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Show TIIE WAS. AND THE CHOPS. Tho first efliicts of the European war upon tho American markets have been a remarkable riso in the qualitiea of all grains and flour. Spring wheat advanced in New York last week from 30 to 40 cents a bushel, No. 2 having sold as high as $2, and others in proportion. The business has not been very large, for the stocks on hand are light, and holders are not anxious to sell. The resources of the Black sen being cut off, Western Europe wilL have to look to this country for supplies, and . unprecedented prices are anticipated. Flour has materially advanced, ship ping grades ruling in New York at $8.25 to $0.50, and the choicest kinds ' at $12 to $14. Most ether articles of of farinaceous food have advanced and animal food is also dearer. The ' riso in cereals has greatly stimulated the farming classes and largely in oreased the area to bo cultivated. The growing grain crop is generally reported re-ported aa unusually promising. The statement of tho bureau of the - department of agriculture ahows that tne jngusn imports oi wucat ana flour for the past four years have " averaged 101,756,270 bushels. Dur , iug the last four years the United States has furnished 45 per cent, of the English imports, and Russia lfj. The wheat production of this country has twice xct!dud 300,000.000 busholi, iut tho a vera i;o since 1SGV ii scarcely 270,000,000. ihora is required a', hemo " for broad and aeod LW.UOO.OOO bushels, and more tha 60,000,000 buihols aro annually exported. Our present grain apply is short. Tho European war will doubt leas curtail the production in Southern Buropo, while it wilt increase the consumption. The California crop for 1877 will ba short and an increased area of spring wheat "will be re-quired to upply tho world. |