Orleans County monitor. [volume] (Barton, Vt.) 1872-1953, 1873-09-01
THE PROSPECTIVE GRAIN TRADE

Perhaps, in view of the large Ameri-
can crop of grain this year. affording an
immense surplus for export, glance at
the condition of crops abroad may be of
interest. A review of this years har-
vest shows that in Germany the produc-
ton will scarcely more than ,,se.=h--'----
demands for consumption, leaving no
margin for expectation. In Hungary,
rust has reduced the wheat crop materi-
ally, but much larger yield than 1872
is expected. In France the weather
and harvesting have been better than
was expected, with the probable result
of diminishing to normal amount the
purchases of foreign supplies, fact
which will exercise an important infu-
ence on prices. Spain and Algeria will
have only moderate yield. Italy shows
unfavorable results, and in Belgium and
Holland fairly good harvests are expect
ed. From Russia, the great grain-grow-
ing country of the world, the accounts
of the wheat crops are good, except of
those on the coasts of the Black Sea and
Azof In the Danubian provinces the
yield is scarcely up to the usual average.
In consequence of these conditions of the
crops we have accounts of an advance in
many markets.
During the past two months, there
has been unusual activity in the United
States in the way of heavy shipments of
grain and bread-stuffs to Europe, and
the shipments would have been heavier
if there had been an adequate supply of
ocean tonnage. Our special dispatches,
this morning, announce that floating car
goes of wheat are steady in price, and
cargoes of corn have an upward tenden-
ey. In view of the strong character of
the English market, it is probable that
shipments of grain will continue, unless
some unforeseen check is given to the
market, which is hardly possible under
the present circumstances, judging from
the prospect of the crops. Respecting
this activity, and whether it will con-
tinue during the season, good authorities
estimate that the present English wheat
market harvest will be better than was
expected or than was deemed possible
three or four months ago. Breadstuffs,
too, are now, and have been for some
time past, cheaper in England than the
average of several preceding years. Re-
specting the probable sources of supply
statistics show remarkable increase in
the supplies obtained from Russia, with
heavy decline in the importations from
the United States, the former being rep
resented by l7,75O,0OO hundred weight,
in 1872, against $4,000 hundred
weights imported by the United State
} during the same period.
, These figures would seem to indicat
that America, excepting California, ha
) reached her maximum of export, the in
} crease of the Western being reduced b,
, the demands of the Eastern States. TIL
new wheat crop of the United States i
, pronounced the largest and best we eve
e had. and the corn crop, although not S
r large as in 1872, will, with the larg
surplus of old in the country, afford
full average for expectation, being a
n least three times as large as the whea
f crop. Respecting the prospective de
e mand for American breadstuffs, it !
y highly probable that it will be lare
s and healthy one, and that shippers wi
e realize remunerative prices.-G Globe.