The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1873-10-03
xrasaecfs for E,rendstp fia.

ciaD says that the theory o. Inc. hhyHSa
Econmat&, that the worlds supply OF Wheat
is always equal to tn" demand Is lEciy 10 oe
fully tested during the present year. Here
toforc England has been almost me ON!
tood-np nor,;n@ country. ana alt SuiIlc>
have teutitslto that market. But ~hl'c ''i,s
has been the case the resources o! ia" wheat
nrod,Eipg countries have been taxed 10 ihe'l
Utmost TO supply the demand. LAST car
Great Rli.ain. required lto,0oo.no BUSHES
of wheat. and the whole world was Hra'',eo
70 supply this deficiency, and al the aN''''"'
BILE shipping called into rtGnl>!iloh 10 'laNS-
mort il. The current requirements OF lhe
Drcscpt wear are admitted 10 hc very nl'c IL
a,v less than those e laSt year. WniiS IL i
said France SilircQuirc ian unprecedented
LARGE supry ol foreign WhCai also. her
..dcticcncy i estimated at from 'o,oHt,ooo
to 50, NOO. 600 husha|s Probably 6U,0ou00o
would he Il fair calculation as the require"
mcnis OF that country this year." This, Ahc
D0il7j Buiictin S9ySS"is nearly cquhl 10 tbc
ordinary deficiency of England. IL j. also
said that other continental deficiencies axe
estimated at aboutSQ 000. 900. maxim" t"t:s',
required European demand this year 81
2lO.0o0,t0O bushels. or twice the require
m,nts OF last year. AFTER making AL r'sI-
souah,c dcduciIonS.7' il is sud. - Europe
will REQUIRE at least 2IQ, 100000 bushels OF
wheat his wear" AZ 10 where these cn2r-
nous supplies are TO conc from. the G"HeiW
docs no, try TO point out, BAT says: "lt Is
very evident they are nQ' nov IN >i"h',
and canrot lie relied or in the present
emergency" Ii u sufficient supply Is :otnd
il will confirm the theory oi the BifHh
Er0,,o7nt>. "tlla, t!r worlf>SuppIy ct bread
stuiis is equal 10 Tie demand. Bu1 thlS H.
wolves Il draining OF the SuIJ'iiScS OF the
whole world to IN extent meyer before at
t,mpicd. and which could only be possible
at the present time Aud even then "all
the rolling stock OF all the r;Glyoads in the
WurA and all the inland and oI.2n tonnage
Of the nations will be required to.mo'c ana
distribute The rrodigiuus quantity OF grain
required. So il is said III there is too
ml,rh ~, heat in The world, this is = .gsod. time
to establish the fact, and if any pcor.e have
more Lrad>iul> than they .reqllit" tb2y can
now make money by sending to nisll't.>
The principal rcasou> for this enormous
demand I0c bicad>tun> in Europe aEc TIC
great deficiency in Great Britain ana France.
as above shown. with considerable laltHG
OIL in less iMpnltant countries; the i@flai
failure and great deficiency in fhc rye crop
with very probable short crop Of lndiaR
corn, which renders necessary large in
crease in The use Of wheat tor br. ad. There
are also reports that "thc potato disease is
spreading rapidly in England. 1t also APP
pears that during tie past few years there
has been large increase in the consumption
of wheat bread in Europe. The two princ-
pal reasons given for this increase are the
higher wages paid the lahorlng classes in
Great Britain, which gives ilepl more money
to buy with, and the general results OF the
recent war with France in Germany.
The two countries which ale mainly relied
on to supply the great deficiency above de-
scrihcd are Russia and the United States. 1t
is still too early to speak with any certainty of
the Russian harvest; so we can only say
now that some complaints in regard 10 the
wheat and rye crops III some sections OF Rus
sia have been seen. hut sufficient information
has not yet been obtained 10 indicate general
results.
The general indications now point to al
abundant crop OF wheat In the United States.
still there are reasons for expecting that the
final results Of sales and shipments VIII fail
short of present expectation. 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 lake ports.
But this may he in no small part due to the
fine weather for thrcshing and markctln"
the crop, the comparatively good prices
which II brings and the urgent need OF most
farmers in the newer States for money. ~
to California, not only is there large falling
of reported in Tie receipts and shipments,
but il appear 10 he conceded hat there must
he Il largc lal!in" OF in the surplus as com
pulcd with that Of last year. III tie Al
lantc States winter wheat is very mode
rate crop-lcSS, there can BE- little doubt,
than AN cycra@c--but this seems to have
little Influence on the market rs Yet. owing
to The very large supply and fine quality Of
spring wheat.
ISpiAS CoRN.--Ihe general anticipation
Of 4 short crop Of corn appears llkcl! To bc
more than realized: for not only has very
severe drought cut short the crop in many
sections West, but hard frost Oh the hi cht
of the 18th ullimo must have severely III
iured q large amount of late corn. AccorC-
in" 10 all accounts, IL very large breadth Of
corn was planted III June. and not Il little |
during the latter part OF the month. a
large part Of this corn must be injured more
or less where the frost prevailed. SO far as
heard from, the frost was most severe and
did the most damage in Illinois and Wiscon- |
sin. With very short crop of corn, though |
there is doubtless a good deal of old corn 1T |
the West, it may be question whether we
shall have much more than Il usual average |
supply of breadstuilS to spare for export.
This being the case, and it being difficult TO |
tell where sufficient supplies to meet the |
European demand can be obtained, there |
seems to be good reasons for expecting the |
large advance in prices recently referred to |
by the Mark Lane Expressly, in Cuh;-
Gator. |