The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1856-07-13
The Price or Wheat.

[From the Richmond (Va.) Wing, July III.
subject Of far more to tSe
Of the Virginia people than the election of auy Yam
kee Of them all to the Presidency The farmers last
year having expended immense sums in guano, for
the purpose of supplying the beligerents with the
staff Of life to enable them to prosecute the work of
DEATH the conclusion Of peace was little better than
fraud on those who had thus invested their money.
peace was, we very much doubt whether the opera
tions of the French government in the grain trade
have not been attended with far more serious effects
Ever since the year began the agent OF the French
wheat and throwing it upon the French markets in
large quantities at time, to der ress prices. The
government expected to redress itself for any loss
in its first sales, by the gains it would make in sub
sequent purchases at reduced figure, and at the
time, by driving out private dealers, to mono
police the market But whether it gained lost in
the operation pecuniarily, twas bound, if it would
maintain it's existence to furnish an abundance of
cheap bread to the people of France. Louis poIeon
well knew that all the revolutions in France from that
Of '89 to that Of '48, both inclusive, were mainly
owing to deficient crops and dear bread. He can
only maintain his own government BY providing
against the evils which have subverted 80 many
others. He therefore takes from the public trea-
mry. and will continue to take as long there is
Tebellious people. The expenses Of the late war
strsitened him in his resources, and by weaken
ing his ability toPurchase sufficient breadstus,
deIsd h;m SO. 20 ANXIOUS ior peace But the late inun
leled since the somewhat famous food of Noah
have, according to n. Gaillardet produced greater
destruction, and will require 2 greater outlay Of
money than the war did. Whether Bonaparte's
government will be able to repair these losses, and
at the same tine continue to raise money to specu-
late in grain is question Of doubt. The advancing
rates, reported by every late steamer, not only in
England, but throughout the Continent, would in
dcate that the attempt to control the grain market
o. the world is beyond the ability Of the nephew
Of his uncle'
W.T. s-r~ So L..
IN France, the present season, will be great and
rious. The destruction cannot be confined TO the
low lands On the rivers, which have been overlooked.
The raj 10 which fell in sufficient quantities to pro-
duce th De unprecedented elevations in the water
courses must have had an injurious effect upon all
the growing wheat. wet season in this country,
is always followed by bad crop, and the nature Of
wheat Is the same everywhere.
In Spain also, the accounts represent the crops as
far from promising. In the Danuban Provinces in
the southern districts Of Russia, and in all the re-
g,ons bordering on the BACK sea, the finest wheat
growing country In the world being occupied by the
armies of the bellgerents at the of sowing it
would be unreasonable to anticipate more than hal
crop.
be about three weeks later than usual. This Is
an nnfavorable circumstance, though not Away
fatal. But, however good the growing crop may
be, there is present deficiency Of from twenty
Eve to thirty millions of bushels, which must be
made good from some quarter.
With respect 20 the crop In the United States-it
10 too soon TO speak OF the largest wheat growing
district-the Northwest aud as 10 the prospects in
that section, we have nothing but the every year
repeated paragraphs, that the crops were neve
more promising.
Ar 70 Virginia. where the crop has been harvested
though not threshed the accounts are
In some sections-below tide water particularly
the crop, from the best information we have Is the
worst for ten years In the Piedmont region il il
better than ii last year, though IL seeded at
Q greater cost than any crop ever was before, by
the free use Of gusno. We suspect this remark Il
true Of all the country this side Of the mountain
We have heard but little from the Valley. A letter
In todsy's paper from Rockbridge, gives very unfa
vorable accounts from that county. We may concede
upon the whole that the aggregate yield will be equa
20 an average-but we are ignorant what that is-no
satisfactory statistics of the production of the Safe
ever having been collected. But, whatever the
quantity, thing Is certain-the crop has cost so
much In guano that the farmer will realize very
little clear profit nj less than 81 so the bushel.
When TO sell, IL question for every farmer TO
determine for himself All we propose now, az
heretofore, Is TO supply him with all the facts we
can gather, 10th at home and abroad. No doubt
that now, az formerly, efforts will be made by
spectators 10 create panic to scare farmers ont
Of their wheat at the lowest possible figure. But
from the existing deficiency In Europe, aud the
prospects Of the growing crops there and here, we
see no good grounds for alarm. We believe there
viii be good demand, al a good price, for all we
have TO spare between this time and next harvest
But If the whole is thrown upon the market az once,
Of course the price will fall.