Nashville union and American. [volume] (Nashville, Tenn.) 1868-1875, 1873-12-06
THE EUROPEAN BREADSTUFFS
SUPPIY.

From the New York Bulletin, Dec. 5.
Though the exports of breadstuffs
from this country are now very extern
sive, there is good reason for antlcl-
pating that they may yet largely IN
crease in volume. Last year the month
of November showed the largest move
ment, the exports being;
Flour, Dds lDO-5-C
Wheat, bus. Observation-Disclosures. TO- JJ
Indian corn showed the largest ex-
port in June, footing up l9,343 bush
els; the November export being only
2.056. $50 bushels. The exports for the
week ending Nov. IS, 1873, were, wheat
730, 1913 bushels, corn 293, 347, and -four
2S,227 barrels.
A French trade journal some time
since gave a general statement of the
crops throughout Europe, in which it
was stated that not only would there
be a greater deficiency than usual in
Great Britain, France, Sweden, etc,
but that in countries where a large sur
plus was looked for, there would be a
decided deficit. Among these countries
Hungary occupied prominent place,
and we now find a confirmation of the
assertion in the following extract from
a German publication, Der Welt9andel:
"The Vienna Grain and Fruit EX-
change has presented a communication
to the Minister of Commerce, in which
the situation of the grain markets. rep
resented as being very serious. For
the immense importations which Eng
land, France, Belgium, Holland, Swift
erland and Austria Hungary will re-
quire we have only America, and Rus
STA and the Danubian principalities,
with small overplus, to draw upon.
The deficit of Austria alone is cOmpu-
ted by the Neue Freje Presse at Is to
II millions of metzes about 100000
bushels. The communication urged
the necessity of having authentic fig
ures on the crops and the removal OF
all impediments to a successful cOmpe-
tition with foreign buyers.
1.-The import tax on grain is also ad-
vised to be temporarily suspended on
the Russian and Wallachian frontiers,
a reduction of freight on Russian and
Galician railways, and that, as a real
scarcity exists, the Government should
now avail itself of its power to reduce
freights for provisions to half the max
imum prices.
France and Spain, and perhaps
Switzerland, are drawing heavily on
Algeria; but the supply from there, it
is clear, will not be sufficient for the
demand. The most noteworthy feature
of the European markets at present,
generally speaking, is an unwiningness
to enter into large transactions,
holders keeping off in expectation Of
higher prices. The difficulty in procur-
ing reliable figures in some European
countries, and the differences which Of
ten exist between the produce of grain
in the ear and when threshed, make it
difficult to arrive at an approximate
calculation with any degreeof certainty.
The reports from the Black Sea and
the Danube Principalities are especially
conflicting; still, the al-important fact
remains that in no country of Europe
has the crop been equal to that of aver
age years.
The available wheat supply of the
country is undoubtedly less than at
this time last year, while the increas-
ing exports can hardly fail to tell the
market. The wheat fleet at San Fran
cisco alone on the 22d ult. comprised
thirty-eight vessels, representing not
less than AZ, 800 tons.