The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1850-08-19

1t will be seen by this that there an Increase in
the receipts Of the four leading articles OF breadtuds
for the second week in July with the
pending period last year. There is yet, howcvsr,
great deficiency, which will reqsre great many
sstivs weeks to make up There 10 no doubt, judging
from present appearances bat that bsfore the close
oil September, the receipts will be in excess Of last
year, and from that time out tbs increase will,
without doubt, be go rapid that the aggregate at
the close will be much larger than In either Of the
previous two years Prom all the accounts re-
ssiv.d from the West, there Is no doubt but that
the havests throughout the country have been more
Abun dani than ever known before The wheat crop
has been far housed that it is beyond danger from
vet In several instances large lots of outstanding
grain have been injured, and perhaps destroyed, by
continual moisture, but compared with the aggregate
product, they OF no consequence The yield both
IN quantity and quality this year, will probably exceed
ahything ever previously realized and nothing
10 prevent prices from touching verylow points Indian
has not Jet been harvested to any extent, and
cannot therefore, tell what the product is likely to
be- The seassn has been particularly favorable for
the growth Of corn and II nothing should happen 70
destroy the plant, the yield will be immense. We
form very cerreo. idea Of the probable extent
OF the aggregate production OF sresdstuas In the
United States without some event to call 1t out Low
pricea not calculated to bring out the surplus So
long prices rule low the farmers only bring just
enough to give them the to provide for their
immediate necessities, but the nsmsnt anything ocs
ours to put prices up produce becomes active, and
the drain extends isto tho rsmotsst corner Of the
Western country. The Immense quantity Of bread
stuGs brought out during the year 1877 sstonishsd
every one. No enc supposed for . moment that such
enormous amounts of grain were stored away In the
Western gransries, and the receipts therefore
startling At that time, grain brought out which
had been hand years. and but fer the prices thea
ruling, might have been on hand yet.
The demand for breadstuns for sh Dmsnt since 1s4T,
and the early part Of 1s4s has been limited compared
with ability to supply, and large surplus has
sumslstsd In the hands Of the producers. The crop
supposed to be short last year but that
would soon have been removed had there been any
thing to have inflated prices Nothing transpirsd, and
the supplies from the interior therefore moderate
IL Is likely to be great deal this year. The great
yield viii increase the receipts % tide water this
season for 1t win take greater quantity to bring the
value than 1t did last year; but when consider
the abundant hsrvests, do not believe the agSrs
gate receipts this year viii b great comparatively,
last. The prospect Of any improvement In prices
a at present. very poor. without any external de-
nand Of consequence, We cannot expect 10 sustain
current ratcs; ana We have nothing TO depend
upon but the domestic demand for consumption,
must be prepared FOR very iov ass. Of the market.
At low points speculative shipments 10 some extent
may be made not % much With the hope ofpront bat
FOR the purpose Of relieving homo markets Of an
supply and preserving . more healthy state Of
things at home, by making moderate sacrifices abroad