The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1897-09-14
sTATIsTICALLY STRONG.
Europe Will Need More Wheat Than
America Can Supply.

America Can Supply.
WASHINGTON, Sept 13.-The fol-
lowing relating to the wheat situation
is an extract from the complete month
ly report of John Hyde, the statistician
of the agricultural department. which
will be issued tomorrow:
High prices for wheat have for sew
era1 weeks past been bringing out sup
plies quite freely, and increased sup
plies have, in turn, reacted upon prices,
causing some decline from the high
est figures of August. The general
tenor of the information, CLEANED from
all available sources is not however,
of a character to warrant the expecta-
ton or the fear from the consumers or
the producers point of view, of any
material cheapening of wheat until an
other crop is in sight, with prospect of
ampler stocks.
With an annual average European
product of over 1,42S 900 bushels
during the six years from 1891 to 1896,
inclusive, we exported an average of
166, 373,S72 bushels a year. This year
the European crop, according to Brom-
halls corn trade news, will, in round
numbers, amount to 1,329, 100000 Win
chester bushels, or 99,O00,OO0 bushels less
than the average of the six years In
question. To make up the deficiency
little help is to be expected from In
dia, Argentina or Australasia for
months to come. and In so far as Eu-
rope will have to import a larger guam
tity than usual, she will have to draw
it mainly from North America, and
especially from the United States, the
Canadian contribution being relatively
small official returns from Ontario
and Manitoba give for these two prov
inces an aggregate of 81, O42, 253 bushels
If the Argentine crop shall escape
the ravages of locusts, it seems likely
to turn out unusually we'll, and from
January, 1898 when the bulk of the har
vest will be got in in Argentine, that
country may have more or less wheat
to export, as the latest mail advices
represent the crop as being in fine con-
dition and the weather highly favor
able. There are, however, many chances
of serious damage during the next three
or four months.
The latest accounts from Australia
indicate that the drought 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 Aus
tralian colonies. but the area was mar
rowed by drought at seeding time, and,
as stocks must be low, it is not likely
| 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 ordi-
narily 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 poor
er cultivatorS to take advantage Of
such favorable conditions will probably
be in a great measure thwarted by the
| Impoverished condition in which they
| have been left by the famine in the
greater part of the wheat growing dis
trict.
But, leaving out of view the fact that
the burden of supply for Europe will
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 av-
erage annual export for the six years
1oJA-1o5t we dQQ d IuIOp6du suffrage
of 99000,0 900 bushels, figured out by
Bromhall, we get a total of 2G5,373,S72
bushels, and in so 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 so far as she can avert it by
drawing on the stocks that may remain
out CT previous crops. The worlds re-
serves have however, been reduced in
consequence of the short wheat crop of
last year, and deficiency in some Of
the other important food crops will not
tend to relieve the tension of the wheat
market.