The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1855-07-20
The F,uctuat In the Prices OF Food
Our Ps aspects.

The FAuctuat In the Prices OF Food
Our Ps aspects.
The eff G. OF the pas years defic ent har-
vest a not reach m xmuu, so far rs bread
stufis see oncer ed, until last May. The
stock of the growth If 1854, which were a fuu
average, remained to a consider able exteat un-
| solo mp TO the a tumn and winter '5i and
'55. The advance 10 -four and graio comm me III
| IN February last aud continued or lduAuy tn
| improve u til the hignes point in this m !rket
was reache in May 1855, W en- common brands
OF State fl ur went up to $40 25 $40 37t and
extra Gene see to Sl2 aud Sl3, whic h exceeded
the hiphest range of prices realized dlring the
irish famine period in is47-'4S. Grain ad.
vaDctd in about the same ratio; the highest
| price obtained for prime white Genesee wheat
was about SO IS per bHshel The highest
price realized for corn in large quantities.
wac about 81 Is a 81 10 for prime Western
mixed, AMI 81 20 for S utheru white, per bushe
There high figures cut off, in measure, all
demaDd for export to Europe, as prices for
some time before and since, ruled above quo
tatious in the Eogish markets The home
demand, however, was SO great as to absorb all
that was Offering, and at high rates. The
stock getting low daring the winter as the mild
er season advanced, the chief reliance for re-
cepts was on railroads.
Fortunately for consumers, the crops of wheat
in Canada bad been full; and under the recipro
city treaty, when Western and Southern stocks
were comparatively exhausted, and famiae
threatened the population on the Atlantic sea-
board, large quantities of Canadian -four were
received in New York by railroad and the
Hudson river, which tended to keep down
prices. For the first time in the history Of the
trade, Canadian -four, on its receipt liz New
York, was actually re-shippsd to a consider
able extent to Richmond, Baltimore, Norfolk
and Charleston, and other Southern points, for
domestic use.
It was not until about the advent Of June,
that any serious relaxation was commenced in
prices, and after receipts by the Grand Can al
augmented stocks beyond the Immediate do
nestle wants Of the trade. As soon as corn
dropped down to a point that would admit OF
export at a low rate Of freights, prices again
became better supported, and the decline
| checked.
| Such was the confidence Of dealers in con-
tinuance of high prices, that large contracts
were made in March for the delivery of Indian
corn in June and July, as high as 1856. and
some Of those time engagements were settled in
June at CSC l00c., and some have been since
settled in July, as low as Gle. 92c. -Four con-
tracts were made for June aud July, deliverable
at about SO IS 50, which ave 8 nee in many
| cases been settled at much lower figures.
| There still remains confidence in the value of
Indian corn, as near siX months must pass Over
before supplies Of the new crop will be suffi-
cienrly dry for shipment; and some three
months or more must elapse before much
of it will be in fit state OF dr. ness to enter
toto domestic consumption. In the meantim,
the past year haviog been one of very short
crop, the country must be pretty well draiued Of
Supplies of old corn before the new can come
fairly into consumption. We learn That in Ten
nessee-the best Indian corn couutry OF the West
where in plentiful years, this grain has been
the deficiency there aud in the adjoining States,
that The article, at points convenient TO traas-
por,ation, actually reached one dollar per
bushel, which was forwarded by railroad to des-
titnte districts Of Georgia in large quantities,
where the crops Of the past season were in
me azure cut eff. The largest purchases in
this market were made for the New Eogland
States, where supplies were Exceedingly bar
rem. Mex to New England, the English later
in the season, were the heav est buyers
Wheat being il very light supDly, kept 10
longer than corn; bus since the increase of re-
ceipts Of old from the West and OF new from
the Sou b, prices have gradually yielded ia ia
vor Of buyers.
The growing crops are universally repre-
sented to be good; but many suppose that che
effect of this prospective abuudaoce will b.
less sudden on prices than many persons be-
lieve. Under the idea of future decline
mllers probably will only buy from hand u
mouth; While the farmers, when they had prices
rec.ding below their views will be disposed To
Withhold their supplies from market. That a
very decided and material r ductioa NUS
sooner or later ne reached. should nc accidents
J It occur to the unma:ured aud nnsaved CROPS
al are dispos ed TO admit. The chief difference
OF opinion exists with regard TO the time Wi N
he iull effect upon prices by abundant crops is
TO be realized in this Market.
To show the wholesale prices OF provisions at
The periods stated below, we give the following
| tables
BRgA1srUFFs.
jan o, 1854 Jan. O. 1855.
Coz mon state hour. 81 70 - s. s7a 800
on str-,ght $50. 75s7sl 90
| CGrJon fayJrite - 80. III = 81 900 y ~
/ tapcy Gepes.e........ 81 a 3 90 ~ 9 81
| Iatra ......... tOaS SO IL % y IL 90