New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1856-01-12
TIE FLOUR MARKET.

Twelve months ago the flour market oil THIS
country was in an anomalous state With an az
erage crop throughout the United States the pre-
ceding Summer, and an abundant yield IN Canada
and many parts Of Europe from variety OF
causes the price Of -four in this city and along the
Atlantic board was extravagantly high, and the
newspapers were filled with determinations and
complaints from both retailer and consumer The
war in Europe having led to unreasonable 'ex-
pectatiOns on the part OF capitalists and specu-
latOrs an immense competition was entered into
by oil who had capital at their control; the country
was diligently traversed, and all the breadstuffs
that could he obtained were purchased and sent
eastward, thence to be shipped to Europe or put
into storage here until a sufficient advance in price
should berate them. Indeed, 50 extensive had
been the competitive operations of the Spectators
that long before the next crop was rpened, the
stock reserved in the Southern wheat-prOducing
States for internal consumption. gave out, so that
the natural order Of things was reversed, and the
-four that had been original! purchased in their
markets was reshipped to them at greatly
enhanced price Thus not only did our principal
source Of supply, during the close of internal
navigation fail us, but looked actually to US
fer support; and the baroness of the country
as far west as Buffalo being known to
be extreme, holders manifested the great
est indisposition to SELL and during the entire
Spring months the market was characterized by
a uniform upward tendency. In addition to all
this, the stuck held by our city dealers was unprec-
ed.ntedly gLt-scarcely reaching one tenth OF
- nd h. of
scarcity, which began to be pretty generally ex-
pressed. having this ostensbc foundation, any ex-
sction in price was submitted to in the apPrehen-
sion that matters would still grow worse.
Remembering this unhappy state of things, the
reports Of the deficient product in Europe last
Summer again gave rise to gloomy anticipations
and it declared by experienced in the trade,
that the extreme prices of last Winter would ill.,
| faiby be transcribed during the present season.
Viewing the subject in the light in which it was
then presented, We ourselves were led TO believe
to some extent in these discouragng expectations,
and we had almost prepared ourselves in advance
for anothcr Winter nearly as dissstrOusas as the
one preceding.
Contrary to all these seemingly wel-tounded
bypotheses however the dour-markethas for the last
three months continued seadil, to decline, aud the
| reports from Europe reaching M this week tend
strongly TO increase this depreciation. and TO
place al chance of a reaction beyond the limits of
possibility. The rates in Great Britain are still
| drooping-British wheat having submitted on the
10th ultimo to the considerable decline Of 3 10 4
sterling perquaIter with the sales sluggish at that.
| The report of Mark Lane as published in The
London Econ, mist on the 18th ult mentions con-
tinped heayincss IN wheat, and proceed, follows:
The late ruInOrs Of peace have induced the farmers
| TO thrash out freely and the miers on the other
| hand. have refused TO purchase beyond immediate
wants, while the continued large shipments of grain
| ond -four frm the United State, aud the knowledge
! that large quantities have been purchased and viii be
! forwarded dy-p. the p-cse4' mouth have induced