Glasgow weekly times. (Glasgow, Mo.) 1848-1861, 1859-08-04
Wheat Crops and Prices.
From the New York Herald 9th.

| FROM Inc New York Herald 9th.
! From all that we can learn, we look for
ward 10 very active business in bread
stuifs here this fall and TO all export OF
wheat and wheaton -four larger than was
ever known before. An impression pre-
walls in certain quarters that the low price
Of wheat is an injury 10 this country, and
that II will prevent shipments 10 Europe
Two more palpable iallacies il were hard 10
Imagine. There can be no greater boon to
his country than cheap flour; and it is, in
reality, only when -four is cheap that the
foreign trade in it is active and remunera-
tive to all parties concerned. A few fig
ures will make these propositions PLAIN and
obvious.
1t is supposed that the total wheat crop
of the United States this year will be 200,-
100000 bushels, or at iea,t 25.OOO.UUu
bushels larger than the greatest crop ever
known beroee. OF this crop it is safe 10 es-
timaie that the people of this country will
consume rather more than four bushels p
head each; thus assuming, according 10 the
usual estimate that the aggregate popula-
ton of the country is now 30CO0,O00, we
must set down l25 O0o, 600 of the 200 O00.-
900 for home consumption. 1t is only alter
these l25, 100000 bushels have been grown
harvested, and ground into sweet, whole
some flour, that the country can begin 10
think OF exporting wheat. This simple
statement shows how great a boon cheap
grain is to this country. When wheat is
81 bushel, every human being in the coun-
try proeures the usual supply of the neces-
sary food Tor 81 a year; when wheat is 81
a bushel, the same necessary OF life costs
each person s.. The prospect is, at pres
ent, that food will be twice as cheap this
winter as it was in 1856 = 1857: which is
merely another form oil stating that the ag-
grega,e general prosperity will be twice as
great now as then. Cheap and abundant
food is the first essential requisite 10 sue
cessfui industry, prosperous enterprise and
,, increasing population. Instead Of complain.
ing OF the low price Of grain, as people are
heard TO do in Wall ard South streets, it is
really matter of hearty and profound con-
graduation and thankfuness 10 Providence.
On the other hand, the cheapness Of grain
is no bar to lis export. If after the people
of this country are supplied, there remain
100000 bushels OF surplus wheat, 1t is
very evident that il must go abroad 10 coun-
tries where they have no surplus. 1t will
not, under any circumstances, be kept here
) 10 rot in our warehouses. II there are good
harvests in foreign countries, the price will
not be as high as it would be If The foreign
harvests were bad, but whether the foreign
: farmers have been fortunate or unfortunate,
a.,
mand some price in foreign markets, and to
get that price instead Of rotting, it will be
sent abroad. At Tie present time wheat is
held here too high 10 be shipped 20 Liver
pool al a profit. But this arises simply from
the fact that cur home supply OF sound
wheat has fallen very low; as soon as the
new grain begins 10 come freely TO market,
the price will fall, and the decline will not
be checked until point is reached which
leaves profit on shipments 10 Europe
The natural course Of prices may be dis,ur
bed for time by speculative movements,
but, in the long run. the law Of supply and
demand must operate. As soon as the price
falls TO point which permits shipments 10
Europe, they will begin, and will go on
until the whole Of our surplus-say 49,
600 900 bushels-is exhausted.
An examination of the trade circulars
does not confirm the gloomy apprehensions
of those who 90 about complaining that we
are going TO get nothing for our grain. At
the present market price of new American
wheat in Liverpool, il would pay hand
some profit if it could be bought here at 81
q bushel. Ard every grain merchant will
certify that the average cost Of wheat ship
ped at this port 10 Europe for the past ten
years has been under and not over 81
bushel.
/ In word, we have a surplus of wheat
this year of 100000 bushels-about
twice our average surplus; and, at present
rates in foreign markets, this wheat will
command more than the average price Oh
tanned for American wheat shipped 10 Eu
rope during the past Ten years.
Il remains TO be seen how the foreign
grain market will huciua!e during The au-
tumn. There are those who look for fur
Their fall in grain in Europe; but there are
very many reasons for anticipating the very
reverse. The product Of the grain bear
ing countries of Europe must be affected
by the enormous diversion OF labor from ag-
riculture, which has been caused by the
war. Neither the English nor the French
harvests are yet out OF danger. The Rus.
sian crop, we know, has suffered from the
drought; and even supposing that the Euro
pean crops prove everywhere as bountiiul
as they were last year, the price of wheat
in England is very low at present; very con-
siderably below the average for the pas, ten
years. On the whole, the weight of prob
ability is rather in favor Of prices in Eu-
rope than against them; and the prospect is
fair for grain export from hence this fall.
greater than the largest heretofore known.
Terrible Indian Engagement.