Nashville union and American. [volume] (Nashville, Tenn.) 1868-1875, 1873-09-12

Il that there will be serious deficiency 10
the production of bread -stuffs this yezr on
toe Continent of Europe. Several nations
that have been considered self-sustaining,
and some that have usually produced sur
plus, will this year not make enough to
meet home demands. OF this latter class
are Germsny and Hungary,in both of which
the crops are reported unusually short this
year. In Italy also crops are quite aefan-
ure and prices have advanced. The crops
throughout the recionof the Lower Dam
aba are also reported very short, due to the
excessively hot summer. But the most
notable falling OIL is it France. Her i'm
portations of the life-sustsinipg materials
will doubtless hsve to be very large, and
much above the average for former years.
Her deficiencies viii be at leas. 25 per cent,
and instead of raising q surplus
TO export az was expected, she will require
from external sources, according to an au-
thoritasive estimate, the enormous amount
of 50, 10000 bushels Of wheat to supply her
home markets. England will have to i'm
port, according to the mos. reliable calcula-
tiois, 100000 bushels for her home con-
sumption during the years 1S7S-74. This
is something lower than the usual amount
of her wheat imports, tut is owing to TIE
copious supply of potatoes. The total def
ciencies of Europe are thus summed up by
the Bulletin:
Bushels.
Requirements of England....." 1900 900
Requirements of France. .............S g, 600 900
Requirements Of other European coun-
TleS.. ............-......ss... 0o,VVO,oVO
Total. pa, OOO, 900
This grand total much exceeding the
aggregate deficits of pr ;vious years-must
be supplied from external sources. Russia,
the greatest wheat growing Eeountry in the
world, has always been the chief exporting
nstion. Reliable accounts fix her CROP of
this year as average only; grain good, but
small. So it is that those consuming coun-
tries will draw copiously on the surplus Of
the United States, and doubtless affect
prices here considerably. Last year Russia
supplied to England IL million centsls of
wheat, and the United States 50 million
centals. This will give an idea of the ex-
porting capacities Of these two countries.
Tho Bulletin uses this perora;ion:
"The grain trade for 1874 promises
then to be very sctive, With the markets in
favor OF the producers But although the
worlds demands are likely to be so far
above the avrrsge, there seems to be no
reason to apprehend That the supply will
rot e equal to IL. The very knowledge of
the necessities Of France and England and
the other European nations, viii briug ont
every available bushsl of grain in the world
The immense and unprecedented f1ow OF
breadstuffs from a thousand different
sources affords at opSs guarantee for the
future, an incentive 10 lie Inmate business
enterprise, and warning against speeula-
tom"
The same paper says there is now an
imnenss and almost unparalleled activity
In the grain trade of the world. Chicago
and nearly ali the western receiving and
distributing ports are literally overlooking
with grain, ard the supply keep pouring in
from the interior in undiminished quaint
". In Montreal, the exports are beyond
al precedent California is shipping of her
immense exports as fast as the limited sup
ply Of UeSSelS will carry it. That the United
States and Canada will have largely IL
creaseT sales abroad is quite certain.