Morning herald. [volume] (New York [N.Y.]) 1837-1840, 1840-08-20
who consider usury laws Is either just desirable for

who consider usury laws a. either just desirable for
the welfare Of the community.
The situation of the crop England has been the
subject much anxiety and some speculation both here
and on the other side Of Atlantic The speculation In
the scle in Enlsnd very high, and to this cause
may be attributed various contradictory rumours that
have been put aaoat the subject On this subject
will give the following from the Bankers Circular Alter
some speculation arrives at the following conclusions;
l. That the crop in the British Islands in the year
1910 will yield quantity in measurement equal
10 that which the cropot 1870 would have yielded, the
had been favorable from the first of August to The
clio sc Of the autumn OF that year.
q That with fair and moderately suspicious weather
there will be asuppy from this years
nearly approaching to that which good iair years anon
the average, and supply adequate to the wants OF me
peoples because the quality and condition OF the "he VIII
ton in human food WILL all probability be aided mate
rally by great increase in the supply OF good barley ana
oats Of description TO be converted into 1000 lo
which considerable proportion OF these grams produced
in 1889 could not be.
Consequently with favorable weather, we expect the
ofralc, after the Spectators nave attained IN part
their object 20 mark prices which wil De absolutely po
hbitory of foreign supply Except perhaps rom Ameica
for long time TO Although even IN the case as
weather. there is likelihood OF prices falling
very low they viii be low enough to require high
There is how ever, little chance of any considerable
quantity oforeign wheat and hour arriving in ports
from abroad th which is the result OF srecuaons
entered into some ago Wheat higher IN Hamburg
aud Dantzc than when last wrote upon the subject in
Apri the best samples cannot bought those places
under from els the quarter, and such could be
sold in land profit with low duty under 70s
No would speculate upon stock at that price unless
he were propelled it by abal harves in England This
ripon may to show the mprobability Of
large amount OF value being imported from the places of
greatest supply nearest to this country for some time to
Gomez and aude to this fact of high prices in the
principal ports OF supply because is calculated to have
material bearing the conduct Of the Bank OF England
and upon the money market generally.
Then it is well known that the Mediterranean ports
have been exhausted Of their stocks There has been
good harvest in Italy, we'll as in all that part Of Germa
ny where the people would seek Trieste as the centre of
accumulation for grain for exports but all the ports OF those
situated beyond the Pillars OF Hercules too dis
tat for the operation OF English Spectators at period
like the present time Consequently appears that
there is little danger of disturbance monetary affairs
from this source and is proper to notice the NATTER be-
observe stated in various provincial papers
published in the manufacturing districts that aaI for the
position in which the Bank of Eng might be placed by
adverse cornrade tends powerfully to obstruct bust
ness, and prev ent the revival OF confidence
America TO the only country that send
considerable further supply of wheat -four until
shall he known concerning the issue OF the approaching
harvest There is now so much corn grown in Michigan
and portions of other states to the British frontier
that have doubt considerable quantity Will be
passed the boundary and England the
produce Of Canada which would otherwise be consumed
home be exported the harvest in the United States
be abundant has been represented prices under their
existing Banking troubles must be yeiy low; and conse
quently considerable amount Of value may he RENTED
in from the United States, Notwithstanding duty Of
1885, 3d. or los. 81. No merchant would Tor some time
past, imagine, speculate lower duty The more
corn the people of the United States send the better
chance Of and remuneration will be afforded to the
British manufacturer Therefore, care not how much
they send from that country and have apprehension
danger arising the bank the Bankers, from all
other ompor for gran provided the harvest in
England proves equal to our present expectation.
We shall again advert to this important subject when
information is enlarged, and the prospect
fully developed.
The following is table othe imports, consumpton and
quantity of wheat bond in each month, from Dec 1888
TO July l3l0:--