Milford chronicle., 1891-08-21
nurope's Need of Wheat.

The Russian prohibition of exports o
rye is startling, because it shows that one
of the great exporting countries has NJ
grain of any kind to export in consider
able quantity this year. In a time oil
great excitement and high hopes, there
is always danger that due weight may not
be given to adverse facts. There is nc
room for doubt that Europe is going to
require from this country remarkably
large supplies of grain. The only ques-
ton is whether the enormous American
supply will equal or exceed the enormous
foreign demand. This is partly a ques-
ton Of prices and partly Of the result Of
harvests not yet completed. Some pro-
fess to know within a small quantity what
every European country will produce.
But estimates by the most intelligent au-
thorities differ so widely as to show that
these pretentions have small foundation.
Thus Mr.. William r. Bear estimates the
deficiency in France at 100, ooo, 900 bush
els, some French writers make it 100 Co.,
600 bushels, and writer in the New York
SHH puts 1t at los, 600, 600 bushels. Mr.
Bear estimates the American wheat sur
plus at I44 ooo, 900 bushels, though there
Is ample reason for believing that it is
much greater, and nearly the whole crop
OF this country is out of harms way.
The official report just issued BY the
Agricultural Department points to yield
of 544, 600, 900 bushels wheat, 2,O2z, ooo,-
600 bushels corn, $50, 900, 900 bushels oats
and $4,000, 600 bushels rye. No one dis
putes that 10000, 900 bushels surplus
wheat was brought over July /, while the |
requirements for food and seed are but |
354, 100000 bushels, leaving 2Io, ooo. 600
bushels for export. Official estimates in |
raNa -E-1.f II
there 2o,ooo 600 bushels Russia out Of
the way, India is the next principal source
of supply whence all authorities reckon
that exports may be larger than usual.
They were 4I,Soo, 600 bushels in 1887 at
an average price Of II cents per bushel,
and It will not be surprising If a larger
quantity is brought out by high prices.
The exportable surplus Of all the Danu-
bian region is variously estimated at DO,
600, 900 to $4,000, 600 bushels, and Vienna
dispatches Of August IS say that 'the /,
Balkan harvest promises to be excellent.
so that splendid returns are expected by !
the grain exporters. Australia and Z
South America are usually expected to I
supply about 100000 bushels, aud (
Egypt and Asia as much more. Thus es-
Inmates of surplus available range from B
325, 900, 900 TO $50 100000 bushels.
Estimates OF requirements are more un-
certain. Mr. Bear should know the Brit /.
Ssh situation aud puts the deficiency at =
r45, ooo, 900 bushels, much lower than \
many others. His estimate of France h
has been mentioned, and for Germany he n
eckous a deficiency of $4,000, 900 bush b
is, though the New York .SnR puts it at u
1000, 600 bushels because Of the def /
iency Of rye. For the rest Of Europe b
he latter estimates requirements of I6s,- v
90, 900 bushels, but Mr.. Bear Only o. =
oo, 900 bushels Evidently much turns I,
pom the theory that a great quantity Of n
heat will be consumed instead Of rye by 81
eople who ordinarily use rye bread only, Of
ecause it is cheaper. This is a novel
le0ry, and to some minds therefore at or
active. It is much as ifone should rea- Sr
N that the negroes Of the South would tn
/ wheat bread II corn should become
arcer aud desrer than usual. On
The Agricultural Department publishes ~ ~,
the result of a special investigation by ~
European agent a month ago,an est- eee
ate that the yield Of rye in Russia Will wa
short 200, ooo, 900 and possibly 7So. nv,