Staunton spectator. [volume] (Staunton, Va.) 1849-1896, 1855-10-17
STAUNTON SPECTATOR.
Gzs---
WEDNESDAY. OCTOBER IL, 1855.
Fore,pn p.mand tor Brsadstufrs.

The neWa by the steamer racine III regard lo
the crops in Europe, has created quite sensation
in the breadstuff market Of this country. The
deficiency in the grain crop of France aloneis sta
ted by an official report to DO seventeen millions
of bushels; and the crop in France and England
together, it 10 now established, will fall short a
bout 81 900 900 bushels. "This is the quantity
by which tho importation Of wheat and -four into
these countries must exceed the average of othei
years But, as they are both habitual importers
of breadstuffs, the actual deficiency of the crops
as compared with consumption, will be much
larger" Throughout Germany, moreover, unu-
sually high prices prevail. letter from Frank
fort-sn- the Maine, dated the 18th ultimo, says
the crops Of wheat, rye and potatoes are good IN
that part of Germany, and fruits more abundant
than they have been since the year lS47 but
Notwithstanding this, the price of bread rises
higher from day to day, and the poorer classes are
suffering so severely as to create fear of riots
and reyolts. Large conveys of corn have been
sent from Hungary and Galicia; but, as the war
will hinder arrivals from the Black Sea, the scar
city will become greater, perhaps, than last year.
This writer remarks that America IS now the on
ly country in the world capable Of supplying the
wants of Germany later letter states that the
price of grain and bread was thrice higher than ii
was in l848 and lS49, and that bread riot had
taken place at Hanaw, in Hesse Causel.
This partant news has again set the specu-
lators and other persons interested, in this eOun
try, to calculating in regard to our wheat crop and
the amount we will probably have to spare for e1-
portation. The estimates of the crop vary from
1870 600, 900 to 23O, 600, 900 bushels, but the for
mer 10 generally regarded as nearer the truth than
the other. A correspondent Of the n Y. Courier
who appears to be acquainted with the subject
puts down the crop of 1850, as ascertained BY the
census. at 100000 900 bushels, and, allowing
twenty per cent. for tho increase Of the crop In
five years, estimates this years crop at .OU0,-
600 bushels. lie concludes by expressing the O.
pinion, that, while We are assured of enough iol
our own consumption, the enormous demand from
abroad will probably have the effect OF bringing
up prices to the highest point Of the goomle't pc
Rod of last spring, and keeping them there until
III, prospec,s of the next harvest shall be fully es-
tahlished
Immediately on the reception Of the Paclfc''
advc.s at Now York, priceo advanced and wild
spirit of speculation arose. An extraordinary de-
mand for vessels took place. sailors were sought
for at increased wages, and ship-cir?snisrs were
put to wor. to fit out every vessel for sea. Du-
RING the first week in October, 1854, common
lour ssld in New York at $6.75 to S7l2i; du-
ring the frat week of tho present October, the
s,ms article sold for S725 to S.. The n. Z
Express publishes table showing the sales oil
br,sdstufTs in that market for the week ending
the 9th instant 1t appears that the amount sold
was. l67 200 barrels four 672, 500 bushels wheat
S2S 900 bushels corn, and l39, 500 bushels OF rye
The average prices were, -four 1913, wheat
81 90, corn $0.S6, rye $l.l7. This total value Of
thsse transactions is 1920, l25-an amount in
excess Of all previous experience. The New
York correspondent of the National Intelligencer,
in his letter of the Sth, says the excitement in
the market was increasing in intensity. On that
day the saes Of -four amounted 10 forty-five thou
sand barrels, and of wheat to upwards of two hun
dred thousand bushels. The value of these sales
exceeded three-quarters of a millioa of dollars ;
and, taking into account the business transacted
in other cereals, the total operations of the day IN
all kinds OF breadstufs cannot have been short of
one million Of dollars, which is altogether unPre-
cedented.
The Journal of Commerce. in speaking Of these
large sales of breadstufls, says "About half OF
the sales are for future delivery, chiefly In No
vember and December. Much interest has been
felt to know for what market the largest purchases
were made. 1t is now generally understood that
the British and French Governments are interest
ed in the transactions, and it ia said that part oil
the flour will 90 to the transport feet at Conusan-
tinopls. These large sales are calculated to ere
ate excitement throughout the interior; but it ap-
pears to us that those who refuse in consequence,
to sell at the present high rates may hold on long
er and fare worse"