Saint Mary's beacon. [volume] (Leonard Town, Md.) 1867-1983, 1879-07-24


DEMAxp ROB AMERICAN WHEAT
We find in the Chicago Tritnne some
plausible facts and figures gong 70 de-
monsirste that there is not likely 10 be
an early fall 10 the price Of wheat. The
de6ciency IN this years European crops
makes II apparent, according TO The es-
Inmates Of The London grain circulars,
hat we shall be called upon 20 export
OF the harvest of 1879 The enormous
amount Of 272, 900. 900 bushels, all Of
which will be absorbed ia Great BEi-
tain. France, Italy. Spain. Portugal,
Holland. Belgium, North Germany. Dem
mark, Norway and Sweden. 10 each
of these counties the outlook for the
home product is very discouraging, and
the same thing may be said of other
parts Of the world. except the United
States, from which they have been ac-
cusiomed 10 draw supplies in times OF
dearth. From HIndostan, Egypt and
the North African coast comparatively
nothing will be exported on account Of
the drought; and Central Europe. in
GLIDING Austria, Hungary, the DanubIan
PrincipalIties and Turkey, viii have
very little 10 spare. Northern Russia
will have no ezpostable surplus. The
rye crops Of Germany and Russia pro-
per, owing 10 partial failure and May
frosts. will be short, and those States
must be large buyers of wheat. A Ber-
lin merchant writes that The Russian
crops of wheat and rye wall not be as
good, as last year, because Of the drought
in some sections, foods IN others and
Iocusts. Rye Is the great food crop in
Germany and Russia, and occupies q
larger percentage of acreage than wheat.
This rye crop is expected now not to
exceed go per cent. OF an average sea-
son, and The wheat crop is poorer than
in 1878. The most recent dispatches
by cable rather increase the gloom:ness
OF a long and careful review made in
London three weeks ago. II was then
declared that there would be serious
shortness 10 the wheat yield IN France,
England, Spain and Italy. The ship
ments from Southern Russia will not 60
beyond the Mediterranean ports. North
ern Russia usually exports 5ui moder-
atelY. The imports Of Italy, France
and Great Britain. liberal as they are,
are speedily absorbed. The acreage OF
Great Britain Is 10 per cent. less
than last year, and the stocks in Brit
ish cities are now moi over so per cent.
of what they were twelve months ago.
Even the most casual reader will notice
that the above are The views of those
who are interested in bulling the mar
ket; but the facts are pretty well sub
stantisted and the reasoning from them
logically direct. II is scarcely doubtful
that there will be an increased deficien-
CIV IN the wheat crop Of Europe and in
the supplies for which Western Europe
has been accustomed 10 look to the or
binary Eastern sources. AS The def
cheney will be so great and the usual
sources Of supply so much diminished
there, the Western countries of Europe
must depend upon the United States 10
meet the enlarged deficiency. And the
mos. important point, 80 far as the pro-
ducers, handlers and shippers in Amer
lea are concerned, Is that, il being a
question OF quantity, The foreign market
will for once not dictate the price oil
wheat. Instead Of being sent abroad
for sale. il will be purchased here al the
sellers prices. The appearances now
are that the surplus Of the present
American crop, large as il will be, will
not. more than suffice 10 meet The for
eign deficiency. If this be the case,
then the price OF American wheat du-
ring the coming year will be greater
than u has been for many seasons.
Farmers must get their share of the
profits; railroads and canals reap the
beneEt Of brisk transportation bust
ness, and the shippers at the sesPorts
have their hands full Of work. The
matter y one in which Baltimore has a
deep interest. With our facilities OF re-
ceipt and tFanshipment al Underwater We
may look for further gain IN this tral-
&c Il things turn out as il seems alto
gether probable they will do.-.4meri-
can.