The morning star and Catholic messenger. [volume] (New Orleans [La.]) 1868-1881, 1877-05-06
yBR EFFECT OF TIE WAR IN THIS
COUNTRY.
IN. Y, Sun. }


IN. Y. SUM-
Though our commercial relations win
tho two beligcrenis are comparatively
INSIGNIFICANT, the clash of arms In the East
cannot bot have an immediate anu consul
cradle bearing upon American commerce.
OF late years Russia, aud Turkey and her
appapag.s, have furnished England aud
the Contiaent-principally Euglnnd-wlth
an average yearly supply of grain: amount
ing in tbs aggregate to ABOUT 40 ooo,ooo
bushels. THIS supply will not only be cut
bly together not less than million and
half of men in the field to feed, will be con-
stantly in the market az buyers of grain
and provisions.
Any grain d, feiency in Europe, arising
from war OF Other causes, must be sub
stautinlly suppli, d from the United States.
Owing To u perfected system OF cheap rail
and water transportation from the grain
growing districts of the West to the AT
lantic eca board, American grain has of
late wears stesdlly crowded Russion cereals
from British market. In the present in
stance no other grain growing country can
successfully compete with US IN supply ing
an extraordinary demand for breadstuffs
for military consumption. This enlarged
export Of grain aud provisions promises
more money to our agricultural classes, in
creased activity to railroad business, and a
probable revival to some other branches of
industry.
The sending abroad of dressed meat and
live stock, which has grown 30 rapidly
during the last Gig hteen months, will be
increased by the Russian Turkish war. AS
vet there is no demand for American fresh
~ beef upon the Continent, but 1t is under
stood that several speculators are now
abroad with the intention of introducing
it and we have heard that the German
ha cad M MI FRI.
gerators for the export of fresh beef, the
same as the English steamers now are.
The expectation Of beef first commenced
in October, 1873, with shipment of 30 :
600 pounds from ths port, which had IN
creased to 262 1876 pour ds valued at
$5l7 762) 10 March last. The consumption
of American beef 10 EBgland has surprise d
the most sangulne Shippers on this side.
Within the last forty eight hours the
largest shipper Of fresh beefin this town has
received u telegram from IL well known and
Responsible Englisl house offering to take all
his shipments at sixpcnce per pound "a
little over twelve ceuts) laid down in Liv-
erpool War and war rumors have in
creased EogianC's needs in this direction.
The expectation of flesh meat from this
country is likely soon to become great
feature of our international trade.
Bot while war will probably increase our
sales of food productP, it will 10 very near
ly the came extent check the consumption
of cottor, petroleum, and other raw
materiale, Tor which Europe looks chiefly to
as. At the same time the existing prOstra
ton of trade abroad must be greatly
augmented by the closing of European
markets, aud large lines of certain descrip-
tions of manufactured goods must be ship
ped to this country and sold for the most
they will bring. American markets will
become outlets for whatever Ia unstable
in the great centres of European trade, and
imported goods will fall in value here, q
decided gain to the great IN asa of the PEG
pie, those who consume tea, coffee, and
cigars, as we'll as to the weather. classes
who drink foreign wines, dress in broad
cloth ard silks, and indulge in expensive
European Injuries. Oar manufacturer
will probably be- shorn of IA portion of their
profits by the great irhuZ Of British
French, ard German goods forced OF "a
IuinouS Erlccs.
Yet, W bite our trading and commercial
interests will he vaIiousIy, aud not Away
benefcal'y affected by war IN Europe, GU
financial Coudluon Will be strengthened
ard improved. Our Government securitie
will be tree from the distrust attaching t.
the great borrowing patrons If Eifope, any
of which ATE likely tn be drawn iuto thu
conflict. 1t is not, from present appear
ancee, probable that the struggle Will lopl
be con fined to Russia and Turkey. Pru
dent European investors will, therefore
naturally ting'e out United States bonds
now prominently and favorably known il
all European money maIkets. "a leas
likely to be q fected by the Contingencies
of the war, and as presenting ever
guarantee of safety. In the main, the wa
will benefit us both commercially an
financially, though probably not tt57hu
astonishing extent.
4.