Richmond daily Whig. [volume] (Richmond, Va.) 1842-1861, 1853-10-12
Review, Of The Corn Trade.

The weather has for days past been Of the
unvourable character heavy has ALLEN in all parts Of
the Kingdom and complete stop has been put harvest
operations. What may be the result Of this untoward
state Of things is fearful contemplate The quantity
OF st abroad in the fields considerably and there
is to fear that large portion of the sprngsown
wheat will be properly matured. Should this unior-
tunatcy prove the case the deficiency would be much
serious than We had previously estimated and the
prospects for the future certainly OF the gloomy
nature Under these circumstances is not surprising
that the depression which caused by the large arrival
Of foreign wheat last week should have proved but
tory especially the demand for wheat for shipment
Francewhich checked 10y the steps taken by the
Government Of that country about fortnight ago, in
gard to the prices OF bread in Pashas again revived
We are not in the habit OF taking extreme views in.
deed We have been frequently accused OF an excess OF
caution; but in the present instance readers will
knowledge that have for months past pointed the
probability ct high range OF prices for wheat This We
induced TO do solely account OF the knowledge of
the maucss OF the breadth under culture and the gene
rally inauspicious nature of the What has since
occurred could not be oresecn. That large portion OF
the crop should be injured by rain, and remain in the fields
in the middle Of September has greatly added dill.
cultieS, aud i; is almost impossible to fix limit
the upward movement in prices.
Ii Great Britain had alone been visited by bad harvest
the effect prices would probably not have been impor
taui but unfortunately the seasons have been much the
same over the greater part OF Europe. The countries
which IN ordinary would have been enabled to have
afforded supplies themselves IN of assistance:
and apprchensve have many OF the foreign govern
meats become Of dcarth that the laws regulating the
portaon aud expectation have been altered restrictions
have been relaxed wholly withdrawn, and ex-
ports have been prohibited Great Britain France Hol
land, Italy, &c, all require supplies In the countries
bordcrcd by the Baltic stocks Of old wheat either
hausei or reduced into very compass and sup
plies of heuew crop cannot be available in quantity be
fore the spring Of wear The Rye harvest has turned
out badly all the North OF Europe and the potato
disease is very prevalent the consumption OF wheat will
therefore be greater than usual and there will be less to
spare r export Under these circumstances il i evident
that what let the produce OF last year. and the small
quantity Of which may come forward the different
Baltic ports before winter in will be quickly absorbed
BUYERS from the different countries requiring supplies
and i TO be feared that our share Of the will
he very large, as France has Tor some time past outbd the
English purchasers. The next quarter to which nsm
rally turn in this emergency is the Black Here again
difficulties
engaged in the Levant trade and u whom have FIRE
quenty been indebted for useful statistical information it
stated that during the month ending 2dh August 2.
vessels whsat-laicn cleared for different 9o-s OF
which only were destined for England: whilst OF tie
shipments made IN the corresponding period OF last YEAR
about the In cNtcnthree iolrlhs Of the total mum
Der o; ships for British ports THIS proves that Ia,
quantity Of wheat on passage from thence be large
The obstruction 10 the navigation at the mouth OF the
Danube will prevent arrivals from GA,A.. gai looking Al
the imminent peril OF breaking between Russia
and Turkey il would certainly be safe calculate OF
ANYTHING iSe the supplies usually receive from the
appears therefore that shall have 20 depend
mainly supply OF 5reaistuis the United State,
aud Canada Previous experience has proved that America
cannot general rule, export largely unless prices in E
rope caty high the expense Olconveyiuc
the grain from great distance in the interior TO the sea-
board WAetacg present rates will suffice FOR this NAV be
questioned but allowing tat this be the case are in
clinei think that all that country spare will prort
inadequate stop the upward movement in the British
and French maTAets The position OF this country j.
therefore in TRUTH such the remark we have
made in the Foregoing part OF the present article, viz
that Is difficult 20 ia limit the advance which NAV
take place in the value OF wheat Fine weather Tor ,ecur
in. the remainder the Outstanding crops and an anca
bic arrangement Of the Eastern question, might give
somewhat better complexion aars but looking AZ mat
they stand there l. apqrchend that
large portion oi the population u, during the Ensuing
winter have to suffer from scarcity and consequent hig
prices Of food.