Warren sheaf. [volume] (Warren, Marshall County, Minn.) 1880-current, 1911-06-22

Vot lAIllioAs, w clo 1908 LlldH Ill
any fiscal year since 1877, with the
single exception Of 1905, when only
al millions bushels We're exported. In
1908 the exports aggregated 1863 mil
lion bushels, and in 1902, the high re
cord year in wheat expectations, 235
MILLIONS.
These figures Of wheat expectations,
| it is proper to add, include both that
shipped in the grain and that in the
form Of flour. The share of the wheat
texports in the form of flour in the ifs
cal year 1910 was 46.5 per cent and in
1908, when the quantity exported was
about double that of 1910, but 1874 per
lcent. In those years in which the ex-
portatiOns are extremely small the
lishare exported in the form of flour is
larger than in year of large wheat
exports. In 1905, for example, when
the wheat expectations touched the
lowest figure in many years-44 mil
lion bushels-the share which went
in the form of flour was $50 per cent,
against 81 per cent in 1902, the high
|record year in wheat of exports In
1.-THE fiscal year which ends with the
present month the quantity of wheat
exported will probably be less than in
| 1910, the total for the II months end
ing with May having been but % mil
| lions bushels, against "A millions in
the same months of 1909, and Of flour
10 1-3 millions barrels, against S1s
million in the same months of 1909, in
|dicating a total for the year not to ex-
coed 25 millions bushels of wheat and
the equivalent of AZ millions bushels
in the form Of four-a total OF ap-
lproximately 70 million bushels for the
fiscal year 1911, against 81 millions in
1910, and making for 1911 the smallest
wheat export record in 80 years, ex-
cept the abnormally low year, 1905,
when the record was but A millions.
Europe is our chief customer for
wheat exported in the natural state,
while the larger proportion of that ex-
ported in the form of flour goes TO the
tropics and the orient. Of the 81 3-4
millions bushels of wheat exported in
the 10 months ending with April, near
ly II million went to the United King
dom, 81. millions to France, 2 mil
lions to Belgium, and l million to
Canada. OF the flour exports,
amounting to 8 1-3 million barrels in
the 10 months under consideration,
2 1-3 millions went to the United King
dom, about tWo-thirds of million to
Netherlands, about three-fourths of a
million to other parts of Europe,
|three-fourths OF million to Cuba, and
nearly two-thirds million to other
West Indies, about 1 million to South
America, about one-half being to Bra
iii alone, more than a quarter million
to China, more than three-fourths of
million to Hongkong tmost of which
is presumably for distribution to Chi
ia )one-third of a million to Japan,
and nearly quarter million to the
Philippines.
Prices of wheat since 1904 show
material advance over those of the
preceding decade, the domestic quo
tation for No. 2, red winter, in New
York market being, according to the
bureau of Statistics, $1.26 and s1.O5 in
1908, while in no year from 1892 to
1903 was the average as much as
$1.OO, but ranging down as low as Gle
per bushel in 1894, soc in 1901, and
S5c in 1908. The export price which
averaged 72c, in the fiscal year 1900
Sic in 1904, 99c in 1908, and $1O2 in
1909, only touched the s1.0o price in
August and September of the current
year, 90c in March, 92c in April and,
for the II months ending with May
averaged 93c per bushel.