The Pulaski citizen. [volume] (Pulaski, Tenn.) 1866-current, 1875-07-08
The Market for the Next Crops.

New IOrk bulletin, June y.
As the season has arrived for esti-
mates upon growing crops and their
prospective outlets, it 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, three
is 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 a
great extent, the present season on &C
count of the strikes, it must be remem-
bered that these unemployed men were
largely fed out of the surplus earnings
of former years, which the returns of
the savings banks In manufacturing dis
tricts show have since been freely with
drawn to exc out diminished earnings.
These means of support are so largely
reduced as to have perceptible 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 q measure overcome
by corresponding decline in the cost of
commodities.
Second, as to the natural yearly aug
mentstion of population, we shall prob
ably have little If any to shew in this
country in view of the marked falling
off in foreign immigration and the par
tial turn of the tide the other way. It
is evident, therefore, that as regards
home consumption, we ehall have little
or no increase, aud possibly 3 decrease
unless manufacturing interests mate
rally revive.
But right here arises a most impor-
tant 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, oat and rye to a far greater ex-
tent than ever before, but are also be
ginning to manufacture their own
goods. To such an extent is this true
of these crops that it would not be
surprising if this outlet should be
practic lily closed, and even a surplus
from some of these states raised for
shipment This fact must have very
decided influence upon our markets
should the crops prove to be as abun-
dant as now seems probable. 1t thus
appears that, other things being equal,
we shall have a large surplus to ex-
port from the United States than usual,
and probably more than enough to
overcome the deficit of the Pacific
States, which, as regards wheat, in
California. is estimated at 200, 900 to
300, 600 tons.
Third, as to the prospective export
outlets, 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
labor 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 a continuance of
present fatteriBg crop prospects the
world over, all the Indications would
seem to favor low prices for the year to
come. This does not apply TO one
staple but to all, and it is worthy of
remark that since our war commenced
in 1861, this is about the first time
when this could really be said without
any qualification.