The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1891-08-04
WORLDS WHEAT SITUATION.

| IH0 eullOT VI Ilc SiHCiuudtt L IlCo SttI
rent, who is recognized as high author
ity, has the following to say on TIT
"World's Wheat Situation"
As rule, the tendency Of observers il
| to overestimate the extent of an appar
ent deviation from the average or usua
condition of crop. This becomes afac
| tor in calculations where there is def
| cheney, as well as where there is an ex
cess.
In European countries, France is by
far the most conspicuous in the produc
| ton of wheat, and also takes first ranE
in the consumption of this cereal. the
United Kingdom being second. The Lat
! ter country, however, is the more impor-
| tant in its bearing upon the question OF
values, for its requirements are so largely
obtained from other countries. Ordi-
narily, the annual importations of the
United Kingdom are equal to or ex-
coed the total of all other
European importations of wheat
The average annual production and
consumption of wheat of the different
countries of the world generally recog-
nized IN commercial statistics, aggregate
about 2,100,000,000 bushels, of which
GulODS COuSulHtS dDOub TWO anu
produces about so per cent.
The wheat crop in France, chiefly au-
jamestown, as a rule, was SO seriously
impaired by the severity of winter con-
ditions as to awaken apprehensions early
III the season as to the extent of the in
jury. Considerable Of reparation to the
crop was accomplished by spring SOW
ings, but it is authoritatively stated that
a very considerable area was abandoned
to other crops. These conditions, with
more or less impairment in the wheat
crops in the other continental countries,
have been Influential in speculative op-
eratiOns, and there is ground for the
view that the extent of curtailment in
the seasons production has been some
what exaggerated.
A careful review Of available inform
alton in regard to prospects of wheat
production in Europe this season leads
to the conclusion that approximately
1,115, 900, 900 bushels may be expected,
as compared with 1875, 100000 bushels
last year, when the total was somewhat
in excess of the average Of good and
poor years, the indications this year
being for quantity about equal to the
European production in 1888.
X
This approximation implies a reduc-
ton of 100 200, 900 bushels of wheat this
year in the European production in COM
parison with last year, and $50, 900. 900,
or % per cent, below the aggregate of
the largest crops of each of these coun-
tries during the past seven years, which
logically suggests that the present crop
represents about rs per cent of a full
condition, considered in its entirety, for
Europe, and about IL per cent below the
average of good and bad years, which is
about $50, 900, 900 bushels.
Turning to other resources for wheat,
the indications for India, Algeria, Egypt,
Australasia and South America, point to
an aggregate of about 355, 100000 BUSH
elsa quantity slightly in excess of esti-
mates for 1890, and compared with $780,
600, 900 as the annual average of good
and bad crops during the past seven
years.
In the United States, 525, 100000 is
fair estimate for present calculations,
and for Canada 40, 100000 represents
quite fully the probabilities of the season,
a total of SO, 900, 900 for North
America.
Tabulating the totals for Europe, the
group of countries representing India,
Algeria, Egypt, Australasia and South
America, and the United States and
Canada as North America, the following
are reached: