Nashville union and American. [volume] (Nashville, Tenn.) 1868-1875, 1874-07-23
THE FOREIGN HARyESTS.
A Matter of Interest TO Every Ten.
nessee Wheat GrOwer-GOOd Prices
Predicted.
New York Bulletin, July %.

nessee wheat GrOWer-GOod Prices
Predicted.
New York Bulletin, July %.
We are now at a season Of the year
at which these viii be closely watched
by all who are anxious to arrive at
some proximate estimate Of how far
our own surplus of food will be drawn
upon to make up for short crops in
in Europe. The question, it scarcely
need be said, is one upon which prices
largely depend in this and other great
markets, but as yet there is no data at
hand to settle it, without many qualifi-
cations and exceptions. Giving these
due consideration, however, it may be
reasonably concluded that our foreign
relations for the next twelve months
will have no inconsiderable defcien-
cies which will have to be met by drafts
upon the granariesO the United States
and Russia, the two countries upon
which most other nations now chiefly
depend for such supplies as may be
necessary to supplement shortcomings
at home. Throughout Great Britain,
from present indications, average crops
may be looked for. The weather all
along has been favorable, but owing to
the small available stock prices are
generally upheld. In some Of the in
land markets that depend principally
upon home grown supplies, firm tone
prevails, and quotations have risen
during the week ending 4th instant, Is
per quarter on wheat, as well as Is per
sack on -four. The trouble between
the farmers and the agricultural unions,
it was thought at one time, would in
terfere with the ingatherlng Of the har-
vest, but at last accounts that was in a
fair way of adjustment. On the Cont
tinent, the prospect would seem to be
much less assuming. From France the
reports are so conflicting that it is diff
cult to calculate results with certainty,
but we have a general assurance from
the best authorities that the yield in no
event will be better than that of last
year. We published IN yesterdays
Bulletin a very important stat ment,
which viii help to interpret just what
that means. To supply the deficiency
of 1874, grain purchases to an en-
Ormous amount had to be made In the
foreign markets; and it follows, of
course, that if the present estimates of
this years harvests are not out of the
way, France must continue to be a lib
eral purchaser of foreign cereals. In
Spain the civil war, as might be ex-
pected, has seriously interfered with
agricultural operations. Germany pro-
misses well in the Baltic districts, but
southwark prospects are not 50 encou-
raging. From Austria are of a mixed
and uncertain character. In some por-
tions of Hungary, the wheat in certain
districts is a partial failure, while in
others, it IS represented TO be much |
above the average. The same obser-
vations would seem to apply to South
ern Russia. In Turkey, at this mo-
ment, there is a positive famine In
many districts, more especially those Of |
Yosgat and Angora. In many places !
there is nothing left to subsist on but |
grass, andat last accounts the wretched |
were dying in large num-
bers. The government is talking over
the matter and doing something to |
meet an emergency, but operations of |
that kind in Turkey move so
and corrupt officials IN
devour so large a share
that, we are told, few hungry mouths |
are really reached. Turkey, there
fore, will have TO be fed by the sur
countries, and this draft upon |
them must necessarily influence the |
more remote markets. 1t may be |
safely concluded from this general sur
vey of the situation, that our European
customers viii take all the breadstuffs |
we may have to dispose of, and at |
prices. too, which will place 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 influences,
the indications to the future are such |
as to warrant the expectation that the |
next harvests Will probably place them
IN a condition which viii terminate the |
necessity of drawingupon the resources
lf other people.