Richmond Whig. [volume] (Richmond, Va.) 1862-1865, 1864-09-08

Ssa Sa ksS y tAI the wheat ~ kt b. thrsshs5 ID
July end In Advance Of the usual period
For Inc reasuns already assigned, the amount ct
Whept seeded in the fall Of 1868 bsloE thssveraee
Quantity and 10 many coun les the seed Whea was in
teror IL quality. 0Hng TO his AID TO the severity Of
the cold weather and the absence of snow, tho wheat
crop east Of the Blue Ridge proved TO be short CROP
II crop 10 tho Valley Is reported TO bo good When
the commissioners assS mbed In July they obtained In.
formation from many soureejn references to the amount
/ of wheat grown this year In that portion of Virginia
/ within cur control. This vas the 6uty of the Com
missioner, and this duty faithfully discharged. NO
evidence laid before them to shoE that the wheat
crop was Abur dan; on the contrary, tho evidence
proved the Instead OF an abundant crop they
we're convinced ihas the crop deficient Some in-
telge and WellnlOrmed men estimated the crop at
four nil ions, and others al five miiona, when either
n, ult was not half Of the average production OF Vr-
GINA be one the The rtpof wheat was short ar
sac wheat Wss not ihre he'd evea hauled out OF the
fields. The jemand for Woeat wsa urgent and UMPIRE
csdentsd. Alhorg the incy had been reduced In
volume, its purchasing poVss had not augmented as
| the then prevailing prices demonstrated Under tnese
crcums aDcee the Omnssoners decided upon $50 par
bushei in Conf deRe urency a. tue price t. De paid
oy the Government for SD indefinite period, but
for tue months Of July and August yt suit ,ct TO al
-ration before be expiration OF that period, should
tina commissioners decide 10 change heir schedule -
Dariay ths StsHes of the vaE may be iDpfudent to
disclose publicly all OF che fac Whoh ndusDced them
n their d, cs,on and without this knowledge iutslI
gent aud uupsejud oed minds will reccgn e. he IJui
ice OF cOBdsmUing gentlemen for course the reaso
for wbcn cam OF at this time be fully disclosed with
out detrmeut TO the grea cause IN WhoA We are en-
Qaged In disregard OF consideration obvious to most
dies asa onaie and ref citing mnds the comm sSionera
have been assaied, their conduct eoncemned, their
urse derded aud thsr moiyes Denounced,
They CannO 10 held responsible for ths dspreca ion
Of toe cure cyor the Int Fupto Of trsnspor alton,
or the resulting deGsnd Tor wheat and four RJr are
they sp5nsbe the supply OF grain is greatly 6elo
The demsnd. With the iaca before them 10 July, The
Commissioners acted properly in fixing the schedule
price OF wheat at $50 per busht A. thai time the cur
rent prices OF wheat exec ded that sum. Prices 6e-
pend upon supply aud demand, both OF which are va
rlAble. When the tuppy is small and the demand Il
very great thea prices advance rapidly. Soue may
suppose that the ces advance IN the ratio vi tie d.,
DC cy-n other Words tina. when the demand exceeds
the supply by third the value rises One'tbird BY
no msa s. for Wheu the price has risen OneIhird, tie
demand often exceeds the supply; there may, even al
tlaJ higher value, DO greater quauty wanted than
q be tai "lf(said Nc. Mil in his Political Economy
the art Gle is accessory Of tte, then deficiency o
one third m0y raise the prtes 10 double triple quad
| rapls " NJ. Null mesos dshc ENJOY Of one .nud
nay rlse the pr double, t'lpe OF q adruple Wher
n ls existing power Of relieving want by foreign M
| poTtatiCH and saIpteS S,cl ID not our condition
| Cooko's c RE lie correct one
Tooke, Va Lis History o; Prices, rays: "rhe pr;ee o.
corn In Great Brian ta' risen from 100 to 200 pei
cent ana upwards, when the uLmo Computed deb
cisuey Of the crops hS; no. been than b,EweeI
one sizh and one third Jslo1 an oVerdgs ald wLeI
thai dec sUey has 0ssH realized BY foreign supplies
ilsre should be defceocy Ot the crops amounting 10
oHs-thd tlout any surplus from former year, saC
hOlt any chance Of relief BY importation, tho pTio
might rise fgs, ten fo!d."
We had sup IS gan Of last year 90 hand 10 July
and no means o! Importation. The Commissioners Wtr
convince that The wheat crop deficient, and II
oonsderilg tlsir schedule they 5ced UpoR th
ifeieI ey OF supply aud the extent Of demand. K