Richmond palladium. [volume] (Richmond, IA [i.e. Ind.]) 1839-1854, 1845-10-29
From the Bunalo Commercial


THE FLOUR MARKET.-Tho Albany Ev.
Journal docs not often indulge in remarks upon
this subject, but in that paper recently, arc some
hints TO Mlllcrs, that, i'll view, alike jus.
and woll-timcd:-
Thoro is not, 81 Us tho Journal, moro enter
prising mcrlorious class OF men IN tho State
than our Western Ncrs. Nor thcro any
Businessmen less likely. Judging from their gen
oral agacity and tact. to be always losing IN spec
uIations what ticv make by Industry. diligence
and economy. There Is no branch of business
that would yield, If pruden;iy conducted, better
returns And yet there is none TINT has proved
so uniformly and porsoveringly disastrous. Nil
iors will doubtless say that opinions upon this
subject car DO Of no value, and that Printer had
better stick to his Type. But wo have at least
twenty valued friends IN our eye, distinguished
not less for their business energy than their per-
sonal integrity ard moral worth, who, had thoy
observed single rule, would now havo been
worth twice as many hundred dollars. That rule
is not to purchase " heat at speculative prices.
after the close of navigation. or few wocks be-
fore harvest. Tie Miller who has the firmncss
to close his gat during the water, rather than
to pay fancy prices for Wheat. saves himself
from of difiicultics,' while his neighbors
who watch themselves into ruinous belief that
the 'ily tho .uoayci tho rust Is running the
crop in Maryland and Virginia. or that EGgland
BE- short of bread stuffs are brought thor
senses by Protests and Non Acceptances. In
a word the experience of tho last twenty years
will show that our Western Mllcrs have lost the
money thew make between tho coming ia OF the
harvest and tho close OF nav; gation, by deluding
themselves into a boliof.during the Winter Spring
and Summer: that tho world is to be short I'd il
its supply OF tho Staff Of Life But they for
got tha, these things regulated by n wise Pro-
vidence, whose bountcs scattered with
quail hand over the face of tho whole Earth.
That the price of Flour will advance. gradually.
until tho close of navigation. Is probable. This
Is no: owing much 10 n deficiency IN the crop.
nj homo or abroad rs 10 the activity which per-
vadcs the various departments Of business and in
dustry throughout tho world. There is more
than tho ordinary ability. in America, in Eng
land. and in Enropc. TO purchase and consume
bread stufs. Bu, if the prices to be received for
-four this fall. initiate and bcwiIder Miliers during
tho winter. they will pay dearly for it next sum-
mer.
There is nothing hostile to tho Farmer. in what
is SAID of the Miller. Agriculture is best promo
ted by n market and steady prices. Moth
ing is more injurious 20 tho Farmer than an in
constant. fluc'uatng Market. And depressed pri-
ces arc sure 10 follow speculative ones. If Wheat
sells. for season. at 10. / 13 shilliDgs
bushol. tho Farmer is i'll prepared to sell his next
crop for five. SIX and seven shillings though this
is certain consequence. 1t is better for the Far
mer and tho Miller that one should receive and the
other pay Just. fair and SO far may be- uniform
prices for W heat
These remarks. VIC repeat. are Just and we'll
timed. and should DO carefully needed. There is
much, in the present condition of things to
courage tho Miller. who will manage his business
prudentIv. and to give that degree of stability TO
the produce market generally will insure care
tul operators and fair returns for their invest
ments The remark of the Journal. that there Is
more than ordinary ability in America. Engla nd
and Europe to purchase and consume bread stuffs.
is emincntly At period. excep. during
general war. has the American produce enjoy
cd moro reliable market a; remuneraiing pri-
ccs. The crop of England has not proved an
average ono. but instead of the depression of
trade and manufactures. and scarcity Of money
usually attendant. on short crop. trade is -four