PRODUCTION AND MOVEMENT 319 



lands that lack only the application of human industry to make 

 them productive of wheat, there is no occasion for any fear of 

 a shortage of grain. The wheat industry of the world must 

 undergo great developments before even its approximate limits 

 can be defined. 



The Northern Hemisphere produces about 95 per cent of the 

 wheat crop of the world. This half of the globe not only con- 

 sumes its entire product, but a large part of the crop of the 

 Southern Hemisphere as well. About 75 per cent of the total 

 wheat crop is produced in seven countries north of the equator. 

 Europe produces over half of the world's wheat, but her pop- 

 ulation is so great that she consumes the world's surplus in 

 addition to her own product. It was not until after the middle 

 of the nineteenth century that large masses of trans-oceanic 

 wheat appeared in Europe. In the seventies of this century 

 India wheat made its advent into the world market, and two 

 decades later there WPS a sudden and enormous influx of Ar- 

 gentine wheat. The world's production of wheat is continually 

 increasing, and in 1906 it approximated three and a half billion 

 bushels. 



