The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1854-11-28

proportona6ly much more than ITS actual amount
for several weeks past affords clear explanation OF the
rise which has taken place in the price Of wheat
IKE snsculstop or forestaine in the market such as
some journals have ascribed to the corn dealers The
only speculation is, that the importing merchants
reason Why they have imported more Ia. that the
price which obtained here and abroad in September
and early part Of October made it more profitable to ex
mort than to import Now prices have got 20 high
that Rostock wheat be sold for 92s the merchants
wi NO doubt import wheat II II can be got in any
part Of the world but perfectly clear that consider
been sos Sd in the last week Of Octoberwas ndispen
sable TO enable the merchants to bring from abroad
The average price was 62s a. The price of prime white
Genesee wheat in the New York market is 81 lie.
per bushe and last year it was 81 6lc making diff
ference Of price at the two periods and two equi
valent TO las favor OF the importer into London In
1853. There is in this fact all sufficient why
imports we're large then and have htterly been very
small 1869
We may take the difference just mentioned between
the price Of wheat in New York last year at this time
the rise in the price of wheat in all the foreign markets
Ssidi wheat-a very inferior artclesod in Alexandria,
for s 3D. Is Rss in II. % 80
countries, and this year they are higher Without at
tempting to specify the average rise in price in the TO-
reign markets. it Is certain that such rise has taken
place, and the price 10 now everywhere considerably
above the average price Of the years Immediately prior
and certainly in France, Germany Belgium, and Eng
land, good--much better than the average.
or the harvest in the United States the reports
contradictory; but inclined to suppose the
whole it will not be much worse than an average.
Nevertheless throughout these countries aud through
out the whole commercial world, there prevails very
high price. Oorn, particularly wheat Is everywhere
scarce and dear and from Naples to Prussia the
mcnts somewhat alarmed for the subsistence IF the
people. The coincidence Of abundant harvest and
high prices is confined to England; il prevails
generally. What is the caases There on this
subject great differences of opinion. The Steele and
4lla Nsus< truua onsa tn Shnur hat
! II arises from = great increase OF consumption
throughout Europe without corresponding increase
OF production. Other journals contend that the in
crease of consumption has been going on for years
that prices with moderate crops have remained low and
that consumption large last year, with very bad
crops and the price was only small degree higher than
now and therefore, that the increased consumption Is
not the cause Others again refer the whole difference
the Leaving the influence of the latter cause for
the present entirely of view, say u few
words in defence OF the opinion that the rise in
price is mainly caused by censumpton having oGtrun
Those who deny this seem US to overlook great
principle, on which mere enumeration Of the quar-
| places throws no light The labor Of the husbani-
man, rhe rule, ySels much food than he and
his family need The agriculture of every civilized
country feeds great many moro persons than the cu1
tivaorsof the soil 1t has, too, the popularity the
\ art improves Of yielding more and more produce
TO equal quantity Of labor that the agricultural
population OF any gvea country only as
sequence OF the increase Of manufacturing CONNER
cal OF professional population creating demand for
an additional quantity of subsistence The farmer grows
corn to sell it, The impulse to Improvement which arises
from an increase of peopete handspring Of all social
Progressively reaches the agrculturi- through the
mands OF the nonagricultur.l population In the last
4 few years combination of causes-improyements in
commercial policy, dminuton in the cost OF convey
anee facilitating exchange the discoveries gold in CAL
| ifornia and Australia-haye given great impulse to
the progress ofthe commercial and popu-
iaton Between 1s4s and 1853 exports quote
example increased in value from f52 $40 AS to $685.
sS3 ISL or veryneariy &c per cent In the period
Int he Of 1cst
years OF whcrour trade and the trade OF the United
states may DO taken rs index, all Europe all the
! and France has much increased. 80 much as
| the trade of the two Anglo-Sax0n States. Inc in
crease in the first instance if not hitherto nearly
fned to the mercantile, manufacturing, and carrying
classes consists entirely Of those classes and
| their wealth. On them the stimulus of free
trade facilityof accumulation the gold discoveries
&c, first operate and only they increased in nun
bers and their wealth increased could any
demand arise for agricultural produce or any stimulus
have come into existence to extend cultivation. Were
the stimulus ever so rapid in its operations the
of subsistonceus necessarily xfter the
demand, and II must take at least year. If not
vera years before rapid increase the manufacturing
and commercial classes. and in thcY wealth. can b.
followed BY corresponding increase ia agricultural pro
! duce.
There can be doubt whatever that very rapid in
crease has continually taken place the shipping, in
the manufactures, and in all the -agric uitural In
dustry OF Europe sine. 1s4s creating great .leai OF al
dtonai wealth, 70 be exchanged for agricultural pro
J duce, asd creating great demand f1r It
With ibis increase agricultural industry and produc,
have not kept pace. The population and enterprise
Europe have attery run to to trade ant
Ia emigration Till the last year the2e nogreat rs
Of preeso induce an extended cultivation. and then th
rise wasattributed to bad harvest and supposed
temporary. Governments which are On general very g
norapt OF all such circumstance have pointed out
have taken to redress the disturbed balance
fivation have aggravated the evil, and hence ii ha
to that throughout Europe high prices exist
with abundant crops. They the oonseq of
great additional demand for food by the mons gricu
tura classes which the necessary slow progress agr
culture in long settled countries has ss vet
| the agricultural classes from supplying.
These observations do not include the effect on prices
whatever 1t be, or the increase of gold considered
currency but only the effects of the increase the
numbers OF the manufacturing and commercial
and the increase in their wealth. new demand has
arisen for agricultural produce, which in the order
preportionate general deficiency of food arising from
great developsncnt of the agricultural portion
ccty Now without temporary check, there is every
probability 81 the Development continuing. We con-
slider the doctrine therefore, that the high price
porary to be aught with evil 1t tends to check that
development Of agriculture which the high price would
be otherwise sure to ehest, and which is necessary
to provide food for the other and rapidly developing
parts Of society. That the prices in marke. may
for the moment be shilling or two higher than Is
necessary, though the continual rise does not show
this TO be the do not deny but the coincidence
OF high prices with abundant harvests throughout Er
rope shows Enthusiastically that food required
The developement of commerce and manufactures
government proposes to stop Each government pro-
poses as part OF its policy To increase the
and manufactures of its own subjects. On the deyelope
mento of certain non-agrcutural classes, all those
Dected Ia any way with the fne arts, almost every
government lays great stress To place obstacles in the
way Of cutivating the ground not to remove them
while the dcvdopemen Of all other permitted or
encouraged is to the hazard Of bringing famine
aud luton To stop, the governments Of several
parts Of Europe trying to stop the full effects Of the
short supply of food in raising prices aud stopping
in the end The extension of cultivation, synonymous
with sedestruction and the destruction of their peo
pie
Trial Of DIR. MN. b. Thompson for the Mar
der OF Miss Pharr.
DEATH OF Mr.. PgARR, FATHER OF THE MURDERED
GIRL.
The Richmond .D:spatch OF the 23d inst contains re-
port of the evidence, far taken up Wednesday
last. in the case of Dr. William B. Thomson cbarve