The Rhode-Island Republican. [volume] (Newport, R.I.) 1809-1841, 1838-10-03

Therefore ~ The present moment, there rs
virtually Il free trade in corn-for The small
duty of about half n dollar on eight bushels
of wheat, Is Lutte more than n nominal a
mount; aud thus is the grea, English mar
ket open To your flour, wheat and iudlan
corn, after having remained closed for sO
long series of years. But spectators and
exporters on your side Of the water must
bear carefully in mind, that this low rate of
duty may or may not continuation the av-
erage price is struck at the Board of Trade
in London, each week, from the averages
of the prices of corn for the preceding SIX
weeks at $50 different market towns aud
thus # the averages should be higher on
Thursday next, the duty may be further re-
duced to one shilling per quarter; or should
they be lower, The duty may be again 6s,
los, or even 35s per quarter, according 10
the extent in which prices of Corn may have
fallen. To estimate the probability of such
rise or fall IN prices, and consequent IN the
duty, the circumstances Of the harvest in
England, and in the Baltic nations, and the
United States must be taken into the ac-
count, as leading 10 conclusion as to the
probable amount of the supplies. Respec-
ting the harvest in England, ii has been al
ready explained 10 be deficient in quality
and quantity aud the latest Intelligence
from Germany aud the Polish provinces de-
scrbes the summer to have been equally
cold and rainy, and she fine weather of the
month of August to have as in England,
arrived too late for fully ripening the crops
Of wheat and to all this is to be added the
circumstance that in all the ports of the
Baltic there are not three hundred thousand
quarters of old corn, aud the qunntty in
bond in England not more than 700 900
quarters-aliogeiher considerably less than
The whole consumption of Great Britain for
the short period Of three weeks. Ifihere be
not therefore in the United States so great
a surplus from the present harvest rs TO sup
ply the population of the Uaion and of Gu
ba, Brazil and the South American States,
which usually depend principally upon your
republic for supplies of lour, and sullic-
iency to send over TO the English market AT
the same time, 1t must apparently follow
that sufficient has now been ascertained OF
the prospects of various countries To lead IL
the conclusion that The prices of all bread
s,ufs'wll be high, for the next IL months,
although not certainly reaching 10 II famine
price. The opinion of The most experience
ed corn Merchants at Mark Lane is, that
The price of corn, and consequently the du-
ties, will not materially vary from The pres
eut rates; and consequently that there will
i,e free trade in corn, nnd excellent prices
for those who fortunately have the comno-
dity To sell To us who, SO unfortunately
for ourselves, live under system of corn
law legislation by which these tyranical
prices of the necessares of life are entirely
brought about. Nor is it tn he entirely ex-
cujed, from The calculations Of your mer-
chants, shat there is movement against
the corn laws commencing on scale of
such magnitude that there are those who
believe that the whole system will be ahol.
shrd in the ensuing session of Parliament,
if indeed the distress of the manufacturing
population should not cause il TO he neces
Sary 10 call "A somewhat hurried session, for
that express purpose, nj some period about
Deccmbpr next. The ouicry is certainly
becoming Tremendous, and is apparently
joned in by all ranks Of men"