. there
will be- on December !, more than 200, 000, 900
bushels of wheat III sight in the world
of wheat to be in the storehouseS and the
ships Of the world at a time when there is
apparent widespread scarcity of breadStGffS
and starvation present and imminent
throughout the entire thickly populated
continent.
The fact that the prices OF wheat abroad
are so well maintained in the face of this
rapid accumulation of supplies shows how
strong IS the belief among foreigners that
the market for months to come is more
likely to advance than to decline.
The heavy increase il stocks of wheat the
world over is explained by the theory that
the nigh prices, compared with those of re-
cent years, have stimulated active early
marketing of grain. Russian shipments Of
wheat have been thus greatly increased
The surplus OF Indian wheat has been
rushed forward TO Europe at a rate entirely
unusual. Home grown wheats have been
delivered freely in France, in England and
in Italy. In the latter country the farmers
have thrown 50 much wheat on the market
that prices were depressed sufficiently to
admit OF some shipments of wheat TO
France; and this, Notwithstanding the fact
that Italy herself will be under the neces-
sity Of importing IS, 900, 600 bushels of wheat
before her next crop is harvested.
Sooner or later there will he a sudden
falling off in these hig deliveries of home
grown wheat in the importing countries; a
big reduction in the shipments from all
parts of the world except America. Then
will come the test of the various estimates
of world supplies and requirements of
breadstuffs If there is the enormous
shortage which is estimated by many re-
putable statisticiaus, then the American
farmer will get a good round price for the
greater part OF his surplus of wheat. If,
on the other hand. such authorities as Mr..
J. Z. Beerbohm of London and Dornbushs
Corn Trade News are correct in their esti-
mates, the producers of America may have
to content themselves with about the Pres
ent fair prices throughout the wear
Lam conducting an exclusive custom tai
isfing business aud carry large STOCK of
Gay worsteqs, imaegted Scotch Jefieviots,