The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1897-11-17
IT IN THE GOVERNMENTS
MONTHLY REVIEW.
ADMITTED TO BE DEFICIENT.
AS TO THE EXTENT OF THE
SHORTAGE MUCH DIFFERENCE
EXISTS.
LARGE WHEAT STOCKS CARRIED.
Heavy Exports Possible, Even With
Poor Crop Showing for the
Current Season.

NOV. liC eoiA
cultural department has issued its
monthly review of the foreign crop
situation. Much attention is devoted
to the grain crop of Russia, especially
wheat, on account of its magnitude, as
a factor in the European supply. Inc
review says that all accounts agree In
| representing the wheat crop as dea-
cient, but, as to the extent OF the de-
| fciency, much difference of opinion eX-
lists. 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 fall
ure, the review calls attention to the
fact that since harvest Russia has eX-
ported grain Every freely"
1.-THE exports of wheat from Aug. L
to Oct 23," says the review, amount
ed to 4,152 $40 quarters against $780,
O4O quarters, and $685. 80 quarters dur
ing the corresponding period In 1896
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 deficient was admitted, but
that the failure was so serious, as
such reports implied, few of the grain
dealers of Western Europe believe.
Recently, however, some change of at
titude is becoming apparent. Stocks
in the ports are not increasing in the
manner usual for this time of year,
and the opinion is freely expressed
that, after this month, Russia can be
relied on for only very moderate ship
ments.
1T is generally understood that Rus
STA had large stocks of wheat left over
from the crop Of the preceding year,
and this fact, coupled with the good
prices which have prevailed, may &C
count for the large exports which have
taken place even though the crop fail
ure in large parts of Russia has been
extremely serious"
The review says the estimates of the
Russian crop are so uncertain that
their reproduction would be of doubtful
utility.
The preliminary official figures for
France show a reduction of 20 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 re-
view says a heavy shortage in both
countries would, therefore, be sufficient
in itself to produce very sensible eff
feet on the worlds supply, Independent
of the short crops in Austria Hungary,
the Danubian and Balkan countries
and elsewhere, and the shortness of the
last crop in India, Australia and Ar
gentina.
In Germany rye which is the prin-
cipal bread grain in that country has
been officially estimated at 4 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 heavy det1clt
in the wheat crop
The wheat crop of the United King
dom is estimated at 80, 900 bushels.
The preliminary estimate of the Ital-
ian wheat crop makes it 81, 131 900 bush
els against 144, 722, 700 bushels last year.
The Roumanian wheat crop is esti-
mated at 37,134,720 bushels. The Bull
garian wheat crop is estimated at 40
per cent, rye at So to 40 per cent, and
barley at 25 per cent less than last
year. The wheat crop of Turkey has
been estimated at 50,000,000 imperial
bushels.
AS regards crops now growing in the
Southern hemisphere, the news con-
tinues to be favorable on the whole.
In Argentina drought which for time,
in some provinces threatened serious
injury, seems to have been generally
broken and danger of any serious loss
from such a source seems now, in the
advanced state 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.