The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1847-04-30
Public Debts OF tho states-Improvement In
their Finances.

The financial condition of our State treasures
10 likely to be materially improved within the
next year. All the works of internal improve
ment must be highly productive, on account of
the large amount of produce pressing forward
from the interior. They will be, without doubt,
filled to their utmost capacity with breadstuffs
coming to market, and we shall feel the want of
facilities for getting produce to the seaboard be-
fore another winter sets in.
The financial condition of New York, Penn
ylvania and Ohio depends very much upon the
revenue from their public works; and the canals
OF the last two have heretofore produced a very
United income, compared with the interest
.I cir debts, any increase in their productiveness
a matter of much importance to the bond
'"rs. II is our impression that the revenue
a,a cse works this year, will exhibit an in
cgsa-a ol that of former years, greater than has
heretofore been realized.
Prices for all descriptions of breadstuffs are
SO much above remunerating points, that every
surplus bushel of grain in thel interior will be
urged forward, and the receipts at the seaboard
markets this season WILL without doubt, exceed
any previous one. Various estimates have been
formed relative to the probable amount of the
surplus which We can spare for expectation, most
OF which are very extravagant. We have ex-
amined the subject very carefully and from the
best data in our possession, such as the official
reports from the patent Office and the best esti-
mates of consumption, we should Judge that
there will be from last years crop surplus of
about twenty millions bushels Of wheat and
forty millions bushels of Indian corn for expor-
tation.y About one half of thisl has already
been exported, and the probability is that full
half Of bo1 ha hot
this and the first of September next. The ship
msnts of other grains have been and will continue
TO be, very limited compared with those ofwheat
and Indian corn.
The expectation of such large amount of
grain, and the high prices realized for large
per cent Of the shipments, cannot but have very
favorable influence upon the prosperity of the
country generally, upon the producing classes
particularly, and through them upon the fnan-
cial condition of the Western States. The abb
eence of an extensive foreign demand for our
agricultural products, has kept prices so much
reduced, that the producers generally have had
pretty hard times, and the improvement both in
prices and demand has been perfect god-send
TO them. The external demand is likely to con-
tinus large for some time; and if prices keep up
in the neighborhood of current rates, the agri-
cultural classes will soon be relieved from the
depression which has so long weighed heavily
upon them.
The season is rather backward, but the weather
is favorable for our winter crops. Corn has not
been put into the ground yet in this part of the
country, but there is plenty of time, and there is
every probability of very large breadth of land
being appropriated to that crop, on account of
the high prices compared with other grains.