The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1859-08-25
FINANCIAL AND CONNER GAL.
WEDNESDAY, August 24-sP.

WEDNESDAY, August 24-6 L. NJ.
The most important commercial problems of the
day are, how will the price of wheat rule this fall
and how much wheat will the United States export?
Upon the price and export Of wheat mainly depend
the recovery OF the great North western country
the profits of the Eastern merchants who have sold
goods to the West, the receipts of the great lines
of railway which traverse that section and in
measure the course Of finance and stocks at this
and other centres il is the important to en-
deavor to ascertain the real facts of the case as err
roneous statements are making their appearance
in certain quarters; as for instance, in to-day's
Courier and Enquirer in which the leading article
after stating that the West would not be able to
sell any of its surplus wheat, argued that
the true way for the farmers to help themselves
is to vote for fresh taxes on the clothes they wear
and the tools they use for the benefit of few
score of manufacturers.
The wheat crop Of the United States this year is
estimated at 900 bushels, mainly of very
good quality. The consumption of the United
States is set down at l25 900 900 bushels. It may
be rather than this; we are inclined to think
that this it will be nearer 135 900 000 If the
latter figure be correct the country will have sur
plus of IS 900 bushels of which over half will be
available for export, the balance remaining on
hand, as usual, to provide against emergencies for
seed, &c.
On the other hand, there are several countries
(which produce less wheat than is required for the
consumption of their people, and who depend upon
the United States to make up the deficiency. Such
are
l. The British possessions in America including
the British West Indies, which may be relied upon
to take about 1900 900 bushels either in the shape
Of grain or -four.
q Brazil and the rest of South America, which
| will take 100000 100000 bushels.
3. Spain and other Mediterranean countries,
! Australia, China, French West Indies, Cuba &C.,
| which always take more or less grain, and which
may be put down consumers or 900 900 bushels.
| 4. Great Britain. The average product of wheat
IN Great Britain in good seasons falls short Of the
| average consumption about 4S 100000 bushels
which are supplied by the United States France,
| Russia, Egypt and the Baltic countries. The pro-
poruon IN which this amount is supplied by these
various countries depends on the quality of the
crops IN each Some years the United States SUD-
Plies hall 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 exporter Of wheat and flour to England
The French harvests have been unusually bonn.
iful, the surplus large, and the quality
of the French flour exceedingly fine, while
the proximity of the two countries has given
the French marked advantage over their more
distant rivals. The smallest export Of wheat ant
| -four from this country to England since 1913 wa
in 1878, when we only shipped about sll 500 OOc
worth; we have shipped over $40 100000. OF tn,
amount of wheat grown in England this year, ant
| of the amount which can be furnished by France
and Russia, it is yet too soon to speak. Judginl
from the reports which have appeared in the papers
and from the private information we have bee.
able to obtain it appears that the British crop viii
be barely an average, If an average, and that The
quality Of the grain is poorer than last year; Will,
the crop in France seems to be decidedly below az