Fayetteville observer. [volume] (Fayetteville, Tenn.) 1850-1966, 1855-11-08
BREADSTUFFS.

80. ~ 10y fAoi'he
articles of the export trade of this
country during the coming year. = !
The trade has already been briskly
begun on large scale, Hunts Mer-
chants Magazine for October, speak
ing on this subject, says:
The great business Of the next year,
after cotton, is to be in breadstuffs.
There is now no question but what
the harvests Of Europe have sadly
disappointed the hopes Of the people.
In Germany the yield is far below the
average, and the demand for rye from
this country has already been active.
Several cargoes have already cleared
for Antwerp, and over quarter Of a
million Of bushels of rye have been
contracted for to arrive at the seaboard
for the same destination. In France.
the grain crop is also deficient, and
much excitement has already been
felt there in regard to the future
We learn of engagements in French
markets for large deliveries of wheat
and flour three or four months ahead,
at very full prices We doubt, how
ever, if this business is we'll managed
in that country. It is something SO
novel that the merchants appear to be
always at one extreme or the other.
Last year a large majority of the inn
fports from this country were neither
suitable in quality nor landed at the
proper season; while great many car
goes sent out on French account were
ordered to England for market In
Great Britain there is less said about
any deficiency, but the crop is below
an average, and the English must be
heavy importers of breadstuffs. This
was caused, not as many appear to
suppose, by the rains of the summer,
but by the severe cold of last winter.
The thermometer vas at zero for a
considerable length of time, with I'M
favorable winds, and muchof the wheat
was winter-killed. The demand for
food for Europe is now directed to the
United States. Our own crops were
somewhat injured in the gathering,
;, owing to the wet weather, but the dam
f age has been limited and local, while
the actual yield is greater than ever
before known in the history of the
country.
I In the Genesse Valley, and in Ohio,
, where some of the best white wheat
is raised, the damage is serious, but in
most other parts Of the country the
injury is nominal. In the Far West
and Northwest, the yield is enormous;
and Indiana, Illinois, Iowa, and Wis
Iconsin, the last three especially, have
raised wheat enough to feed the whole
! country, with surplus to spare
The Canadian wheat, much of it very
choice, will fully supply in our markets
the deficiency in Genesse. What
effect the foreign demand will have
upon prices, it is yet too soon to deter
mine. IF no such demand had arisen,
breadstufs would have been lower
throughout the country than for many
years. If the crop now harvested
could be sent at once to market, the
export movement would only bring
the market value up to paying prices.
But the harvest, owing to the wet
weather already noticed, was several
weeks later than usual, and this brings
the work of threshing, Sc, too near to
seed-time for the farmers convenience.
Still the quantity already in move
ment is very large. The channels of
communication, both by water and
railroad, are becoming choked with
1.-THE quantity on its way to market,
and unless this movement is inter-
rupted by an early frost closing navi-
CATION, or the exporters becoming ex-
cited and bid upon each other, we see
no reason to anticipate such prices as
shall be uncomfortable for the home
consumers. Indian corn is promising
beyond all former precedent; the
warm weather during the first two
weeks of September was of almost
incalculable benefit to the crop, and,
unless something quite unexpected
OCCUR, the yield will be immense
This, Of course, will not be available
for the current season, but it brings
out all the old corn, and thus the sup
ply is far in advance of what even the |
most sanguine anticipated.