The Hillsborough recorder., 1877-08-29
THE GRAIN MOVEMENT.

tilizing Company for a pamphlet with the
above title, containing much interesting
and valuable information upon the subject
which will ba Of paramount importance be-
fore long. For, Notwithstanding the pres
ent stagnation 10 tho breadstuff market il
Is not reasonable TO suppose that dulness
can be permanent. Several causes combine
% check movements, speculative or other>
wise, at the present. One, and the FIRST, Is
that the harvest is gathered at the period Of
the year. when. shove all others. the hu-
man family, iby the profusion Of fruits and
vegetables, is made to certain extent in
dependent Of what are merely breadstuffs.
Another reason Is, that while the yield Of
one portion Of the world may be we'll deter
mined, that Of other regions is not yet as
certained and the relations between sup
ply aud demand being yet unbalanced, pri-
ces cannot settle down into any fixed chans
mel and still another is the want of conf.
dencc in the money market by which mo-
ney is held back and cannot be used for
moving crops. The last may be the most
uuyielding obstacle to renewed activity /,
but if it should appear from actual statisti-
cal information that there is actual deicien-
cy in the great Centres Of demand. then con-
fdence is restored to the extent Of supply
ing that deficiency. and money for the time
win come out Of its hidiug places.
The purpose Of this pamphlet is not SO
much to ascertain If there is any. or what
is such. deficiency but to inform US what
are the great sources Of supply. and which
are the points with DEFICIENCIES in their own
production to gil; and we will briefly note
these points. and add % far as We have
learned from other sources what are the re-
suits of The late harvest.
The United Kingdom Of Great Britain is
the point where there is the largest def
cheney to supply. Witba population Of some
thirty two million. and with an sgricultu>
ralsystem Of great perfection. there is every
year dependence upon other countries,
the crop Of wheat being. in 1876. eighty two
millions Of bushels Of wheat. besides oats.
used largely as human food % nearly dou>
BE thatamount while the Imports Of wheat
from other counties. inoluding the United
States. Russia and India Is equal TO the q
mount raised st homo. Besides wheat.
there Is large and growing demand for In
dian corn. France. and Germany. large
producers, are large importers, and the vast
cereal crop Of Europe. four billion, nine
hundred aud ninety four million Of bushels,
is not enough for iss own use, and must be
supplemented by the surplus Of tho United
States and India. That Of the United States
Is about one billion four hundred millions Of
bushels. Of which this year there are three
hundred and City millions Of wheat. Rus
sra up TO the beginning Of the present war
has exported 70 western Europe about fifty
million bushels Of wheat. Western Europe
also requires large importation Of corn,
the larger proportion Of which-about s0.-
900, 900 bushels. comes from the United
States. The Turkish provinces and Rou.
mania exported before The war about twen.
" million bushels Of corn. grain believed
BY us to be slmost the exclusive crop Of the
United States. A
British India. principally since the open
ing Of the sues Canal. has taken rank IS an
exporter Of wkcst he estimate for this
year being about twelve million bushels.
What Interests us At tpreseni is the dispo.
sition Of the surplus Of the present very q.
bundspt crop Of both wheat and corn; and
upon this point there i no data sufficiently
exact. to predicate future. England aud
Frsnoe viii certainly beed supplies from
abroad. The question is whether other
sources Of supply than from the United
States are 80 obstruetsd as 70 give Us com.
parativo command. Ifso. the breadstuffs
here must advance On the approach Of vim
Ger.
Now !. would appear safe 70 say that tbe
supplies from Odessa arc cut Of absolutely
BY the Turkish command of Tie Black Sea.
Roumsnia il controlled 10 the same way, Or
By her surplus being needed for the use Of
The large Russian army on or near ber soil.
India, suffering from dreadful famine
prevailing over great extent Of territory
would seem 70 have but little 70 spare from
her own wants. Australia. another export
iug country promises % have but little %
sl,;n ,h;a s.ar ana n s~efas aisuost eafa On