, 1879-08-02
Grain TO be High This Season.

In a public speech some months ago
the Earl of Derby conceded that III view
of the unlimited facihoes possessed by
this country for producing all cereals
cheaply, and of the irnpossibility OF re-es-
tablishing the old-time corn laws for the
protection of domestic agriculture, the
time Was close at hand when the British
farmer should abandon grain growing and
seek his profit in meat production. leay-
inr the supply of breadStUtfS to the boun-
tiful harvests Of this country. Despite
the late reductions OF rent, pretty gen
eral throughout the country, hundreds OF
good farms have this year aud last been
thrown upon the hands of the landlords,
because farmers feared they would be un-
able to make both ends meet If they
rented them. Such abandoned farms are,
IN nearly all cases, turned into meadow or
pasture lands, SO that the area uader Ger
cals III Great BritaiU ar rapidly d!mn-
isLing every .ear, "iiIle the population Is
increasing at the rate OF 1000 day. Al
ready Mark Lane and other English grain
markets have ceased 10 be affected by
changes In the weather benehclally or IN
j1riously affecting domestic crops Last
week the telegralns reported that the
wealth throughout the British Isles MAS
very uniayorable 10 the crops, and that at
IA critical season but they also reported
that ia view of tie slight dependence late
" placed on the home supply. and the
bright crop prospects announced from this
side Of the Atlantic, the gram and mar
kets had remained unaffected by the un-
seasonabie weather.
Last Saturday the French ministry an
nounced that iii view OF the scaut harvest
this season throughout the greater part OF
tie country. France would have this year
10 import SlG0, 900, 0G0 worth OF foreign
grain. As u rule, that country Is an ex-
port,r oi cereals 10 Il considerable extent,
s., t!sat this year, not only viii those
countries which have a surplus OF cereals
have 10 supply nearly $l00.oGh, 900 worth
of rrain tG the French market, but they
viii also have to furnish TO ether coun-
tgies, chiefly TO Great Britain, the qu@n-
tItv hitherto drawn from France
The latest adriceS from Southern Rus
sia, our chief competitorln the grain mar
kst If Tie world, are highly Unfavorab!c.
Wind and ram storms have greatly ln-
Jared the crops IN the territory tributary
to Odessa, while swariGs upon swarms OF
locusts have rayaged many parts Of the
country. From Germany. late crop Te-
ports age good bat it is hardly probable
that there will. b. mach Of a Surplus if
a,.v, except ,oaa,c3, IS: cypor'ation.
There is considerable agitation III SPAN
for the repeal If duties or impartat!ons Of
Cereals, but IN view Of the far outlook fcN
the domestic harvest the ministry this
year have lei; themselves strong enough
to co.cede ~ Il isht Gimiaution Of the
tax on inl. Of aoCr Italy IS pretty
sure t. t., one of oar customers, or =! any
,at, - vii Mt be able 10 spare any GER
ea!s t. ey.ap ;v w.,h oais III ether aar-
kess.
Gn l4e #Aoi,, the gram crops IN Europe
tbs year are very considerably bei"w the
av,r,t:e, and ,hy de.;cieucy Is precisely Ill
those countries N v!.ich 1t v..!i d. ~ ,i!o
l.. 5, .u..i. I:rla1 B-.jain &nd France
80. bin hy situation and fricndi!lc2s,
na;mu;ir Gag Great st customers, AID Us
both ase wea!thy, they ere also o@r
best. As ~ both Of these the harvest is
especially small, their demands on oar
surplus VII he ysnec!aliy iarga. Goreo-
Yer, the r,;s!ia:'% thai have lately lefs,ien
crops in SoutAcrn Russia. by GRIPPING oar
greats st rival, viii RAISE the price OF or
products BY curtai.ins explorations f:om
that quarteg.-i;,,r.d -Ncu Yyrsyr