THE UNITED STATES CROP RETURNS.

Temuka Leader, Issue 1467, 13 February 1886, Page 2

THE UNITED STATES CROP RETURNS.

Although the visible supply of wheat in the United States, says the Muil of the 13th November, has gona no to tlie unprecedented total of 46,756,000 bushels, as compared with 46,665,000 bushels a week ago. and with 32,225,000 bushels at this timn last year, and prices at New York are lower than they were a fortnif>ht ago, there is a growing impression in the country to the effect that supplies must be short later in season. Mr HeDry Kemp, of New York, has published in "Bradstreet's" a very clear statement, showing that from July Ist to October Ist this season, the excess of the supply east of the Rocky Mountains over the home requirements was only 15,470,759 btishe's, Against an excess of supply of 44,012,487 bushels for the same period of last year. Endorsing these calculations with others relating to the stock of flour, and referring to the official estimate of the tonal wheat crop, " Bradstreet's " concludes that supplies of wheat latter in the season will be very much less than the average demands from England, France, and South and Central America. The latest official estimate of the crop is 375,000,000 bushels ; but if it'he true, aa declared by a Minneapolis Miller that v

the wheat yields only about three-fourthg as much flour as that of last year, tho quantity named would ba equal to only 269,000,000 bushels of average wheat for flour niakiug. It is admitted th-t shore is no evidence to show that the whole wheat crop is as low in quality f>s that referred to; but our American contemporary says that it is open to conjecture whether (he supposed exportable surplus of 85,000,000 will not have to be cut ia two, and refers to the very small quant'ty of wheat exported from the United States since harvest as leading to the expectation of heavy demands from importing countries late? on. The' average 'annij;{ export of wheat from the United plates since 1877 has beeu about 145,500,0'0Q bushel^