The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1847-07-26

Inc Quantities sold and the prices IN june, hitherto
still show dimnution Of the latter and increase Of
the former But prices have unsteady, and gsnr
rally recediug and the returns quite consssnt
with the hypothesis that large holders always the last
sellers in such state Of the markets as We have had
this keeping back their stocks in the snticpa
ton that prices will again RISE With the adopted
by OF the small quantities
sold prove great ion of stocks The truth ",
that but very large holders Of In hands
have any wide communication with each other; and
they very often make ruinous mistakes. The
generally sell In the earlier part OF the season. or
the markets are not violently disturbed Is soon ~ ind
vdual circumstances render expedent In the total
absence Of any official information 1t is therefore impos
sibe to do than at the quantity OF
naming In the hands of the farmers We believe IL to
be larger than Is generally supposed though still small
enough 10 justify for the present. the Limitation OF tho
consumption by price, for wheat exceeding s0s per
quarter and for other grain In something like the
ent proportions.
The period subsequent to the securing of the next
harvest the estimates for which must be still more
doubtful.
1t asserted that not more than third OF the usual
extent Of land planted with potatoe and that
with failure Of that crop, and full average yield In
the grain crops shall have ut home, incoming OF
food greater then had last year. with the potato
disease We doubt the estimate OF the extent OF this
years potato crop, and are Inclined upon evidence s
trustworthy any have yet TO think 1t greater
than Is stated is fate is Of course as yet in doubt
Then 1t Is said that grain crops raised abroad this
year under the stimulus OF recent prices and prospects
here cannot reach before the spring OF lsas This
is true; but the extent Of the probable supply from
got In and will be estimated with much and
the supply will then be sold in reference to the ap
proachlng competition OF the foreigner.
1t is admitted that both here and abroad much
greater breadth of land than usual has been with
grainthst the wheat crops far our information
yet extends PROMISE for the yield at least as well as last
year. and the prospects for all other grain st bet
ter that the high and rising prices Of the last
months which thus stimulated production, have
also very materially checked consumption Is obvious to
everybody
| And finally regards the prospects OF the United
Kingdom, II will he remembered that the lrsh emer
gency with the consequent Investment Within Few
months OF eight millions sterling In supporting
entirely demand for grain food has been one OF
| the main of nigh prices here and, by conse-
! quence, elsewhere. This will not occur again. The
pressure will not in all probability be nearly 30 great
in the next year. and (Which Is VI more importance)
will be differently dealt with.
continuance Of high prices expect, and are pre-
pared for but yet Informed zee no good reason
for anticipating that the pressure Of 1918 viii be great
than, great, as that OF 1867 has been
hitherto.-London Globe.