The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1846-10-09
The European and American arrests
Their Influence upon Commerce..

The European and American Harvests-
Their Influence upon Commerce.
The accounts which we have from time to time
received at this office from Europe, and from
the southern sections of our own country in
relation TO the harvests, are ola nature calculated
to initiate prices beyond healthy point, and to
give speculative character to all operations gene
rally. No one can deny but that the principal
harvests of Great Britain are unusually def
Gent, and that those Of the Continent will fall
FAR short OF an average.
The loss OF the potato crop alone is suf-
fcient to create extensive demand for
other agricultural products, which must be
supplied from some source, but we see at pre-
sent no foundation, no rhyme nor reason in the ra-
pidity with which prices have advanced in this
and other markets on this continent The adj
vance is by no means healthy and cannot be per-
manently sustained. twill be subject to reactions.
and those reactions will result in ruin to hundreds
of spectators. rices for flour are now. and
have for some time been, several shlings above
shipping points, and any improvement on the
other side produces corresponding improve
ment N our markets, and prevents an
equalization of rates, so necessary to preserve
alegitimate course of trade. Instead of keeping
Just behind, or par with the markets of Eu-
rope, we are far in advance, and every shipment
made from this side, at present prices, must be
made in anticipation of a very great improvement
on the other side. Whether these authorizations
will be realised or mot, is as yet matter of
much doubt. 1t is beyond the foresight of any
one to tell what will be the result OF the move.
ments going on in the corn markets of the world;
but this we do know, and the experience of the
past will confirm the truth of it, that those who
realise, either as producers or SPECTATORS within
the next ninety days, on whatever supplies they
may have and realise too on this side of the At
lantic, will have reason to congratulate them
selves, before the season terminates, upon the
wise policy of pursuing such course
we have recently published very full accounts
from various authorities, in relation to the grow.
ing crop of cotton, and the conclusion every one
must arrive ut, after n careful examination or
these statements, is, that the yield for 1916
and 1917, will be much less than that of lS45
and 1916. Under the head of cotton trade in this
days paper, we give some facts in relation to
short crop seasons, calculated to shake the belief
oil those looking for very great deficiency in the
crop OF this year We have no opinion to give
upon the subject. The question is open, and will
remain open for months, and as the season ad-
vances, estimates can be formed upon more de-
finite data, but the experience of the past is
always safe guide for the future and it would
be well for those already involved in the move
ment, and those contemplating becoming so, to
weigh well every report and every influence
brought to bear upon the market, and govern
themselves accordingly.
II would be well for spectators to bear in
mind that there must be at least deficiency in
the crop this year of fire hundred thousand
bales, after adding the estimated annual increase
TO bring the yield for 1916 and 1877 down to two
millions bales. This in the face of the fact that
IN many districts of the cotton growing section of
the country, there will be full average crop.
makes it difficult to reconcile the estimates made
by the most rabid short crop spectators.
MErTERNIcH FROM THE Rocky MouNTAlNs-THE
WMNEBAeoKs.-W see by our advices from
Washington, that the chiefs of the Winnebagoes
have not as yet come to terms with the Commits
sioners OF the United States, as to the compensa-
ton to be granted them by our government for
the cesson OF the lands at present occupied by
the tribe in Iowa. Little Hill" and cold Gulr,
have diplomatic talent of the highest order and
we doubt If ever Lord Palmerston or Lord Aber-
deem has gwen our government more trouble in
making treaty, than these two red men, Their
diplomacy is equal to that of Metternich, or a
Iaileyrand. 1t is said that the chiefs demand.
and will be content with four hundred thousand
dollars, and we trust that they will be allowed
that sum. The President directed that the coun-
ch should be held with closed doors, but the In.
dams protesting against this mode of proceeding.
the doors were again opened
STEAMSHIP GREAT wEsrERN.-Tbis favor;te YES.
sci left our harbor yesterday at 2 o,clocL u;,h
about sixty passengers, and one of the largest
mails that was ever carried across the Atlantic
Among the passengers are the Hon Georoe R,r-
croft, Minister to London General Arms,rono
Consul to Liverpool and John Templeton. the
ocalist, and his lady. IL was found necessary n
make some considerable repairs to her after the
storm of the 10Th and 10Th ult., and bv having
workmen engaged on her night and day since her
arrival, all the repairs were made, the cargo dis
charged, and another taken in-all within the
space of one week. This is something like doing
business.
The NATIVE GUBERNAroRrAL NoMrNArroN-The
natives, it appears, have at last alighted upon
their gubernatorial candidate at the next election
The lucky individual is the Hon. Ogden Edwards,
OF Kings county. This gentleman is good man,
and is well known in this county. He held the
oihce OF circuit judge for many years, and dis
eharged his duties with credit He would no
oouot make capital Governor, but we doubt
very much II he will be permitted to officiate in
.ha' capacity. The native ticket for Governor and
Lieutenant Governor is by no means bad one.
ihh DokL.-A statement appeared in n latter
ITO" our rniaoeipha correspondent. some DAVIS
ago, charging Mr.. George Decatur To-. ~
being engaged in an affair of honor near ch..,a-
Pa. Our correspondent must have be,n -,
formed, as we are authorised by Mr.. Twip0, h;,,
sell, to state that the umor is entirely groundlsss
and that he had no participation whatever in the
Transaction referred to,