The Mankato free press. [volume] (Mankato, Blue Earth County, Minn.) 1879-1924, 1913-10-10
Short Yield Of Grain
Deficit In Corn Crop
From Mondays Daily.

from monnSyS DdiIy.
Minneapolis. Mimi, October g.
Serious shortage exists in the worlds
crop of grain for 1913. The supply
is nearly 10 per cent less than last
year. The total deficiency aggregates
1850 million bushels Of the five grain
staples. This shortage is not made up
by potatoes, the worlds supply of
whic his no greater than last year,
and 800 million bushels less than the
worlds normal potato crop of 1910.
These amazing conclusions are in
dictated by the preliminary report
upon worlds crops and the future
of prices, prepared by Orange Judd
Northwest Farmstead of Minneapolis
as of October 1st. This authority
emphasizes that the four breadstuffs
wheat, oats, rye and barley-will
probably be 600 million bushels less
this year than in 1912, seventy million
bushels less than two years ago, but
per cent more than in the 1910
crop.
Ample Supply of Wheat.
Unless Russia and Argentina con.
Clude the year with much greater
yields than now seems possible"
Northwest Farmstead says. 1.-The
worlds wheat production will be
only about 100 million bushels more
than last year" This will be an in
crease of only three per cent over
the supply of wheat produced
throughout the world in 1912.
OF this increase, fifty million bush
els is due. to the extent to which the
bonanza wheat crop OF the United
States and Canada exceeds last
years out-turn.
The Farmstead preliminary returns
the Russian crop as 700 million bush
els which has since been confirmed
by the Russian governments Official
pronunciamento of 699 million. This
is in sharp contrast to the apparently
misleading and erroneous forecast
put out late in August by the In
ternational Institute of !. Agriculture
at Rome of S12 million bushels as
the Russian crop.
Large Deficiency In Rye.
OF grave Importance also is the
European shortage in rye. Because
even more than wheat, is rye the
breadstuff of the teeming millions of
Europe. Northwest Farmstead finds
that Europe may have only 100
million bushels of rye of the 1913
crop, or 1870 million bushels less
than last year. The deficit may be
still larger if latest cabled advices
from Russia are reliable. :.
Reduction In Oats Crop.
The shortage in the worlds supply
of oats bids fair to be greater than
was expected. With q smaller crop
in North America than last year by
more than 800 million bushels. and
with another 100 million deficit else,
where, the worlds crop of oats may
be 10 per cent less than last year,
a decrease of 400 million bushels.
Northwest Farmstead reaches this
conclusion in spite of allowing that
Russia has the most prodigious oats
crop in its history-1,0 600 million
bushels. >~.
Barley is much less than usual in
North America, but the worlds total
yield may come up to the normal
amount ".
Ample Market at Good Prices.
Ii appears fro mthe official returns
Of the actual movement of grain that
only about l6 per cent of the worlds
total wheat crop is consumed out
side of the countries of production.
These consuming countries are
Great Britain and Europe east of
Russia, which is the very region that
suffers the heaviest relative def
cheney in 1913 grain crops. Therefore,
Northwest Farmstead believes those
countries will need to import be-
tween GOO and 700 million bushels of
wheat during the fiscal year ending
June 30, 1914, thus calling for every
bushel OF surplus wheat.
In the case of corn, only about
$50 million out of an average worlds
supply of 1850 million bushels is
consumed in the corn-importing coun-
tries, but the surplus this year is
so reduced that it's question whether
any such quantity can be spared.
Question of Distribution.
Therefore it is only necessary to
distribute and market the supply of
grains gradually and evenly through
out the coming six to ten months to
supply the demand without artifcially
reducing prices" says Orange Judd
Northwest Farmstead. 1t adds: an
view of the increasing population,
and general resumption of industrial
prosperity throughout the world, the
demand for these crops should be
even better in the coming months
than usual.
fly a continuance of the fair prices
to producers which prevailed during
September Yet If producers and
dealers everywhere rush the supply
to market, the demand will be ex-
ceeded temporarily and prices will
be depressed artificially and unneces.
sariiy."
Future of Grain Prices In America.
"A careful analysis prepared by
the Orange Judd service bureau
shows that the price of grain in
the United States and Canada is
more closely affected by the supply
and other conditions in the United