New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1870-01-21

Total 70 years. .95 o5Slls .s5s,OOs 2666
Here we have above three times more Of our wheat
the second group of than in the frs and
IN the third group than ahalf times less
than in the second Rut even this statement does not
show the great INCONSISTENCY OF the import III the calen
dar year 1902 To 402SlG2 bushels In 1859 10 was
but sO36O7 bushels aud again 1865, it down to
27S4f bushelS-the market increasing In three years
more fold, and falling In three years
fourteenth Of the highest year. How does such in.
corstancy as this suit for the market OF product
that must be provided a year IN advance OF ns
ftei But the demand as To quantity runs wild in this
what OF the price in the English market and It's re-
ISuou 10 quantity tkeuf The quantities ana rates gwen
by the British authority answer this question concu.
syey. In the four years. ls54-56-7 the aggregate i'm
ports Of American wheat aud -four the equivalent
of sl bushels OF wheat The prices ranged thus in
iupcria quarter The value at these several
prices amounted TO GiG032i7 putting the bushe at an
were moderate aud the quantity taken little less IN the
lrt anh4n average, t9ah III tne io1p PeTtns SedIas
Crmean period. which must account for the some
what larger import at the higher rate.
Now compare the four-year period. ls62si in which
The imports IN the aggregate 10 1lOi7l5 bushels
price per bushel down to 81 3d. Thus we fluid that when
The imports averaged s. o. per bushel the average guam
price fen below 81 30, the annual import was 276s369
bushels three times the quantity for four
etriy greater demand occasioned by the Crmean war
tfmiheG the Quantity As 10 the third period Of our
tohular statement. in which the American wheat and
whole foreign supply in quanty-from nfynine TO six
teen million cwtsthe price had not rise" so as TO ac
count prCfgous reduction OF quantity, for 1t
averaged than 81 per bushel during this pc
rod which five cents less than the price which
assuming the cause OF the former lnordinate
consumption. Another cause, more enectual ana more
pcIlouS the American farmers interest in his only
European market, had begun display its force The
and proof OF It's action and Of its threatening con
fuuauCe increasing effect, found IN the following
facts In the 10 years previous TO o6l however mch
Sd abont 10 of bushels per annum in the four
years. 1874. already stated they rose to nearly
155sfeS. they fell notwithstanding the tempting feduc
ton OF price. which always before commanded com
mar fpti I'M
touched previous to that time-to 750OOO bushels
EUROPEAN COMPETITION IN THE ENGLISH PROVISION
MARKET.
The explanation Of this extraordinary turn in the for
tunes Of our wheat in the English market is found in
plain but pregnant sentence Of the message OF President
Grant opening Of the present session OF Congress
He SAYS: The Of railroads in Europe and the
East bringing into competition ,C1 oar r ogric9,ta
which the President draws from this imminent destruc
G2n Of our e rkS in h taass words 1Gf II not
scpreseIrdton Therefore, dictates caution against disturb
tuG any industrial interest Of the country IL teaches W
also, he necessity Of ooLug TO OTHER MARKETS FOR IHE
We have seen where the competition which he men
tons lies II is IN the SO cent OF the total supply
Years IG5 66 67 'es as shown IN our table The
oounries"-those mentioned or intended-are Russia,
ana Egypt. The principal wheatgrOwng regions OF
these countries have now fairy entered upon sneh n
proved communications with Great Britain as Wen ac
counts for decline Of market for breadsuhs and
provisions there and for the apprehension expressed
be message that we must look about for better and
customers else where Wherel The President names
'OHr neighbors south Of ne United states aud China and
japan" What hope there is these quarters is indi.
called plainly by the fact that OF our wheat and wheat
four exported in the fiscal lS67-GS amounting IN
values PI prices 70 oS 10 ts value h
Il S2gs 900, while those other countries to which the
President refers took and consumed the balance SCI
cont 10 the countries south of and CHINA and Japan
a. per But these figures do not represent the usual
,rortiOn of farmers Interests IN the markets OF
Europe For instance OF all our agricultural exports IN
fiscal year 1880 tobacco aud cotton e2ceOe the
vain in
total the manufacturing countries OF Europe tooK bSs
tlan slJO0OOOO only 374 per cent, Whle the other
countries" gave Us market Tor ca per cent ana con-
eunied what they took.
There is not aIother subject within the whole OF
commercial statistics to winch the measure OF averages
eppeS delusiNey as to our foreign trade ia arn pro
ducts. An honest aud clear View Oh ne ceupelS S1
slant details and 10 the circumstances whlch
IIle their extravasant fluctuations Inc pTeSageudE
Of statistics, by deXcrOus use OF averages ana per
Ceniages make the records Oh our foreign rade
s,ify me i'm involving the data employed with their
Necessary explanations In the matter Just now c0hsld
ered the comparative amount and the economic naue OF
our trade with manufacturing and With nou-manufactur
lug nations respectively, are properly thus explained
quantity our wheat al 81 rs per bushel III Engand
IA 1863 when the much larger per centage OF our pro
ducts taken IN Europe. the price was down 10 VI 80
laing 10 the western farmer about u % IN the year Oh
Quantity was taken The rule being that, when
suythng like reuueraye Europe buys but little OF our
farm pfoducts-say ueceghths of the total exports;
the ruinous TO the cultSator they rise to
something approaching three fiths . 800, -,
The condition OF the English market lor several months
IdsI, and it's prospects III me imngdiate future,
bro a decisive ana severe continuation OF thls
rule Since the last Of September 1869, our wheat
las fallen IN London and Liverpool 70 cents III
cold, per bushel. Red Winter - reported on
Inc 10th OF January $780, at 81 2 Red western at " To-
During the time OF this ruinous decline OF price the I'M
I0ts lave been immense The Geographic reports read
linus "3Oth December, receipts OF American wheat htl
very large a great accumulation OF wheat bOth mere
C.OndoD and at Liverpool "a more cargOes OF wheat
fnoat bound for England than at the corIeshonaing
ucrOd last year" 3lst December, received at Liver
pool wheat in last three days. 100000 bushels all
american" january 10 receipts AT Llverpooi iOr
fiys 100000 bushels, OF which 2l6OOO from AmeTlca'
Iiw strongly the history OF our trade supports the
presideuts warning, and how absolutely worthless ana
Hopeless the OF Europe are IN COMPARISON WIN
the other countries he Names hecu not ht ~
ANY intelligent student OF the facts ~ Sec
HOME MARKET.
But there sim another market to be provided and Sc
red by means plainly indicated In the Presidents alu-
con 10 the manufacturing interests Of the country. and
Inch he cautions US against disturbing. This Is the
Tome market the best Of all markets; the great market
Lie Gen Jackson names In his letter Ia Mr. Coleman
Acre lie save: Take from agriculture In the United
aes cocoon men, women and children, ana you VIII NJ
Ice give home market for mere breadstulls thah an
ItOpe furnishes u.s. In lb2 when tbls leIief wac
touhry expressed by Cen Jackson III slflklnS mar
tnuny with Gei Grants appreheusons OF the Ike perm
low. Jackson says; Except FOR cotton INC Aner
Ian farmer has 10 market, either ~ home OF
abroad" Cen Grant sees Just as clearly tDat We are
,sug that particular foreign market which we nave been
ccIstvufd 10 regard with hope. aud 10 bend all our poi
~ 10 secure The difference OF conditions consists III
Iis. that IS years ago nothing was dOne by COlgits
IOnal legislation 10 promote that KIND OF domestic mus
NV which withdraw the Injurious surplus OF labor anu
capital agriculture, and at the same tlne invites th
3,,IoigratiOn which alone build up home Market
Statesman at the beiin OF halondl aniiS
Las only TO caution US against d"imouO tnVse inGus
Irlai interests OF the country -leahIhg ouI
tires.' which are increasing with wonderful rahdty
tine llcA they LOW receive Rhd