New-York tribune., 1841-10-09
speculation in Fiour-Conb'nnron oil
lliiIcrs 10 cut OF the supply from INC
lifY OF New York.
Correspondence Of The Tribune

Isiilcrs 10 cut OIL The supply iFo"s '"'
City Of Ecw-Eork.
Correspondence Of The Tribune
BUFFALO, Oct. ), l5il
GESTLsMEN ~ When | wrote you announcing
he capture of Lett, adverted TO the fec; thar
.one fingers had been badly burned in their recent
o,era,ions in flour AID wheat That was just al
-, the arrival Of the steamboat at Boston with the
cory of failure of crops in England, and upon
.he strength of which this region of country was
oyerrun with spectators in bread-stu1s. These
runors communicated their disease TO LEGAL opera
mrs and wherever the Infection became epidemic,
The patients are still suffering severely. OF
III known remedies have been resorted to as,
when prices began to fall off in your city, from
heir artificial elevation your price currents
we're made to say that arrivals Of flour from the
West, for the las, few days, had been very light,
Nc. To this the verbal crcakers added that the
water in the canal was so low as to stop naviga,
lion, with no prospect Of relief; that the Mills al
the Wes, we're all idle for want of water, &c.
Now the PRACTICAL truth Of this last, served TO make
he other statement pass something better; but al
would not do for still, in the phrase Of the prices
current, the tendency, in flour, was downward,
day after day, and the losses on the speculations
were heavy, and hourly augmcnting.
But, with all this, ingenuity was not wholly bdf-
fed, and the sufferers have now hit upon new
device to reach the cuse. Certain Mlllers had en-
tered into conspiracy or compact to stop their
NILS for a time, in the hope that by this they may
shorten the supply of flour toyour city, and thereby
hing up the price so as to realize the exorbitant
prices which they paid, in the hight OF their hopes,
one weeks since, for the raw material. How far
this combination extends 1t may be difficult to de-
ermiue, but it is probably confined to this State
Il this is so, it can have little effect upon your
| market. in reality though it may do something
| Arough the conceted efforts OF the croakers, OF
| ghOm | suppose you will find no lack. One story
| sl probably be, the old one, namely, that the
,earns are all TOO low to allow of grinding; and
tbs, TOO, In the very face of the a;c abundant
lsns. But the language among these men them
eyes is, We have stopped our mills TO produce a
isnpo.ary scarcity, by which we hope TO save our
selves.
have said that if the combination is confined to
this State i, can do little, and such is the tact.-
The wheatgrowing regions of the Wcst-west |
ntan OF the State Of New York-are 50 extensive,
compared with those of western New-l ork, that
all control of the wheat and flour market, by men
this State is quite impossible. indeed, so vast
aad constantly augmen,ing is this wheat field OF
tie valley of the Lakes, that such system OF mo-
! sopoly as once covered our western counties can
teb drought to bear upon IL The region Is so eN-
spded and the interests of its occupants intiu-
eted bv circumstances OF local nature that cur
.n of action and therefore of result is impossible.
Ih has been both seen and felt for several years.
| y the wheat monopolizcrs and the most they at
Gupt to do now is, annually to cook up for the
le,s of your CITY, first prophecies that the wheat
| Mo be failure, and in due season fellow this
'i,h a round averment of the fact. Temporary
iaciuations through panics thus created are year
| produced in the flour market, by which species
Of ,sndns the poor is ccnsummated to a greater
Or less extent.
Just at This time the artificial state OF things
scsh; to be created in your market, is favored BY
the prevalence, for an unusually long period, OF
nOriherly and easterly winds with us, which has
carried all our vessels TO western ports, where II
ie,.ns them. There !, not. therefore, ANY thing
a:re in the way of might But this IS not TO last,
s;he first change OF wind will in few hours MI
asf our harbor with vessels. and supply the fleet
8 canal boats now waiting here, with carsoes
ION the rich granaries oi the West, whose desti-
'aiOa Is your city.
0ny those, therefore, who choose, need suffer
this scheme OF stopping the Mills; for while the
Lakes and the Erie Canal are nayigable the sup
py Of bread TO your population is no, dependent
uPon few men who, having expended their sub
',ace in speculation value, subsequently, seek its
run through the inhcton OF hunger as q means
o extension