THE WORLD'S WHEAT SUPPLY.

New Zealand Mail, Issue 1717, 25 January 1905, Page 62

THE WORLD'S WHEAT SUPPLY.

Most people are interested in the wheat supply of the world, and there has recently been considerable discussion, with regard to the future export poAver of the United States. In the annual review of the Avheat trade issued by Mr C. J. S. Broomhall. the editor of the “Corn Trade News,” it is stated that “many authorities assert that in 19041905 the United States Avill drop out of the ranks of the great exporting countries and become a competitor Avith Europe as an importer of AA’lieat from Canada and Argentina at a time when the Avorld’s annual production of wheat has fallen 40,000,000 quarters short of the average crop of the past tAv.o years—namely, 361,000,000 quarters, compared Avith 405,000,000 quarters in 1903 and 897,000,000 quarters in 1902; Avhile, moreover, Ritssia the principal source of supply is involved in an exhausting and possibly a losing Avar.” The “likely exporting surplus” of the United States is estimated for 1904-1905 at 6,000,000 quarters, Avhereas in 1901-2 it amounted to 29,000,000 quarters. Requirements of importing countries are estimated at 62,000,000 quarters, and the surplus of exporting countries at 61,500,000.