The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1897-09-14
WHEAT COMING OUT FREELY.
HIGH PRICES INDUCE FARMERS
TO SELL.
Crop Deficiency in Europe Some
where Near One Hundred and
Thirteen Million Bushels, Which
Must Be Supplied by the United
States.

Washington, Sept 13.-The following
relating to the wheat Jituation is an ex-
tract from the complete monthly report
of John Hyde. the StatiStician of the
agricultural department, which viii be-
issued tomorrow.
High prices for wheat have for several
weeks past been bringing out supplies
quite freely and increased supplies have
in turn reacted upon prices, causing Il
reaction from the highest figures Of
August. The general tenor of the IN
formation cleaned from all the available
sources Is not, however, of q character
to warrant the expectation or the fear,
according as the matter is regarded from
the consumers or the producers point
of view, of any material cheapening of
wheat until another crop is in sight with
q prospect of ampler stocks
With an annual average European pro-
duct of over AS, 600 bushels during the
exported an average of I66,373.S72 bushels q.
year. This year the European crop, ac-
cording to BromhalPs Corn Trade News
Will, in round numbers amount to
.a29 000. 00c Winchester bushels, or 80 000, 600
bushels less than the average of the six
years in question. If we make the COM
parfson with the figures given by Beer
pchm for 1897, the deficiency in the uro-
pean crop is StiH greater, the figures, in
millions of bushels. being: Average for
lSyl-lSg6, ,42S; crop of 1891 1.3l5: difference.
10. That is, according to BeerbohIn 5
estimate of this years crop. there is q
deficiency of 113. co., 900 bushels in Euro
pedn countries as compared with their
average product for the six years. 1891
TO 1896, an average which includes the ex-
cepuonally small crop of 1891. To make
up the deficiency little help is 10 be
expected from India, Argentine or Aus
traiia for months to come, and in so far
as Europe viii have to import a larger
quantity than usual. she will have to
draw ii mainly from North America and
especially from the United States. the
Can.a,dian contribution being relatively
small.
Tine returns for Ontario and Manitoba
give for the two provinces an aggregate
of 81. 042, 253 bushels. IF the Argentine
crop shall escape the ravages of Ioeusts
1t seems hkeT to turn out unusually well,
and from January, 1888, when the bulk Of
the harvest will be got in in Argentina.
that country may have more or less wheat
TO export. as the latest mail ddViceS rep
resent the crop as being in fine condition
and the weather highly favorable There
are, however. many chances of serious
damage during the next three or four
months.
THE latest accounts from Australia. in
dictate that the drouth. from which that
country mas suffered for the last two or
three seasons, has been broken and that
the wheat crop is giving good promise
throughout most the Australian colonies
but the area was narrowed by drOuth at
seeding tine and rs the stock must be
low, t is not likely that even with q
fun yield the crop viii be one out of
which any great amount can be spared
for expectation. The present nigh prices
would ordinarily tend TO encourage the
sowing of an increased breadth in India .
should the weather be favorable this fall.
but any inclination on the part of the
poorer cultivators to take advantage Of
such favorable conditions will probably
be in q great measure thWdrted ECr the
Impoverished condition in which they
have been left by the famine in the great
er part of The wheat growing districts.
But leaving out of view the fact that
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 for a larger
surplus than is to be expected out of this
years crop If to our average annual
export for the six years, 1924 we add a
European shortage of 80. GOO 600 bushels, as
figured out by Broomhau, we get 4 total
of 2e5,373,S72 bushels, and in so far we
fall Snort of supplying that quantity,
Europe, as compared with an average
year. must suffer a scarcity in her bread
supply. except in so far as she can avert
it tW drawing on the stocks that may
remain out of previous crops.
The worlds reserves have however
been reduced in consequence OF the short
wheat crop of last var, and a deficiency
in som of the other important food crops
will not tend 70 relieve the tension Of the
wheat market.