Richmond daily Whig. [volume] (Richmond, Va.) 1842-1861, 1853-10-24
BR OBSERVATION-DISCLOSURES


The Markets.
decline we see is &c lcrally reported in the grain
markets From Europe we have various reports 10
that effect. At the time it is represented that
another advance had taken place, but just at the pc
ROD of the departure Of the Asis rumors of de-
cline arc sent forth. Those statements, It appears
have had their effect upon the markets Of this
try in producing fall in prices. They may bc
rect; hut il would be well for dealers in hr,aIS;uS to
consider how far they should be relied upon as cvi-
dencc Of any real or permanent decline. II cannot
be owing to any further information contradictjng
the lrmcr OF scarcity in thc foreign crops
No such news accompanies that Of decline in the
price Of bread tufts !: is directly TO the contrary
that an almost every case the result proves worse
than anticipated and it is nearly certain that the
deficiency in wheat will be much third thar
a fourth aS compared with go)d average Seasons -
On that Scorc then, cause can be to produce
a decline. The news is certainly not of n char
artcr t. have that eject. Ii is rather remarkable
then that the prospects Cor war become stronger
and when represented that the previous announce
mcnt of the declaration of war is confirmed it should
be attended with a fall in the markets. Such is 10y
no means, a reasonable consequence. The rumcred
declaration OF warmay he doubted but not on grounds
sufficient to bring down the rire of brcadstulls,
pccially when is apparent that the rise not Gc-
pendent much upon the probabilities Of war,
upon the certainty of a short crop throughout Eu-
rope For Our part, we cannot see any satisfactory
reasons for this reported decline, and we indi,
pos,i % consider It permanent, if really So The
market will of course, DC subject to luctuston at
time lac this hut j; likely to Ice produced 10y
rumors st ialoat by SPECTATORS than any other
cause.
We copy below an article from the London Ship
ping and Mercantile Gazette Of the 7th inst, which
throws some light on this subject. 1t will bc seen
that the deficiency Of the European crop is reported
to be greater than was anticipated. We have seen
other articles in the foreign papers giving different
accounts. The remarks upon the influences Of the
pressure in the money market upon the prices, are
entitled to consideration That cause would very
naturally limit .hs purchases and prices - ipr "a
the qultiry brought forward suilires tu satisfy the.
consumpve demand Foreign purchasers arr una
Die therefore to buy more al this time than tia, i'm
mediate wants require The causes enumerated by
the Shipping and Mercantile Gazette, promise to en-
nance the prices hereafter.
FROM the London Shipping AMI Mercantile Gazette
Anything threatening diminish the imports into this
country is under existing circumstances calculated
have material influence prices hereafter thc de-
Gcency crops is but well authenticated 10
allow hope that ~hal be enabled to provide Tor
goety increased consumption without substantial aid
Prices OF wheat having, howcycr. already attained =.
height that few prepared expect Guder free trade
buyers have become exceedingly cautious, ghne-~
in the market has also had it. influence and there
is cctu MS ;tlc d- on into speculative
e,tua"ut- grain. So long, therefore a. the gia'i
t. brought forward ,uicc- satisfy the cousumptvc lc
maud Plut'uuu' will probably undergo no nirtarirI
change, btn case te Eastern question should not b.,
specify settled, uga' yet further enhancement Ia
quotations
We have nothing fresh communicate With regard TO
the yield OF wheat, the reports Hch have reached u
this week, from those who have tested the produce las
trasinc, TO the effect before; in almost vcrv
tie result proves thau anticipated and il +,
nearly certain that the deficiency ia wheat will be 10 uch
nearer third thsu fourth, compared with COOL av
eTage seasons.
The heavy rain of Tuesday and Wednesday appears 10
have been general al. the kingdom aud T.. Tough IN.
quantity Of corn abroad l. very large still good
deal OF spring wheat which might under more ia
fUrube aU-pcc have been secured ia torrablv fair order
has now been rendered unfit for human food FIrlrr-
had commenced pIoughug the lard preparatory 10 au
tumu sowing, but the wet has compelled tenn 70 SUSPEND
all kinds ut out door work. Tuc humidity of %. amos.
phcrc las also been uu'avorablc tor tra~hin and tie
devere- q Whcst ut markets in tie Agricultural districts
have consequently heen ON quite q retail scale
Few carEoes OF Black Sea wheat have arrived or &, e.
coast, and Ter those very high have been asked.
For csrr"c1 passage advance Of j. 20 p per quarter
has been d.'nan!el since the announcement oi c de-
claranun OF MAJ on the part OF Turkey, had become
known here. The prices asked for wheat lrec on board
at Baltic ports, have been high allow Of
The toJ price OF Hour has been steadily maintained
and there has been good sale for household. few
thousand barrels have been received from Amots: mod
crate qualities have brought @Gs. @s aud hle igs 20
49,. per bbl