, 1870-07-02
MONETARY AND COMMERCIAL,
MONETARY.

4AG DAcAAEoa luACAcatb VI LulS P4IL VI LIS
country will be largely affected By tho crops OF
Europe. Tho news We get from those quarters
nov isa1nost entirely through English sources,
and if gatbled at all, may ibe expected to be in
the direction that would have a tendency to re-
duco the price Of brcatstn1fs IN al parts OF the
world, because Englaill Is tho consumer and
universal purchaser. Official reports, However,
are reliable, and the following TWO paragraphs
from the London Times Of Juno Is and 16
show at least, that while there are fair crops in
the eastern pnrts Of Europe, there will be
Ehort crop in Franco and sono other of the
western paris OF Europe. The Times says:
With reference 70 the harvest this year IN Aus
tlla ana uansaIs, ne austrian minister OF Com
e5co Eates IN his 1ep1t that the prospects IN the
EasL o. En.1pS aIe M 1 ~
MIA. and that snould no u1tuwaEI event happen
tho y,ed viii be such as to lead to very large ex
port t1ade: On the other hand, the aecounrs from
sFs fhns f1on Plsnse i'on
:. A. mee,inr Of 1c1cca.es ,rom t,,n tr.r,n an,
soufh GeTnan railTay confanjes 1nterese.i n th.s
tralac between F1ance and Anst1ia-Hppgary, at
Prague, Il has been resolved to TeLace The freight
LOT corn rom @ festh 10 lat1s, sia COLOGNE as has
nj il tlls n,ernationai trac to g gtant % retac
uop III the freight Of cotton sent fro4 Have anI
various other reductions to secure the transport
for their lines"
II must, however, be remembered that Eng
land draws but Hu1ll proportion of tho
brendstutfs which she is obliged to purchase
Of foreign countries from France. In somo
tables published in The TRIBUNE few days
ago, it was shown that, during tho past four
ye1rs, 8 per cent of what she hAd purchased Of
foreign countries came from France. It i8 to
he presumed, therefore, that, from t}e short
crop in France alone, the foreign sources Of
supply upon which England may draw will be
It leaat per cent .Aort of what they were
last year But, last year. there WIS not only
fair crop in England, but there we're large
crops in all other parts Of the world. In
the Northwest and In California it would be q
moderate estimate to assume that, while there
be at least Is per cent short or tic crop OF last
year, and, As we supply England with about 10
per cent Of the breadstutIs which she buys,
this would reduce her foreign sources Of sup
ply nearly 3 per cent more Considering, then,
that Ratsis = q -, and @ North Germany are yet il
Englands foreign sources of supply Will be at
least 1sper cent abort of what they we're last
year. Now, while this insurts g fair price for
the new crop, it does not warrant speculation
for high prices. It must be remembered that
sent much larger ouaut;ty Of wheat to Eng
land out Of last years crop than We did. Tie
Tr,of nf it in nnr case IL that va have nnxr
lust about fire lines as much ,rheri in siore
here as Ne had this late in tho summer Of
either Of the two pnEt years, In the case Of
hrId over from Iasi vear's cro1 vii ~ = ,-r..t
wass toW.1d maI;nr M ,i,s i;f1arane ha+sr"a,
40 crnn ~ Tho 80 ~ fhat ~ S.st 80.
71s via,v ~ tIa caoa ,,It 1,-oI b1 er,s+ ,,!tla
.tllr,ls uor tLears. INIT Il ia tIc corract ona
II = .,nT.a1r r1,n,n,ro1 ,,,st aa",a nT;a.s1,n
tha ,,ron7;ront -a,'road oornnn;,s ~ +h;s
e1. eus itt- vM s"ukaaa1Es ~ tu's
$50, "Hoeo W. ~ 9stees eamoxah Sa4ags
rnnd ,,t;es - ~ IA t4s na erst;tr,;n,, y.
ro.ed ~ tn.n,o-r,,r r,.r" ar-1-n;7ad ~, u W
s;t;o|, ~ Il IN t1a x,,thaTn 3, ~ ~ tha St!t
IF there ia nnr tTpti in lie rrmor II mnst h.
anoarant thaf f1,a onnos,tion ia ~ tbosa Hbo
+{,!;,a h., 1nf1;n, cotefro1 - tl,a rs;1rcads 49,
u,e y no1u.nG soaIo. i. " .as ..t ~
Msans ~ 1ias Mi a1sat t"i6 +. avi. ..na1 " iesus
Ges tn1 tnII " .s.aa5 ~ Os ua s. =. ~ ;, aiu
=, ~ re1s, cI3.,na,e ~ fraia !, t;s 1.rt nf
~ aa..,55- .,5 therefo-a 80 ..,a1. .1.>ae; -
t;n,, tna ;ouS III AIN meteaIae, amy sun oPpos1-
=, 4,nor - 49, - Is1ei;I;r'e 43,ora - 1'o a01e'
- ,I ~ - ~ 5a5l IL e |4 ~ ,1,,.
- =. lus " Ss' e.e6ai upL u.
ny, ~ "onef oo1sauoas ia'uns cue ~ tnat
~! s-,i,;7, f1a.n " NIL an1 NV 1Slase
sero,,,a ~ s,,a -, sa.,,r13ar " 1,1v oa,o
Tba OBSERVATION-DISCLOSURES a-tart ;,o5 ,os+,z1,, r.,
,,,1;tersf tnd manr others in regsrd - ,ba
.,a.s;s,a IarajnnI,a,,ts ~ tns;1av ,,o-o ~
pues'oAe uoIJop .,In s;.;nt,a Hao
ICY Ir" eps'aa.ots
tl,f a. ,i,sr Ia msSa nran,r.t.n,,a
a:an.. +-aIas s~oro asr,n ncaI hat.raa,, !,
,I,n ;,r+ies 1.1tbont rcso,t fn the bsnts md |
~ iia1;-s,v ~ ,,,,eh syr,;n w,e dofar-aa ria
stssEa ~ na,1lc III ora;n anacnIatnra s.aro
~ a. IN as ,.ano;ro1
49, , --a,a1 a. iani- - ons
kEON1ES 1neIe WaB Ill ulu6ua4 1acA Oh Conl-