The daily union., 1846-10-24
From the Charleston Mercury
THE SUPPLY OF BREADSTUFFS IN EU.
ROPE

The London Economist Of Sept. 12, has a very
interesting article the harvest and the corn mar
ke,s," which has bearing upon too many interests
in this country to be passed without notice. That
paper by reason Of the ability fairness and full in
formation it has uniformly displayed all economi-
cal questions, has gained great authority. In
Sept mber Of 1S45; the Economist very fully can
vassed the question of the supply of breadstufs for
the ensuing year. and while came to the same con-
cluson other journals in regard to the great def
cheney Of the wheat crop, it differed from nearly all
of them in maintaining that, notwithstanding there
would be no very great deficiency in the aggregate
means of subsistence of the British people; and this
for the reasons, that the stock of old wheat in the
country was greater than for many years before
that the potato crop, though much imported by the
disease, was still large, and that oats, barley and
| other spring corn were much beyond an average
crop. The Economist predicted that there would be
no such deficiency in the crops of lS45 as to have
any serious effect prices and the result fully JUS
tined It's CONCLUSIONS. We turn to its present views
therefore with great Difference. ''t /
In the first place, it shows a remarkable differ
ence In the stocks of old wheat on the LIST of Sem
tember, 1s45, and l846, as drawn from the sales in
all the market towns from whose reports the week.
ly averages made out, determining the duty on
foreign grain. From the lst Of JANUARY to the Ita
of September, 1S45 these sales amounted to 4,47S,-
03l quarters. During the same months Of 1886
the sales amounted to only 3476 434-a falling of
OF one-fourth IN the domestic supply of the leading
o'b'ioS VI Suorls'ehCo. buTnB the present year
the stocks IN milers' and Dealers hands are known
to have been reduced to the lowest possible state
for several months before the passage Of the new
corn law, and the general apprehension of the effect
of that measure tended to bring into market more
rapidly than usual, the stock in the hands Of farm
crs. The immense falling off in the quantity actu-
all offered can, therefore, only be accounted for by
the fact that the produce was really deficient and
the Economist concludes that the stock of old wheat
In the country on the 1st Of September, 1896 was
less than for many years past.
AS to the product of the present year, il ia un-
doubtedly better than the last but by reason of the
short stocks, and the superior quality Of the grain,
the Economist maintains, 1t will come into con-
sumption full two months earlier than that of l845;
which is quite enough TO counterbalance any su.
periority in quantity. And, to other articles of
food, the potato crop is almost universally a failure
and oats, barley, &c, far below an average
Even the turnip, which had been relied on as a sub
stitute for the potato has been attacked by similar
disease, and in many districts nearly DESTROYED.
Such is the picture drawn by the Economist Of the
market OF Britain in regard to the means Of subsst-
ence for the coming year. Il is clear then that
considerable foreign supply Of breadstufs will be
But the continent Of Europe is in almost prociselv
the same condition as Great Brtain--the stock re.
duced to the lowest ebb and the product Of the wear
not equal TO the consumption Thus is the case in
all the wheatgrowng region; while in the north of
Europe, the rye crop, which IL the great dependence
OF the people, Is generally deficient. The Economist
concludes that no supplies can be looked for from
the continent, and that the United States alone can
furnish any adequate resource against the threatened