Richmond daily Whig. [volume] (Richmond, Va.) 1842-1861, 1854-08-25
Price Of Wheat.


$3.50 70 $1,000 cents per bushel. This IL result
few Of farmers anticipated 1t is surpri
sing when the facts considered and Is pretty certain
that the price will 60 down further yet. Nothing pre-
vent L. but the failure OF the British Wheat CROP which
Ia Of the most certain crops In the world. California
has Wheat for export and in the South American States
whenever four rises to the present high prices the uhab
itants bring into variety Of fariuacous fruits and
geabes substitute 10 part Tor bread. Looking at
home the United States have the largest crop reap
ed From these facts We do not any good TO
anticipate any extraordinary demand, from any Quarter
The In Europe conducted by regular orces aud the
sgricuturs Of those countries from which could alone
expect Demands for oreadstu left to their pur
suits and their productions will suffer dminution Nv
the Il possible that the allied armies rciby
obtain large portion Of their supplies from Russis, who
ha, In commercial way heretofore supplied them with
considerable amount oil wheat In this way will the effect
Of the interruption OF commerce be- in great measure
not entirely, Objected.
ulaton In Breadsus this year very considerably cur
tailed-Di,pdteh.
We publish the foregoing, not because we agree
with it in opinion, but that we wish our country read
ers to possess all possible information with respect to
the probable price Of brcadstus We differ altogether
from our neutral cotemporary,-but having little
wheat to SELL it may be- that the wish is father to
to the thought" This being understood for the pro.
per appreciation of our reviews, we will proceed 10
give the reasons for the faith we have.
In the first place, we do not consider $l50 high
price for wheat Considering the price of labour and
the difficulty Of production, that is not equal to
what 81 Was five years ago. In fact, So noao will
not buy rs much labour 81 would then And be-
sides, the unpropitious seasons and the manifold
enemies that assai the CROP by diminishing the yield
greatly enhance the cost Of production. We have
heard sensible farmers express the opinion that un
der existing circumstances, the cultivation of wheat
must be abandoned in Virginia at least or pursued a,
loss, for a less price than $3.50. There is nothing
then in the idea that wheat must fall because it is
now too high
Nothing can prevent further decline quoth our
contemporary, but failure Of the British CROP This
Is taking most contracted view Of the question.
failure on the continent, would think would have
the same effect as in England. Great Britain. it is
conceded on all hands cannot produce enough for her
own consumption. However good her crop NAV BE-
she will be compelled to import If she cannot sun
ply her deficiency from the Continent she mus, look
to us for it Therefore, the state of the crops on thu
Continent has direct bearing both upon Engla f and
this country. Now, what is the condition of the crop
on the Continent, we are not prepared to state H.
SPAN and in Italy, believe ito good but neitle,
oil these countries, under the most favorable circup
stances, Is large exporter, and at present. cxpora
ton Is prohibited from Italy, In France, we know
that II raned in torrents for eight weeks before bar
vest We have accounts that the same kind of wc,tI
or prevailed in Germany. Ii good crop, either as
70 quality or quantity is the result Of that sort o
weather. 1t contradcIs all experience OH this side.
OF the water.
With the purpose of informing ourselves accu-
ratey OF the European crops We have taken the
pains to peruse closely the voluminus FOREIGN
correspondence Of the London Times for th.
whole month Of July. Ordinarily, that correspond
eace, the most extensive and exact in the world
furnishes abundant information But now. il il e>
eeedngly meagrc and unsatisfactory. The Vienna
correspondent, on one occasion, casually and in gene
raj terms, says the crop in Germany is PROMISING
Another, writing from the Danube, says the crop j.
hne in Bulgaria This is all the information We coul5
gather. From every other region there is an omi
nous silence. The commercial article in the Time.
OF the 10th says the accounts from the Russian
provinces about Odessa represent the crons n he fine
but the writer frankly coniesses, that not busbel
will be available for commerce. if the war 20,
tinues.
But, quoth our cotemporary. the price must fall
the English crop does not fail because the inb,,
tants of South America will betake tbonsslvss n .
variety OF farnacious fruits and vegetables-apd the
because 1t will be carried on by regular forces i
this latter assertion true? general levy was mad.
throughout the Turkish dominions twelve months
Aso-whch took from their fields the most nroG,,Lle
laborers The same thing has been done in Rpssio
In both England and France the regular army has
ooeu iA'Se'y augmented. In Germany, conscriptions
""u preparations Tor war are proceeding on n
oc"e unknown since the peace of 1916 In this state
VI un8S u uoes seem TO us, that less wheat will be
po'ueu anu rs OFFICIALS, feeding on the public crib
A"A5s 'a' vi "as'e more than an individual drawing
upon his own garner, more will be consumed
AS to the crop being the largest in this country
ever resped, we have yet to see the evidence Of :,
In this State notwithstanding the large use of pano
1t Is the shortest for many years, beyond doub,
we INFER 1t is short in all the States North of us
from the Northwest we have no accounts to warrant
the Dellei oil an extraordinary yield. Admit, how
ever that our excess may be thirty millions of BUSH
ela' Wnicn is more than VIC ever had before) and
tnere are no ola STOCKS on hand, and the corn-crop
WI" DO Snor'-that excess after dcducting our present
wants, will not be than sufficient for the Enc.
hsh deficiency. The wants of the war remain ~ 10
supplied.
10 SUN up, we do not regard 100 as high
price. There are no old stocks in the world which
""' 'V'u' " "V'''S''y w OeSln lOHnWith on the
crop IL IL not certain that the European crop s spC
he'ent for years consumption in time Of peace
With a state Of war; aud PROBABLY general war, II
may be exhausted in six months.
These are our yewa They may be biased by the
selfish consideration, that we have some wbea, far
sale; aud therefore be less worthy of consideration
than the opinions Of our disnterested cotempora,v
unless perchsnce since the demise of shn plsstsrs
he has turned his attention to specializing in bread.
stufs.
TEE CisPAreS IL NEw YoRE. The National Dsno.
otat lizard sho) keeps up its Ere on tho Administration
and ~ peculiar fdend'-the Soft shslL According to
tha. sssupeh Democratic journal tho Administration he.
fallen 90 Low Ia the State OF NsW York tb, nons ,s.as
tsScspt bargaining rickstes ioaited den,gogus. ga
thisf defenders lsmsntAbe state Of Affairs indeed Th
Democrat aJsi
THE spirit Of e masses IL right sud read, and ,h.