The daily union., 1854-11-16
COMM ERCIAI.
rRnn our COMMERCIAL CORRESPONDENT

NEW foEx, Nov. IA, 1854.
The immense evil which the famine panic got up just a
M M harvest by Tribune and other papers in the inter
ed of the speculative holders OF Iost has done TO bas
ness generally being severely felt in all the commercial anf
.nnetung towns, and will be felt by the farmers in the
- before their wears crops sold The consciousness
the evil thus induces the Tribune to resort to its old
,c. and write letters ITSELF endeavoring to explain
yay ,ts i'll advised Tho following is specimen Of
,b. description Of literature
rcorespondener ts. N.w York rnbaneI
PARa SEAu BLooNusGros, IsDASA,
Monday, October 80, 1854
fan, farmer and if your paper is intended to further the
interests Of Wall street. charged, it Is street extending
along my residence, as well a. the larin o every
subscriber your paper; year ago went TO booming
Ton to sell small lot of wheat and offered Tor % cents
Was told 55 cents the highest price that could De
yen and merchant read to me letter published IN the
Union written b New York correspondent and strongly
urgng the farmers make Immediate sale OF their wheat
IL smscked of money, but disclosed facts OF which was g
nosaut and stopping the merchant while reading told him
that 7b cents was the least could take. Knowing the
b.rsrtr of your paper Immediately sent for it, and
~ e rst Of the received contained letters from
your London correspondents giving IN iu the condition OF
hort CROP In breaistu then fixed my price at 81 and
sieney held on sold 81 26he highest price given
here sold bushels and consider your paper saving
me 80 cents the bushebeing SAL Wall street opera
the object Of the Tribune to effect for the la
borer. LE"io pohL"aN'
This letter is dated October So and the writer SAYS that
wear ago"-that is, October, ls5Shc offered wheat at
q, cents and So bid but that the information furnished by
YOUR correspondent induced him hold for IS cents The
facts are that October so 1858, wheat bringing 81 rs
readily or one dollar than this supposed writer
was his mnun From that date -four and wheat continued
10 rise until the sold S2 so in New York in Jan
uary and has been high since That your
pondent advised farmers to avail themselves of those high
prices il tae and those that did did well. 1t that
this Tribune became suddenly acquainted with the value
Of the Tribune before he for it, and learned from it, first
that he IN
respondent had stated the prospects o short crop July
and gave the details of August three months before that
smart farmer for the Tribune discover the fact II
are to believe the Tribune letter. the whole country had
through the Upion been made OF the European de-
c three months and wheat had risen 81 IS before that
Hooer subscriber TO the Tribune walked up to Bloom
ingon, and offered his wheat at G5 cents But he
he held until after he learned of the home deficiency
from the Tbunetha is say in August 1885, when the
famine articles of the Tribune published Inamuch
wheat reached its highest price the winter when your
respondent advised sales and this farmer held his
months longer and sold the famine panic less rate,
the wisdom of the Trbunes teaching apparent The
whole matter is however, ITSELF the absurd attempts
of the Tribune after serving the speculaors induce
farmers to think it for their benefit. The famine panic
has had immense effect upon business the cities has
aided in keeping prices of food and by doing absorb
ed most of the earnings of the poor for the support
leaving nothing the purchase clothing and
manufactures
The exports of -four and Sheat New York for v
months follows:
Exports Of Wheat and Fi,nr from Ner York