The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1854-08-20

vm b rsmembered-bosA BY The wtist who was
hns honored, and the audisnce Which thus sxpress-
e IL sentiment Of long, an a.duous, o00scieu.
tSeus and brilliant career-for many long day.
That Grisi csn ever forget the public Of this country
e mprobahls a. that abe herself can be forgotten.
The Eurspeaa Corn Trade.
Irom the MARI Lane Express August ~
The change which has taken place in the weather
Sss%e 70 the showers s n the
eNH Part Of the week partial; bat few districts
have wholly escaped; and the rain has since become
socS deal laid aud otherwise injured Should period
q settled dry weather succeed, the mischief might
perhaps not be serious, but it mus. be confessed
that matters are now in somewhat psecarious po-
ation, and that great injury might result In case
much more vet should be experienced. In this p0-
sition Of affairs opinion a. to the probable result
Of the harvest cannot b safely ventured on, and
in point Of quantity We think there is fun average
OF wheat well Of spring corn wet we ssher for
any length Of time might. however. greatly DO
tract nom the produr BY waste and damage. We
regret that any thing should have occurred to cloud
the bright prospects which the appearance OF the
fields presented only week ago: the change has
been most unfortunate; but we are not inclined to
have been lodged aud twisted sbout but an interval
Of dry, settled weather might yet set matters
right. We certainly considered the late panic I'M.
called for and endeayored TO prove that spco was
to the other extreme, which may De equally
dangerous Every thing must depend on the weather;
should it prove tolersbly suspicious we might yet
TIE range Of prices would undoubtedly be much
lower during the next twelve months than it has
been since the autumn Of 1853 We pointed out last
was some what premature TO conclude that ali danger
was over before reaping had well been CONNIE need;
and the altered tone Of the trade this week shows
that our opinion not i'll founded. At several OF
per quarter within the week, and buyers have shown
as much anxiety to purchase as sellers did last week
70 realize. Fluctuations about this period not
more sensitive than in ordinary times, i'm con.
sequence Of the acknowledged shoItness Of
stocks. That lags quantity of foreign
wheat and -four is still remaining in the
warehouses Of Lon don, Liverpool, &C., Is an admit
ted f. t. But what do farmers hold2 How are the
mirers and bakers in al parts OF the kingdom
situated in regard to stocks and what are our ex-
msnthsf Those who know anything about the
tssde can have no difficulty in answering these ques
tons. As guiee to those who nave not examined
into these matters, we wouli draw attention TO the
sales Of Ecelish wheat during last week, as pub
ksbed officially on Thursday: the quantity sold at
the towns returning the averages was Al ,55S quar-
ters against 81, 469 quarters in the corresponding
week OF iaSJ year. luis, must DC rcCOuecteO, WAS
during the week Of the finest weather we have
had, when there could be no inducements to
hold back supplies. Next, as to the state
Of the stocks In millers' and bakers hands,
We can only az Ewer our own question by inference.
When prices have gradually given way during Pc
yiod Of two or three months, and when it has been
found an advantage to buy only sufficient for imme
date use has been tho case during the whole Of
the period Damfd. II is, to say the least, not very
probable that on the eve Of harvest, hieh, untl
within the last few days, promised TO- highly ia
Hands, which the millers and bakers have unques.
ably had, would be large holders. We next cone
1osfhe probable extent Of the future arrivals here
We must again look to probabilities. Starting with
dnt one on the continent, and that the ship
Ments have. nevertheless, under the induce
nent Of very high prices in the British markets,
ss2 ususo, h We may T .s.t tn1 IN give
are all but exhausted, and that no further exports
q moment can take place uatil the new produce
shan have become available. We have no disposi-
hasd, We consider OURSELVES bound to afford af the
Information Ia our power 60 guard against ground
less panics. fall fiom the high rates current for
the hast twelve months was to be expected, and
present quotations may be too high II the crops
eAcnd be moderately well secured; but We are
inclined to think that the almost total exhaustion
Of stocks consequent on the exceedingly deficient
hence we do not expect the value Of wheat to re-
Seds to what may be considered the free trade
kyel
been influenced by the state Of affairs hsre and the
great decline which took place IN the English mar
kets IN the early part Of last week was not without
effect, more especially ss the weather Of that time
counties Of Europe the crops have been for the most
pant secured and tie reports % to the general result
arc decidedly favorable. In Italy, Portugal, and
Spain the yield y said to BE- greater than IN usual
In France harvest has not yet been finished, aud
~ somewhat similar change has taken place there
Il the weather, to that unfortunately experienced
here, some mischief may be done to that portion Of
The corn still out In the more forward depart
ments the great bulk has however, been safely Sc
sured; and though the accounts are not Uniform
vailing impression appears to be that France will
have full average crops Of wheat and rye, and we
hsve heard Of no serious complaints in regard to
other articles.
In Holland the seasons are no. much more forward
than In this country, and throughout Germany p.
ing is usually commenced about the same period as
IN England. The result Of the harvest over the
fore, be said 10 be YET doubtful and dependent
The latest advices from America enter at consid-
able length into the subject Of thu harvest. In
some " the states wheat appears to hsye been Sc
xieusy injured By the fly, and where this has been
The case wheat has fallen short Of expectation but
on the whole the reports Of favorable nature pre-
dominate over those Of ar opposite character; and
here is reason to believe that the United States and
Canada win have consoles able surplus Of bread
vtufis for export Meanwhile there are no available
stocks, the immense shipments made during the
spring and summer having exhausted all that
was held at the ports on seaboard, and no
would, we are informed, reach the coast much
before September. though the tone of the
Ems fsh advices was REGARDED rs rather discourage
hog, the tendency Of prices had continued upwards
~ New York, and the other leading markets, the
qusetity Of wheat and -four brought forward having
barely suficed 20 supply the local demand.
Tie letters from the Baltic re peat what has been
previously rted to the almost total exhaustion
Of stocks little wheat had been brought forward