New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1895-06-21
UHEI r.
THE YEARS srATlsTIcs-cRoP ABOUT 3ooooooe
BIsHELs-PREsENT INDICATIONS. $6d.-
100000 THIS YEAR

BUsHELS-PREsENT INDICATIONS. $6d-
100000 THIS YEAR.
To the Editor Of The Tribune.
Sir. The wheat year Is so nearly over that it,
results can be stated with considerable certainly
Exports for two weeks OF June have been Aeo'-
900 bushels. and may safely be reckoned at w.
00o 900 bushels for the month. making l4AoVooVV
bushels FOR the year. Of which about lo6oVooV0
bushels were from Atlantic ports The decrease
OF about ol0 900 bushels In total exports HOUR
included and fully 25o000oo bushels in exports
from Atlantic ports. was not mainly due 10 any
lack Of supply for receipts at principal western
ports have been only 100000 bushels less IMAM
In the previous year. and the visible supply ~"
about A. 700 900 bushels Will probably be only N.Y.
600 600 bushels less than a year ago. or HoVoW
bushels Adding at least half as much for o,ne'
available supplies We shall have at least es'ooo'
ooo huxhe,s ~ carry over at the end OF the crop
wear. besides the usual stock Of -four ana the
minimum supply Of wheat
These results accord entirely with my estimate
a. the beginning OF the last crop year. when the
Government reports were putting the yleid AZ
lea. than 400 900 900 bushels. and the quantity
brought over from previous crops was about ~
600 900 bushels. the visible supply being 64'oo'"v
bushels Instead Of 4s2 O00 900 bushels the couh'
try has actually disposed of more thah 'fV,VV''-
600 bushels and has 6s.ooo.oOo bushels ieit'
then estimated the crop at o3oooo'ooo ous"e'a.
and the country has consumed Tor 1000 anu s'e"
3735O0 900 bushels and exported lffoooo'V ous"e'~
besides feeding to cattle quantity esuiNa'eu
by the Agricultural Department at oioV""V
bushels which probably was not half as great
Allowing 80 oO0. 900 bushels for cattle ana ooooo'
600 bushels carried over. the quantity accouh,eo
for would be Si3 800 900 bushels. OF which s2Voo-
600 bushels were brought over from previous
years. leaving $751; 800 900 bushels for the produc'
ton In 1894
r. anv one find. satisfactory reason for bel!ev-
ing that consumption as food was smalier ina"
the usual average per capita, or that feeding to
cattle did not take half as much wheat as 'hc
Department estimates. he can then reckon the
production somewhat less The mort comma"
trade estimate ia about five hundred and twenty
million bushels and the estimate OF the quaht'y
fed 70 cattle may easily be 100000 bushels 100
largo But the Departments supposition that
Ct 900 900 bushels were fed TO cattle but only so'
hushe,s per cap.ta were used for human food al
the lowest price ever known. against the usual
consumption or Ato Ousheis 10 s""''''""' "
to disprove itself.
This comparison Is essential because all esu-
mates Of the coming crop are based In large
measure on the ideas OF the yield in 1894. Inc
pepartment now estimates the yield at 4ooo'vVvS
bushels. as II did a year ago. The orange 1uu'
Farmer" estimates 434 1000 bushels. ana me
prairie Farmer" 446. 700. while the "Minnesp
OILS Journal estimates 5ll.0oo,ooo busheis. ine
root OF the difficulty is that the Official returns o
acreage have been absurdly low for years. me
cst.mate OF decrease In acreage TINS year 10 o''y
! 29 per cent and careful comparison Oh 'ne ae.ua
OUTPUT for the past four years indie ates Una. a.
| that rate there will yet remain SsSfo'"" "sirs
devoted TO wheat The official estimate OF V v,.
| dition IA 10 per cent lower than last year, pus
| there Is much evidence that II does NOT anow
adequately Tor the exceptionally good lrospsTSss
| az spring wheat. II seems probable thar, uhiess
! injuries vet 70 come reduce the yield. the aver
| are will be as much as IL bushels per acre anu
| the aggregate 466. 900 900 bushels Att,
With &C. O0e 900 bushels carried over July l. WE
would give supply OF 5s2.ooc.ooo bushels. ana
would leave for export a larger quantity tnan
| has been exported during the last year but II
| the foreign demand should be as large or larger,
| stocks would be reduced on this basis lower IMAM
| Tor Years past. so that a better range OF prices
might be expected after the pressure or accufiu'
| lated old wheat had been n measure reheVeu =;
| n anvbody credited the Government estimate on
Weld ne might reasonably reckon current prices
| absurdly low. w "' '"
| New-York. June 20.