The Roanoke times. (Roanoke, Va.) 1897-1977, 1897-09-16
WHEAT SURE TO KEEP UP
The Worlds Supply is Short and We
Must Help Out.

Must Help Out.
Washington, Sept. 15.-The following,
relating to the wheat situation, is an en-
tract from complete monthly report of
Mr. John Hyde, the statician of the Ag-
ricultural Department, which will me is
sued to mo- row:
High prices for wheat have for several
weeks past been bringing out supplies
quite freely, and increased supplies have,
N turn, reacted uron prices, causing
some decline from the highest figures of
August The general tenor of the infor-
nation CLEANED from all available sources
is not, however, of q character to war
rant, from the producers point of view.
any n aterial cheapening of wheat until
another season is in sight with a prospect
of ampler stocks.
With an annual average European pro-
duct of over ,42S, 600, 900 bushels during
we exported an average .of 1876. 373, S12
bushels IL year.
This year the European crop, according
to Broomhulrs Corn Trade News, will,
in round numbers, amount to 1929. 900, :
| QUO Winchester bushels, or 50, 000 600
bushels less than the average of the six
years in question. If we make the com
pari>on with the figures given ny Beer
BONN for 1897. the deficiency in the .Eu-
ropean crop is still greater, the figures IN
millions OF bushels being Average for
lS9l- 96, l42S: crop of 1897. 1916. Differ
ence, 113.
That is according to Beerbohm's estl-
mate of this years cop. there Is n def
cheney of lib 900, 900 bushels in European
countries rs compared with their average
product fer six years, 1891 .1S96-an aver
age which includes the exceptionally
small crop of 1891. To make up this de-
ticiency little help is to be expec ted from
India, Argentina or Australia for months
to come, and in SO far rs Europe will
have to import larger quantity than
usual, she will have to draw it mainly
from North America, and especially from,
the United States, the Canadian COZ trl-
button being relatively small. Official
returns for Ontario and Mantle ba give
for these two provinces an aggregate
of 81 ,042, 253 bushels.
| IL the Argentine crop shall escape the
rAvages of locusts, it seems likely to turn
out unusually well, and from January,
1898, when the bulk of the harvest will
be got in nj Argentina, that country have
more or less wheat to export, as the
latest mail advices represent the crop as
being in fine.condition and the weather
highly favorable. There are, however,
many chances of serious damage during
The latest accounts from Australia in
dictate that the drought from which that
country has suffered for the /, st two or
three seasons has been broken, and that
the wheat crop is giving good promise
throughout most of the Australian colo
MES; but the area was narrowed by
drought Mt seeding time. AS stocks must
he 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 prizes would ordina-
rily tend to encourage the sowing of an
increased breadth in India, should the
weather be favorable this fall, but ary
inclination on the part of the poorer cui-
tlvators to take advantage Of such favor
able conditions will probably be in great
measure thwarted by the impoverished
condition in which they have been left by
the famine in the greater part of the
wheat. growing districts.
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 ould. in
any case, he demand for n larger sur
plus than is to he expected out of this
years crop. IL to our average annual
export for the six years, 1899. 1897. we
add \ European shortage of 90, 900 600
bushels, figured out by Broomhal, we
get II toal of 2Gj,373,S72 bushels, and in
so far as we fall short of supplying that
quantity Europe, as compared with an
average year, must su Her scarcity IN her
bread supply, except in 30 far rs she can
avert it by 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 year, and a deficiency,
In some o; the other important food crops
VIII not tend to relieve the tension of the
wheat market.