Atlanta semi-weekly journal. (Atlanta, Ga.) 1898-1920, 1919-01-31
CONTINUED from Page u

quired and will have still a surplus
of 166,000.000 bushels, but will lack
100000 bushels of rye, 59,0O0,OOO
bushels Of barley and 402,OOO,00O
bushels of corn for domestic con-
sumption and net requirements for
Europe, which cannot be supplied
elsewhere.
1t appears that the world may have
a. surplus of rice amounting to about
l5,428, 900 pounds. The depart
ment of agriculture, however, is not
certain of the accuracy of the rice
figures furnished 1t.
The estimated requirements for
tiaXseed by the United States and
Europe is 100000 bushels. There
appears to be a deficit of about 49,
100000 bushels when all visible sup
plies are included. This deficit is due
to increased demand for linseed oil,
to the elimination of Russia from
the estimates, and to small SURPRISES
in other f1aX-produclng countries.
Cotton Deficit Apparent
For the five years preceding the
war, the average cotton requirements
of the European allies, Japan, Ger
many and Austria-Hungary, were 49,
100000 50O-pound bales. Total sur
plus stocks of all cotton-productng
countries appear to be about $780,
600 bales. This leaves an apparent
deficit of 4,73O,000 bales. This is not
to be accepted, however, as an abso-
lutte deficit, because there is no means
of knowing whether or not European
requirements will be the same as
they were before the war.
The United States appears to have
an export surplus of 62O,0OO,OO
pounds of tobacco, which is 4S,0OO,-
900 pounds more than would be
needed in Europe on pre-War basis.
Sugar for World
The world production of sugar is
lS,75O,O0O short tons, about $4,000
short tons less than the annual aver
age for the five years just before
the war, which is regarded with old
stocks, as sufficient to meet a nor
NAL world consumption, though the
distribution is not normal. Europe is
about SO per cent short on beet sugar
expected within the next twelve
months.
A surplus of horses and mules in
the United States in excess of do
mestic demand is indica ted, notWith
standing average annual exports of
235,7S6 from 1914 to 1918. Some Eu-
ropean demand appears likely to con-
tinue4
Dairy Products Wanted
The abnormal demand for dairy
products in Europe. due to the war,
appears likely to continue for year
or more. European peoples have be-
come accustomed to American dairy
products and there appears to be an
opportunity to expand over pre-war
requirements. The number Of beef
cattle in the United States increased
from 35,S55,000 in 1914 TO 43,546,OO0
or January 1, 1918. During the same
period exports of beef and beef
products increased from ISL ,OOO, 900
pounds to 601, 100000 pounds. There
has been a decided reduction in the
number of beef cattle in Europe, and
the demand there for American beef
IS not likely to be less than for sew
oral years prior to the war, when it
ranged from 733,000,000 pounds to
Isl, 100000 pounds.
The number of swine in the Unit
ed states increased from 81 1898, 900
in 1914 to 71,374,OO0. the & largest
number of record, on January /,
1918, and reports indicate that the
number on farms on January 1, 1919
was slightly larger still. Reports
indicate a considerable reduction in
However. in estimating the European
demand for American pork and pork
products, the large stocks now on
hand in the United States and the
rapidity with which the number of
borne in mind. The foreign de-
mand. particularly for lard, which
products exported from 1919 to the
breaking out of the war, is likely
to be heavy during the present year.
Germany, which took about 80 per
cent of Americas exports of lard
before the war, must be considered,
together with Austria Hungary, as
G probable buyer this year
Wool Price to Fall
For the first time in many wears.
the number of sheep in the United
States showed an increase on Janu-
ary !, 1918. the number then being
48,900,000, and reports indicate fur
Their substantial increase to Janu-
airy l. 1919. The number Of sheep
in Europe has undoubtedly declin-
ed, some reports indicating that the
decline in France has been as much
as Al per cent. The number OF
sheep in Australia and Argentina has
increased by about per cent since
1914, and better transportation facil-
tiles since the signing of the armi-
stice will enable those countries 20
reach Eurone to better advantage