Nashville union and American. [volume] (Nashville, Tenn.) 1868-1875, 1870-02-10
Breaastufss in ENGLAND.

The Mark Lane Express of the 18th uIt,
contains the following paragraph in cor
roboration Of the statistics and deductions
IN reference to the future price Of wheat:
Two million quarters of foreign wheat in
granary, representing 81, 500, 600, is some
thing formidable to a country not used to
free exports. but, soberly considered, this
amounts to nothingmore than one months
consumption. Our last crop being
estimated at 100000 quarters Of
wheat, if we add 1000 900 quarters
for old of the good crop of 1868, and
another million for foreign stock, then we
begin the cereal year with 100000 qrs.
Our consumption being estimated at 24,-
600, 900 qrs, there were IL, 000,0O0 qrs to
provide. OF this needful supply our re-
ceipts, from the LIST of September to the
31st of December, were 1900, 600 qrs,
leaving still void Of 6, 500, 900 qrs to fill
up between the LIST Of January and the 31st
of August, the remaining eight months.
Therefore, notwithstanding our heavy
stocks, we can take monthly receipts up to
then amounting to $4,000 qrs or, if i'm
ports should reach to ZOO, 900 qrs month
ly, we should find ourselves in stock at
the end Of the term about !, 800, 600 qrs.
Reviewing the above statement the New
York Produce Exchange contains the fol-
lowing paragraphs:
The wheat crop of the United States was
in 1860, 173, 1O4, 1924 bushels; 1867, 212,-
AL, 400 bushels; 1868, 224, O33, 100 bush
els. Of the crop of 1869 the Commissioner
Of Agriculture, in his September govern
ment report, says:
The wheat crop, as a whole, is large.
| The only States showing a decrease are
| Illinois, Michigan, Iowa and California.
| Some Of it is of inferior quality, and a small
| portion has been injured by rains after
harvest, but considerable portion of the
Western wheat is of good quality, and that
| of the South is decidedly superior The
| consumption of the country for the cereal
year, estimating the population at 10000
900, and II bushels per capita, would be
$50, 200, 900 bushels, leaving more than an
average surplus. Since the LIST of Sep
TENDER, 1869, we have exported to Eu-
rope 10, 484, 517 bushels, including -four
| from ocean ports, besides about 5000, 900
| bushels from lake ports to Canada, and
enough Of wheat and -four from San Fran
cisco, and -four from Atlantic ports to
| other countries than Europe, to swell the
total to nearly &c, 900, 900 bushels.
OF the imports OF u, ASS, 400 cwts Of
wheat into Great Britain, from Sept to
Nov. 80, inclusive-three MONTHS, 73S,
632 were from America, 2,544, S54 cwts
from Russia, and 3,175, OO4 cwts from all
other countries. Of the imports Of 1868
100 cwts flour, during the same period,
| $40, $50 cwts were from America and 8l4,
| 700 cwts from all other countries. It is
evident that there is, with the surplus in
America and the probable surplus in Rus
STA, an abundant supply to meet all the
wants of Great Britain at price; but the
| question remains to be determined whether,
with deficiency in the wheat crop II
Prussia, Spain, Portugal, Egypt. France and
Hungary, there will not be, before the close
of the cereal year, sufficient competition
in the grain markets of those countries
having a surplus to improve prices.