The Valley Virginian. [volume] (Staunton, Va.) 1865-1895, 1891-08-27
A Market for Our Wheat

A Market for Our Wheat
New York Times, Aug Il.
our reports from the leading wheat
growing States, which we published Yes
1efoay, Indicate that estimates of the
ne" crop heretofore made were not toc
large 1t is now believed that the cron
IN Kansas will be 10000, 900 bushels. q
quahtity considerably in excess of the
governments estimate. Very favorable
reports come from parts of Minnesota
that IN other parts of these States the
plighting of the grain has reduced the
yield by from seven to ten per cent
Losses due to this cause appear to be
| oHset by gains elsewhere over the ORIG.
! NAL estimates. A large part of the spring
| wheat crop has been harvested and Is
! safe, -
+! The most trustworthy estimates. off,
cial and otherwise, of the entire crop
| have been in the neighhorhood of $685.
0O0, 900 or $40, 000, 900 bushels. Last years
crop was only $4,000 600, while the crop
of the year before was 400. OOO. 600 In
1879 and 1880 the quantity was less than
900, 000, U00, but from each of those crops
we exported more than $780, 900, 900 flour
included the exports for the two years
having been 367, 600 600.
now much shall we be able to export in
the coming twelve months without en-
croaching upon the supply needed at
home? The accepted estimate of the
quantity required at home for consump-
ton, including $4,000, 900 bushels for seed
is about 355, 900, 900 bushels This is to
be taken from the new crop and the
quantity carried over from the last one
1t appears to be admitted by the author
tiles that the surplus carried over is not
less than 20,000000 bushels If the new
crop should be as much as 535, ZOO, 600
bushels, it would be possible to export
200, 000, 900 bushels.
Surplus carried over .................. 200UOGOO
Total. ........................ 555,oooooO
Required for home consumption. $50, 100000
Exportabie surplus 200, 100000
If the new. crop should be less than
this estimate by 10000. 600. we should
still have nearly as much to sell abroad
as we sold out Of the crop of 1879 or the
crop of 1880.
Ii we can send 200.000000 bushels to
Europe, it will be taken there if the
price be not too high. We have hereto
fore pointed out the exceptional condi-
ton of wheat supplies in European coun-
tries Many estimates of the quantity
of wheat that will be required by the
countries in Europe which do not supply
their own wants, and of the quantity
that can be sold to them by other coun-
tries in Europe which commonly have
wheat to sell, have recently been pub
lished. Some of these estimates, which
set forth a most alarming deficiency, were
misleading. A conserva-
tive review of the situation written by
The well known London correspondent
Of Bfadstreet,s, was published by that
Journal on the Sth inst. The average
annual quantity Of wheat exported from
Russia for the last five years has been
about 90,000000 bushels 1T seems
liberal allowance" says the correspon-
dent of Br0dstreets, ito reckon fthis
year, on an export surplus of 4000O,000
bushels. Nothing is subtracted on ac-
count of the shOrtness of the rye crop,
in order to avoid eXaggeration of the sit
uation in Russia But it is well>knOwn
that there is a very great shortage in
rye. and since this review was published
the Russian government has forbidden
the expectation of this staple
Having considered the indications in
all the European countries, the CORE
spondent finds that the countries pro-
ducing more than they consume will
have 90 DOC, 900 bushels to sell
lincluding 10000 G0 for RUSSIA while
the other countries will need ST. .OOO, 600
bushels more than they produce Here
IS defic;ency of 231, 000,oe0 bushels to be
supplied from countries outside of Eu-
rome, and we are inclined to think that
this estimate is too small If the average
quantity be allowed for India say 49,
'wU.900, there will remain $4,000, 900 to
be sent from the United States Austria
lia Canada, Northern Africa, Egypt and
South America. 1t does not seem prob