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


The last number of the Paris Revue des
Dpe1 Mondes has a 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 oi
the article which seem most significant
The commercial class in England appear
to enter on 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
ic8n Union has experienced from the Seces-
sionists. They see that money abounds, and
that it easily suffices for the immense 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 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 II
would be difficult for confidence to be re-es-
tablished OF activity revived in English COM
certain extent. 1t is true that the resem-
blance 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 a very middling harvest
AS for the change from a prohibitive to g
liberal system in customs, we are of those
who do not doubt the successful issue of the
| experiment.
| hTba ownor+ot;a,, &c o,I;o1oo IS Do,;o v,o,,
ufacture has doubled since the Commercial
treaty, and this is all the more significant a!
there had been some reason to apprehenC
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 mistaken
economic sel6shness. 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. Incases of scarcity com
mon in both countries, England has had tt
| purchase abroad at the same time as we die
| enormous quantities of grain. We felt hel
competition in the foreign markets and We
had to pay higher prices.
twill, be fortunate circumstance this
| year if the harvest in France be sufficient
that in England it is not extraordinarily in
sumclenti out II any tDlng, 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. 1t is not, then
impossible, if the scarcity of the harvest does
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 more
productive activity than was supposed some
| months back