, 1861-11-19
The French and British Corn Trades
important Ihtel1fgence.

We recently asserted that the English importers |
had allow. d the French to Eupersede them in the |
foreign wheat market to such e1.ent that in New
wheat ard aour, taking f6ur.fiths Of what was on
hsn9, and leaving the remaining onetitth for the
Erglifh buyers The consequence /. that prices at
must Of necessity have ceftain amount this season
we shal have to buy at the advance instead Of the
10y prlee Me esn get It sl: r. stated that under
would hare come to this country, as e only one !
In which the ports were at all times ope1 to re- |
aa IN s9e af a
country the sEme Opportunity Of importing and |
rthonetng a. ourselves; t4at consequently q
up; and that unless our. merchants dis
played more activity than they had. recent
i done, they woaid have TO- purcha'e. ef
q It. Now. Mls 1as iite1az|y taksn piacs. For,
the tho5tqess Of t9s snppy aid the 11ree pqzeaa
hsh, as well IS foreign wheat, have again forced
mp priees In spite Of the effort. Of the miesa to
Glazed largely at the p ports ii tie Baef Sd and
Danube, intended for Mareeilles in the first In
stance, have had their destination changed, and
ize profit Of nom four to five shilinss quarter.
We now AK whether this does not fully bear
out the assertion We made; and whether IT, does
Ta5 Certain list We should want e a. certain
ae it was last year; though possibly not to the
The wheatgrowfng countries to supply ua, In addi-
tion to the Wants Of the French, which, this sea-
SOL are as Essat q as our not greates l.
French are now sending some cargoes Of wheat
hither, that they have imported OF purchased more
The case, We have only to compare: the estimated
deficiency in the French wheat crop with the itn-
| porte. The lowest estimate Of the deficiency Is
eight million quarters, onethird Of the average
| cop, Now the imports Ct wheat and nonr, after
| deducttng the exports, are only about one and
| quarter million quarters in the two p1inci-
prohahly make it up two million quarters, when
al their purchases are realized; but then the in
ports will cease ios time with them, 80 we'll as
with He, except TINT at certain points they can OBJ
| tsin supply ac1oEs the land frontier, from Hun
! gary aEd one or two other countries, which We
ssnnni h9rsysI p,oD3Se ,hat they I'll
| if the winter should be eoeeycre as to stop the
navigation Of the Baltic and Black Sea. Two
things, however, must not be lost sight Of; First
ttat the French must have certain amount Of
wheat OF -four this seaeon; and, secondly, that
their merchants will always export when they can
1eali7e p5%ht whatever nay be the ants Of The
b1t proposftione; but Under the existing circum
stanees, they are q the first to the Eng
! lib merchants. The new system In France place:
them in the esmc position as ourselves, namely, il
enables them to trade in tcheat, Is well as tt
purchase ftr the home consumption. In future
Narseilles, Ha1ve, Bordeaux, and other ports, vii
become grain depot., whensyer, (as just now
there Is certain prospect Of demand. 1u othe
worde, they will fake the trade out Of the hands o
the English merchants, II the latter allow them
AID after the manner III which theJ SLOWED th'
Greeks to Vrest the Black Sea and Levant trad
from them. we art not very eanguin- about thei
beirg able to retain what ia left.
1t may be said that we al8rmiatE; but it i
not go. Ne ssy that By keeping the price dow1
nov, 1t Will certainly be the higher in the spring
and for very good reason. The French n1tIs
hhse large, supply, and while their market i
above oure they can atfe I'd to give higher price
II, therefore. ont merchants desire to purchase
or rather II the mi11erB intend to get
regular suppls. they must allow the prices her
son Is no ordinary one, and rcau1Ees more thu
ordinary ptomptress and activity to Etee
tie trade through the breakers that al
ahead. Stimulated by the Government, th
French merchants act inttanter, with u cectaint
Of success, both becauee they have the of1ci
. support. and because the large requirements
Two countries aIe patent to Every one. It
| dcuhtfnl whether the Thcie range Of foreign ms
i. kets ~tu f1rn1sh wheat enough to supply the d
fciency. In addition to this, the imports mus
to great extent It not altogether, ceaee for sou
moLths. This will not only leave the Englil
buyers at the mercy Of the French, but viii croa
amounts required. even t. they can be ohtatue
At any rate, the competition must be Of an e
trao1dina1y character this eeaton, and such as "
require more energy On the part Of the Eugli
importers than they have displayed Of late yea1