Cincinnati daily press. [volume] (Cincinnati [Ohio]) 1860-1862, 1861-09-08
The French Market for American Bread
atu0a


The last number of the Paris Revue des
Duer Mondes has political article which
contains some interesting observations upon
the workings Of the new French commercial
treaty, more especially in its relations to the
trade in cereals carried on between France
and America. We extract the portions Of
the article which seem most significant:
The commercial class in England appear
to enter on q period of calm. They believe
peace secured-at least until next spring.
They are less disquieted about the supply OF
cotton since the rude check which the Amer
ican Union has experienced from the Seces-
sionists. They see that money abounds, and
that it easily sufices for the immeRse demand
caused by the loans of divers States. Final.
ly, they see that England, which, from an
apprehension of American perturbations,
and in consequence of the deficient harvest
last year, had made enormous purchases and
had formed large reserves of grain, will this
year have a satisfactory harvest.
These various circumstances taken to-
gether appear to be for our neighbors a
turning point in an active campaign in busi-
ness: Is it likely to be the same for us2 1t
would be difficult for confidence to be re-es-
tablished or activity revived in English com.
merce without France feeling the same to a
blauce is not complete in the economical
situation of the two countries. France is
passing through the experiment of the Com
mercial Treaty, and it is announced that this
| year we shall have very middling harvest.
AS for the change from q prohibitive to a
| liberal system in customs, we are of those
who do not doubt the successful issue of the
| experiment.
hThe expectation of articles of Paris man
| Y1fo hos 10 ara 10
treaty, and this is all the more significant al
there had been some reason to apprehend
that this branch would suffer, the political
crisis in the United States having closed one
| of its principal markets. AS for the harvest
we are of opinion that it must not be Judged
| of this year according to our old mistake en-
economic selfishness. There is, in the first
| place, one favorable Circumstance, which
| must be taken into account Generally, bad
| harvests in France coincide with worse har.
vests in England In cases ofa scarcity com.
mon in both countries, England has had tc
purchase abroad at the same time as we die
enormous quantities of grain. We felt hal
competitor in the foreign markets and WI
had to pay higher prices.
1t will, be fortunate circumstance this
year if the harvest in France be sufficient
that in England it is not extraordinarily in
sufficient but, if any thing, favorable. We
shall not have to fear either an excessive rise
in the price of grain in consequence of for.
eign com petition in the markets where we
supply ourselves, nor too great scarcity Of
money accompanied by commercial crisis
Trade in corn will be very active. Our ex
traordinary importations ofgrain will excite
the production and expectation of our mer.
chandise. Our railroads, which will dis
tribute to various points the imported grain
will have an active traffic. l. is not, then
impossible, if the scarcity of the harvest doe
not, as we hope, assume grave proportions
that the close of this year should be marked
in France, as it will be in England, by NOR,
productive activity than was supposed som,
months back.