The Iowa transcript. (Toledo, Tama County, Iowa) 1858-1866, 1861-12-12

Immense sales Of BreadstuMs.

Immense Sales Of BreadstuMs.
The prosperity Of the whole count, y,
not Of farmers alone, but Of all classes,
is just now ? directly connected with
the fioHT ngrain markets that their
coz matter Of the highest in.
teri D al. = Money is the strong arm
Of the government. Without this it
would Impossible to provide munitions
of war, and to pay, clothe, and feed the
vast armies now needed to re-establish
our country OH its formerlbasis. Money
the Government has in abundance. In
stead Of sending abroad forty to sixty
million dollars Of specie, as in previous
years, we are not sonly keeping what
we have, but receiving immense sums
from other countries in return for the
surplus breadstuffs which Providence
has given to us just at the time when
all Europe is deficient The Banks Of
this and other cities are so surfcited
with solid coin, that they, from time
to time, loan to the government fifty
millions in a lump, and more readily
than five millions could usually be fur
nished.
The conlition Of our own and foreign
grain markets was discussed pretty
fully last month. Suffice it to say here
that our latest reports from Europe
fully confirm all that we have previously
stated. France has been wide awake
to the crisis, and the most pressing i'm
mediate wants Of that country have
been provided for, but the demand will
continue large, up to the next years
wheat harvest, at least. In England
there was almost panic at latest ad
vises. The Mark-Lane Express sof the
2sth ult., says. "The season is no or
dinary one, and requires more than or
binary promptness and activity 10 steer
the (breadstuff) trade through the
breakers that are ahead. Stimulated
by Government, the French merchants
act instanter, with certainty Of sue
cess. but because they have official
support, and because the large re-
quirements Of the two countries are
patent to every one. It is doubtful
whether the whole range Of foreign
markets will furnish wheat enough to
supply the deiciency."-We have con
firmartory reports from other sources,
both in England and on the Continent.
England and France will not be easily
led into war with us for cotton, when
a war would shut out our breadstuffs.
The marked review prepared for this
months American Agriculturist (page
376,) gives in very condensed from,
some exceedingly interesting tables,
showing at glance the trade in bread
stuAfs, both in New.York markets, and
in sevral important:interior towns. We
nadly need repeat them here. 1t will
be seen that during the past q business
days the sale in this market alone,
mainly for export, have reached the
enormous figures Of 795. 900 barrels Of
Flour; s.99s,ooo bushels of wheat !;
and 4,52l 900 bushels of Corn. The
flour and wheat sales equalled 1886,
900 bushels of wheat, or an average Of
nearly half a million bushels every day
for month past. The known sales Of
-four, wheat, and corn, for only q days
past, foot up II, ,4o4, 900 bushels-scven-
teen and a half million or an average
Of GAS, 900 bushels daily. And nearly
all OF this has gone abroad. The ex-
ports from this City alone, from January
lst to Nov. l3, have been p 364 ,4O3
bushels Of wheat; 2,4s4,o79 barrels Of
flour equivalent to 12,42O,s95 bushels
Of corn. Total Is, ,l92, ,O9s bushels. The
amount will be swelled to considerable
over go, 600, 900 bushels before the close
of the year. Philadelphia has also ex-
ported this year an equivalent of 8, ,793,-
l73 bushels OF wheat and corn, viz.
flour 32o,51o bbls; wheat 1,443,56S
bushels corn 703, ,O45 bushels.
The effect upon the fal ming and other
interests Of this country, Of these large
shipments, and Of the continued large
foreign demand, which must last for
seven months at least, can readily be
conceived. We shall, in future numbers,
present further interesting in conncc-
ton with the grain trade Of the country.
The speedy closing Of the canals will,
during winter, materially affect the
markets of this city at least and doubt
lessthose of the whole country.-Ameri-
can AgricltMrist.
i