Fayetteville observer. [volume] (Fayetteville, Tenn.) 1850-1966, 1857-09-10
The Wheat Crop.

The following reflections upon the
wheat crop and the policy the pro-
ducers ought to pursue, are from the
New York Observer, one of the most
prudent and reliable papers in the
country. Our agricultural friends
can ponder them, aud then sell or
hold on, as to them may seem best.
The Observer says.
We have heretofore shown that
the crop of Breadstnffs throughout
this country is above the usual aver
age, but it remains an interesting
question how far this production will
find ready market Ii there is no
export demand, and the whole crop
is left upon our hands for home con-
sumption, il is easy TO see that there
must be aegenersl break down in pri-
ces; bat II there is an opeuing abroad
for part of the production, such d.
version will limit the decline, and
afford great relief to producers
France will need but little outside
help The current year, the deficit for
the last two years being chiefly ow.
ing to a deficient harvest. Still We
do not believe that France will be
entirely sell-sustaining, the old stock
being entirely exhausted, and the
wants OF the people having largely
increased. Last year she took near
ly 25,000,000 bushels of grain from
other countries, at rate compare
lively high, aud the coming year
she is likely to ueed say 100000
bushels. At sny Fate, she cannot
become an exporter to Great Britain,
as she has been ia former years.
Spain, which has been classed among
the exporters of breadstuffs. lost a
large portion of her crop last year,
anG Vas q buyer from us. This
year she will grow nearly or quite
enough for her own wants, but owing
to the drainage of stock will have
nothing to spare. Great Britain will
have fine harvest, but she can never
more hope to obtaiE complete sup
ply from her own fields, and she must
look to US for part Of her food. We
have shown that France and Spain
cannot aid her, and we must be sue
oessful competitors with the rest Of
Europe ia this trade. The sources
of supply in the Baltic are again
partially cut off this year, while the
Mediterranean aud Black Seas cannot
recover their position for several
years to come. No reliance for help
can be placed upon Germany, as the
crop of Rye throughout Northern
Europe is much Injured, and orders
have already been sent out for the
purchase of this grain for German
ports. To sum up The whole matter,
our exports to France will be very
small; to Spain will nearly cease; to
Germany be confined to rye and low
priced " heat;to England be somewhat
reduced; to the West Indies South A.
meriea and other countr les, be in
creased. The whole must be made
at prices considerably below the av-
erage of the past few years. IF far
mers take this hint, bring forward
their crops in good condition. and be
willing to sell it as it is ready for
delivery at the current market rates,
they will SO reduce the supply in
stock, that fair rates may be main
tanned throughout the year. IT, on
the contrary, they keep the grain
back, and hold out for higher rates,
until the export demand has been
supplied elsewhere, they viii see their
error when too late, and have a bro
ken down market for all the rest of
the year.