The Georgetown news., 1855-09-27
Wheat.

In the course of an editorial on the wheat
crop, the New York Herald says:
Without being able to measure The exact
dimensions Of the wheat crop this year, it
is altogether certain it will immensely ex-
ceed that of 1854, or that of anv preceding
year. Assuming the crop of last year at
l00,000,000 bushels, we believe that this
cannot be less than 10000. 600. and it NAV
be much more Nor IS it wheat alone that
promises abundaEce-cOrn, rye, oats, bar
ley, hay, potatoes, and even fruits, look as
well in the field. All those products, and
many others, enter directly or indirectly in
to consumption at home, and thus, to some
extent, influence the quantity which may be
spared for export. That we shall have a
large surplus with which to supply the de-
mand from abroad, is now altogether GER
tain. Whether it will be twenty or fifty
millions will depend upon the extent of that
demand, and very little, indeed, upon the
movements of spectators on this or the
other side of the water.
The public mind, in view Of a large crop,
is little anxious to ascertain how to deter
mine its real value, and it looks with vast
deal Of suspicion on the spectators, and,
indeed, upon all counsel on the subject
Now, it occurs to US that there is no earth
ly difficulty in settling upon general princi-
plee to guide US. We have no idea that the
famine prices Of last year can be maintain
ed. There is no warrant foT such conclu-
sion to be found, either in the abundance of
our own supplies or in the condition of
things on the other side of the water Let
US see.
The Herald closes its article with the fol-
lowing prediction:
We venture the prediction that neither
at the Baltimore nor at the New York
Corn Exchange will the prices of wheat,
from this day till the next harvest, run as
high as 81 so per bushel. On the other
hand, if from the "close Of September" for
six months to come, the average price at
Baltimore should exceed 81 so, we shall
have missed figure or two in our present
estimates.
NSar the same time fall was predicted
on the Atlantic side-four on this side has
mage sudden advance, predicated, as we
1aSs sdvised upon the news from Chile Of
the accounts by the Golden Age, the COM
mercial editor of the Alta California writes
At last advices from Chile, received by
the steamer of July l4th, the market as is
well known, ruled as high as $40 per sack
for -four, price which had not been OBJ
tanned within our remembrance since l849-
80. The present steamer brings us intelli-
gence Of not merely a sustenance Of those
h11f ! L..
ed, OF from 81 30 to 81 per sack in less
than two weeks. On the lst of August
-four ruled at S11 50@s12 per 200 pounds
and wheat at So per fanega, as will be seen
from the following report which we take
from the steamer edition of the Mercurio:
FLouR.-Great scarcity prevails in our
Hour market. Not single sack is to be
found either here or in the south which is
not already disposed Of at enormous prices
never known here before, perhaps. Divers
sales were effected in small parcels at as
high as Sll so for Southern and Sl2 for
Santiago brands Lately a contract had
been closed for 10000 qls. to be delivered
in this bay and Tome, between this date
and the end of December next, at prices ad-
equate to the present ruling rates and with
consideration to the delivery taking place
by terms. This quantity will doubtless be
the product of one of the southern mills,
during that space, most all the mills, we uE-
derstand, being constantly employed in Or
der to meet the engagements already en-
tered into, for export as well as for home
consumption.
The exports for Australia are continuing,
and we believe that many orders yet remain
to be satisfied Cargoes are about to be