The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1904-08-13
WHEAT PROSPECTS
OF THE WORLD
FIGURES OF BROOMHALL, DORM
BUSCH AND BEERBOHM.
First Authoritative Estimates of the
Season Show Something Less Than
Last Years High Record, but No
Large Deficiency Indicated.

Preliminary estimates Of the worlds
wheat crop for the year now opening are
being offered by different authorities, says
the Cincinnati Price Current. Dorm
busch's London list makes the indications
show about 100000 blu less than the
high record Of 1903, and slightly below tho
1902 total. Beerbohm's London List cal
culations reach result $50, 000,0 900 blu be-
low 1903 and about 104 900. 900 below 1902
Dornbusch recognizes 100000 quarters,
or 696, 000,0 900 blu, for the United States
and Canada, for the new CROP and Beer
bohm adopts 100000 quarters. or 672,-
900 bu, for these countries-a differ
ence Of 900 blu. For all European
countries Dornbusch gives 100000, 900
quarters and Beerbohm 1913, $50, 900 quar-
ters-a difference Of $3.50, 900 quarters,
or 122 1000. 900 blu. Broomhall's Corn Trade
News gives 3S2, 100000 quarters for the
year, or 100000 quarters Gao, 00O, 900 bu)
under last year.
Beerbohms List makes comment as fol-
lows: 1T is interesting to note that the
average worlds wheat production in the
six years from 1898 to 1908, inclusive was
$50, 900 quarters (2,880, 900, 900 bu) SO
that we shall not be far off when we as
sumo that the worlds wheat consumption
is not now less than 375, 900, 900 quarters
| 6, 900 900, 900 bu), total which the pres
ent years production does not seem likely
to reach"
| Dornbusch's List says Of the 1888, 200, 900
quarters (S,065, 900, 900 buy estimated for
the year: 1T will be understood that the
above attempt to gage the wheat Yield
Is merely suggestion Of possibilities Of
| this years harvest results and can not
be handled as If the figures were definite.
Considerable uncertainty prevails as to
the outcome in France and the United
States, where even the experts reveal a
wide difference Of opinion In their efforts
to forecast results. Russia Is always a
mystery, but the wheat crop will prob
ably not be far short Of the previous yield.
The Australasian and South American fig
ures for 1904 are pure guesses, based Upon
reports of agricultural conditions and
sowing operations In these countries, but
between now and December, when the
crops should be ready for cutting, weather
VIII be the main arbiter Of results. TAX
Ing the above figures generally it would
appear as If 1904 was not going to be q
year remarkable for large supplies, but
these early estimates are frequently fall
slhed by unforeseen conditions, and the
prudent trader will await DEVELOPMENTS, y
While 1t Is quite reasonable to adopt
the view that the worlds wheat suppls
1or the year now begun may fall con.
siderably below the high record for last
year, 1t Is not necessary to assume thai
the deficiency may not be partly overcome
py lessened consumption under advanced
values, nor that an actual stringency viii
occur. And it Is well to consider the fac
: that the early estimates Of Beerbohm las
: year were not equal to the present esti
I mates Of that authority for the comi1as
. year, so that if these calculations b,
; equally at variance with figures f1nall,
!. accepted. the result will be an increa q,
!, and not a decrease in the years com
}. parison with the high record for 1903
!; Summarizing the worlds wheat est
. mates of the three English authorities
(; the comparisons are indicated in the fol
j, lowing, reduced to bushels: