American Republican and Baltimore daily clipper. [volume] (Baltimore, Md.) 1844-1846, 1846-10-06

#EURTIIER NEWS by the HIBERNIA.
BTATE OF THE CROPs-ADVANCE IN PRO
! DBCE-MEXICAN AFFAIRS IN EUROPE
f%STRANGE VIEWS OF TIE FRENCH JOUR
y NAL s-FAMlNE AND DESTITUTION IN IRE
LAND, sc.
! We extract from the European journals, re-
ceived by the arrival Of the steamer Hibernia,
some additional intelligence of interest to our
readers. Ofthe crops, the Liverpool Times of
the 10th, says:
Now that the harvest is over, speculation is
rife as to its results, and the effect which it
! NAV have upon the future range of prices
zThese speculations, to some extent theoretical,
are nevertheless based upon a careful review,
not only of our own resources in the matter of
i food, but they combine also the position and re-
sources of other countries. A variety of cir
|cumstances have to be grasped and analysed,
before sound deduction can be made; but,
looking at home and abroad, the general inn
preston on the minds of PRACTICAL men Is,
that the price of the primary article OF life will
continue to rise, and that the only country up
on which we can with certainty calculate upon
drawing our supplies is the United States.
Last year, it is notorious, owing 10 the COM
parative deficiency of the harvest, the stock in
hand of the farmers was early brought to mar
ket and exhausted. Locally speaking, there
are now no stocks to fall back upon. The
same remark applies, though perhaps in less
degree, to the different corn-growing countries
of Europe. With the exception of some parts
of Poland, it is difficult to select corn country
from which supplies to large extent can be
hoped for. The failure of the potato crop
everywhere must, in the nature of things, in
huence the price of vegetable food, and, as the
crops in France have failed this year to satisfy
the requirements of that country we shall have
a new and formidable competitor in the markets
of the world.
The price of food reacts with potent effect
on the price of every description of produce, so
that every man in business--in short, every
member of the human family, is amenable to
its influence The Irish government, in the
spirit of generous liberality, is determined that
the people shall be fed; and 10 enable them to
be so, public works. as we have mentioned
will be undertaken to employ superfuous labor
But the making of bridges and roads is not cul-
tivating the EARTH so that the means OF giving
the people enough to do in this respect, is &C.
companied with drawback which extends the
evil it is intended to cure over greater space
of time. 1t is impossible, under the circum
stances, to arrive at any other conclusion than
that the price of every kind of grain will i'll
crease in value before another harvest.
The proVerbial ickleness of our climate has
sustained its old characteristics in battling spe
culation. The yield of wheat is better this yea
in the southern, and worse in the northern parts
ofthe kingdom Upon the whole the yield is
hardly better in 1916 than in the previous year
Even now we hear the cry raised that the TEN
porary sidng-scale of Sir Robert Peel will no
work under the severe pressure to which il viii
shortly be subjected, and parties are already
clamorng for its repeal. Empty stomach'
break down stone walls; and it is possible-wt
speak on a review of what is passing at home
and abroad at the present moment-that ;
change in the law may be rendered imperative
before the next meeting of Parliament. Anor
der in council may yet be issued for the adms
sion of all descriptions Of grain at a merely no
minal duty. We do not say this from any de
sire of being thought alarmists; but the fac
seems undeniable, that large importations o
grain to England-indeed to almost any OF TN
European ports-will repay the venture
American shippers ,l.
Foreign and Colonial produce also sells bet
ter BY private treaty good deal OF bushes
has been done, and as holders refrain iron
pressing the market, prices, if not absolutei.
: higher, may be said to be firmer. The health.
state of trade, and the full employment Of TN
working classes, are amongst the causes which
have led to this result
The English press is quite severe on the Go
vernment and people of Mexico, for their inter
nal dissentiOns, The London Times says: