Salt Lake Tribune | 1908-08-20 | Page 7 | What Europe Must Buy from Us

What Europe Must Buy From Us. CHICAGO. Aug. 19. One factor In the' situation Is approaching an Interesting test. As every one knows, much of tho country's prosperity depends 011 the agricultural agri-cultural districts, and much of the prosperity pros-perity of those districts depends on tho world"s demand for their grain. The statistics sta-tistics give no uncertain forecast as to what this demand must be. The world's supplies of wheat on hand are 57,530.000 bushels below those of the present date a year ago. though most of the decrease owing not only to our moderate crop of 1907. but to our enormous exports after tho panic, is In America. As compiled by the Dally Trade Bulletin tho world's wheat stocks on Augu9t 1 wcro 97.S21.000 bushels, a decrease in Julv of 1,510,000 bushels, compared with a decrease de-crease of 29.5GS.000 in June, and of 9.-49S.000 9.-49S.000 In July, 1907. American supplies Increased S.910.000 bushels last month. European stocks show a large decrease from lasi year. The details follow: Aug. 1, 'OS. Jly. I, 'OS. Aug. 1.'07. Bush. Bush. Bush. Afloat for Europe: 22.570.000 29,570,000 2S, 160,000 ! In storo In Europe: 26.130.000 29.510.000 31.230.000 I In store Argentina: I l.SOO.000 1.440.000 ' SS0.000 I In store Australia: 2,309.000 2.700.000 3.690,000 j In store America: ! 15,021,000 36,111,000 SS.391.000 I Total. .97,821.000 99.331.000 155.351.0no It Is difficult to argue, from lhe.ce figures, fig-ures, any olher result than a large and profitable export of grain from the United States to Europe, this coming season. The main question is. and will for some lime continue to bo. How much can we spare for shipment?