The herald and mail. [volume] (Columbia, Tenn.) 1873-188?, 1877-05-25
The Effect of the War in this Country.

|
1'hough our commercial relations with
the two belligerents are comparatively
Insignificant, the clash of arms IN the
east can not but have an immediate and
considerable bearing upon American COM
merce. OF late years Russia, and Turkey
and her appanages, have furnished Eng
land and the continent-principal
England---with average yearly supply of
grain, amounting in the aggregate to
about 45,000,000 bushels. This supply
will not only be cut of, but the two
belligerents, with probably together not
less than million and half of men in
the field to feed, will be constantly in
the market as buyers of grain and pro-
visions.
Any grain deficiency in Europe, aris-
| ing from war or other causes, must be
substantially supplied by the United
States. Owing to perfected system of
| cheap rail and water transportation from
the grain-growiDg districts of the west
to the Atlantic sea board, American
grain has of late years steadily crowded
Russian cereals from British markets.
In the present instance no other grain
growing country can successfully COM
pete with us in supplying an extraordi-
consumption. This enlarged export of
grain and provisions promises more
money to cur agricultural classes, in
creased activity to railroad business, and
probably revival to some other branches
of industry.
The sending abroad of dressed meat
and live stock, which has grown 50 rapidly
during the last eighteen months, will be
increased by the Russian Turkish war.
AS yet there is no demand for American
fresh beef upon the continent, but it is
understood that several spectators are
now abroad with the intention of intro
ducing it; and we have heard that the
German steamers will soon be fitted up
with refrigerators for the export of fresh
beef, the same as the English steamers
now are. The expectation of beef first
commenced in October 1875, with a ship
ment of $4,000 pounds from this port,
which had increased to 1862, 1855 pounds
valued at $517 1922 in March last. The
consumption OF American beef in Eng
land has surprised the most sanguine
shippers on this side. Within the last
4S hours the largest shipper of fresh beef
in this town has receiveda telegram from
a we'll known and responsible English
house, offering to take all his shipments
at sixpence per pound "a little over II
cents) laid down in Liverpool. War and
war rumOrs have increased England's |
needs in this direction. The expectation |
of fresh meat from this country is likely |
soon to become great feature of our in
trade.
But while war will probably increase
our sales of food products, it will to very
nearly the same extent check the con.
of cotton, petroleum, and other
raw materials, for which Europe looks
chiefly to us. At the same time the exist
ing prostration of trade abroad must be
greatly augmented by the closing of
European markets, and large lines of GER
tain descriptions of manufactured goods
must be shipped to this country and sold
for the most they will bring. American
markets will become outlets for whatever
IS unstable in the great centers of
European trade, and imported goods will
all in value here, decided gain to
he great mass OF the people, those who
consume tea, coffee and cigars, as well as
o the wealthier classes who drink foreign
vines, dress in brOad-cloth and silks, and
indulge in expensive European luxuries.
OUR manufacturers will probably be
horn of portion of their profits by the
,reat influx of British, French and
German goods forced off at ruinous
'rices.
Yet, while our trading and CONNER
ial interests will be variously, and not
lways benefcially, affected by war in
europe, our financial condition will be !
and improved. Our Gov &
rnment securities will be free from the |
istrust attaching to the great borrowing l
ations of Europe, any of which are likely '
0 be drawn into the conflict. 1t is not, 3
rom present appearances, probable that !
be struggle viii long be confined to
sussia and Turkey. Prudent European /
INVESTORS will, therefore, naturally single a
ut United States bonds, non prominent Q
Y and favorably known in all European q
loney markets, as least likely to be I
fected by the contingencies of the war, a
nd as presenting every guarantee of r
lfety. In the main, the war will benefit
s both commercially and financially, /
lough probably not 10 any astOnish- b
lg extent..---Nelo York Sun. a