The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1854-11-12

not depend on Prussia alone to determine whether she
neutral or belgerent and she might render services
to Russia Of positive and important q character tina
We should be justified in declining to invest her any
the begerent could resort to against her must
however be acts Of and would therefore be attended
with very important political consequences We do not
say that she should therefore be permitted pursue an
unjust and INJURIOUS course, but it should be borne in
mind that the events of the next few months and posi-
clearly the position Of the German Powers towards Rus
sa and that the question Of trade in the produce of
snsmy through German ports viii follow the course Of
ton Of the Bultc reopens next spring II any Of the
Leading German Powers are then at war with Russia,
they will have common interest with ourselves in
stopping the trade which they materially assist
and IT, the contrary they still lend clandesne sup
port to Russia, under the raask Of neutrality it win be-
come necessary to consider general grounds the effect
OF that ambiguous attitude on the conduct and duration
of the
The Harvest or England and Grain Trade OF
Europe.
From the London Times, Oct. "a
On the first day Of this month the whole nation
bed to perform solemn act OF Thanksgiving for the
bountiful harvest. That harvest believed to be al
most without precedent both for quantity and condition.
aud nobody has yet venured to doubt the truth of that
estimate. At the time when the day Of thanksgvin ;
fixed the average price of wheat had fallen from
sos, which had known it very recently to below 5ss
and for the last week Of September the average
below 5es that celebrated figure which has acquired
historical interest the price which Sir Robert Peel
supposed to promise the British farmer under the opera
ton Of free trade But the fall from Sos to considerably
below Cos had led to pleasant and reec
ons reference to the and its cost Should the popu
laticn Of these isles get their wheat at 20s quarte
less than last year there would at once be savn;
enough to pay twice over the expenses Of the war.
Such the state Of the market and such the prospects
of the country only month ago. As everybody knows,
the same the corn market is utterly changed There
appe to be race between farmer and farmer, be-
tween town and town, between London and the provin
DIAL markets, which shall up the fastest AT
Marknne we are told that the supply OF wheat was yes
fy &C @ at prices T $ io per has aSose Sos
repeated in all the news from the country, and
there have been cases, we are informed, OF the
same wheat being sold a second time in one day
at advasce Of Is. or IS. The best wheat has
now returned to SOS. a-quarter, and all other
grain is in proportion Thus 1t appears that have.
already lost the abundance and ceapness we we're sup
posed to have gained by the harvest, and have
sooner acknowledged the blessing than # has been vr
prices famine for their income changes httle and
they under the necessity of bringing all their ex-
penses within that limit 1t appears then, that
on the verge Of general distress 1t
dearth now, and may soon be famine The market is
buoyan and in the matter of food buoyancy Of price
implies the sinking of strength, health hope industry,
ard national prosperity.
II is difficult to pass over such q revolution without
kind of remark Though perfectly that
prices very much out of the hands Of ha journalist.
The wish is always believed to be father to the thought
ONE writer enaeayoTs to the public that wheat
" formers friend;' another impugns the Judgment OF
the market exhibited in the price and is thought to
w, j
the thing done at ALL it is by referring the rise the
fall to Temporary causes to Impressions rather than
ha Would Se the ea
adder to very little purpose. If, too, thcro nre real
grounds for this rse no possible good but rather harm
that is, greater eventual dearth-wouh arise from
fictitious and unreasonable chespness for month or
two. Nevertheless feel impelled to lock about and
ask how is that all the country there has occurred
this rapid RISE in the face OF good harvest Of
disputed quality and YIELD in the face OF state of
things generally unchangsd, and in the absence Of
trtrinq stittr IN
is that the rise has occurred not only all
the country, with uniformity which our forcfathers
formty all the west of Europe We may expect the
Of Uxbrdge and Surrey o Dorset and Staf
fordshre, OF Somersethre and Motifs, to sympathize
with another nn be In Close connsunicstion
are not srrlf.tl aaf ,Aa.sfif ir ibo reports .run
berg AID srettin and Rostock and Hamburg and Paris
sll Of the character SO the fact have to
deal with Is one Of wold-wde character That is the
breadth of the excitenpcnt5 and the farmer are
cncsrned with is no longer the British agricuust but
a European parsonage.
Up to the present time we must candily avow that
really without the data FOR such calculation
would enable us to pronounce opinion this rise
We reed not be ashamed to confess it, for the data do
not exist and the calculation Is nowhere attempted.
We enough to account for the suddenness and stimuli
taneo of the rise far 1t has gone, but into
futury must decline to go Az not only all England,
but The greater rayt of Europe-tha is all France Bel
gium, Germany Holland, Denmark, Northern Italy, and
h M s IN n
longer any reason why rise In price should not be
simultaneous. The cities and ports named above
no longer week q fortnight from london For
all the purposcs of intelligence they not than
half an hour from Mark-lane and three-quartcrs of
an an hour from every county town in England. a
the serious significance that 1t thirty years
ago, from the same that makes that ria, sim
ultaneously and rapid. II there Is RISE ii must be
Simultaneous and is likely enough TO be rapid, seeing
that the greater part Of Europe is large busy, bust
has however undoubtedly originated in facts and those
facts have been some time familiar with, though
their natural result comes upon surprise. The
good harvest we have had confidently anticipated
for months before it came and the low prices that pre-
vailed in the offered little inducement to i'm
portation, which accordingly fell of very greatly
falling very low; but everybody also expected
abundant a harvest to meet our wants, and give
me to procure further supplies from any dis.
tancc, II they should prove necessary The probable
yield Of our harvest, and the quantity we should want
from abroad are as yet only matters Of conjecture but
consider alton had certainly been overlooked till too
1atethat is the circumstance sufficiently clear
that with exhausted stocks are for the time at the
mercy c the grower and that the most abundant crop
cannot be brought to market at greater speed than the
shortest one indeed, is there mnch inducement TO
bring the crop to market There s no agricultural
market. There is nothing whatever to force sales.
There is a war and there is tradition OF war
prices stu carefully preserved in innumeaels
this IL enough TO account for the rise, though
it would be bad logic to conclude that beeause this
account be given Of IT, therefore IL will not be sub
stantal and lasting Indeed it cannot be concealed
and ought not to be forgotten, that the consuming,
wasting, and dcsoating influence Of the war extend
over one Of the distant regions from which liav,
hitherto drawn largest foreign supples-Russa anil
the DanuLian provinces Nearer home France viii grow
less and want more in consequence Of having 10 fin
money and men for the war 60, also, 10 some extent
shall we The "cornr crop in the United States is sail
to be much less than usual and that cannot but affect
the rice Of all kinds Of grain So there may perhaps,
besolid grounds for this RISE and should certainly
incur serious responsibility IL tried to explain 1t
away and to refer 1t exclusively to temporary causes
cr 10 assing opinions
[From Money Article Of London TIMES, Oct. 25.l
The supply OF money today has again been more
abundant and the prospect Of permanent increase of
in the discount oTket greater than at any
recent period. The rsym rise in wheat, however, will
produce effect in lessenng the remittances Of
amounts likely TO be forwarded from this country the
continent According to the adviccs received yesterday
from America, although there business going
in -four and grain for export the supply greater
than the demand and, II this the under the
prices which prevailed this side month back, an
holo nlnd