Lynchburg daily Virginian. [volume] (Lynchburg [Va.]) 1852-1861, 1854-02-01
Demand for Breadstuffs in Europe.
AuEs Ea,tes

The Richmond Wing copies an article from Inc
London Times, from which il appears thai
France viii be compelled TO spend Is millions
sterling-very nearly a hundred millions of dob
iars-fo supply the deficiency of breadstuifs IN
that country. Tbs Wing says the Government
has taken the matter in hand, for its existence de-
ponds on il, and has sent agents and orders all
over the world to purchase -four and grain. And
it is not only providing food for the masses but
it is undertaking to give them employment Pub
lie Works are being constructed. and millions APP
propriated 10 keep the laboring population oecu-
pied. Bankruptcy. under such circum stances,
seems TO the Wing. inevitable at no distant day.
foreign war. by withdrawing the supertiuons
mouths trom France, and feeding them by the
plumber of other countries, might. IL thinks. defer
the evil day.
The Philadelphia North American publishes
the subioined extract from a private letter by
ian eminent commercial house in England 10 its
American correspondent, relative to the present
aud prospective condition of the European corn
market. Prices have reached a high figure, and
the indications are that they will still go up. The
demand for Bresdstuffs in England and ON the
continent will. il is believed. increase during the
next few months to an enormous extent, and con
siderable anxiety is felt respecting the ability Of
this country TO meet the emergency.
"Wheat is now near the average price of Sos,
which | expected il would have reached before
the end of the year. II will certainly reach IT in
n few days. and all appearances render Il most
probable that il will not stop here. We have a
hard time before Us; but the prospect for Your
country is magnificent, If you can send u the
immense quantity Of wheat aud flour which some
talk of. | should think II 5,OND,0 ~ or 6,thi1,o0O
quarters came from your side in the neat months,
il would all be absorbed by England and the Com
tinent. at good, if not at very high prices. What
makes the prospect of the corn market good for
the seller, is. that according to all appearances
there has been very little speculation to run up
prices, and the rise follows the gradual asoer-
tnining more and more the complete extent of
the deficiency.
..0ur exports in 1853 are supposed to have
reached G93,000 900. But for this aim st in
credible amount our position would he ut this
moment deplorable. Even with it We close with
some millions less bullion than we began with.
Our export this year will probably be very large,
but as you take less this spring, the continent
will take much less, and China less also. ! fear
there must be a large diminution, compared with
last year. ! h pc your autumn importation will
be very large"
A London Commercial circular, quoted by the
United States Economist, gives, under date the
9Th January, the following statistics of the sup
ply Of home aud foreign grain in Great Britain
The deliveries of homegrown corn continue
small in most places. The returns of British
corn sold in England and Wales, show that in
the 10 weeks beginning the 3D. September and
ending the 10th December. the quantity Of wheat
Did in 1a52 was ] ,676,00 quarters, aud in 1853,
i,336.0o0 quarters, representing IA deficit of3i0,-
0OO quarters in is weeks, or in equal proportion,
a falling off of | 100000 quarters for the whole
wear. The arrivals from abroad are gradually
diminishing, and are likely To be entirely suspen-
led during the prevalence of the frost. For the
present year (t2 months ending 9th December)
the arrivals Of foreign grain in the United King
dom have been in excess of last year by upwards
OF = million quarters, principally wheat,) as may
be seen from the following statement-lmp rted
into the United Kingdom and Ireland from for
eign countries and colonies during L. months,
ending 9Th December-