The herald., 1897-11-17
From the Countries Be-
yond the Sea.
HEAVY EXPORTS FROM RUSSIA
ARE NOT LIKELY TO BE LONG
CONTINUED
Stock of Cereals on Hand Is Small,
With Fair Promise for Next
Season
Associated Press Special Wire.

| WASHINGTON, Nov. 16.-The agri-
cultural department has issued its
monthly review of the foreign crop sit
uation. Much attention is devoted to
the grain crop of Russia, especially
wheat on account of its magnitude as
factor in the European supply. The
review says that all accounts agree in
representing the wheat crop as deficient
but as to the extent of the deficiency
much difference OF opinion exists. After
quoting many dispatches painting the
| crop situation in various provinces in
very black colors and the statements OF
our consul at Odessa that this years
crop has proved failure, the review
calls attention to the fact that since
harvest Russia has exported grain very
freely"
THE exports of wheat from August 1st
to October 2Sd," says the review.
amounted to 4,152,S40 quarters against
2.SS5,049 quarters and 3,3S3,7S0 quarters
during the corresponding periods in 1885
and 1895 respectively. These very large
exports have led commercial papers to
withhold their credence from the more
pessimistic of the reports which have
been published. That the crop was de-
ticient was admitted. but that the failure
was so serious as such reports implied
few of the grain dealers of western Eu-
rope believe. Recently, however, some
change of attitude is becoming apparent.
Stocks in the ports are not increasing in
the manner usual for this time of the
year, and the opinion is freely expressed
that oftar foiS 1,o
lied on for only very moderate ship
ments.
1T is generally understood that Rus
sia had large stocks of wheat left over
from the crops of the preceding year.
and this fact coupled with the good
prices which have prevailed, may ac-
count for the large exports which have
taken place, even though the crop fail
ure in large parts of Russia has been ex-
tremely serious
The review says the estimates of the
Russian crop are so uncertain that their
reproduction would be of doubtful util-
ity
The preliminary figures for France
show reduction of &c per cent below
1896 and II per cent below the average
for ten years. AS for five years France
and Russia produced 26 per cent of the
worlds crop, the review says a heavy
shortage in both countries would, there
fore, be sufficient in itself to produce
very sensible effect on the worlds sup
ply, independent of the short crops in
Austria Hungary, the Danubian and
Balkan countries and elsewhere. and the
shortness of the last crop in India Aus
tralia and Argentina
In Germany rye, which is the princi-
pal bread grain in that country has
been officially estimated at per cent
less than last years crop. The various
estimates for Austria Hungary are
more or less conflicting, but there is no
doubt as to there being a heavy deficit
in the wheat crop.
The wheat crop of the United King
dom is estimated at fifty and two thirds
millions bushels.
The preliminary estimate OF the Ital-
ian wheat crop makes it So, ,131 900 BUSH
els against IA, 722. 700 bushels last year.
The Roumanian wheat crop is estimat-
ed at 37,134,720 bushels.
The Bulgarian wheat crop is estimat
ed at 40 per cent; rye at So to 40 per cent,
and barley at % per cent less than last
year.
The wheat crop of Turkey has been es-
timated at 50,S0000O imperial bushels.
AS regards crops now growing in the
southern hemisphere. the news contin-
ues to be favorable on the whole. In
Argentina drought, which for a time
in some provinces threatened serious in
jury, seems to have been generally
broken and danger of any serious loss
from such g. source seems now in the
advanced stage of the crop to have
passed.
The Indian wheat crop has been sown
under favorable conditions and the
same is in general true OF the winter
grain crops of Europe and both in India
and in Europe the weather seems, in
the main, to have been very favorable
to the growth of the seed.