Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1904-10-28
DROP IN WHEAT EXPORTS.
Are At Lowest Point for Many years

Washington. Oct. 26.-Wheat exports
from the United States seem hheiS ~
,aacb in the current year, their ~"
CO, no,nt in the history of the export
trade for many years. Figures PIC
-, -, tho Department of Commerce
80 Thor through it's Bureau OF Sta.
- .bnyv EXPORTS during the nine
months ending with September OF less
Than 10. 900, 900 bushels, as against o.
oOo 600 in the corresponding mohths vi
1903 sG,6O0,000 in the Corresponding
,oonths Of 1902, and 139,000.00o IN the
corresponding months OF 1871. 1iu9
tho exportation of wheat in the nine
months ending with September Is nu.
ope-fifth that Of the corresponding
months Of 1903. about one-tenth that Oh
the corresponding months of 1902, anu
I'M, about one-fourteenth as much as
that of the corresponding months OF
1901.
Even the -four exports are beginning
IN show the effect Of the great shortage
in the wheat supply available for ek-
Dortation. and for the nine months
ending with September, l3o4' theS
speaking in round terms against To-
500, 900 in the corresponding months vi
1903. and over 100000 in the cores
bonding months Of 1901. Flour exports
are less readily affected by shortage
OF wheat than are those OF wheat IT.
self During the past decade flour ex-
norris for the nine months period nave
but twice fallen below 10.0OOOOO bar
re,s Int In the nine months of the
nresent wear have amounted to but s.
600. 900 barrels. Wheat exported dur
ing the decade had never fallen below
about 50,O00,000 bushels for the nine
months period, and ranged from that
amount to about 40 900, 900 bushels for
the period under consideration, but
amounted i'm the nine months ending
with September, 1904, to only 9,762,722
bushels.
In ordinary crop years about one-half
Of the wheat exported goes in the form
Of -four but in years in which the ex-
pOrtations of wheat are light, a much
larger proportion is turned into flour
before being sent. The flour export
statements of the Bureau of Statistics
are stated In barrels. and these are re-
duced to terms of wheat by reckoning
one barrel of flour as the equivalent of
Az bushels of wheat A comparison of
the wheat and -four exports from 1894
to 1904 shows that in average years the
quantity of wheat exported in the form
of flour does not differ greatly from
the quantity exported as flour when
stated In terms of wheat. In heavy
crop years the proportion of wheat ex-
ported la the form of flour is very large
In 1901, with an abnormally large
wheat crop. the flour exports for the
nine months represented about $4,000
900 bushels of wheat, while the exports
~ wheat in the natural state amounted
to nearly 1872 100000 bushels.
During the first nine months of 1903
however. with small surplus of wheat
for expectation. 6OOOO,OO0 bushels o
wheat were exported in the form OF
-four and but 81. 900. 900 exported i'm tn,
natural state. In the nine months end
ing with September, 1904. the quantit,
OF wheat exported in the form of tlou
Is over 10000, 900 bushels. while durin
me same time but lO.vrn. 900 bushels
nave been exported ii he natura
state In the full fisc. years from
1893 to 1904 the perc, ltage of tn
wheat exports which were sent i'm TN,
FORM OF flour has been: In 1899. 81 pc
cent; in 1900. 46 per cent; in 1901. 3
per cent; I'm 1902. "a per cent: I'm 1909
~ per cent. and in 1904, SO Der cent.
me marked reduction in the exports q
wheat during 1904 is discussed by the chic
OF the bureau Of Statistics in his annIi.
review. as follows:
me reduction in the expectation r
wheat IN the flCal year 1904 to d. polnt Il,
low mat OF any year since 1891 cannot /
charged to shortage in production in IN
preceding ytar. since the wheat crop -,
iast nve years. and was the largest in IN
history of the country, with the exceptio
or the crops of 1898, 1901 l@2 m
wheat crop of 1904 was but 9pD N
bushels below that of 1903, while the .,
ports of the fiscal year 1901 fell g. ono IN
below those of 1903. the reduction in .,
ports in the fiscal year 1904 being muc
i'reater than the crop production of n
calendar year 1908. The reduction in g,
ports seems to be due chiefly to the stead
" increasing consumption by the HON
population. while the further fact that m
supply of several of the other whpat-pr,
ducing countries of the world was mr.
usually large In 1903 reduced to some q,
tent the European demand upon III
United Stats and furnished wheat To IN
European market at prices below thos
made ia the United States by the CROWN
demands upon the home market
1he following table shows the uuantit
and value of wheat and flour respectf,III,
exported In the nine months of each ven
from 1891 to 1901
Nine months ending Sept. 90.
-Wheot