The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1859-07-27

previously reported 81 ess 3e7 1880 $40 3i27os70
Epcs January J. $50 see, ss5 se,OooSe5 3e,lo6, OF
Bs reference TO details Of the above stasement,
which given below II will be noticed that about
-slI 600 wheat nearly $4,000 Of -four
shipped from this port foreign countries during the
week.
From al that can Learn, we look forward TO
q very active business in breadstufs here this
sa and to export Of wheat and wheaton -four larger
than known before An impression preva i in
certain quarters tina. the low price Of wheat injury
TO this country and that will prevent shipments TO
Europe. Two more pcfab.e faacies j. were hard ID
Imagine There can be greater boon to this country
than cheap our and is, in reality, only when -four
cheap that the foreign trade in is active and renunsra
tive to all parties concerned. few figures viii make
ssheee prcpo sitions plain end obvious.
supposed that the total wheat crop Of the United
States this yesr will be oeoo co bushels ut least
1900 goo bushels larger than the greatest crop
known before. OF this crop Is cafe TO estimate that the
peop'e Of this country wiz consume rather than four
bushels per head each thus aesumng according ~ the
sual estimate that the aggregate population
try now 80 0Ce co., must get Gown lbs 600 600 Of
the 200 ccc 900 bushels home consumption only
aer these 125 eco bush els grown, harry
ssted, and ground into sweet wholesome four that the
country begin think exporting wheat This simple
statement shows how great boon cheap grain 70 this
country. When wheat 81 bushel every human being in
the country the ueua supply Of this necessary
food for 81 year when wheat Is s2 bushel, the
necessary of life costs each person 49, The prospect is
NJ present. that food will be twice cheap this winter
IL in 1856 and 1857; which Is merely another form Of
ssng that the aggregate general prosperity will be twice
great & then Cheap and abundant food liz the
-rs essential requisite To successful industry
enterprise and increasing popa.aco Ins,eai OF
planning of the low price Of grsn psope heard
do in Wall and S,u.h streets, it ia really matter OF
hearty and profound congrAtuste3 thaukfunsss
Providence.
On the other hand the cheapness o. grain bar TO
is export after the people Of this country sup
Piled there remain 75 0oo bushels Of surplus wheat
It Is very evident that II must g abroad 10 countries
where they have no surplus. It will not under any
cumstances, be kept here TO 70. In warehouses II
there good in foreign countries the price will
not be as high as you'd be the foreign harvests were
bad bur whether the foreign farmers have been fortunate
or unfortunate Eound American wheat viii always COM
nsnd acme price in foreign markets get that price
instead Of rotng it will be sen. abroad At the present
time wheat ia held here high shipped TO Liver
pool at profit Bot this arses simply from the fact that
homo supply Of sound ~heat fallen very low as
soon as the new grain begins 70 freely to market,
the price will fall and The decline will not be checked
unit, point reached which leaves prost on sbiomans
50 Europe. The natural OF prices may be ciR
turbed for time by speculative movements but. IL the
long run, the law Of supply and demand mus. operate
As soon as the price slls point which permits sh,
nens to Europe they will begin, and will 20 on until the
whole OF our surrussay IS o0o, 600 bushels--is ex
Manssed.
An examination Of the trade circulars does not confirm
xhe gloomy apprehensons Of those who go about con-
planning that going &c. nothing for our grain
A. the present market price OF new American vhsa.
IN Liverpool would pay handsome profit il il could bs
bought here ct 81 bushe And every grain merchzn.
will certify that the average cost Of wheat shipped At this
o TO Europe for the pas: ten years been under and
DOT over 81 brshel
In q word, we hive q gurplus OF wheat this year OF
rs 600 900 bushels about twice average surpuS;
and at present rates In foreign markets. this wheat will
ominsnd ntre than the average price obtained for Ame
roan wheat shipped Europe during the past len years
femsinB 70 be seeu bow the foreign grain n,rkeg
"hi hucsuate during Tire autumn There are .hose who
Ac"S iof further fall in grain n Europe But there
are many reasons for ancp aing The very reverse The
Puo. VI 'he grsin bearing countries OF Europe must be
sNo ~ INC enormous diversion of labor from agrcu
lure Whicn bas been cansed by tho var Matthias tho
Eogsn Ios the French haryesa are We, cut ~ danye,
The Russian crop, We know has suffered t,o,o soh,
Anc even s1pposing that the European crons n,or go
where as Doubtful as they last year the orc NJ
~nea 10 Eogisnd very low al present. very cons,s,r
Oy oe'c~ the average for the paa, ten years IN On.
whole the weight of probability ia rather in svo, =,
prices In Europe than against them aud the pros,sc,
fair for grain export from hence this fall xreaer than
largest heretofore known.
Money more in demand to-day. We quote arst class
su 1orsed paper over sxty days, per cent; under
sxt1 days, cal We hear OF more call loans at than
ats Exchange steady at previous rates rood dea,
of atteptn has been paid TO the remarks in his morn
ing's Herald on the subject Of the banks which
~ "A leana Liant