The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1847-09-06


It will be observed that Of the grain imported in the
present year. Indian forms nearly half Of the
whole
The importation in the first six months Of ls47 ex-
Deeds that Of any previous year. This gives idea
Of the immense demand for breadstufs and the great
deficiency in the home supply The shipments from this
country and from the continent of Europe to England
since the 9th Of july have been exceedingly large not
wthstandng the great reduction In prices 1t noto-
rious fact that the prospect Of good harvest In Eng
land after series Of high averages instead Of repepg
foreign imports almost invariably produces sudden in
ux Of foreign grains from the conviction that unless
the holders who had been storing In foreign countries
in order to keep the English market sparngly supplied
that prices might rise to the highest points, should
avail themselves Of the present opportunity before the
crop into market they would have to submit
to lever prices both at home and abroad It IL the
interest of the importer In years Of scarcity all the
markets with foreign grain, until they have forced
prices up to starvation point. II Is pretty well known
that the markets Of England are regulated
by email cliques and that the most sxtravagaut and
untrue statements relative to prices supply &c. are
frequently put forth for the purpose OF initiating or de-
pressing the market It Is therefore impossible to
at anything definite decided relative to the corn mar
kets Of Great Britain It is principally the absence OF
accurate information to the supply Of bread stus In
England the state OF the crops 70 which led to
made by shippers this SIDE and the abrence Of
rect information, the other side relative to the i'm
mense supply Of breads'uns in this country and the
quantity likely to 60 forward that has produced the d
fculties under which this class OF operators labor
1t Is well known that parties this side early In the
season. made the most ridiculous statements relative
the probable surplus supply Of bresdstus the United
States, likely to reach market during the opening Of
navigation. These statements, emanating from what
WIS considered on the other sde pretty good authority
but which, on this side, considered very ridiculous
20 much so ss to be beneath notice. doubt had
great influence upon prices and the prime cause Of
the enormous imitation which immediately followed
When the actual extent of our surplus became known
and the mportations into Great Britain and Ireland
from this country became large a. to satisfy all that
the deficiency, whatever It might be, could be easily
supplied prices rapidly deprecated, and the bankrupt
cos reported became inevitable. Corn dealers on the
other sdehsve yet but the beginning OF the eud
Should prices steadily settle down. we see no help Tor
many Others as yet named but In the event OF prices
taking turn and advancing, many will be able to get
out comparatively easy Whatever may be the result
Of this paulc 1t will have very favorable influence
upon future operations at least for tms 1t may tend
to check the enormous spscuatcns going on In railway
shares and Induce ~ sIses 10 pause and ponder owe,
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