Richmond daily Whig. [volume] (Richmond, Va.) 1842-1861, 1856-07-11

S"en planted they came In opportuney to supply
the deficiency OF the wheat crop which coupl.i With
other rcsourcc u probabi they met 90 is full extent
q least we uay judge toa the result shs ives the c.ss
am right n sSi, assanp,oa &c sssod IN mo precise
crop OF dxteen miAon auar.srr. The consumption OF
she eoantry, however. amounting twenty one million
qustcrs there still I've miots 10 h. -ovil.l n,
importation Let u.s. therefore, zee how Gar hi, leG,,.n
CIV has been met nv supply OF iorvyn corn
u, retercnce Ia the returns OF the BoarI Of Trade.
IND that In seven months from the Board of Trad. find
that Ia the months from the sOth S.,p.mt>r m Tho
soth April the quantity of wheat and osr a. vh.., &
ported iron all parts, aud oi all descriptions Il
quarters al which there have been re exporc n, xs
quarters leaving isas +ss quarters During th. sam.
period Of s5t5 the imporations amounted To a:a ssI
quarters ct which ls.+ts quarters exported leaving
sSalsS quarters Tor home coitsumptions IN. har
vest of 1884 the abundant one ever r~sp. and
exceeded that o 1885 by quarters reduced by
the potato crop aud other equivalents To ooooooo and
yet 80 closely did consumption bear upon the trace. of
production, rather demand upon supply that without
ANY speculation, high price maintained throughout
the This il able circumstance and teo,ir.
rierenee To the condition VI the country TO explain the
cause OF such anomaly.
Ia well known that the harvest OF 1883 vas the most
deficient one We had had for great number oyesrs
thst was below an to be extinct OF least
third which with the required average importation OF
hve million quarters would make deficiency Of nearly
tensnda hall million OF quarters reckoning the annual
consumption Of twenty-o million quarters This enor-
nous deficiency met by importation Of about six
million quarters and by hsreP"ction Of ne STOCK Of old
n'o" quarters The reduction OF this stock WAS stniu.
lated by the prospect Of abundance which presented H.
-e early in the season. and induced the farmers get
out ct stock closely possible; and thus arrange
ment which no human foresight could have contemplated
enabled tn d through the without tosr
enormous fluctuations aud excessively high prices
have seen on former similar contingencies.
But this reduction OF stock left entirely dependent
upon the crop OF 1854 Tor the years supply for hap
Pened that In consequence Of the failure of the wheat
America We could obtain but little from them The
whole importation for the year-fom the first October
1884, TO SOth September, Is55-amounted to IS
quarters from which, five deduct Al SAL quarters expor
ted, leaves ASSIST quarters. little than half
the deficiency occasioned by the reduction stock The
aiencs OF the harvest last also told heavily upon
the stocks in hand and left large OF English wheat
asa the harvest Of 1854. We therefore again began up
on the new crop il arvescd having little
or no old wheat to fall back upon This brings TO the
question Of hat will be the effect ia regard to the flu
ture, OF these various occurrencesg
We have reason To believe, that the approaching har-
vest will mud Us in precisely the condition s54
namely, that the advent OF peace and the prospect
abundance stimulating the farmers carry their wheat
To market a. fast as possible under tho apprehension
large importations, an abundant crop, and conse-
qnence, low price wear. We know that in many Iii.
cts the stock OF wheat in the farmers hands reduc
Ell To minimum, and that many growers have wholly
sold out who generally make a reserve On the other
hand have still at least three months before can get
supply OF new wheat aud in the meanwhile the country
markets viii he scanty supplied by the growers that
they viii press upon the depos foreign corn London
and elsewhere, to make up the dcfciancy We have no
ca does not appear to have great qusny spare
and what We get from thence this is OF very in
rior quality. The Baltic provinces can spare very little
whilst from southern Russia shall obtain no adequate
supply until after harvest when it s probable We shall
have at least the usual quantity.
We must not however, forget that France is in pre-
cisey similar condition with the United Kingdom In
pect 10 the supply of wheat Her stocks too are far
exhausted aud she will require considerable addition 20
to the impoatons OF the make up the consump-
ton And this would have been the case even il the in
undaton have not destroyed portion the growing
crop for in France here consumption has gone ahead
OF production, aud a rapidly increasing population will
render increasing foreign supplies annually Necessary
mas be said that improved cultivation will enable France
to NEE. these accommodating claims hut the subdivision OF
the land ia that country against Improvement in agri
culture whilst the attention OF the small farmers being
divided amongst many objects OF production is equally
ninncal To the cultivation of cereals il is pursued in
England We SHALL therefore, have Compel. with the
French buyers for the small quantity Of wheat still remain
ing IN the exporting countries and shall have purchase
1t at high price
IL will be- inferred from the aove reasoning that look
tor an advance in wheat before the growing crop
Is harvested What will be the probable state of the mar
kei another season. will be the subject another letter
J,0s ~. Yours &c SC
IL ought To be stated that the English wheat ported
Is n" taken account ofby the Board Trade Returns
let considerable quantity has -cnt aboard proba
bly, 10 the eItent OF lUOOO grs