Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1846-10-27
THE FOREIGN MARKET.

We cannot present to our readers any thing
more Interesting than The opinions OF those quail
fled TO judge Of The supply Of American produce
which will probably be needed for The consump-
lion OF Europe. Whatever bears upon the pros
peri,y OF the farmers will act upon all classes Of
the community. The news by the Caledonia is
indeed cheering TO the farmers and cotton plant
ers Of America. While cotton is firm, bread
suffs and other American produce have gone up
in price, and the rise has exerted corresponding
benefit upon our own "home market"
As 10 the crops in England, The Editor OF the
London Circular to Bankers, admitted 10 be a
MIST careful observer, asserts his conviction,
'thal, with The single exception OF 1915, The
stock Of old wheat is larger than il has ever been
at harves, time since The autumn OF 1897, though
il is very much less than II was al the present
date OF l845"
He then presents the following conclusions, 10
which careful investigation has brought his mind.
ri. That The polalo disease is not so bad as
public feeling and the public press have repre-
scented il; that il has been signally checked in lis
ravages, and has probably, in great measure,
spent lis force for this season; that The abundance
OF food Tor cal,Ie will libeTate an unusual proper
ton of diminish,d annual supply Of potatoes
for human food; consequently, that the store Of
potatoes may, with economy in The use, enforced
by a higher price, be sufficient TO serve the peo-
pie for ooc in reduced ra,ons for three fourh> Of
The time iha. potatoes annually serve Tor in oIdi-
nary times and seasons-the writer has This week
seen and tasted good potatoes which were dug up
in October, 1916.
y. That the wheat crop of England approach
es nearly 10 an average crop-belDg such as 10
prove more deficient in measurement than 10 lis
ultimate results in The shape of Hour and bread
That, although hot parching weather has in
some quarters rendered The grain small and Ainty
Tor The want Of gradual rpening. especially in
The Northern counties, il is generally Of excellent
quality for manufacture through all processes
and their products, by giving stronger -four and
more bread; il has smaller proportion OF refuse
than is usually found in average wheat crops;
The weight per bushel exceeds The weight OF most
good, well secured crops; and therefore, 1t is moi
to be estimated by measurement alone, which This
year is not quite so perfect criterion as in most
seasons"
The London Shipping Gazette of October ID
furnishes the following facts and specuaions:
Though wheat has risen in value about l5s.
per Quarter since The end Of July, ana prices Of
other descriptions OF grain in nearly the same
proportion, an opinion is prevalent that quota.
lions will be much higher during The approach.
ing Winter. The grounds for This belief are.
the ascerlained deficiency in the produce OF all
Spring corn and The extensive failure OF The po,a-
10 crop.
That Great Britain will require very large
importation Of grain before tie next harvest can
not be questioned; and as The stocks OF old grain
are comparatively insignificant all over Europe,
whilst The harvest OF 1876 has turned ont more
indiferentIy on The continent than in England, ii
NAV be difficult 10 secure the requisite quantity.
To succeed in doing 50, it will certainly be neces-
sary 10 pay high prices, as their own necessities
will render our continental neighbors more than
usually tenacious in parting with their produce.
Great as are the resources Of the United States,
il would be unpiss to calculate on any hing IKE
supply from thence al all adequate 10 our ,cants; ;
and The idea that the price of wheat will continue
10 tend upwards, does not, therefore, appear 10 US
at all unreasonable The deliveries from our
own farmers which have recently been on very
liberal scale, are now beginning 10 fall off; and
for some time to come-un,il the sowing OF the
autumn crops shall have been completed-the sup
plies of house grown wheat are likely TO be mo-
deIate; even temporary reaction in prices seems
therefore improbable. s4