Richmond daily Whig. [volume] (Richmond, Va.) 1842-1861, 1856-05-26
THE WHEAT QUESTION

review Of the British corn trade Tor the preceding seek
a. toows.
Ia consequences Of the cod Of the past week the late
rains have not produced the improvement anticipated Ia
tue corn heds nevertheless this may prove ultimate
bcneht as To the prospective Weld though
taung harvest makes the consideration OF present stocks
more important Although supplies, the whole have
oeen well kept up int he country markets the tendency
cry ~hcre has been upwards ~ithan average
OF Is u - per qr A might have been expected the
fsin Hour market has show soe raction ON the late
serious advance but wheat which did not u, partcipat.
IN the tsc cannot be bought under addition francs
per sack tS- per qr The King oi the T~o Sichcs has
extended the time at IN wheat Maize, aud other
corn To the 10th Of June ncsL with duty re-
dneed 10 one-hsi OF the late This may help bring
forward some 2VouOo quarters But Spain isr les,
promising IN cous the great scarcity aud high
prices oi wheat, facts which have induced mers TO
cease working and offers oi Hour which in agents
hands Tor the London kes have, consequently. bc-n
entirely withdrawn. The expectations from Southern Rus
a too must DO nearly Hunted to the Sea OF Azo whose
shallow waters, with the destruction OF lighters 10y the
Allies, give little hope Of timely arrivals thence in
quantity In the Danub tue quality wheat is difficult
De- FOUND the weight o the last crop being little 55lbs
per bushc The forced sales at Hayrc realized 81 To 40
francs Tor American flour; aud advces thence state, had
the quantities been double they would all have bc-u quit
ted She lower qualities OF American Hour
rtiogradc but these being mostly unsuitable for En-.
ghsh markets, liberal shipments be expected.
Some WHEAT from the has been shipped Tor France
AT rs per or, cost, freight aud Insurance included In
Heating cargoes there has been COOL business The OH
ci returns OF sal for the last week from thu 29u towns
W ~ 6Is. lld against ~,
last season The quantity at foreign wheat aud hour i'm
ported IN the week ending April s3rd 2u5 qrs
athe general agricultural report for APRIL. in the
came paper. the writer says;
The close OF ~arke operations has accustomed in
huence upon the trade Buyers undcr the imprs-
sou that peace signtes plenty and with the growing
conviction that shall Immense quantities of
hood from the Baltic and Black Seas well a. the Sea OF
Ahon have operated with great cauton and te~
oar farmers have evuced much anxiety tn become sellers
has b,en in
inactive state, and prices have had downward ten
dency Nov, To US, is matter OF great doubt whether
W. shall receive anthing like the quantity of from
Russia this that many parties sntcipaie and
thus opinion l., in great confirmed by
advices from merchants long resident the northern aud
southern ports They intimate that the quantity Of grain
&C. at the various scaports ready Tor shipment uuusu
ally SMALL and they contend that owing the unusually
severe sscrce of life during the last years and To the
immense numbers OF people drawn from the land for mil
tary purposes it will be impossible bring down fom
the interior very large supplies II grain during the
three four nosths. But assuming that We shall receive
l,Oo1OoO qrs OF wheat from all Russian ports this wear
the practical man must see that that amount of
suppy-when our wants fairly considered-canuot
have depressing influence Upon value We are not
arguing in favour OF permanent advance the quota
uous because consider such event most unlikely
out At the time impression is that We stall not
import more than be conveniently consumed In
confirmation OF our views in reference the export
food from Russia We may quote the following from st
Petersburg
we informed that the conclusion OF the war va.
followed in London by rapid TALL ia the price of Russian
commodities partly provoked by the notion that Rus.
-a has accumulated quantities of merchandise of all
sorts during the and thar it now dispose Of
them at low figure. In calculating thus the English
merchants forget that throughout the Russian
have continued by of land aud that thus shall not
he compelled To sell the old stocks cheaply The snppo
stOn OF great quantity oi Russian merchandise prcpar
in anticipation is equally Russia cannot at this
moment export any other grain than already found
IN our s'aports, in their neghbourhood since there
would not be- time TO bring anything from the interior for
the navigation Of this year. The in in the
southern ports Will have probably been already purchased
on the account OF French merchants. Ii i only then
bctSceu the autumn and spring that Britain
can hope to lind cheaper in Russia than America
We must matter OF course, receive the above with
some reserse but At the same time, it is evident that
from the crippled state OF the Russia very
large outflow OF grain be- expected hence it follows
that os range in the value OF English produce an event
not likely To happen this year.
Much discussion has been carried in the
stocks OF wheat now IN the hands of farmers and
upon tins important question appears principally hinge
future prices That great nroads have been made upon
last years crop must he evident all engaged the cu
uvaton Oi the soil still, when bear ia mind shat many
OF our small farmers have wheat hand-and At lime
of the year too. when their rckyArds are frequently
cleared outthat the various local markets are steadily
supplied and that there has been scarcely any demand at
tic large onports 10 meet inland consumption,
convinced that the actual quantity has been much under
estmatei The stocks OF spring corn however are now
reduced TO very low point.
Birmingham circular (Messrs. SturgesJ publ shed in
the Express, says:
The Roman government has ssued decree permitting
the eIp0rt OF wheat from the PApal domnions under
certain restrictions II this example is followed by the
other Italian states, receive supply of 300 400
10 Jonbu qrs the King OF the Two Sicles has reduced
th" export duty In -. per qr; AMI with what shall
have IRON the United States think il France requires
no further imports this will carry ns ou under ,vorb
circumstances, until harvest. Should however France
want a further supply OF only lew weeks uuptou
OF which there great probability, harvest
b. retarded by unAyouribv weather considerable adj
vance upon present rates take place Our pre-
sent prices are, red English Al to s.. LODI white IS
Sd IN ~ l. per G2b'., at Birmi CHAM.
At Iavrs correspondent the Express writes as fol.
lows:
SiE-The deficiency of tie wheat crop in France in
eighteen hundred aud fifty FIVE was officially est
mated 10y the Conseils Grneraux At about one fifth
An average crop ia France l. estimated at 70OOu-
oOl hectultres l,puOJpU OF which employed Tor
sowing, Leaving about 6p0D0UUu hectolitres Tor con
sumption. On average OF ton year. France import.
lOOO1HO1 OF hectoitrrs than which is expo TED
proving that an average crop il not quite sufficient Tor
one vars consumption.
II ing a4crrainrd that France had no stock whatever
when the crop OF 1883 became Aviahr appears very
probable l5,Ob,OOi hecttiire. wanted To meet
twelve months consumption. Say
Average crop 10000, O00 beet.
n.ftei nn.f