Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1821-11-09
Speculation IN Bread ,S,ue,


"ithin lew days we have witnessed aye-
eAu"ofoinary rise in the prices of flour and
el"'l, arising from speculatiOns by our South
~" i'ieNus, on the expected and probable
snort crops IN Great Biitain. which we are
disposed to examine with some attention. and
IL possible guard our merchants from 3ison'
poihtment and loss. Several w.,l-infnrmrd
lnci chants but lately from England. state. that
50 low was the price of grain in ain the arri-
cu.urai counties, that the large farmers had
their last two years crop remaining on hand.
refusing 10 bring 1t into market already over
stocAeu, ana cause still further depression in
no nut i. is well known that the rate OF
I t'es' nau iaiien SO exceedingly low on Il
IN EAcuahee, that application had been
~ " oie ministry To obtain some relief =
the crops, although then very abundant MT
producing sufficient to pay the rents and that
the ministry could grant no further rei,ef ay.
cePt tue prohibition of any import from Tie
coiones--and we have seen. within /, few
weeks, What noise such prohibition made in
Iahaaa. That rainy weather has tended
,i'.c' 10 in]ure the crops OF this wear in Great
ori'ati' tnere can be no doubt but ought we
not to wait 4 little while, and see if this cry
vi pad crops Is not In fact raised by those far
mers who have the old two years stock nm
naho Is maniiestly for their interest to
ION IN TINS general complaint, until the moment
the price advances to within a shilling ne,.
quarter OF the limitation mt which the grain of
Europe may be imported for consunntion and
they then instantly ill the market and keen
.iie rates Just so low as to prevent any open
n'S oi lile por.s for another quarter. The fur
mers OF England well know their interest. and
no" 10 proht OF any contingency The mer-
cii"',ts oI America ought to rccollect how
.huch nearer France is to Great Britain
.n f n ourselves. A very intelligent merchant
OF New York, Mr.. Simond) some wears since
IN his letters during STAY in Eurone states
mat more grain was imported into England
when the ports We're open, in the SPACE or :,
Few weeks, from France alone, than wac ever
imported from the u. States in any one wear
anu we may reasonably conclude it would
oc very much greater from all the Continent
oi Europe, ut this time Of general peace. II
Is therefore almost certain, that speculations
III tii's country, on the want Ofbread stuffs in
EnSiahd, Is a most hazardous experiment. and
VIII prove more injurious to private credit
than any plan that has offered for the I,st fave
years. 1t has ii most banefiil tendency nm Tho
agricultural interests, serving to elevate their
hopes OF continual high prices, which prudence
would forbid their expectation 10 realize. II is
productive of great mischief to the merchants
vi sh"ii aPitai engaged In the w. India and
part OF their carsoes, and they are compelled
10 give the advanced price, in the hopes il NAV
oe OBTAINED at the destined market but thei,.
expectations will not be realized, and serious
loss awaits them.-Prudence, then, seems to
require that before speculation to the eytent
already made had been gone into, further adj.
wees, and something better than the every -dav.
cry of the wet weather and miserable crons i
England, should he received, and the present
excitement IN articles necessary for the sup
port of our own citizens, and espec;allv H.
poor IN winter season, be DISCOURAGED and
prevented, rather than disturb that full credit
and the general settled state of commerce ,ys
have lately enjoyed, and which has been ),
deslderatum anxiously wished for by mer1
chants ofexperience. boston Coy
PRICE OF FLOUR AT NEW YORK
I Franklin and Minturn sold 500 barrels en-.
DprfInp fDIlr on SATURDAY. Iaet ~. 81 a