The weekly pioneer and Democrat. [volume] (Saint Paul, Minn. Territory) 1855-1865, 1861-10-18

ne OF the same genera v<nVr ~ EtgaSosto
! the necessities Of Europe for all Of our SUR
plus breadstuffs. Pin fact each new arrival
brings estimates increasing the deficiency
over that announced BY previous arrivals
As consequence the grain trade at New
York is more active than for many previ.
GUS years. AS this is subject in which
our people are vastly interested, we shah
endeavor to keep our readers posted. The
Mark Lane Express, London journal
which devotes great attention to this sub
iect, in its issue of the 10th ult., says:
The upward movement in the price of wheat
| has been maintained, the general gain in value
being Is. to Is sterling per quarter eight inn
perial bushels, or $50 lbs.) but, were it not
for the continued demand tor France, our au-
| tumnal zenith would probably have been pass.
! ed, the consumptive demand having sIackened,
and speculation itself being outdOne by the
| character of the French markets. which have
further risen to that degree that Engish orders
have been shelved by French offers. This is
attributed by some to the absolute exhaustion
| of the stock of old wheat in France>-the influ-
ence of the sliding scale, so recently abolished
| keeping the secret close to the very last; and,
| now that it is out, like the bursting of dam,
every market is carried before it. = x
| The nearest markets being those of Belgium,
| Germany, and the Baltic, these have so risen
| in consequence of French orders, that i'm
! ports into this country for the present must en-
tail certain loss. 10 Odessa the Danuban
Principalities, and America, there is more
calm"
Referring to the accounts from France, it
says:
| 1t is not saying too much when we affirm
| that these and other authentic reports on the
subject have been Of such a character as to
| excite considerable alarm in France, where
there is no stock of old corn to fall back upon
in case of scarcity.
Concerning the British crops, the same
high authority says:
| 1t has now become evident to every one at
| all conversant with harvest affairs, that our
own crop of wheat is not only deficient in point
of average yield, but that the breadth sown is
| also much less than it has been on the average
| CT years. In addition to this, we shall this
season have to compete in the wheat growing
| countries with France, Spain, Belgium, and
| Holland; while in the Baltic Provinces, the
wheat harvest having been less productive
than usual, there will be less to export.
If, then, this view Of the question is COR
rect, says the London editor, it is evident
that we are upon the eve of more important
competition for obtaining the chief necessary
of life that this country has for some time had
| to undergo and it is equally evident that it is
price alone that will bring supply. Already
| the French have fOrestalled US in the American
market. having made extensive purchases at
New York and other of the transatlantic ports.
1t is well to look this dilemma in the face at
once, continues the London editor, for assur-
eddy We shall gain nothing by endeavoring to
Il Of fk1, <Lo.x
by large impOrtatOns and these can only be
obtained by keeping ahead of our neighbors
| in price IN he foreign market. Nor is there
any time to be lost. The French government
is fully aware of. and alive to, the exigency of
our country, and does not in such cases, like
our own, leave everything connected with
commerce j grain, to private enterprise
Unless, therefore. our merchants bestir them.
selves, they will soon be fOrestalled in all the
grain eXpOrtiI ports of Europe, as well as in
those Of the United States. 3
The Americans have had an excellent har-
vest (not exactly, though not so productive
as that of 1860: but they are anxious to con-
! vert 1t into money. and will forward all they
possibly can to the eastern seaboard before
| the frost sets in. which will be about the mid
die of November. Now, therefore. is the time
for our merchants to consider, tor a month
! hence may be too late
The New York World, in commenting
upon this subject says the experience of
many years has shown that an average of
about forty millions of imperial bushels of
wheat go lbs. to the busheI. is required
annually to supply the deficiency in Great
Britain. 1t estimates the deficiency this
year at 24,OOO 600 imperial bushels over
the average. 1t further estimates the defici-
ency at 100000 imperial bushels, making
The combined wants of France and the
| British islands amount to about one hun.
dred and fifty millions OF American bushels
to supply the deficiency in the wheat crops
This is without taking into account the
wants of Spain, Belgium, Holland and
other Eoropran nations. To supply this
vast amount II would require nine thousand
cargoes of sixteen thousand bushels each.
| An impossible amount TO get from this
country. The European press generally es-
innate our wheat crop this year as above
the average, whereas it is actually below.
The wheat crops 10 the B lite Provinces,
be 9th great producing country, are also
less than an average, so that notwitbstand-
ing We have surplus of last years crop,
still every bu bel will be wanted to supply
the European demand. Farmers can have
good price in con or good funds il they
will demand it. Our shipping and railroads
will have ample bus ness, and the flow OF
c. in from Europe must continue for long
time With an uninterrupted stream.