True American. [volume] (New Orleans [La.]) 1835-18??, 1839-11-13

u Ely an accident, which occurred IL, too late an
hour for reparuon, the following articles wore left
out Of our yesterdays cditien.-Priner.
LyERrooL Sept. IS, 1889.
5 r-Since the spring of the present year. some
nnloward circumstances or other Las continually
happened to check tho first appearance of return.
ing confidence. or the commencement of a revival
OF business Thus early in the presen month,
there were decided symptoms of goncr ii i1n>
pr9vcment in commercial affairs when it became
known that tho bills Of tho United States Bank had
been refused acceptance by their correspondents IN
Paris The sensation produced by this event has
not yet subsidized, though the bills have since been
protected. Anticipation naturally goes to the
consequence which may follow in the United
States, and likewise to the amount Of tho liabilities
OF their agent i'll London. Looking torwar !, these
difficulties appear great Notwithstanding which, if
satisfactory arrangements can BIO made to transfer
the Banks business in Europe from their present
agent to really responsible houses, and under alb.
solutc limitations, that in future this establishment
should DO strictly confined to banking business
ny, much real good would BIO accomplished, be-
sides restoring confidence here. And on tho other
s'd1 the Atlantic such il the elasticity Of tho peo.
pie, any difficulties there would probably be very
s"on surlnountcd. by the last advlces from New
York it would appear the United States Bank had
ceased aw,ng, from which it is inferred they were
prepared Tor pressing events, and they appeared to
iuIt!IcT III specie. Alter
the occurrence already alluded to. immediate
Improvement in our own monetary affairs could
scarcely be expected, though mone,, it is unccr :.
stood, IS less ,.tflcult o procure. The tclrs how
ever OF Il bad harvest have no doubt encouraged
many large operations in foreign 4rau. This ne
cessarly creates anxiety as TO a further and great
expectation OF specie. a few week. will, i. Is cx
pcccd, dIspcl or lessen these fears
Looking fairly and dspussiona,cly to the pros
poets of our domestic supp of bread Stuff there
Is iItili doubt but in quantity it wi cxHecd
wants Some may be more or less injured, still
there is the inod--aud besides, anticipate a crop
of potatoes surprising all recent productlon-
Again. with the present protrac I'd harvest wc
come on the con u,npton Of the existing crops
no irly two months later than the average Of past
ycat and again, the high prices will and have
cauacd great economy in the consumption. Under
these circumstances, similar results may follow to
what occurred in 1921. Then, the harvest was
as late, or much later than the pr sent is, occa-
sloncd by continued rain the wheat was bad and
very much sprou'ed; so much so as to keep down
the average, and prevented the entry of foreign
corn for home In October, 1921, from these
calses, cd English wheat sold in this market at
lbs lis per 7Ulbs but no sooner was it ascar-
tanned that o! good and bad there was enough for
our waits, then reduction commenced and tho
frcc never ceased to fall until the following Au.
gust, when British wheat, according 10 quality
ruled here from 6s To 5s Cd per 10 lbs The diff.
renee between the two seasons and periods were
these IN 1871 lhtr, was very large stock OF old
English heat OH hand, aud tn farmers were in.
differently of; now there is moderate stock of
English, uhat of foreign is large, but together
considerably under the stock Of English in Octo.
Der, 1871 and now SO far from the farmers bong
poor, they arc rich. and many in consequence ho d
their wheat too long for their own interests. Let,
however, the PRESENT scasunable weather continue
and we consider an immediate decline in bread