Loudon free press. (Loudon, Tenn.) 1852-1855, 1853-09-30
From the Mark Lane Express, of Sept. LIST.

since our last, and further important advance
has taken place in the prices. The primary
kcauses to which the upward movement is to be
attributed we have already more than oacc en-,
deavored to show. Months ago we predicted
that the result of the harvest would prove I'M
satisfactory in quantity. Our reasons for this
belief are not of recent origin; our opinion was
founded on the undisputed fact that not more
than three-fourths Of the land intended for
Wheat was seeded at the regular, and natural
period, and that the seed went into the ground
under very unflvcrable circumstances. That
the Spring Wheat sowing did little to compens-
ate for this great deficiency, that the greater
part of the Summer was cold and sunless, and
that similar weather had prevailed over a large
portion of continental Europe-these crcum-
stances we deemed sufficient to cause higher
range of prices than we had had since the first
year of free trade. We do not pretend to have
loreseen the extensive failure Of the crops in
Southern Europe, or that France would be COM
PEELED to import largely Instead OF exporting
We do not pretend to have forSeen the long pro-
tracted difficulties between Russia and Turkey,
and other matters, all tending TO curtail Our sup
plies; but as early as Nav and June we spoke
positively of the probability Of an important
rise in tie value of BreadstufIs. What subse-
quently transpired changed probability to GER
tainty. So soon as it became manifest that
France would cease to send Us the supply OF
Flour He had for several consecutive years been
in the habit of receiving, 1t was already, in cur
opinion, conclusive that prices here must rise.
The advance Which has taken place the last few
weeks we attribute mainly to the steps taken by
the French Government to protect that country
as far as possible against want. The suspen-
sion Of the deferental duties in the first instan-
theand afterwards the removal of tonnage dues,
indicated plainly lhat the statistical returns OF
the result of the harvest had satisfied the an
thorities of France that no time was to be lost
in endeavoring to secure all the Corn that they
could obtain by Offering facilities to encourage
importatons. We were not long in the feeling
the effect here; orders TO purchase Wheat and
Flour were received by every post. At first
the Hosting car-oes from the Black Sea were
cleared of; then considerable parcels Of Wheat
were bought on French account in the London,
Liverpool, ard other large markets, and those
who were previously incredulouS began to be-
lieve. France was not satisfied TO cOnfne her
operations to England alone; she soon out
bid US in the Black Sea and Baltic Ports.-
English merchants have been as eager to sell as
French merchants have been to buy; and whilst
the latter country has taken every YrecantiOn to
ouarl AGAINST scarcity, we have been gradually
allowing our stock to be diminished. What we
have previously bought on the continent we
have freely resold; and with the prospect before
rs of requiring larger imports than IN previous
season for years past, the facilities OF obtaining
supplies have been greatly narrowed. Such Is
our present position; there is no eXaggeratlon;
the facts are patent to all. l: is consequently
not TO be wondered at, that the unfayorable
change which has taken place in the weather
should have given rise to apprehension. We
are not in a position to form an estimate of what
proportion Of the Wheat crop Of Great Britain
NAV have been secured up to the present time,
bat we shall certainly be within the mark If we
compute that remaining out at twothrds.-
This week very little has been carried. On
Monday night we had heavy and continuous
rain which prevented carting on Tuesday,
On Wednesday there was dense mist and
damp atmosphere until midday. Wednesday
-~os te,le-,lly Thursday showery, with
gale of wind and heavy rain at night, which
continued on Friday; and at the present mo-
ment Saturday the barometer is low, and
there are all the appearances of more wet
The grain which may have been carried this
week must have been got up in Indifferent con-
dition; and the hopes thus far entertain d, that
the superiority of the quality might in some
measure compensate for the shortneSs of the
quantity, have, therefore, been greatly weak
ened.
The rise in the value of Wheat at the princi
pal provincial markets has amounted to from IS
to 6s T Or, and quotations are now higher than
they were previous to the unaccountable reac-
ton which took place the first tOrtKi ght in the
month. The portion of the crop secured be-
fore the fine weather broke up, is of superior
quality: in the Uxbridge market some samples
have been shown weighing G5 lbs r bushel,
and we hear of high weights from other parts
of the country. Should the weather now clear
ND and become settled the damage mi Eht per
hars not be great; and as the yield of the Lent
sown crops not complained of farmers might
with the adyanle prices for Wheat still Go tole-
rably well; but continuance of wet would
prove trlly disastrous.
Much less has been heard about the Potatoe
disease the last few weeks than earlier in the
season, from which we are disposed to believe
that the disorder las not spread so rapidly as
was feared would have been the case. That it
is less general in Ireland than this side of
the Channel cannot be questioned; and as the
crops of grain are reported TO be good in the
sister isle, we NAV hope that the produce Of
food there may suffice for the consumption OF
the country, and that England will not be cal
led upon to furnish supplies to Ireland.
The arrivals of Wheat coastwisc into the port
of London have been small, viz: 2,565 qrS., and
the quantity brought forward by land carriage
from the neighboring Counties has also been
unmportant. Part of Mondays supply having,
however remained unsold on that occasion, the
Essex and Kent stands were toleraby well pro-
vided on Wednesday with samples. Factors
appeared very Indifferent shout realizing, and
refused to part with what they had to sell, ex-
cept at a rise 5. per Or, which the mllerS were
unwilling to give; hence little actual business
was done The unsettled state Of the weather
led to a further enhancement in the value of
Wheat on Friday, and that left over from previ-
Gus receipts was ultimately placed at rates IS.
r or. above those current in the beginning of
the week. The supply of Wheat from abroad
has not been large; the quantity reported up to
this Saturday evening amounted to only "a
442 quarters.
The town millers have throughout the week
conducted their operations with considerable
caution; but having had some country demand,
and a good spirit of inquiry, the aggregate
amount Of business done has been Important
The sales made on Wednesday we're at adj
vance quite equal to that obtained on English,
on Friday there was more doing though fur
Their improvement of Is = or. was insisted on.
Moderately good red Baltic Wheat, weighing
81 lbs. z bushel, sold on that occasion at Cos;
and for cargo Of fine Wolgast just arrived,
64s. z or. was, we believe, made. Polish Cd