Richland beacon. [volume] (Rayville, La.) 1869-1890, 1873-10-25
Prospects for Breadstuffs.

Prospects for Breadstuifs.
~, The New York Daily Bulletin says
The theory Of the English Economist.
that the worlds supply of wheat ia al.
ways equal to the demand. il likely TO
De fully tes ed during the present year,
Heretofore England has been almost
the only food importing country, and
all supplies have tended to that market.
But while this has been the case. the
resources of the wheat producing coun-
tries have been taxed to their utmost to
supply the demand. Last year Great
Britain required loo, OOO, 900 bushels of
wheat. and the whole world was drained
to supply this deficiency, and all the
available shipping called into requisi-
ton to transport it. The current re-
qu rements of the present year are adj.
united to be very little if any less than
those of last year, while it is said
France will require "an unprecedented
large supply of foreign wheat" also.
ID r deficiency is estimated at from
30 600, 900 to $4,000, 600 bushels. Pro-
baby GO, OO0, 600 would be a fair calcu
lat on as the requirements of that co, IL
try this year" This. the Daily Bulletin
says, "is nearly equal to the ordinary
deficiency of England" 1t is also said
that "other continental deficiencies are
estimated at about 90, OOO, 900, making q
total required European demand this
year of 2lO, 600, 900 bushels, or twice
the requirements of last year." "After
making al reasonable deductions" it is
said, Europe will require at least 200, :
600, 900 bushels of wheat this year.
As to where these enormous supplies
are to come from the Bulletin does not
try to point out, but SAYS ut is very
evident they are not now i'll sight,
and can not be relied on in the present
emergency. Ii sufficient supply is
found it will confirm the theory of the
British Economist THAT the worlds
supply of breadstuffs is always equal to
the demand. But this involves drain
ing of the SURPRISES of the whole world
TO an extent never before attempted, and
which could only be possible at the pre-
sent time" And even then "all the
rolling stock of the railroads in the
world, and all the inland and ocean
tonnage OF the nations, will be required
to move and distribute the prodigious
quantity OF grain" required. So it is
said 4: "H there is too much wheat in
the world this is good time to establish
the fact, and if any people have more
breadstuffs than they require they can
now make money by sending to market. :"
The principal reasons for this enormous
demand for breadstuffs in Europe are
the great deficiency in Great Britain
and France, as above shown, with a
considerable falling of in less import
ant countries: the partial failure and
great deficiency in the rye crop, with
very probable short crop Of Indian
corn, which renders necessary a large
increase in the use of wheat for bread.
There are also reports that 1.-the potato
disease is spreading rapidly" in Eng
land. 1t also appears that during the
past few years there has been large in
crease in the consumption of wheat
bread in Europe. The two principal
reasons given for this increase are the
higher wages paid the laboring classes
in Great Britain, which gives them more
money to buy with, and the general re-
suits of the recent war with Franco in
Germany. The two countries which are
mainly relied on to supply the great de-
ficiepcy above described are Russia and
the United States. It is still too early
to speak with any certainty of the Rus
sian harvest so we can only say now
that some complaints in regard to the
wheat and rye crops in some sections Of
Russia have been seen, but sufficient
has not yet been obtained
to indicate general results. The gene
raj indications now point to an abund-
ant crop of wheat in the United States;
still there are reasons for expecting
that the final results of sales and ship
ment will fall short Of present expecta-
lions. The largest surplus seems TO be
Of spring wheat in the northwest. and
Of winter wheat in California. The
strongest evidence of the large surplus
Of spring wheat is the heavy receipts at
Chicago, Milwaukee and other large
ports. But this may be in no small
part due to the fine weather for threshinR
md marketing the crop, the compare
lively good prices which it brings, and
he urgent need of most farmers in the
newer states for money. A to Califor-
,ia, not only is there large falling off
'eported in the receipts and shipments,
put it appears to be conceded that there |
must be large falling of in the sur
plus, as compared with that of last
rear. In the Atlantic states winter |
wheat is wy moderate crop-less,
here can be little doubt, than an aver
'ge; but this seems to have little influ- |
'nce on the market as yet, owing TO the |
'ery large supply and fine quality of |
'pring wheat.