The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1897-09-14
WHEAT WILL STAY UP.
The Worlds Shortage Cannot be Re-
Iieved for Some Time to Come.

ieved for Some Time to Come.
Washington, Sept 1.-THE following
relating to the wheat situation is an ex-
tract from the complete monthly report
the agricultural department, which was
issued today
High prices for wheat have for sew
eral weeks past been bringing out sup
plies quite freely and increased supplies
have in turn reacted upon prices, caus-
ing some decline from the highest fig
ureS of August
The general tenor of the information
CLEANED from all available sources is
not, however, of a character to warrant
the expectation or the fear, according
as the matter is regarded from the con-
sumers' or producers point of view. OF
any material cheapening of wheat until
another crop is in sight with prospect
of ampler stocks.
With an annual average European
product of over /, 42S, COO 900 bushels dur
ing the six years from 1891 to 1896. in
elusive, we exported an average of 1885,
Sf3,S42 DuShelS year. This year the
European crop, according TO BrohmalS
corn trade news, will, in round num-
berS, amount to .329. 000, 900 bushels. or
100000 bushels less than the average
of the six years in question. if We make
the comparison given by BerbOhm for
1897 the deficiency in the European crop
is still greater the figures in millions
of bushels being;
Average for 1S91-1S96, /, 42S; crop OF
1897 1915; difference, 113
There is, according to Berbhom's es-
innate of this years crop, deficiency
of 113 million bushels in European
countries as compared with their av-
erage product for the six years 1891
1S96-an average which includes the eX-
ceptionally small crop of 1881.
To make up the deficiency little help
is to be expected from India, Argentina
or Australia for months to come, and
in so far as Europe will have to export
a larger quantity than usual, she will
have to draw it mainly from North
America, and especially from the Unit
ed States, the Canadian contribution
being relatively small. official returns
for Ontario and Manitoba give for these
two provinces an aggregate of 5l.O42, 253
bushels. If the Argentine crop shall es-
cape the raVageS Of locusts, II seems
likely to turn out unusually well, and
from January, 1898, when the bulk of
the harvest viii be got in in Argentina,
that country may have more or less
wheat to export, as the latest mail ad-
vices represent the crop as being in fine
condition and the weather favorable.
There are, however, many chances or
serious damage during the next three
or four months.
The latest accounts from Australia
indicate that the drouth from which
that country has suffered for the last
two or three seasons has been broken
and that the wheat crop is giving good
nromise throughout most of the Au-
straIian colonies, but the area was mar
rowed by drought at seeding time, ana
as stocks must be low, IL Is mol AheAS
that even with a full yield, the crop
will be one out of which any great
amount can be spared for expectation
The present high prices would oful-
nariIy tend to encourage the SOWING or
an increased breadth in India should
the weather be favorable this fall, but
any inclination on the part or the poor
err cultivators to take advantage OF
such favorable conditions Will propa-
blv be in a great measure thwarted by
the impoverished condition in which
thew have been left by the famine in the
greater part of the wheat growing dis
trictS.
But leaving out of view the fact thaS
the burden of supply for Europe viii
fall more largely than usual upon the
United States, it is evident that there
would in any case, be demand lot
larger surplus than is to De expected
out of this years crop.
If to our average and annuaI eA-
ports for six years, 1892-1SSI, we adu d
European shortage OF - mlillon push-
els. as figured out by Brohmal, we GET
total of 265, 373, S72 bushels, and IN SO Tar
as we fall short of supplying thal guam
titv. Europe as compared with an aV-
erage wear. must suffer a scarcity IN
her bread supply except IN SO Iar as
she can avert it by drawing on the
stocks that may remain out OF previous
crops. ,.
The worlds reserves have, however,
hean reduced in consequence OF Ihe
short wheat crop of last year, ana a De
6ciency in some of the other important
food crops will not tend TO relieve thS
tension of the wheat market