Richmond daily Whig. [volume] (Richmond, Va.) 1842-1861, 1854-05-17
Wheat and Flour 10 the West.

Reports were constantly coming Atlantic markets
during the past winter Of quantities. Of grain in
store throughout the Western States and which would DO
thrown into market navigation opened this
Spring Those calculations have not been realized thus
far for the amount Of grain received from the West has
been comparatively small In place Of the arrivals having
tho effect Of creating dec line in prices Il turns that
there has been enough brought to market to supply
the immediate demand. Spectators, doubtless had
haad in putting the reports Of such immense qusu
ties Of grain on deposit in the West. Different
accounts como from there now. We published an
article few days ago the grain trade of the West from
Western paper, going to show that Il mistaken no.
tiou about their being any large supplies Of grain in that
country. We fpd the following in a Western paper of
late date, which may throw some further light on the
subject:
"The past week has been great anxiety and wopld
have been one Of great excitement had circumstances
tended to depress it, The several breaks on the Wabash
Canal dminshed the receipts Of corn while the small
antilles Of four and wheat arriving hardly allow of no.
atiop. During the last fosr weeks flour has risen Al ner
oo wheat soc blu, and loo per bu rise unpre
cedented IN the history OF the last 6 years. starting from
high existing basis of prices. The conviction hs,
strengthened and grown into certainty the mind. of
most operators that the whole quantity -four and
IN the whole inteFior 10 cme forward very limited com
pared with former Tho usual effect Of sudden and
decided advances Is TO bring the secluded nor
lions 9th country and from AL the grsnsres where IL
has been held ior higher prices quantities ,ha, asonsh
ed the pablo, aud sometimes large as to arrest n.
advances and react upon holders At this uncture
such elect has thus far been experienced only u yery
slight degree.
remarkable feature in this crisis is the grcs, dis
crepancy IN relative prices OF wheat and corn compared
with the actual value. While the nutrstve qualities of
corn must be four hiths great those Of wheat il
bringing but one-third of the price, We have no doubt
that the operation osubsutng corn for wheat in domes
tic consumption in the interior is going Oh quietly and
that ye. wheat and -four will in respectable
quantities where it is not looked for
1T certainly subject Of congratulaton to the farm
ing that true and real harvest has at enp,h "
rived For years there woro large sections Of country
wnere tue crop did not pay the Of production on the
lowest estimate OF the value OF labor. We have pur
chased wheat in Western Michigan 81 l.e and 4oc
and hard bargain at that in localities where now com
mands four times that price. We have known farmers
discouraged With the prices and prospects flour and mar
ket their own wheat when il did no, ct them over soc
per bushel. cost at least so and often 6oc We
think that which at this moment remains 10 the hands OF
farmers will bring three times its At the same time
most articles OF consumption from abroad (the number
and amount OF which is diminished the country is more
thcky settled and various branches OF Industry multi
Pied are greatly lessened in to the consumer"