The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1897-09-14
PRICE WILL KEEP Up.
Shortage I'm Europe So Great That
the United States Alone Cannot
MAXI


WASHINGTON. Sept. 1.-The follow
ing relating % the wheat situation. II an
extract from the complete monthly reuo-t
OF ar. John Hyde the statlsticlsn Or the
AGRICULTURAL department. which Will be IS
sued tomorrow:
High prices for wheat have for several
weeks past been bringing ogt s,1uulf@.
quite freely. and increased supplies have
10 turn reacted upon prices. causing a re-
action from the highest figure Of August.
The general tenor OF the Information
Cleaned from all available sources Is not.
however. Of a character TO warrant fhs
expectation or the fear. according As ahs.
matter ~ regarded from the consumers
or the producers point Of yie~ OF any ma
terial cheapening OF wheat until another
crop Is in sight. with a prospect Of ampler
stocks.
With an annual average European prod
uct OF over f.s2S co, COO bushels during fhe
six years from 1891 TO ISL. inclusive. .gs
exported an average OF 1ss zsz.s7z bushels
a year. This year the European crop. ac-
coralng 20 BromhaNs Corn Trade Sews,
VIII ~ round numbers arncant 70 rs CSC
60 Winchester bushels. or q. ~. 30 bushels
less tran The average OF the six years In
question. II we make the comparison with
the nsuras given BY Beerbohm for 1887. the
deficiency 81 the European crop Is zilII
being: Average fer lssi-ss. l.szs. crop OF
1897, 1915. difference. ll3 That Is. accord
ing 20 Beerbohm's estimate OF this year
crop. there Is a deficiency Of 1890 go
bushels In European countries as con-
pared With the average pr0dUct for ne
past SIX years. an average which includes
the exceptionally small crop OF lbSl-
To make up the asaciency. little help Is
10 ba expected from india Argentina, or
Australia for months 10 come. and 10 80
.ar as Europe will have 10 import a l+feer
quantity than usual. she viii Rave 90 draw
II mainly from North America. and espe-
ciaily from the United States. the Cana
dian contribution being relatively small
Oaisal returns for Ontario ard MANITOBA
give for these two provinces an aggresale
OF 5i0f2 2s3 bushels. II the Argentine
crop shall escape the ravages Of the 10
Gusts, il seems likely to turn OUT unusually
well and from January, l%N. when the
bulk of the harvest viii be got Ia Argen-
lima. that country may have more or less
wheat to export. as the latest mail adj
Vices represent the crop as bsing In tine
condition and the weather highly fasofa-
be. There are. however many chances OF
serious damage during the next three OF
four months.
The latest accounts from Australia indi-
cate 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 promise
throughout most Of the Australian colo
nles. but the area was narrowed hy drouth
at seeding time and stocks must be
low n IA po5 likely that even with fun
yield the crop viii be one out Of which
any great amount can be spared for eN-
portation. The present high prices would
ordinarily tend 10 encourage the sowing
of an increased breadth in India, should
the weather be favorable this fail. but
any inclination on the part Of the poorer
cultlyators 10 take advantage Of such IA
vorable conditions viii probably be IN
great measure thwarted by the impover-
ished condition IN which they have been
left by the famine ia the greater part OF
the wheat-growing districts.
But leaving out Of view the tact that
the burden OF supply for Europe Will fall
more largely than usual upon the United
states, II Is evident that there would.
In any case De a demand for larger
surplus than Is 10 be expected out Of this
wears crop. IT, then, % the average an
nual export for the six years. tS9s ~. we
add a European shortage OF ss.No0N
bushels a. figured out by Rroomhali We
get a total of 2B5 s15 So bushels, and N 50
Far as We fall short OF supplying that
quantity. Europe. as compared With an
average year. must suffer a scarcity IN
her bread supply. except IN 50 far as she
can avert Il In drawing on the stocks
that may remain our nf previous crops.
The worlds reserves are. however re
auced IN consequence of the short wheat
crop OF last year. and deficiency Ia some
other important food crops will not tend
10 relieve the tension OF the wheat mar
ket.