Daily Democrat and news. [volume] (Davenport, Iowa) 1859-1864, 1859-11-08
QIOCELLANEOU0

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latiou to the crop ofwheat in France In
dicate Il at later in the season an export
demand il quite possible tor the surplus
wheat Of the United States. The def.
cheney in France is said to rsnge from
Is to 20 per cent, which on crop Of
II, OOO,O 900 hectoilitres or 200, 900, 900
bushels, becomes . very important mat
ter. The exports OF France for the
year Just closed, in August, amounts to
100000 bushels at low prices, which
would be Is per cent. on her avergae
crop. The low prices that have ruled
have, however, doubtless stimulated =
larger consumption than usual, and
France has sold her surplus only at .
low figure. This year deficiency to
that extent would prevent any export,
but would not ofitself create any demand
for France. 1t would simply throw up
on the United States the demand for
those supplies for Great Britain that
France furnished last year, and would
restore some activity hence later in the
season. It is to be remarked in contra
dictiOn to the rumors OF deficient yield
that the prices rather tend downward
than otherwise, very significant indica-
ton that the rumors arc to be received
with great caution. The deficiency il
France is. stated to be not so much in
quantity as in weight; the berries are
not full. III the United States, on the
other hand, the weight is unusually
good. The leading dealers in this city
have generally had wheat as low IS so
lbs. to the bnsh., in some cases even As
lbs, while this year lots Of 10000 bush
els will average SO lbs, giving in fact q
weight Of 10 per cent. more than usual
The supplies are also good in the mar
ket-more than the reports Of the daily
papers admit. These reports nearly all
emanate from one source, and that is not
quite reliable. The receipts reported
tor the last week are quite go per cent
under the fact, and the abundance OF
money, with the concealment Of Stoke,
affords ct this time strong support t.
the market. At the West, in the most
wealthy regions, the wheat is withheld
from market in the hands Of the growers
who individually are able to hold, being
independent OF the distrc>ses which
overtake the trading and specializing
portion Of the public. At the extreme
West the crops are no doubt very good
much larger than formerly in proportion
to the local demand, since the army O
railroad operators, spectators and emf
grants from being consumers or buyer;
of food, have become sellers. The de-
liveries Of wheat are large in Iowa, Min
nesota, Wisconsin and Illinois, where
for several years the surplus was small
There is now no sale but that obtained
by export, and the wheat comes for
ward freely at prices by no means salts
factory when compared with those paic
locally for series Of years. The stock.
of wheat and -four, which run very low
in the last year, are filling up from these
sources, and an export demand in thu
Spring would draw out the larger sup
plies of the older States. 1t is probable
that the country this year could spare
as lsrge a quantity as ever before 10 any
one year. The proportion Of -four thai
comes forward is much larger than usu,
al, since the shippers decline to send
grain by railroad, owing to leakage
1t is Toured, :and SO forwarded in larger
proportion than usual. The larges,
quantity Of wheat ever exported from tho
United States in one year was 80 million
bushels, or 20 per cent. Of the growth
"a very important item, and the freight
on that equalled S6,OoO,OOO. This yea,
the same quantity could be carried pro
badly for 100000 since the supply O
shipping Is SO large and the dearth o
freigbts so great. The question is Of the
market abroad. II it turn ont that thu
usual sales can be made, renewed lif.
will be impaired to the whole West, moi
only on account Of the proceeds Of the
crops, but the credit that would result
from it. The effort to withdraw capita
from that region would cease, and sc
mutable is public opinion that = renewed
flow Of capital that way would no doubt
set in.-Economist.