Wheat Crops

In a circular issued by Henry Clews, oí New York, the situation oL foreign wheat crops and their large shortage is discussed as follows : This very important erop question is now assuniing measurable dimensions. As eminent English authority on grain statistics, while anticipating an almost average British crop of wheat, estimates the deficieney in France at 130 million bushels, and some French calculatoi place the deficit as high as 175 millions. The total European, deficieney to be supplied from external sources, the English estimator places at 380 millions of bushels of wheat ; or, if we were to accept the figures of the French statistican for France, the total European deficit would be about430 million bushels. Seemingly, therefore, it may be assumed that Europe will have to import about 400,000,000 bushels of wheat. Such a demand implies a higher price for that cereal than has prevailed during late years ; and, were the price estimated at the confessedly low figure of $1 per bushel, it would follow that Europe will have to pay $400,000,000 to other parts of the world for this cereal ; which is an arnouut almost without precedent. Our own crop is variously estimated between 500 and 550 million bushels; and, as prospecta now stand, 550 millions is perhups a fair estímate. Estimating our doiuestic requirements for various purposes at 360,000,000 bushels, we should have, at this rate, a surplus of 190,000,000 bushels for export, assuming the home stock to reinain at its present quantity, whatever that may be. According to these estimates, we are in a position to furnish to Europe close upon, - or possibly fully, - one-half of its total required imports of wheat. This means that this one item of our exports will amount to something near $200,000,000. To the L'nited States, this is a very exhilerating prospect; but to Europe it ia a very gloomy one. Even wei e the European natious in a prosperous condition, such an extraordinary necessity to buy bread frern foreigu countries would be appalling ; but, coming after an enfeebling financial crisis, on the heels of a large drain of gold into Eussia, and at a time when industry is contracting and foreign trade is lanquishing, - what may be the possible result of these short harvests to Europe ? It is useless to prediqt ; and it is iniperative to wait for consequences. The present attitude of expectancy assumed by Wall Street is the only safe and wise one under such circumstances. It is not likely that we shall be permitted to reap this tage of a great erop without some sort of drawback, and it is wise to wait and see in what form that drawback is likely to come. Europe will find it impossible to pay us for our wheat without making soine sacrifice. She will offer her products tous at low prices, or consign them for sale at what they will bring ; if we accept them freely, our wheat will be so far paid for in goods instead of gold ; if we buy only our usual quantity of iuiports, then Europe will be compelled to pay us largely in our securities there. The annual meeting of the Washteaaw county medical society was held yesterday at the Hawkins liouse in Yp3ilanti. Dr. Gibbes, of this city, was made president: Dr. Taylor, of Ypsilanti, vice-president ; Dr. Darling, of Ann Arbor, secretary : and Dr. Owen, of Ypsilanti, treasurer. The school board at their meeting last evening elected Miss McGUvary as teacher in the lst ward, ISTiss Mareka in the 2nd, and Misa llamilton to take Miss Wines' place in 4th ward. Miss Clinton and Miss Feiner were elected cadets. The board decided to have Germán taught in 2nd ward next year by Miss Gundert. The board also decided to have a sewer built connecting with the new University hospital sewer