38 
BULLETIN 1351, U. s. DEPARTMENT OF AGRICULTURE 
Table XI. — Wheat: Estimated world visible supply on July 1 for the years 
1891-1923 
Year 
Bushels 
Remarks 
1895... 
1897. 
1900. 
1901. 
1902. 
1903. 
1904. 
1905. 
1906. 
1907. 
1910. 
1911. 
1912. 
1913. 
1914. 
1915. 
1916. 
1917. 
1918. 
1919. 
1920. 
1921. 
1922. 
1923. 
132. 472. 385 
193, 225, 845 
240, 671, 000 
218, 901, 0C0 
191, 513, 180 
181, 276, 038 
110,277,203 
111,988,952 
218,031,392 
210,316,765 
176, 336, 456 
l.-.l. 70\vl 
143, 932, 669 
165, 123, 889 
145, 967, 184 
179, 755, 289 
219, 701, 516 
133, 128, 000 
105, 532, 000 
157,202,000 
185, 185, 000 
175,452,000 
192,531,000 
163, 114,000 
147,018,000 
355, 192, 000 
329, 579, 000 
260, 953, 000 
306, 539, 000 
241, 856, 000 
219, 769, 000 
174,342,000 
171,996,000 
To the "Corn Trade" figures were added 3,214.285 bushels for flour in the United 
Kingdom, 25,000,000 "United States farm stocks, 2,800,000 other Europe, 709,000 
Argentina, and 1.735,000 Australia. 
To the "Red Book" figures were added 55,000,000 United States farm stocks, 
2,800,000 other Europe, 1.153,000 Argentina, and 2.213,000 Australia. 
Added 50,000,000 United States farm stocks, 1,620,000 Argentina, and 2,507,000 
Australia. 
Added 40,000,000 United States farm stocks, 1,209,000 Argentina, and 1,880,000 
Australia. 
Added 914,000 Argentina and 1,233,000 Australia. 
Added Argentina stocks on page 118, Corn Trade Yearbook 1901-02, and 1,410,000 
Australia. 
Argentina same as 1896; Australia, 1,906,000 added. 
Argentina same as 1896; Australia, 2,796,000 added. 
Argentina same as 1896; Australia, 2,884,000 added. 
Argentina same as 1896; Australia, 2,784,000 added. 
Argentina included in "Red Book"; Australia, 3,367,000 added. 
Added Australia, 2,685,000. 
Added Australia, 862,000. g 
Added Australia, 5,163,000; Australia included remainder of time. 
Australia out. 
France, Germany, Belgium, Holland, Russia, Danubian States, other Europe out 
for remainder of time. 
Stocks afloat, Argentina, Australia, and American stocks and United Kingdom only. 
Same as 1917. 
Minneapolis Market Record. July 14, 1923. 
U. S. Dept. Agr., Yearbook, 1922, p. 607. 
Australian average carry over, 1905-1914, inclusive, 5,433,000. 
Continent omitted 1916 to 1923; carry over averaged 13,584,000—1905-1914. 
Table XI was compiled from data of Broomhall's Corn Trade News, 
Minneapolis Daily Market Record, and Chicago Daily Trade Bullet in, 
which is published in the Red Books of Howard, Bartels & Co., from 
1892-1922 under heading of " Monthly Supply of BreadstufTs." The 
11 visible" included stocks of wheat and flour afloat for United King- 
dom and the Continent; stocks in store in United Kingdom, France, 
Germany, Belgium, Holland, Russia, Danubian States, other portions 
of Europe, Argentina, Australia, United States, and Canada. To 
the "Red Book" total has been added United States farm stocks on 
July 1. The data for 1891 taken from the 1901-1922 Broomhall's 
Corn Trade Year Book, pages 114, 115, 116, 117, and 122. The data 
from "Red Book" were checked with Broomhall's Corn Trade Year 
Book figures from 1892 to 1901. The changes from the original 
data are noted after each number. The farm stocks of 1891-1894 
were estimated; the remainder of the years are official. 
APPENDIX B 
Some selected references on grain price studies and statistical methods 
Adams, O. S. 
Geodesy — Application of theory of least squares to the adjustment of 
triangulation. 1915. U. S. Coast and Geodetic Survey, Spec. Pub. 28. 
Beveridge, Sir W. H. 
Wheat prices and rainfall in western Europe. In Jour. Roy. Statis. Soc, 
vol. 85, pt. 3, May 1922, pp. 412-459. 
