Courier Democrat. (Langdon, N.D.) 1891-1920, 1891-08-27
day, yet it is not altogether improb-

day, yet it is not altogether improb-
able that the rumor of the intention
to stop the export of wheat as we'll
as of rye is still regarded as likely
to turn out to be true, simply be-
cause you can believe nothing and
be sure of nothing in Russia for
twenty-four hours together.
The Russian ministry of finance
has just issued a statement showing
that Russia had no option to prohi-
bit the expectation of rye. Last
years crop in Russian Poland was
676, 100000 bushels. This year it
not likely to reach 44o, 900 BUSH
els, which quantity falls short of the
requirements for home consumption
by 100000 bushels. Germany
and Holland alone take annually
about 45,0oO,OOO bushels of Russian
rye. Wheat is to supply It's place
this year. Influential German Jour-
nails are pressing the government on
the necessity of reducing the duty
on imported cereals, 1t is believed
that the emperor is inclined to do
this, but is advised against it. The
reduction of railway rates and the
supply of white bread to the army
are looked upon as half measures.
The German government seems
determined not to be forced into
hurried action, evidently believing
that when the present excitement
has passed away the commercial cri-
sis will right itself upon the ordin-
airy lines of supply and demand. Ger
many generally imports from 2O,-
100000 to 24,ooO,ooo bushels of
wheat. This year, it will, accord
ing to present estimate, be obliged
to import 36,0OO,OOO bushels. Even
the most favorable estimates this
year figure a deficiency of 25 per.
cent. In Russia the crops are fairly
good, but through Western Germany
they are very bad.
IOOh otlbOOh IN r1kAN CE.
According to the latest figures re-
ceived from France, one of the
greatest wheat growing countries in
the world, the crops will fall much
behind the average. The National
Association of French Millers, which
is inclined to put cheerful face on
things, estimates the wheat yield at
22+, 900, 900 bushels against 3l2 900.
900 bushels last year France ex-
ports little wheat, even when it has
a good crop. This year it is likely
to import fully l2o,0O0,O0O, Italy,
as rule, imports about 2s,00o,00o
bushels of wheat each year, 1t grows
on an average l2s,O0O,O00 bushels.
1t is not appreclably short of wheat
this year. Part of the deficiency in
this cereal will be supplied with
maize, of which the Italian crop is
good. In fact, in many countries,
where the wheat crop is good, the
maize and barley crops are large. 1t
is not believed that Italy will want
100000 bushels Of wheat at the
highest estimate.
The opinion of Sidney Klien, of
the firm of William Kllen & Sons,
one Of the wealthiest wheat firms, is
worth quoting. Sidney Klien is al
most as well known in Chicago as in
) London. He said:
!, "American farmers ought to real
ize that they have the whole world
under their thumb. They are letting
wheat out freely. Russia is 172,-
100000 bushels short of rye for its
own consumption. Most of it's rye
used to go to Germany where the
whole army was fed on rye. Bel
GUM, Holland and Germany are
also short of rye. This deficit must
be made up with wheat from some
J, where. Italy wont need more than
J, 100000 bushels of import this
year. France has fallen short and
will acquire about 96,OOO,OOO bush.
els. England will need the usual
import Of l4O,OOO,OOO bushels.
should think that the States harvest
will yield fully $50 million bushels
of wheat this year. Europe must
], have wheat, and American handlers
have the market entirely at their
control. Almost any reasonable
price will be given for it. There
are two things which are factors in
the present market. I believe that
the young German emperor will fin.
ally get the import duty taken of
Of wheat shipped to Germany. This
/ would send wheat UP or S shilling
j per quarter all over the world. Am.
erican spectators will probably run
/ it up Is or 20 cents a bushel above
! present prices; then, if Russia pro.
l L = L Al. A r = =