, 1860-07-12
With regard to the stock of native wheat on

month";
With regard to the stock of native wheat On
hand, to meet the consumption of a season now
extended to thirteen months before we can get
a supply Of new wheat, We fod it is the general
opinion that We have not much more in stock
than We had ut the commencement Of harvest
last year. In some parts Of Tie courtry the
dealers report, Our farmers have done thrash.
irg for this season." In other word, they have
sold out, with the exception Of quantity Ie-
quired to suppty straw for thatchiug the stacks
u harvest, q reservation which is Il very COM
mon practice The large and wealthy farmers
stitl hold considerable quantities; but, in gen.
eral, the low price Of wneat at the earlier part
If the season compelled the great bot.y Of ten
ants to thrash an extra quan itv in order to
make up money tn pay rent and other expenses,
IS we'll as to purchase lire stock.
a considerable quantity Of wheat was also
Consumed By cattle, beipg 100 much injured by
the :ain in harvest to be available With the mil
Ter. Independently Of this, there WIS au abso.
lutte deficiency both in the yield pt acre and in
the weight per bushel in the crops of last year.
Putting, therefore, these circumstances TO-
gesber, we can clearly account for the shortncss
If the supply in t1e country ma1kets, and also
for the gradual advance that Lns taken place
within the last three months.
Nor has the supply of foreign wheat been
such this year as TO afford much relief. The
importarioos up to the present time have fallen
telo~ those OF last year upwards Of 100000
qrs. the whole importation for the Eve moths
up to the slst May being not more than / ,0o0,-
0Uo qrs.; and as tie eales have been fully equal
10 the receipts, the stock has not increased.
We are assured that the stock Oh hand 10 Lon.
don does not exceed 100000 qrs., which is less
than hulf that OF any year at the same period
since the harvest OF 1854.
We may expect turther supplies from the
Baltic ard the Black Sen, but these will be high
!Ates. With reference to the latter, report
has Just been received from St. Petersburg
that Southern Russia has been visited by IN
army Of locus.s, and TINT in the PROVINCES ad.
joining Odessa, ahundred square miles of coun-
port prove correct, It il impossible to say how fur
the mischief may still extend, but it will lutal-
/ libby cause m advauce in prices at Ojesea. as
| we'll az feasen the exports thence another year.
The accounts from France. like those OF the
| United Kingdom, are Conflicting. In The east
efn and southern departments, and in Brittany
the wheat has Sustained little il jury from The
weather, excepting so far rs retardlug its
| growth. But in tie central and nulthern de-
partments the effects have be, severely telt.
Fine wsatber, how ever, would now, us With uf,
materially imp ore the crops, by taroting the
blooming, and filing the ear.
Prices had nevertheless risen in France, part
| y in consequence ct the weather, but mainly,
~e believe, lhrou4h tue operation OF the slid.
'ug.scale, which at nrssent prohibits ths iupnr-
! WI lAC QAGEi uAuuy LIE AufAQCG las
raised the rates too high for exportatiou 10 this
country. The price Of wheat in Paris last
week ranged ron 5ss. 10 61s. per quarter, and
OF flour from as. TO As. yer ESQ lbs; and on
such terms it c. uld not be exp; rted 10 any port
in England at q pruiit, or even without loes
tits not, therelt re. likely, that We ehall obtsin
any great quantity Of wheat or -four thence. IN.
'ets the trices here should Ilse or those in
France f4il, as to allow the exporter profit.
The Americans uitl probably seLd us little,
now, tha: our markets afford them profit; but
they cannot supply 1nuch before their new crop
il gathered in. Their export4tioas ef wbeat
AID flour iu the month Of Aay were nnls equal
10 sd.4,9 qrs. The quotati ms trom New York,
as giren last MoudA, ran e from 22s i'd to SIS.
81. per bEl.-equal to irnm ASS. tu Ga. Id. per
quarter tor wheat which will scarcely allow tue
exporter profit, the highest range for wheat
| ity.
| the wbeat tr.de remains, and from which We
tind quite enough to Justify the advauce that
| has taken place nor do We zee anything ia
the future tha, il likely to capse Ieyuleion.
The addition Of munih q to the consumption
IF the se- -sonai ytar BY the poktponement Of
the harvest to tint extent, viii Of itself be snf
tctent 10 prevent the recurrence Of lever pri.
ces, pressing, as this state OF things does, upon
| the acknow ledged deficient crcp of last har
vest, aud an unusually short supply Of foreign
| nheat. We a1e, in fact, less prepared for any
| emergency than We were aftet sils disastrous
harvest OF 1858. because a. That period there
VIA large stock of old Engllsh wheat in hand
probably equal to at least four months can
sumption-and = good stock also Of foreign
corn in grRuary neither Of which can poss-
bly, be the czse al the commencement OF the
next season, Whatever mar be the result Of the
harvest.
The reports Of the growing crops Of spring
corn are even less fasorab'e than those Of wheat
In Suffolk they speak detpairinRly Of the bar
ley rs isFetrierabiy bad; and thir, with Eou,e
exceptions Ia favor oi the light soils, appears
to be the general feeling. The seed wus well got
| ~, but tue cold rains caused it to CONE up If.
regularly: much Of the plant perished N IT'S in.
cip'ent Fegete,ion, aud the prospect Of good
return il b.ighsed for this seA.on. Oats aie in
much the same STATE; and notwithstanding the
very large inportat"ns in The earlier part oi
the season, and their renewal during the last
few weeks, the prices are well sustained. An
importation Of st, ,264 quarters, and SO 0o0 quar-.
tsra The 1ast fortnight. made no material i'm.
country being quite enough to keep up the
| previous rafes.
With the Exception Of 1858, we tsve not had
50 un avo1 sb'e d stason tor vegetation for tue
last forty } carr, and We can scarcely at tLis
curly stage calculate the full feet. Tiewipgn
I IN the E'oet fArorabe e light, enough is already
developed to excite the most serious apprehen-
nions, and NC cannot hut earnestly wish that
tic n"xt three mon .hs will prove mo1e geninl
would not Tepair the injury the verious crops
| have tustainsd from The continual rains, al
though it would certainly pFevent some further
| aRgravataou, aud even partially improve some
lands which now appear 10 have suffered se~
verify.