Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1882-05-06
QUIZ wHEAr-eRowINe RIVALS.


The custom of the European countries
that require more wheat than they grow, is
of especial value to us, and no effort can be
too great that shall give this country per-
mauent position as supplier OF the markets
there. We can grow enough to meet their
wants, and we are adding TO our wheat pro-
auctions in the fine wheat lands of the north
west year by year. A check upon the sale
of the product would be disastrous 10 that
part of our possessions that is now filling mp
the most rapidly, and is attracting emigrauts
by thousands. There is a set of spectators
whose proceedings are Gripping our wheat
trade, and by their corners and monopoliz-
ing are making that article art iicially dear.
Their proceedings are direct helps TO other
wheat growing countries to enter the worlds
markets as our rivals. Let our wheat go
forward at fair profit to grower and ship
per, and we can sell at prices hat will dis
tance all competition. Any price put upon it
by speculative monopolists is a tax imposed at
home in favor OF rival growers. Hitherto
Russia has been our most formidable com-
petitor. We have proved our ability TO dis
lduCe ncI III tnC COmpStASANO AoSS' Dus
there is another rival becoming every year
more formidable whose position in the mar
kets demands our most serious attention
the East Indies. The Suez canal has given
the East access 10 Europe in a way that
gives it advantages never before enjoyed by
it, and of which it is now beginning to avail
itself to an extent it has not done before,
III end, Ito
through that thoroughfsre to an annually
increasing extent. The London Spectator
regards it as probable that the wheat-grow-
ers of Canada and those of our own North
western States may find the new source OF
supply serious check to their fortunes.
That paper, April 18th, said: "The shippers
of wheat from India appear to have COM
pletely surmounted the old transport diff
eulties, and the value of the export last year
exceeded G., 100000 1885, 000, 000) while more
than e1, 100000 worth (S5,000,0 00) was ship
ped during the past month. 1t is quite pos
sible, therefore, that India may carry off a
large share of the wheat trade from the
United States, as the States carried it off from
Russia, and SO stop the rapid extension of
cultivation in Manitoba. With light rail-
ways in the Punjab, Northern India, the
supply of good wheat for export might be
raised to more than 100000 quarters
10000, 900 bushels), at price with which,
in a good year, Americans cannot compete.
The single difficulty with which growers in
Northern India now have to contend is the
Glow, and therefore expensive method of
collection by country carts and river boats.
Grant even slight improvement in internal
transit, and England would be fed from
India" The obstruction here spoken of
would be SO much in our favor if met by no
corresponding check on our own part, but
the spectators place precisely that check in
our way. The expensive, slow manner Of
collecting for the market the wheat grown
in India is, in It's effect of increasing the
price of the article, equaled by the artificial
advance of price imposed upon it here by
the manner In which the tricksters of Chi
csgo and Milwaukee highten the selling rate.
The subject is one of immense importance to
our commerce, and our intelligent merchants
and statesmen would do well to give it their
earnest attention.