The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1875-06-27
The Market for the Next Crops.
IN, Y. Bulletin, 92d inst


As the season has arrived for estimates upon
the rowing crops and their prospective outlets,
it is of some importance to ascertain what, any,
changes have occurred in these outlets to di-
miuish or increase the demand.
First, as to home consumption, there ID some
probability that the amount OF food consumed
per capita of our population will be less than
last year. in consequence OF the arrangement OF
our leading industries, by which SO large por-
ton OF the lsboring classes have been deprived OF
employment For, although the same has been
true to q great extent the present season
on account of the strikes, it must be remem-
bered that these unemployed men were largely
fed out Of the surplus earnings OF the former
years, which the returns OF the savings banks in
manufacturing districts show have since been
freely withdrawn to exc out diminished earnings.
These means Of support are so largely reduced
AZ TO have q perceptible effect already on the
labor market, as seen by the collapse OF strikes
all over the country, necessity alone compelling
the surrender. Lower wages means less ability
to purchase, though this, doubtless, will be In
measure overcome by corresponding decline in
the cost Of commodities.
Second, as to the natural yearly augmentation
OF population, We shall probably have little, if
any. to show in this country in view OF the
marked falling off in foreign immigra' ion and
the partial turn Of the tide the other way. 1t is
evident, therefore, that as regards home con-
sumption, we shall have little or no increase, and
possibly decrease, unless man ufacturlDg inter
ests materially revive. ~
But right here arises most important point
~ affecting the growing crops OF all KINDS Inc
southern states, which have hitherto derived the
bulk Of their supplies Of food from the North
west, ana manufactures from the East, are rals-
ing not only their wheat, corn, oats and rye to
far greater extent than ever before, but are also
beginning to manufacture their own goods.
10 such an extent is this true OF these crops
that it would not be surprising il this outlet
should be practically closed, and even surplus
from some Of these States raised for shipment
This fact must have q very decided influence
upon our markets should the crops prove to be
a. abundant o. now seems probable. 1t thus
appears that, other things being equal, we shall
have larger surplus TO export from the United
States than usual, and probably more than
enough to overcome the deficit Of the Pacific
Stats, whic5, as regards wheat in California, is
estimated st 200, 900 to 5000 tons.
Third, as to. the prospective export outlet,
able crop reports from Europe, France alone
having suffered slightly from drouth. It must
also be borne in mind that the world is at peace
and hence the withdrawal of labor from produc
ton of all kinds, and especially from agriculture
pursuits, IL ut the minimum figure This fact
must have an important effect on the acreage O.
Europe, and with continuance OF present fiat
tering crop prospects the world over all the in
dicstions would seem to favor low prices for tn,
wear to come. This does not apply to one stapl,
but to all. and it is worthy of remark that sine.
Our war commenced in 1861 this is about the frs
time when this could really be said without an
0us1ific cation.