Weekly hawk-eye and telegraph. [volume] (Burlington, Iowa) 1855-1857, 1855-11-07
Ri ! l!spsct 4 the Grain Trsdss

ER Prsecxs 4spsct tx the Grain TrAde ISL
Ii ii ssry easy MI Interested parties ~
i.sh sNies 81 get ap n to suit then sees
.cral iistessst. ssisd in tsr present active .tate
OF the grain market, this trick aas been largo
lr :esortsd e. The ehieet Of this present
writing Is TO give an impartial statement Of
facts Tor the iseneftpf the reasiersof the Glib
tfrystof, both FOR thn.e who hare grain 70 ssH
and those who are obliged to buy II is well
known 10 our readers that we are no adyo-
szates sor famine prices. believing that IN
uholesuias activity. going upon neither 'cx-
treme, is in the end best for sill parties
ftur attention was not iung since attracted
| to an article from correspondent of the \.
y. Herald, which was extensively copied in
Western papers, from which We gire the fol
lowing extract
II returned yesterday from nm exploring
tour in the wheat growing districts Of New
York, Pennsylvania, Northern and Central
Ohio Northern Indiana, Northern Illinois,
and the whole Of Michigan. Employed By
some Of the most extensive grain and -four
dealers to examine and report facts as /
found tlrem,- have passed lcngthwisc shroi
| Michigan on two different routes, crossed
through the centre nf the State at right am
! giles, visited the extreme North, on Lake HUI
ron, stopping ct all the large market towns
from five to ten hours, inauiring of produce
! dealers. merchants and farmers. Into such
/ parts Of the country as 4 could not 20 by rail-
/ road. Invent with horse and wagon. North
ern Indiana, Northern Illinois, Northern and
1 Central Ohio and Central Pennsylvania were
equally well examined. The wheat crop is
the largest, BY more than 100 per cent, eyer
grown, and in no country will the damage
| from grown wheat exceed 10 per cent The
corn now standing covers more breadth OF
ground than ever saw, and, with sone ex-
| ceptions, uniformly good, although some
What later than usual The os,t crop is tre-
mendous, and well secured Potatoes Gov
! or an immense breadth of ground, and the
| yield so far as tested is large; and free from
any indications Of rot am permitted by
my employers to make this statement y.
Now this has a very honest look, but is in
I fact a most dangerous and mischievous de-
/ ception.s We do not know who this fast
/ gentleman is that has made such a wonderful
exploration but will stake our reputation tor
| intelligence of Western crops, that his story
| is only true in a horn and a crooked horn
! at that .sls s..,5
Some Of the Cincinnati staticians figure up
our wheat crop to 40 100000 of bushels. We
think these figures too high, at any rate tax
| ing the matter of quality and damage into ac-
/ count, we set the last wheat crop not above
! an equivalent of 80, 600, 900 of bushels OF fair
grain. In estimating how much we will have
! to sell, we must take into account, what we
have of other grain as a substitute, and here
the system of compensations is quiteneompli-
Gated. For instance, the hay, and oat crops
were harvested in bad order, which will levy
a heavy contribution upon the corn crop,
and allowing that the corn crop will come IN
good, which is probable, still the surplus
cannot be counted upon as any way enor-
nous. Then, the stock Of old grain was pref
ty well exhausted, and in many parts of the
! West the autumn floods have prevented the
sowing of a great quantity Of wheat for next
wear, which will keep the ,lasticropin reserve
for prospective necessity. g,.53f.. q.
The much smaller number Of hogs that
can be brought to market this season, will
still further operate to keep up the price OF
staple grains, and the increasing demand for
! American produce completes the list of main
/ compensations, which draw upon our present
supply. On this last topic the Cincinnati
Price Current says: saS 'f9asat's* + ''iAsA
'By the last two steamers. our .advices, in
4 regard to the crops in England and in Nor
thern Europe have not been satisfactory ;
the weather has been wet in some districts,
and injured the wheat and the rye crop in
the Baltic Prussian Provinces has proved a
partial failure. The most conclusive demon
stration that the yield of the harvest in Eu-
rope will not be an average one, is to be found
in the fact that, notwithstanding the high
| prices current in all the leading British and
continental markets for -four and wheat, the
tendency is still upward, and the last steam
er advises us Of a considerable advance in
the Baltic grain markets. as well as in France
and England. The fact that exports of flour
and wheat in France from this country has
already commenced, notwithstanding the re-
ported abundant haryests in that country, is
a most suggestive one, indicating very clearly
that the harvest has not been an abundant
one; indeed the Paris commercial and atri
cultural papers, received by the Baltic, part
~ admit that this is the case. England has
under ordinary circumstances drawn largely
on France for wheat, and the fact that our
wheat and -four are now finding market ii,
France, at such extraordinary high prices
/ after the French harvest has been gathered
is one which cannot be misunderstood
These remarks arc not made Tor the pur
pose of creating panic, OF undertaking oui
home resources, or stimulating TO hi @h prices
of provisions, butsiniply to direct public at
tcntion to an economical use and disposition
of what we have, belicvin. that Il correct
view of the whole subject will bring the pub
! lie mind to the most hcalthful commentaries
innate of which it is capable. x Ohio CutH
=! rdtOr
10 - s.. - = g.s.f-- r IS 4.