Nashville union and American. [volume] (Nashville, Tenn.) 1868-1875, 1875-06-25
THE MARKET FOR THE NEXT
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~ York Bunetin, June p.

AS the season has arrived for esti-
mates upon growing crops and their
prospective outlets, 1t Is Of some I'M
portance to ascertain what, if any,
changes have occurred in these outlets
to diminish or increase the demand.
First, as to home consumption, there
lie some probability that the amount Of
food consumed per capita Of our popu-
lation will be less than last year In con-
sequence of the arrangement of our
leading industries, by which so large a
portion of the laboring classes have
been deprived of employment. For,
although the same has been true to
great extent, the present season
on account of the strikes, it must be
remembered that these unemployed
men were largely fed out Of the surplus
earnings Of former years, which there
turns of the savings banks IN manufac
turing districts show have since been
freely withdrawn to exc out diminished
earnings. These means Of support are
50 largely reduced as to have apercept-
ible effect already upon 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 a corresponding
decline in the cost Of commodities.
Second, as to the natural yearly aug
mentatiOn OF population, we shall prob
ably have little if any to show In this
country in view Of the marked falling
off in foreign immigration and the par
tial turn Of the tide the other way. 1t
is evident, therefore, that as regards
home consumption, we shall have little
or no increase, and possibly a decrease
unless manufacturing interests materi-
ally revive.
But right here arises a most I'M
pOrtant point as affecting the growing
crops of all kinds. The Southern
States, which have hitherto derived the
bulk of their supplies Of food from the
Northwest, and manufactures from the
East, are raising not only their wheat,
corn, oats and rye TO a far greater ex-
tent than ever before, but are also be-
ginning to manufacture theirOwn goods.
To such an extent Is this true Of these
clops that it would not be surprising
if this outlet should be practically
closed, and even a surplus from some
of these States raised for shipment.
This fact must have a very decided IN
iuence upon our markets should the
crops prove to be as abundant as now
seems probable 1t thus appears that,
other things being equal, We shall have
a larger surplus to export from the
United States than usual, and probably
more than enough to overcome the de-
felt Of the Pacific States, which, as re-
CARDS wheat, in California, is estimated
at 100000 to 100000 tons.
Third, as to the prospective export
outlet, there are the same general and
unusually favorable crop reports from
Europe, France alone having suffered
slightly from drouth. 1t must also be
borne in mind that the world Is at
peace, and hence the withdrawal OF Ia
Dor from production Of all kinds, and
especially from agricultural pursuits, Is
at the minimum figure. This fact must
have an important effect on the acreage
of Europe, and With continuance Of
present fattering crop prospects tine
world over, all the indications would
seem to favor low prices for the year to
come. This does not apply to one sta
pie but to all, and 1t is worthy of re-
mark that since our war commenced IN
1861, this is about the first time when
this could really be said without any
qualification.