The New York herald. [volume] (New York, N.Y.) 1920-1924, 1920-10-25
WORLD HAS AMPLE
SUPPLY OF CEREALS
No Shortage Unless Certain
Nations Greatly Increase
Buying Power.
spsofoi Despatch to THE NEW York HELsLD
New York Herald Bureau,
Washington, II. c., Oct. "a.

spsctoI Despatch TO THE NEW York HsHALD.
New York Herald Bureau.
Washington, II. c., Oct. "a.
The worlds supply of cereals Is suffi-
Client 20 meet all demands according
20 a survey OF supply and demand for
breadstuffs compiled by the Department
OF Agriculture.
Data gathered by the Department indi-
Gates a supply OF wheat and rye to meet
the probable European demand unless
the buying power OF Central Europe be-
comes much stronger. Allowance has
been made In all cases for normal homo
consumption. seed and carry over. Other
cereals will meet European demands
even on the power consumption basis
With tho exception OF certain Euro
pean countries which are now practi-
cally out OF trade-neither receiving nor
exporting in quantity-the world wheat
and rye production has gained slightly
for the years 1913 and 1919 as compared
with the pre-war period OF 19o9-19l3
All other cereals have decreased.
Before the war the closed countries
furnished $4,000. 900 tons OF cereals to
western Europe. and the possible return
OF these countries to production and
trade is pointed out as a matter TO be
carefully observed by American farmers
asst hey are sure to play large part
in the European supply and demand for
breadstufrs.
The average cereal production for
1slS-1s was 254.00o.o0o tons. as COM
pared with 257 100000 before the war.
decrease OF IA per cent. Twelve coun-
80 rr.,r al ~
France, Germany, Italy, Netherlands.
Norway. Portugal. Spain. Sweden,
Switzerland and the United Kingdom
show a decrease OF 2o.193, 900 tons. All
other continents show increases, that OF
North America being 12,71f.000 tons
and Of South America. 2,4i7.000 tons.
The total grain production OF the So
called closed countries before the war
was 90, ss6, 900 tons OF wheat and rye
and 51,153,0o0 tons OF maize, oats and
barley, Russia leading with 50.s71.00o
tons OF wheat ana rye and s1,f25.o0o
tons OF other grains. The other coun-
tries in the order OF production are
Hungary, Austria. Rumania, Bulgaria,
European Turkey. Serbia. Finland.
Greece and Montenegro.
Decrease IN wheat and rye supplies
in western Europe has beon met In part
by increasing the milling extraction By
substituting other cereals and by In
creasinE the vegetable diet No doubt
Europe would return 20 its pre-war bread
consumption. but her financial resources
and adverse exchange rates limit her inn
ports Europe must depend largely on
Increased production 70 restore normal
consumption.
Tho figures show the consumption Of
/ wheat and rye for twelve European
/ countries FOR 1919 was 100000 tons. or
% per cent. below the pre-war average
OF 6s.soo.0o0 tons. The pre-war average
production was $4,000 tons. and the
import amounted 10 100000 tons. For
1919 the production fell 20 1000, 900 tons.
and the imports dropped 20 1900 900
tons. or the decrease IN production has
amounted 20 81 per cent. and the de-
crease In imports 1873 per cent. For the
present year thirteen countries have
produced ts.eoo.o0o tons. compared with
$1,000 tons In leoe-ioi5
The two principal factors which have
particular bearing on demand and price
OF wheat are European exchange, the
coming Argentine and Australian crops
and the return OF the closed countries
20 export trade In cereals. The weak
! ened exchange OF Europe will limit no,
only the import OF wheat but other
commodities. as cotton. wool Go The
. present accommodations Of raw wool and
cotton. with the weak demand. nrs
: further indications that Europe has not
! yet returned 20 pre-war consumption
. Demand for these commodities rnaS
be expected TO improve with improveC
European sSphsnss rstes.