Fremont journal. [volume] (Fremont, Sandusky County [Ohio]) 1853-1866, 1859-09-09
From the Y. Herald.

Il
lens of the day are, how will the price Of
wheat rule this fall aud how much wheat
will the United States exporti Upon the
price and export Of wheat mainly depend
the recovery Of the great Northwestern
country, the profits Of the Eastern mer-
chants who sold goods TO the west, the re-
ceipts Of the great lines Of railway which
traverse that section, and, in a measure, the
course Of finance and stocks at this and 9th
er centres. | . s uEia
The wheat crop of the United States
this year is estimated at 100000 900 BUSH
els, mainly of very good quality. The
consumption Of the United States is set
down at l25,000,O00 bushels. 1t may be
rather more than this; we arc inclined to
hink that this season it will be nearer 1885,
100000, If the latter figure be correct
the country will have surplus Of 65,00o,-
600 bushels, of which over half will be
available for export, the balance remaining
on hand, as usual, to provide against emer-
gencies, for seed, DC. .-.... ....ss.
On the other hand, there are several
countries which produce less wheat than is
required for the consumption Of their peo-
pie who depend upon the United States to
make up the deficiency. Such arc
/. The British possessions in America,
including the British West Indies, which
may be relied upon to take about 7,500,-
900 bushels, either in the shape of grain
or -four.
2. Brazil and the rest of South America,
which will take 100000 to 100000
bushels.
3. Spain and other Mediterranean coun-
tries, Australia, China, French West Indies,
Cuba, &c, which always take more or less
grain, and which may be put down as tho
consumers of 100000 bushels.
4. Great Britain. The average product
Of wheat in Great Britain in good seasons
fallsshort ofthe average consumption about
4s,000,000 which are supplied 10y the Uni
ted States, Franco, Russia, Egypt and the
Baltic countries. Tho proportion in which
this amount is supplied by these various
countries depend on the quality ofthe crops
in each. Some years the United States
supplies half the whole quantity; in Other
years again, the proportion sent by this
country is less than a third. For the past
two years France has been the largest ex
porter of wheat and -four TO England
The French harvests have been unusually
bountful, the surplus large, and the quality
of the French -four exceedingly fine, while
! the proximity Of the two countries ba
given the French a marked advantage owe
their more distant rivals. The smallest ex
port Of wheat and flour from this country
to England since l943 was in 1888, whcr
we only shipped about 81 100000 worth
we have shipped over s2o,ooo,o0o. O
the amount of wheat grown in England
this year, and Of the amount which can bt
furnished by France and Russia, it is &c
too soon to speak. Judging from the re
ports which have appeared in the papers
and from the private Information VIC have
been able to obtain, it appears that tho
British crop will be barely an average, if al
average, and that the quality of the grair
is poorer than last year; while the crop il
France seems to be decidedly below an av
erage; of the South Russia crop, the only
thing that has been heard is, that some
weeks ago the fields we're reported to be
suffering severely from want of rain.
4 From the above facts the readercan form
his own opinions as to the prospect Of Tho
trade in wheat this fall If the failure o
the French crop has been general so as t.
throw the business which they had las
year into our hands, it is probable that I
considerable rise will take place in wheat
; If England takes s20,Ooo,oO0 worth from
US, the whole of our available surplus viii
go abroad as fast as it reaches the sea
, board, and prices will be maintained, o
, nearly so. Under any circumstances th'
above facts show that it is as prcposterou
to complain that the west has no marke
for her grain, as it is to pretend that thu
! farmers will dispense this winter with dr.,
. goods, groceries and tools in order to hole
it back.
There are English orders in town 70
.. white wheat, which are limited TO abou
AIS, or say 81, 90 or $l,1o bushel; tba
quality of grain is now held here at l,3t
and 40. As the season advances and tn,
enormous stock now stored at the Britsl
scaports IS disposed OF, it is likely that tn
British dealers will bid higher, while on tn
{ other hand, the increased supply here vii
. probably induce holders torelax theirviews
a Thus by the end of September, as usua
. buyers and sellers will be ready to NEE
. each other and the export will begin. B
1 that time more will bo known of the actua
f product Of grain in France and Englan
: and something like reliable estimate c
+ the probable export may be formed.
HJAoK RossrTER" IN ENGLANp.-Th