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Show MI.VKU 1II IT. The estimates for the world's wheat harvest for tho present year, presented at the recent millers' convention in Edinburgh, give a total for Europe of 1")5,700,00() quarters. The estimated total consumption for Europe is 17o,-000,000 17o,-000,000 quarters, leaving a balance to be obtained from other parts of the world of 19,300,000 quarters. The countries having an average crop, or above the average, aro Austria, Hungary, Hun-gary, Belgium, Denmark, Germany, Greece, Holland, Italy, Norway nnd Sweden, Portugal, Roumauia, Russia, including Poland, Sorvia, Spain and Switzerland. Those below tho average aro Bulgaria, France, Turkey in Europe, nnd the United Kingdom. Tho English deficiency that is, the amount which must bo obtained from foreign sources is put at 10,000,000 quarters, or about the equivalent of the European deficiency. These statistics are probably prob-ably as nearly correct as any that can bo given, and they aro quite satisfactory, satisfac-tory, but what is astonishing is to find an eastern paper like the Boston Herald to admit that the recent silver legislation legisla-tion will give tho United States a practical prac-tical monopoly on the supply of the above deficiency. This is yhat that paper says about it: The Increase In the price nt silver will tend to rostrlet shipments from Imll i forthe reason th;it the profit on these HMrmirntKhaH for some time p;ist been found In the premium obtained by tho purchase of silver for ptiyment of In illun wheat with the gold coin obtained for its sale In E irope. It has been held by some KuhIIhIi authorities that, If silver went to Its old piano of equality with mold, shipments of wheat from India would be ImpoKslble, since It would bettor pay the Inhabitant of that great empire to coumims their wheat t han to send It abroad. And as a matter of fact India is, of recent years, the main competitor with the United Slates in the wheat markets of Europe With her pauper farm labor and almost limitless area of productive hind, she needed nothing but sufficient means of transportation to tho Mediterranean Mediter-ranean sea to supply tho world, and English capital has been very active within tho past ten years to furnish that need by the building of extensive railroads rail-roads from the interior to the seaports. India wheat is said to be soft and therefore there-fore inferior to tho American grain, but this defect is made good by mixing tho Indian with Australian wheat, which latter is' very hard and also carried car-ried in English bottoms and controlled by English capital, and the two together to-gether make a very superior article for Hour. Amcrican economists have predicted that tho day would come when this country would bo unable to export a singlo bushel of wheat. India on ono hand and Australia with her two crops a year on the other, not to say anything about South America and Canada, they claimed, would shut us out and make wheat raising unprofitable iu this country. coun-try. Can liberal silver legislation prevent pre-vent this calamity? It certainly looks so. |