Indiana State sentinel. [volume] (Indianapolis) 1841-1853, 1846-09-17
I'm She Cnmcst

Up she OOmcS.
Under the head of 50 Markets." our readers will
perceive with pleasure that -four and grain still
tending upwards-having reached, at Cincinnati, as
high as S3l5 per barrel for -four the 10Th inst.
One of the causes for this favorable change will be
found in the foreign extracts in another column, des-
cribng tie deficiency in the crops of Great Britain;
another is, the orders which have been consequently
RENTED to this country supply the deficiency which
by the new tariff system of England we are happily
enabled do TO tie great advantage of both sides
We copy below few additional paragraphs, evncing
the effect Of this state Of things in different quarters
and which in greater or lesser degree will be favor
ably felt by every city, hamlet, and farm in the
country.
The Philadelphia Ledger has the following:
"BEgAp SrUFFS-The last news from England
has had very favorable effect on flour and grain,
and an advance of twenty five. per cent. has taken
Place Very large orders for Indian said to
have been sent out from England to this country.
Orders to the same pupor have also been sent TO the
Mediterranean. They are intended for the supply of
Ireland"
The New York Express (Nhig) says:
The news from Europe has had very sudden
effect on flour and grain As soon as the letters
received fresh orders appeared in the market, both
for flour, wheat. and Germ. Upwards of $1,000 bbls
of -four have been taken for shipment TO England at
SI.37a, and even Si.44 for Michigan and Genessee.
This is rise, in two days, of twenty-five cents.
There have been large purchases of wheat and corn
at an advance of DC. the former and &C. on the
latter. The advance is occasined by the accounts
of bad weather in England and fresh orders for
export"
The New York Journal of Commerce comments as
follows:
"FREEsTRADE AND THE FARMERs.-Facts multiply
upon us, demonstrating the entire falsehood Of the
theories of the proteconists. They assured the far
mcrs that protection and home market the only
guarantees of high prices for farmers products and
that after the passage of the nd valorem tariff of
1916 universal ruin would spread over the country
But since the passage of that tariff flour has risen
half dollar barrel, wheat In the proportion,
corn five cents, and rye one two cents. They told
us they would be ready to adopt free trade when
other nations would do so and especially, If Eng
land would take bread stuffs and provisions, we
ought to trade freely with her. When Great Britain
adopted the liberal policy. and reduced her duties
all things a revenue Standard and on most of orr
great articles of farming produce abolished them en-
tirely, the protectionsts false to their pledge de-
cared that England was selfish still that she only
took what she obliged to take and especially that
her repeal of duties of no value to US, for her
market would be supplied from Germany, the Baltic,
and the Black Sea- cheaper than IT could be done from
the United States. They have evidently been lying
to us, honorable gentlemen though they be, all of
them Most Of the recent advance in our bread StufS
has been caused by the news from England by the
last steamer. On Monday the English market lifted
-four to $3.50 For :lat market 5000 barrels Gen.
essee, Ohio, and Michigan flour were taken at that
price. The English market and nothing else has
done us this benefit Here are the facts in the records
of trade Argument, theory, prophecy. all frus-
trated denied, demolished Bread stuffs in fact
now going from us to some of those very markets
from which it said England would be supplied,
to utter exclusion. The farming interest must
credit the free policy Of England with three cents
pound cheese, ten cents a bushel wheat, FIVE
corn, and on, just for this advance
In addition to this Tie farmer will find the articles he
wishes purchase cheaper, that if he gets per
cent. more for his produce, and buys his family sup
plies at twenty per cent cheaper prices, he is gamer
of thirty every dollar of his earnings. This
is quite moderate estimate of the value of the
policy of England and the United States, to the agr-
cultural interests of country. This is the
way the farmers and laboring men are TO be ruined
by free trade"
The following is from a London paper:
indian CoEN-The anticipated almost total failure
of the Potatoe crop in England, Ireland and Scotland
has caused the price of Indian to range from
25s 10 32s. quarter during the last three weeks.
The quantity in the Mediterranean is said be very
small. We expect that America will be enabled to
reap golden harvest in the sale of this article in
England"
All this will afford sorry comfort to those Wing
editors who have been croaking "rain" ever since
the passage of the tariff bill!
CALIFoINIA-The WASHINGTON correspondent of