New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1850-05-13
BreadsfuHs.

The Chicago Tribune thus sums up the supplies
of Breadstuifs in store, Of the last years harvest
The amount OF produce arriving by team is very
small, not averaging fifty bushels per day. As we
have repeatedly stated. the country is bare Of
plus produce of every description. The same may
be said Of the entire Northwest and West The
late rise in the Upper Mississippi furnished oppor-
tunity to send forward all that in store along
the river and the high prices ruling in the St Louis
market, without doubt has drawn it all out. The
receipts from that source, combined with the arr
val of several cargses from this city, has had ten
dency to induce dealers there TO believe there is
not great q scarcity as had been imagined, and
under this impression prices had very slightly de-
clined at latest dates. This, however, will be but
temporary, as both Flour and Wheat must 20 up
beyond any previous rates in the st Louis market,
prior to harvest We notice falling Oft in the re.
ceipts Of that market, within few days, from 1870
$4,000 bu per day, 20 about 5000 The last amount
covers the average daily receipts for the first three
days in May. Private advices inform US that even
the mills the upper Mississippi had sent forward
their stock of Wheat. 1t is not likely there can
be much left behind mistaken idea of the guam
tty in store here and the idea that it would all 90
South has had the effect of keeping down prices in
the st. Louis market. But when it is known that
stock has decreased TO 10000 a us 900 bu, and
that there is prospect Of that going East, it can
not but have decided effect upon Southern prices
1t is almost equally certain that prices will al
vance in the eastern mark cts prior 20 harvest The
extent Of the scarcity in the lake region has not
yet been fully realized in New York. The Canals
are open and the decrease of receipts as com.
pared with previous years, will bring this fact fully
and unrnstakaby before the dealers in breadstuls.
Ii is expected, however, that whatever this def
cheney may be, will be supplied by Canada Flour,
now in bond at tide water, and further receipts
from the same source. Whether il is Mt all proba.
bic that this expectation will be realized or not, is
matter Of much interest TO holders here and one
which they should fully determine before closing
off their stocks. Our own opinion IT, that the en-
tire deficiency cannot be met from this source but
we must confess that our meaFs for ascertainiag
the facts in the case are too limited TO Justify US In
claiming implicit faith in that opinion. Parties in
terested will determine this matter for themselves
with the aid of such light as they are in pos
session OF.
Last year, from the opening of navigation up to
harvest, there were sent forward from Lake Mich
igsn ports, about 3, 277 500 bu Wheat This year
should ell the shipments to be made prior harvest
take the Eastern direction the amount from the
opening OF navigation TO that time will scarcely
equal 100000 bu. The falling of on Lake Erie
will doubtless be proportionably greater. From
the Toledo Republican, We learn that the decrease
in receipts OF Wheat at that point for the month of
April, amounted 10 70, 427 bu. being 27,2ls this
year, against l066lJ bu. the time last year.
The receipts of Flour during the same period last
yeer amounted to 25 POS bbls this year to 706 being
a falling Off of "a 557 bbs in one month If this
be fair criterion by which to Judge OF the remain
ing ports on Lake Erie, We are surely not far
wrong in the above opinion. 1t is also well un.
derstood fact that Western New.York is az far
short OF her usual surplus as the Lake region. In
the face OF which facts, We think we do not hazard
great deal in concluding that Canada cannot sup
ply the extraordinary deficiency.