Richmond daily Whig. [volume] (Richmond, Va.) 1842-1861, 1854-12-01
the GRAIN TRADE OF EUROPE.

THE GRAIN TRADE OF EUROPE.
from the London News. Nov. IL
The price Of wheat, which again last market day.
continues to excite great interest and much controversial
discussion. No arguments be required to show thai
the nation 10 better of when its wheat fields return
for the labor Of its busb,ndmeu about equal year
with another 1900 900 quarters than when they return
only 100000. For the expense has 5000 900
quarters But Its annual consumption be 10000
200 and when grous only le 900 900 buy 5000
600 at low price, the total supply being equal 70
the total demand Il will be the whole better off than
when it 100000 and cannot get, or can only
get with great difficulty aud at high price, tho 5000 900
quarters that indispensable to feed the whole
people. This 10 something like representation Of our
present condition. We have admirable harvest, bu, It
will not suffice TO feed all The supplies We require
difficult get and certainly not at presant obain
| ed to the desired extent.
Tho real and immediate Of the present high price,
a. have already than once pointed oot, Ia tho
deficiency Of the foreign supply-the difficulty Of procur
irg from abroad the quantity Of wheat -four ybooy
admits ne must import in spite OF the eIeesnt harvest
70 supply the people with food. Whatever may be tho
at the end Of the year. We have to do with present
facts and to them call attention. On examining the
ing results in the last 81, weeks from the sth Of oc-
tober to the lltb, inclusive, 1904
A...gr.s. .sss4' : :s!s e 1s's.
ma't s:, ess' ''''" t sSs '"esSs g;
81, og s;sss sir '''st s.. g ISIS
These figures teach US things In spite OF much
defamation to the contrary they show that notwhstsn
ding the deficient foreign supply tho consumer has de-
rived benefit from abundant harvest equivalent to
a. Sd per Or They show, too that in tho SIX weeks Of
1854 44O 74 qrs of wheat and -four less have been i'm
ported than In the corresponding weeks OF 1858 aud
though the supply Of home growth has been $50 qr
than In 1883 the balance lcaves actual deficiency
Of lao, AGA qrs, than thirteen per cent The
foreign aud the hume supplies together In the last six
weeks have been e4S4ss qrs, against LOSSES ora in
tho ak weeks OF 1885, aud the markets have been def
the extent Of the difference But the population
10 continually Increasing rate that requires sddi
ton the supply Of wheat Of 100000 qrs every year.
tho proportion Of which Ia six weeks is $4,000 Qn,
that the real deficiency n the markets In the last six
weeks is not less than 100 900 Qrs, than Is per
cent Now it is well known that small deficiency
surplus Of always sfects the price proportonaby
much than its actual amount A deficiency k. this
therefore, increasing week by week for several weeks past
sf,ds clear explanation Of the rise which has taken
place in the price Ct wheat
These figures show also that there has been nothing
like speculation forcsaltg in the Market such
journals have ascribed to tue corn dealers The ouly
speculation is that the importing merchants have not
brought in wheat enough, aud the obvious way
they have imported is that the price which OBJ
tanned here and abroad in SEPTEMBER and carly oil
October made il profitable export than to import
Now prices have got up high, that Rosock wheat
be sold for 92s the merchants WILL doubt import
more wheat If can be Got IN any part OF the world but
it perfectly clear that considerable rise in the price
the SIX weeks average have been SIS 3D. 10 the last week
OF 0cober-wss indispensable enable cchaLts to
bring from abroad the necessary supplies Last year,
the same period, the average price was 62' +d The
price OF prime white Geuesee wheat in New York market
g &c per bushel and last year il 6lc max
ing difference oil price the two periods and pla.
equivalent to las in favor ofha into Iopdon
in 1893 Thers is III this fact ell su :iont
imports weeage then aud have attery been very eli,
We may take the difference just mentioned between tue
price OF wheat in New York last year at this time aud
about LIS the qaarteras spending the the
price ct wheat in all the foreign markets. Said wheat
very inferior article-sold III Alexandria, in October
1883, for 33s Sd, is now from SIS Sd. TO f0s Led
Prices last were high in the producing countre and
this year they higher Without attempting specify
the average rise in price 10 the foreign kels Is GER
tain that such rise has taken place and the price now
everywhere considerably above the average prise OF the
year Immediately prior 1885, 1t is tina, the crops
IN Europe generally, and certrnly in France, Germany
b lgium,and England, good-much better than The
average.
OF harvest in the United States tire reports are con-
tradctory but inclined TO suppcse the whole
will not he much worse than uverge Nsy.r,hehs,
throughout these countries and throughout com
mrrcia world there prevails very high price. CON-
particularly wheat everywhere aad Hear and ON
Naples 10 Prussia tue governments somewhat
Tor the subsistence OF the people The coincieucc
abundant harvest and high prices is confined TO Eng
land prevail generally Wha; is the Cause? There
are on this subject great differences ofopinon The Seis
ard the Daily Ne,ss have endeavoei TO tn All
es IRON great increase OF consumption throughout Eu
rope, without corresponding Increase Of produ
journals contend that the increase OF consumption has
been going for years. that prices with moderate croI
nave remained low, and that consumption was large s
year, with bad crops, and the prices ouIy
degree bigger than now; and therefore. that the increase
sumption the Others refer the whole
Inference 10 the Leaving the ,uence the latter
cause Tor the present. entirely CT view, Say
lew words more in dci.nCe OF tho unnion that rise in
price mainly caused by consumption having ouuu pros
ducton.
Those who deny this seem to US to over look crea, mir
:ipe, Oh which mere enumeration OF the quarters OF
wheat produced different tines and places throws no
light the labor OF the husblndnan the rue Yields
much mere food than he aud his family need. The
agriculture of every civilized country great Ipauy more
pcrsons than tho cuyators oi the soil 1t has too the
Iecuirity as the art improves OF yielding and
produce TO an equal quantity Of labor the ag
cultural population Oh gwen country only increased
consequence Of the increase of manufacturing coni
merciao professional population Creating den,nd for
an additional qu,niiy subsistence The farmer grows
~ sen IT, lie mpG'se ~ Improvement which arises from
an increase oi pcopieibc iinspIng Of all social pro-
gress-ony reaches tue agricultural through the dem
Ut the n'nagrcitural population In the last yeats
combination OF caus, ACKNOWLEDGEMENTS in commercial
policy elimination in the of conycy.n cr facilitating
exchange, the discoveries OF gold in Clornia sni Aus
raia-a'e given great impulse to the progress OF the
commercial and manufacturing population. Between
1913 and 1858 IC,e ore ~ lmple incrcs
Cd III value from ejlSi9i5 to eos g3S ISL or very
nearly % per cent la nc same peroi the imports OF
he United states Increased from 81 97T 900 to $3.50
100000 Ia tho progress Of the last few years OF which
our trade and the trade OF the United States ay be IA
ken az index, all Europe, all the world has shared
the trade Of Belgium, Germluy and France has much in
creased u not much the trade Ut the two Aoglo
Saxon States. Toe increase 10 the frs instance if
not hitherto nearly confined 10 the msrchantie, manuac
nring AMI crying classes consists entirely OF those
Glasses and Of their wch. % them the stimulu, of free
radc facility OF communication, the gold discoveries Sc.
hfst operate anu only they Increased in numbe aud
- their wealth increased could any deceased demand
arise for agricultural produce, any stimulus have come
into existence to extend cultivation. Were the stnuu.
ever rapid IN lis operations the increase OF subsistence
mus; necessarily after the increased demand aud
must take ut least year, IL several years before
rpid increase in the manufacturing end commercial class
"a, aud III their wealth, can be olIu6ed by correspond
NJ incre tse in sgtc Iiural produce.
There eau no no doubt wbstover that very rapid in
crease has lily ken place In the shipping in the
Manufactures, aud in all the nonagcuuril Industry Of
europe. since 1913, cra log great deal OF additional
wealth. to be changed ior agricultural produce and Gre
aiing great demiud for IL.
with this increase agricultural industry and produce
have not kept The population and enterprise of
europe have attcty run TO manufactures trade, and TO
emsdtIop. TIL the last year there great r.e OF
price TO induce extended cuvaou aud then the rise
vas attributed 10 bad harvest and supposed TO be tenn
podry Governments which IN general very ignorant
IA. ltl fiH.ftf