The weekly Portage sentinel. [volume] (Ravenna, Ohio) 1854-1861, 1855-10-20
The Grain Crops nnd Ihc; Euro-
pSln Demand.

The Grain Crops and Ihe. Euro
pean Demand.
From well digested article in the New
York Herald upon the. grain crop Of this
country, and the anticipated demand II
Europe, we extract. the following:
"The extraordinary movements In pro.
duce, on Saturday, embracing sale to an ex.
tent OF nearly half million dollras. il calcu.
lated to provoke the minutes inquiry into the
causes which are operating upon buyers.-
A few days ago were published from the
London TiSses and Paris Moaitsiif positive
declarationskof sscousiderabie deficiency In
the grain crops in both England and France
lin the latter country to the exteut ofsev-
enteen millions of bushels. We were fur.
ther Advised that considerable orders had
been sent to this country to supply the de-
mand in France; and we are now informed
OF an alarming deficiency 10 portions 6f
Germany. Our Berlin correspondent says
that orders from that country had also been
sent to the United States, and that the gov
ernment had determined to supply the army
from our productions. See our market 70.
port ia another column.
at 10 now certain that there 10 very
marked failure of the crops of France ana
portions Of Germany, and 10 some extent 10
England; and that there is large surplus
in the United States. The first effect of
deficiency in Europe is already visible 10
the movement ol speculators, who have ex.
tensively accumulated the stocks on hand.
which they hold for higher rates. Il IL
quite probable this fact may account for the
large orders sent to this country, and the ex.
traordinary activity Of our grain markets Ii
the present time. .-...f
"Granting our surplus to be fifty millions
OF bushels--the amount we long since esti.
mated--it seems now probable, since the
Danubisn productions are wholly locked out
from the army of the East aud from the de-.
mands OF the west of Europe. that all Of It
will be required to meet the deficiencies in
the three countries referred to. It should
be borne in mind BY American PRODUCERS
that an alarm in the old countries upon the
question Of food may be stimulated to some
extent by interested operators; and in this
view it is quite likely that prices may range
as high at the present moment as at any fa.
ture time. Those who have operated in I'D.
vsnce-who have large stocks on hand--srs
apt, standing behind their own immense ae-
cunidlatioHs, to Under. estimate the stocks of
others. To some extent this is the case in
our own country. where means Of acquiring
information on all subjects is limitless. IN
Europe, the public mind is still more liabls
to be misdlfected. 1t is, therefore, not un-
likely Shat the present moment 10 the very
best time we shall have to get rid Of our
surplus at good paying rates.
"The movement of grains Upon the ex-
change market must be favorable. There
is one thing to be thought Of IN this con-
nection, and that is the effect OF the war up
on the manufactures and commerce of Eu.
rope, and upon the consumption by its peo-
pie OF our cottons and grains. 1t is quits
impossible that there can be anything liks:
ordinary activity in the grand branches of
industry in England of France. Ifno other
cause can be found, the immense derange.
ment of the money market, the diversion
at short periods of the disposable resources
of individuals in what is thought to be safe
and profitable stock investments, to carry.
on the operations Of the war, will, of itself.
raise the rates OF commercial interests, end
restrict and eramp the movements Of trade
and manufacturing industry.
"ln Europe, far more than this country.
all the branches of labor are linked togeth-
er, and share. to great extent. the same
fate. If the great cotton works of England
are seriously affected, it will be because
grain is high--because the rates OF interest
have advanced--because commerce is par
alyzed--and, as we arc the chief producers
of ths raw material. ii is quite likely, that
we shall witness limited demand for that
kind Of production. This fact should be con.
sidered, in connection with the activity Of
the grain trade, in estimating the probable
effect Of the general markets upon our for.
eign exchanges.
"Agair, ID reference to the shipment Of
specie,it should not be forgotten that the
great money establishments Of England and
on the continent, in consequence Of the
war. are liable. 70 be driven to extreme
measures to sustain themselves; and at such
seasons we may lock to the overthrow Of all
ordinary laws Of exchange, ID obedience e
the force that shall be used to withdrew
from W portion Of our precious metals.'
-s.';ss - : -----
An INCIDENT IN ScHooL TKAcRfne.----