The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1854-09-04


In another part Of to-dsy's paper win be found
number Of extracts from journals in different Sec
tons of the country, from which some idea may oe
formed Of the extent to which the fall crops have
been injured BY the unprecedented drought which
has marked the season just closed. There IL no
doubt that great nu.nber Of zelda Of corn and po
tatoes in some Of the States particularly in Virg-
MIA, Ohio, KentuF Ky, Indiana and Michigan, will
nearly II not qvite fail. Many fields of corn win
hardly yield return of the seed, and but small
proportion o. winter fodder; while Others will only
produce espectable show Of 81 ubbins," which
descript@A Of corn ears generally find their way to
Ine Pigs eyes. Tho greater proportion OF potato
nelds the above named States will not produce an
aggre gate yield Of more than half the average, al
snou Oh there are some Of late planting, which
W. probably turn oug handsomely. In most of the
y Juthein States the drought was not SO severely
felt, and we hear Of unusually large crops Of
corn nthat section, and good average yield will
also be had on the bottoms Of the Ohio, Upper Mis-
sissppi, and Missouri rivers. In the Northern and
Eastern States, although the dry weather has been
very trying upon the fall crops, We have heard Of
very few complaints compared with those which
have reached us from the West, and we think we
can safely anticipate for corn and potatoes in this
section, yield which will nearly IL not quite COM
pare with that Of previous seasons.
No description Of weather. unless 1t should be at
tended with premature frost can now affect the out
standing crops II is too late for rain to be of the
least service, and they are 30 far advanced In the
ripening stage that continuance of the drought
do them but very little more injury, that the es
mate of the damage can now safely be made. 1t is
our opinion, based upon the general reports which
have reached us from all quarters, that take the
country through, neither the crop Of potatoes Or
corn win fall over one fifth short Of the average,
which win be more than made up, on the part Of
corn by the thousands Of bushels of the crop of last
year, which now lies in store waiting for market.
Prices no doubt will slightly advance this fall but
not to the extent which numerous croakers about
crops would have Us believe. The price of pork,
too, win no doubt be affected to certain extent, but
as it is already very high, the western packers will
have to be content with smaller profits, or their sales
will be more limited.
The crops Of wheat this year are unprecedentedly
large, not only in every State where wheat is
raised, but throughout the Canadas, where also
it is said they will have surplus Of fully twelve
millions Of bushels to look abroad for mar
ket, and as by the new reciprocity treaty,
the grain and -four Of Canada can come into
the United States duty Free large portion Of the
product Of the provinces will come in competition
with our own productions. At least txo-thirds Of
the farmers Of the West have nearly doubled this
year their usual crops Of wheat, and we think we
safely add quarter to the crop of last year
to make up the aggregate of this.
Upon due consideration we cannot but think that
before the close Of navigation during the coming
fall, both wheat and -four must experience marked
decline in price; and this opinion Is strengt
by the fact that large quantities of the crops Of pre-
vious years, which had been lying in granaries
waiting for rise, came into market early in the
spring, and are now lying in storehouses in tie
shape Of -four, which must be forced OF this fall
with the new crop, or suffer great depreciation in
quality If permitted to lie over. Nothing, we
think, can preserve the present prices but greatly
increased European demand, which We can now see
no reason to anticipate.
4 The millers Of Ohio, Kentucky, Indiana, and West
ern Virginia are now paying for wheat one dollar
and twenty five cents per bushel, which they look
upon as very extravagant price; but when we con-
slider the profits they manage to accumulate in turn
ing the wheat into four the basis of their complaint
crumbles away, and we find that the farmer, at the
0OVvC opp01Cnuy OAUIUAsout pIlCt lUE Wucdt, OOeb
not receive his due proportion of the money which
is paid for -four. Flour il now selling in those
States at seven dollars and fifty cents, and we win
allow five bushels OF wheat to barrel of -four, which
generous average, as there are great quantities
Of wheat which viii yield fortyfve pounds Of super.
fine -four to the hushel We will then find the
miller's net profits in the following comparative
table,
Expenses. Receipts
Five bushels wheat. SO IS One barrel -four. so
Price OF grinding..... go n barrels BRAN. $780,. 10
Cost Of bsrrei...... IS "a lbs. shorts. IL
Total...........$7 Is Total. ......,$ s. go
Is
Ainers net proht.... .".................G 90
BY this, it win be seen that the millers, besides
receiving their regular tariff for grinding, are
making one dollar and sixtytwo cents on every Eve
bushels Of wheat they purchase, which viii show
to some extent the cause Of the present high prices
Of -four. The price Of wheat is thus entirely regu-
lated and controlled by that Of -four, while the far
men, who begin to look into and understand the
movement, contend that the cost Of wheat should