, 1861-10-09

TIE DHFICIKNEY IN T4E CHOPS
or FRANCE AAD RNGLAND.
The Kark zaan9 zai 147p51r.s Of the 18th ~, has
come 70 hsnd-containing vary, interesting aztt-
cle On the above subject, which ne give below:
In another part II our paper viii Be found Sc
rtee Of reports on the state OF the harvest in
France, carefu1y tsanslased nom ne TT @3oitrnal
aAg*s qgts q the h A. AaG1st IT. tbs.a sna
reports were written tho CON hsd most Of 1t bes1
housed and considerable quantity Of wheat
thraehed4 20 that Ar Judgment q MY be formed
supply Of bread-corn- It Is not saying too much
when we affirm that these and other authentic re-
ports On the subject have been Of such character
there l. 10 stock OF old corn to fall back on IN caze
of fec81City. NOT Is the question Of less import
a1ce to this country, under the peculiar aud con-
II to aect 10 serious extent the g1ain traae, bJ
cs4uHiDg diveraton Of the supplies we have hlth-
e1to. With 60 much facility, Obtained when they
ore at all conversant with harvest aatrs that our
crop OF wheat Ii not only deficient IN point Of
average yield, bpt that the breadth soWn is also
sears. haediton to this, we shall this sesson
have to compete in the wheatgrowing countries
with Francs. Spain, BelSinm and Holland whilst
been less productive than ueual, there will be less
10 export. The new measures recently adopted
in FTsrce, while th=y open the ports at all
said. forbid tie Governmcnt from prohibiting the
erpertcti0s Of blead-coEn il circumstances should
make it necessary; ard the pronunciation Of this
he intended as . warning that measure 81 The
kind may be fund imperative. Already the Ro-
man Government has issued such prohibition,
which will probably be followed By Others Of the
Italian States These, however, IRE Ct little in
portarce otherwise than showing that tae def
ciet cy Of the harvest is with some few EXCEPTIONS
general throughout Europe: and that it ia ceTi.
EHOErH II, ta ,f,1l lS1ff fha
people and Of their rulers It therefore Il a duty
to the country to take review Of the condition
wAeat and -four between the present time and the
harvest Of 1862
It is en- established rule, that Oh IN .vczasc Of
!earf Tie United Kingdom Is obliged to purchase
difference between the native growth Of that
grslA AID the ANIMAL consumption. There ia no
himseif b looE1nE over The I re,usns Of lie Boara
olTfsdc fer the laet ten twelve years. Itstrue,
some Whest has been re-exportee every rear; but
the qnan,ity 1s almost Enthusiastically small
compared with The Imports, so a. to be scarcely
noticeable as est.etf 70 the latter and it is fu
thet TO he observed, that the 1mportations have
daHot for Europe. blt for its actual consumption.
rms + proved bJ the email quantity exported,
a4d stt1l mere h the tritling accumulation Of for
elsn wheat. and the email amount Of i'd English
!st: at the commencement Of the pte mt harvest
II IL probable that. notwithstanding the nnp.e-
csdenIed1y large importation Of the LIST cereal
ytar: We commenced the present harvest with
smaller stock af araihhle wheat, taking English
sEd foreign together, than we hsFe ustatIS haG
by uE at that season.
In referring back to the harvest Of 1864 We ren-
t1Ied ar opinion at its clost. that the deficiency
IN the steek Of available English wheat OF thst
gFqwth vas sISh IS TO require 81 Importation OF
at !east ten million Quarters. This calculation
rrovcd correct to the letter: for between the lat Of
Stdtenber+ 1860 and the 31st Of August, 1851, the
e %e dsR aRd ea aSn
sumption That 1s. we probably hsd not half nil
Lon more Of foreign Thtat in stock ct the vaEioos
Honth, than We had Sept /, 1850. 20 that ton nil
lion qnaIteys Of foreign wheat were actually con-
EIned, IN sdeition to that Of home-growth.
had ever before been imported in any one year,
AID Leaves room for deubt Is to the actual def
Cheney Of the crop Of 1850 We have next to look
stock Of English what the importation that viii
probably be required for the seasonal year and the
ta;Ded.
In the first place We must reckon i've millions
~ the regular requirement OF the country even in
an @ average year, taa: being il round num5srs the
estimate the deficiency Of the present CROP taking
that Of the average yield ard the ahostnsss Of the
breadth sown, ct one-ffth, Or three million quar-
cumetances Will admit OF. This makes the actual
requirement for the scaspn amount 10 eight nil
len qnarterE: and the Question then arises, to
what countries are We 10 look to ubtain it,
It fs certain that We shall have to snstiiu viz
oIou5 competition, In all the Wheat-exp3rtiUc
1.sd a1es; s1tn ;h9Ee SSatss , We have already
impof Iatton ci ten million Quarters, a1 c1o7mous
quantity Tor country whick has, fur the 1ast two
or 9I shreg ~; Tears been an exporter Of wheat and
10 elsnteep Mlllcn quarters, ., nine aoasaad car.
goes V 1000 quarters 9d6s g. lie t.aa two couusrics
c7l1yirE $40, l53 quarters weekly without intermis
eih1e quantity, 1--WE are judge cf The present ex
port31 power Of the neighboring natious 5y the
psat. such, however, is TIC present state Of the
Spain, Belgium, and Holland, which vii al BE-
b43e ~ well as France and England.
Il then: this view ef tie question is correct, it
po1tant competition for obtaining the chef nccce-
es1 q life hat this country tas for some time Ind
to undergo; and itIs equally evident that it is
fTeseh iofe=ssi1d Us il lie s american ': ms!kef s
having made extensir. purchases at New
TSa TSsk ssq.a ard Other ot The lFanE.t! MTG ports
during the last fortnight have much exceeded
What hasbee1 imported. AdWcea from New York
state th,t 50 GOO bushels Of wheat and 9,uoo bar
S1th 70 the 18th August, ard tnst i've Other vessels
D4d taken previously IT,, 53t bushels Of wheat and
~ barrels Of hoaI- On the other hand. the
sales at NArseilles alone, the week before last.
amounted to above one million bushels Of wheat
Thieh e va chiefly Purchased 70: the iniesior Ard
both Of Parit and lie departmerts Continue to sd
Esnce' EotwitsstanciEg The dullness of Tie trade
here In fact, whilst tie best hnur with Us is 51s
The French can, therefore, afford to nnrcha5e
Wheat over cur beads in any Of the markets; ard
sas oN to Rssfs sard 5s 5at f @ @se ee he %
# iswel to lo.k tEis dilemma in the lace at once.
IT, ,, 70 I.s @ Ms Sha gain ao:hiu BY endeavor
man oy Ar;e iHportations; and tEesa eau only be
OBTAINED by keeping ahead of our neighbors in
time to be lo.t. Tie French Government il fail77 f7
ware ~ 91 and alive to, tie czigeucy Of the conn
" and does rot IN such cases. like our own, leave
private enterpI1sh. Cn1ess, therefore. our mer
chants 6est1r themselves. they viii soon be fore-
.taea 1 In ~ y Tie Ports Europe
There il one circumstance winch VIII orobsh1y
causa, unfortunately, reduction in the corsunn-
and the re- ds9aEeas ct trsde gensra
It1s, IN some measure, arises from the Trest scar
ct! e! "a 1fsh price Of cotton and ps1tI5 through
in the United States, owirs to tie operatfons If
the new tariff added 10 the disturbed state Of thst
e@o9ntTy @ and the consequent decay OF trade. These
cor snmption Of food IN this country, espec
1sly II the price riscs to high figure; but
tshe} VII apply more to meat than to b1ead,
the operative clssees II ont Ct work al baei uoon
the cheapest article Of food and that il bread We
70 note thai the large cotton manufacturers
four ds1. in the week, which viii reduce The earn
1ngs OF the operatives one third. How 1onc fhix
NJ. ~" cont,nns it Is impossible to say: but a. aay
States ne fear there IS no prospect Of snetaS ~
setts srnent Ct the dispute with tue North and ths
South. The Americans hare had an excellent har-
ret, though Lot productive as sa1 OF 1sGO; but
1hey are an11nne to convert it Into money, ard
N!il forward all they possibly can to the eastern
seAhoard befoic the frost sets in, which will be
abcnt the middle Of November. Now, therefore,
is the time for our merchants to consider for
MoLth hence may be too late.
MARKETS. BIZ TELEGRAPH.