The Indiana State sentinel. [volume] (Indianapolis) 1868-1895, 1874-07-28

LEFT to subsist on but grass, and at last
accounts tho wre. ched inhabitants were
diving i'm large numbers. The governments
il talking over the matter and doing some
thing To meet an emergency, but operations
of that kind in Turkey moves SO lsnguidlT
and corrupt. officials Immediately devour so
large snare that, we are told, few hungry
mouths are really reached. Turkey, there
FORE will have to be led by the surrounding
countries, and this draft upon them must
necessarily influence the more remote
markets 1t may be safely concluded from
this general survey OF the situation, that our
European customers will take all the bread
stuffs we NAV have to dispose of, and at
prices, too, which will the crops of 1874 as
among the most profitable on record. We
take no account of the situation in India
and Persia, for though these vast countries
are still more or less under famine influ-
ences the indications as to the future are
such as to warrant the expectation that the
next harvests will probably place them in
q condition which will terminate the neces-
I sitv of drawing upon the resources OF the
people.
FOREIGN WHEAT MARKET.
Says the Mark Lane Express: The def
cheney i'm the wheat crop of 1873 becomes
more and more apparent as the season draw
to close; and. although at present the
growing crop bids fair for an average. we
must wait until it is ready for the sickle be-
fore we can know the effect which the late
frosts have bad. We only hope that very
little OF our English wheat, If any. was for
ward enough to suffer from the severe trosts
OF MAY and the beginning of June, those
that have occurred since having been COM
para lively harmless. On looking over the
returns Of the Board OF Trade up TO the 3lsi
of NAV, we fad that the imports OF wheat
ana -four had then fallen consider
ably below those of the cor
II
during the first five months of 1873 we i'm
ported of wheat 3346 So quarters, and OF
flour as wheat, S76,4l4 quarters, making
together 1923 O79 quarters. Those tor the
first five months of 1874 amounted in whest
TO 8 SCI. 3Sl quarters. andln Hour TO 2Oo,3SS
quarters, making in all 3.737769 quarters
leaving a deficiency of AS $40 quarters IN
the Eve months. We have very little native
wheat on hand, if we may judge by the sup
plies brought to market rom week to week;
and in point of fact, most of the large mil
lers can only support their business by BUY
irg foreign wheat, the home supply being
totally inadequate for their requirements.
Ia the meantime our exports In the i've
months of 1874 have amounted, in wheat and
-four, to GO, S63 quarters, being nearly double
what they were in the corresponding period
Of 1873, which still further decreases the de-
ficiency. Our stock of foreign wheat is by
no means overwhelming, and we must have
months 10 meet the consumption. We are
likely also to have a demand for both wheat
aud flour, from France, that country being
in much the same condition as England in
respect to the home supply. 1t IS very prob
able that they will prefer purchasing on the
English market rather than on any other, as
they have the opportunity thereby OF
selecting their quality and of taking
just the amount most con venient to their
trade. They have, in fact, purchased on this
market all the season, and as lately as last
week & cargo of flour was taken at Liverpool
on French a. count, and repurchaSed by the
French millers for their own home trade,
the water of their rivers being very short.
Unless, indeed, the importation of the next
two months, both for France and the United
Kingdom, equal the ratio which has already
taken place, there will be an cutlery for
wheat such as we have not seen for many
years. Fortunately for us, not only
America and Russia are growing wheat
expressly for the English market, but every
wheat growing country in the world, not ex
Guiding the antipodean country themselves,
is now prepared to supply US whenever the
price is high enough TO be remunerative. In
the south of France the harvest has cOmr1enc-
ed, and in few weeks il the weather is favor
able, there will be small supply of native
wheat, which, with the interior grain, will
supply the French market with bread corn.
But with regard to foreign wheat, we may
rest assured that the wheat growing conn.
tries will make an effort to bring to market
every grain of wheat TIC now hold and no.
trust to any contingency to advance or keep
IN the present rate Considering the great
deficiency, as shown by the result, the fiuc-
tuations in price have been by no means
large throughout the season. On looking
at tho sliding scale OF prices. we ind that
the lowest price in the scale for 1873 is 54s.
I'd. on April 10, being Is, 81, less than on
the 4.h Of January, When it was Cos. Alter
this it rose gradually until September 20
when il reached 64s. 3D., and then 1t again
declined to Cos on the 1st OF November. The
fluctuations, therefore, during last year
amounted to about los. per quarter.