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Our Wheat Crop And The War

Our Wheat Crop And The War image
Parent Issue
Day
24
Month
August
Year
1877
Copyright
Public Domain
OCR Text

From the Now York World. Russia's dimculty is our opportunity. It is anuounced tbat the export of wheat usuully sent from the northern porta will be serioualy diminished in conseqnence of tho war, and that the exporta from the southern porta will be cut off altogother. The Loudon Economiat, in tho last number at hand, on the nuthority of a London expert, troats the " eossation of shipinonts from the south of Kiissin " as a foregono conolusion, and uHirms tbat there is reason to believe, that both tho Knglish erop and the French will tie deficiënt - that is to siiy, the domand i'or imported wheat will be greater than usual both in r-'niiMv and England, and tbat the cbief souree of supply will bo cut off. It ia porbaps usi.-1i.-sm lo speculate how much the dimiuution will be in tho exports from the northern porta of Kusaii, but the usual supply from that source ia not mich more than half the aupply from :hi soutburn ports which ia absolutely out off. The proportion, taking the averago of the yeara 1871-5 inclusivo, was altnost uxactly as one to two. With tho shortneaa ot the uropa or even with in average erop in Central and Western Surope it seems, thereforc, that at least wo-thirds of the wheat uaually bhippud Vom liuHsia to Ëugland and France will bu callud fsr from this country. l'ln: importauce of tbia virtnally new outlet tor our surplus may be judgod by he fiiet that the export of whuat from tussia to Euglaud alone i'or the uve i'urs named above was of tho average valuo of L10,000,000, oralmost the name u9 our own export of wbeat for the amo years. ijuch au access to our rade as the doubliug of our export of wbeat woulil bü of great iniportanco to us at imy time. At this time it is of vast importanco. Of our own ability o munt tuis iucreasod demaud the asu rauco of our magnifiueut wbeat erop iiiivrs us no doubt. It is tbo opinión of aroful experts thut the surplus of this rop availablc for exportatiou will be otween oighty milhons und ono hunred millious of bushols. Tbo promise f a maiket in Kurope for so largo a liare of it is a more solid assurance of )atter timt'u than nlmost imy otbur surance tlmt uould be given to us. This blesuing has come to us undeorved. Tlmt we should get a gharo of be Kussian wbuat trade happens to be ur good fortuno and the tmstbrtune of .1193ÍH. To keep it will require wisdom n the rolaxing of our abominable coiunercial laws. We do uot even now get 10 wbolo bonotit of our inoreased raent, for our uavigation laws havo made t impossible thut Americana should got the profit of handling and trauRporting to its raarkot the surplus of this groat harvest. But if Congress does its duty wbat is now a windfall muy beooiue a steady and permaneut source of pros pority.

Article

Subjects
Old News
Michigan Argus