Richmond daily Whig. [volume] (Richmond, Va.) 1842-1861, 1846-04-08
Foreign Demand for American Bread StrSs.

II seems now to be very generally conceded that
the modification of the British Corn Laws will not
be beneficial to the American wheat grower. eN-
cen, under an extraordinary concurrence of cir
cumstances, such as that which at present exists.
We refer of course, to the cotsmporaneous fail
ure Of the crops in Great Britain and in Cont
mental Europe. The statement recently made by
Lord Ashburton. that although there is a difercn.
tial duty Of twelve shillings per quarter IN fave
of American wheat passing through canada INTO
the ports of Great Britain. nevertheless that nine
tenths Of the amount annually imported into that
country are obtained from the Continent and from
Asia IS conc .usivc on this points for, If with this
duty in our favor we are unable to compete with
the European wheat grower. (and the dIsprop"r-
4 ton between the amounts imported respectively
| of American and European wheat shows that we
are.) it would be folly TO expect more advan-
tapoous result. when, by the modification or re-
psal of the Corn Laws, the discrimination in our
favor will cease 10 exist. and the wheat grower
on the Baltic and the Black Sea will be per.
mltted to enter the ports of Great Britain on an
entire footing OF equality with the shipper by the
way OF Canada. This proposition seems TO be
too pain 10 admit of argument; ana We should
have - regarded it but tor an elaborate effort OF
Gen. Bnvlv. of the AccomlcN District, few days
ago in the House Of Representatives, TO demon
strae its ialllcy, for tue purpose OF magnify ING
the advantages of the proposed reduction oil bri'
tish duties upon grain. and thereby making an
indirect assau; upon our own tariff. by an effort
70 ,rdpce the farmers to believe that they have
peculiar interest in its overthrow. Gen. B'ylys
slea nt oh
and indlstry-and is not destitute Of PlausiE!lty.
Blu, his formidable array OF figures and facts
: ~a!cuauors ami cunjectures-thc OBJ ct OF
II. ,.b.,, %. he ability OF the American
wheat grower to compete sucCtN'-''S WI" "''
European rival in the open markets Of Engr.-.
is. we repeat refut q by the indisPutable state
ment, that notwithstanding the great advantage
of 10 shillings per quarter duty in our favor here
tofore. Great Britain has procured NINETEENTH:
OF her annual supply Of foreign bread stutfs from
her Eurouean ne'ghbors. That the fact Is so,
there can be no question; nor will It appear re
mqrkahle when the prices curren; at New \ ork
and a, Dantzc (the standard OF prices for their
respective countries for any series of years,
examined. Whom wheat Is selling for l25 cents
in the former place. and only ~ in the latter. it
can be 10 matter Of surprise that the English con-
sumers supply the deficiency OF their own harvest
hv purchasing. as far as practicable. from those
who can afford to sell at the loves, price. Gen.
Bavly cannot argue against this fact. nor diminish
ITS force and We are not surprised, therefore,
that amiis, his extensive and minute researches
into this subject it seems altogether TO have esca-
ped hts observation
Some sagacious observers, however, who concur
with us in the general proposition that we shall
hereafter be still more unable than we have been
heretofore 10 compete successfully with the wheat
growers of Europe and Asia in the markets q
Great Britain. to the full extent Of the dIScrm-
mating duty in favor of Canadian shipments pro-
posed TO be abolished by the British Ministry, be-
lieve that there will be hS year demand abroad
for the surplus productions of the United States.
The fortuitous and rare occurrence of failure in
the crops of Northern Europe ana Asia, simulta-
neously with the short harvest in Great Britain,
has enhanced the prices of bread stufis in the
tire wheat. gr owing region Of the old world to
such an extent as to give decided advantage
over them at IN IS time and it is consequently an.
ticipa;ed that there will shortly be considerable
| European demand for American grain. OF this
| oninion is a. writer in the st. Ouis RepuUiicU
| who enters into laborious statistical argument
! to sustain it--irom which we extract the cOnclu.
ding remarks.
From the st. Louis Republican.