The Sun.
London, England, 1855-11-17 00:00:00

sugar, testrioaun
serious
(Prom, the Times City Article.)
most articiersiso,
attention. Its influence upon the entire mass of the
daily
ocnloyn
siunmcoprtino,n, butis
population at the approach of winter will be such that
epnlredonbiaanbitniesinesxhatoleluld be spared to make them acquainted with'.
its true causes, since there is nothing that could .be more
readily turned to purposes of political discontent, while
with regard tont theextent
eoifr
ourmoneyed
fucalculations.t
u rclasses
im
imports
To thehrwte
sh
elquestionmehas respects
eri as
neast
ismoe etath!
in
attracting
prevent people from falling into the error of supposing
that the evil is entirely and necessarily a result °film
war, and that it will consequently go on increasing until
that-is stopped. The failure of the harvest in France,
Germany, and Northern Russia would have caused high
prices to be maintained for brealstuffe, whatever might
have been our political condition ;
other articles, the advance has been owing to the sudden
recognition on the part of the dealers of the low point
to which the stocks in hand have been allowed to fall.
Unquestionably, this diminution has, in a considerable
measure, been occasioned by the war, in consequence of
the active consumption which has been stimulated .
among the operatives and others to whom the Govern•
ment expenditure gives unusually profitable employe
meat ; but in some few cases it is attributable to the
same cause as that which has influenced the corn-market
namely, deficient crops, and in a much greater num-
ber to the extreme caution of importers, under the dread
of a scarcity of money. Many of the circumstances,
therefore, which have produced the present state of affairs
are in a degree temporary or accidental. It is true that
allowance must be made for the cessation of grain supplies
from the Black Sea and the heavy charges laid upon tal-
low and hemp for their overland transit : but, on the
other hand, the war has greatly stimulated the wheat
production of the United States and Canada, which
will soon do much to compensate for the closing of the
Russian parts ; while the same thing, to a less extent,
has taken place in India and other countries which have
sent us substitutes for tallow and hemp. Hence, when
the present range of prices shall have brought us those
supplies which must be their natural result, and the eco-
%me the will cause shall also havreadv
"tuee i s e eci, TETric 47.71/ 'FT; "grfotead to seer ti at the
Markets may gradually revert nearly to their ordinary
range, or, at all events, be subject to no other disturb-
ances than such as are inevitable from adverse seasons.
Whether the general rise which hai now taken place has
already reached the utmost limit warranted under the
immediate circumstances is a question involving too
many personal interests for a public opinion to be volun-
teered, even if the data on which it could be formed gave
any elements of certainty. That many observant firms,
however, have for some time predicted an advance to be
inevitable is well known, and that the diminution in the
stocks of several of the chief articles of consumption—
such as cotton, sugar, coffee, rice, Sec.—was such as to
confirm that view will be seen from the following com-
parative table of the quantities of the principal articles
held on the lst of November last and at the correspond-.
ing date of the two preceding years :