Baltimore commercial journal, and Lyford's price-current. [volume] (Baltimore, Md) 1840-1849, 1847-08-07
THE NEWS BY THE HIBERNIA.

We have often, within the last month or two, Or
since the prices OF Breadstufs began to give way in
England expressed an opinion in accordance with the
sentiments contained in the following article, from
the New York Tribune; il is therefore not strange
that we give them publicity, that our readers may
perceive we do not stand alone-and they will here
after be enabled to how far circumstances may
have proved the of that opinion particu-
larly as regards the substitution, among the lower
classes, of Corn Meal not only for Potatoes and the
FcOrSer grajlS' but also, with the higher classes for
the finer Breddstu0S -somc Of the latter having al.
ready, has been stated, provided themselves with
bakers who understand making Jonny and Egg
Cakes.
In the absence of Political intelligence Of decided
interest the fluctuations Of the British Gram Market
form the ruling topic in connection with European
affairs. From the depression in Grain and Flour,
and especially in Indian Corn and Meal, during the
week last preceding the departure of the steamer,
conclude that all doubt of a bountiiul Harvest
throughout Europe, and especially Of the coarscr
Grains and Potatoes on which the Poor mainly rely
for subsistence is finally dispellcd and that Plenty
and Thrift rapidly resuming the ascendant.
STILL the natural exhaustion Of stores, und-r the in
iluencc of so decided and general failure, will go
far insure unusual demand for Brcadsuifs from
this country throughout the ensuing season. That the
destitute pcasantry Of Ireland, any other part of
the British Empire except possibly few Manulac-
turing towns, will be generally subsiscd on the
Indian Meal of America, is phantasy which
dreamed Of INDUCING; if these cannot be fed
from home grown products, the Empire is bankrupt
and may well declare il at once; but in view of the
almost necessary exhaustion OF the staples of
food during the proractcd agency of such famine
the British Isles have Just endured, and the inevia
bic and serious dminuion Of the Potato culture, in
consequence of two successive failures of the CROP we
shall be disappointed if there is considerable
demand the coming Autumn for the expectation of
Flour and Meal TO Great Britain. Agriculture, Com
and Manufactures are all interested in the price
of these staples, and the news by each successive
arrival must continue to be awaited with very gene
raj anxiety Aside from the large class which luc
tuation of dollar per barrel in Flour will make or
break all more or less directly, ntcrc sted in
matter which affects every department of Indus
try and Trade.
We need hardly repeat that so long as We shall
continue to buy OF Europe large proportion of
Fabrics, it is desirable if not essential that be
able to supply Europe with like proportion of her
Food. We cannot pay for such Fabrics with Cotton
alone; extensive is the market, the price is far
from sufficient. We must sell Bread if we to buy
Clothes. Yet it is by means pleasant picture to
our minds eye, that of our Farmers, Millcrs, Mer-
chants etc gathering around the Telegraph stations
every week or so to learn whether American Labor
shall be rewarded, Business prospcrcd Mercantile
Credits justified, and Money obtainablc otherwise
as the barometer of the London Corn Exchange shall
Indicate Who does not see that immense scope and
expansion given hereby to that thress Spccula-
ton which does not tend to increased Production
or more widely diiuscd Comfort, but the contrary?
Grant that we can sell our Food in England and buy
our Clothes there on such terms can live by
that there will be 'ruin or general prostration
is there not clearly "a more excellent way!' We
trust the Millions bordering this question.