The Richmond palladium. [volume] (Richmond, Ind.) 1855-1875, 1864-07-13
THE CROPS.

1t is doubtful whether merchants, in
these times of excitement, when prices
of commodities are advancing almost
daily, and when speculative movements
absorb the attention of commercial peo-
ple-it is doubtful we say, whether. under
these circumstances, much attention is
given to the important information we
have been giving from day to day, for
a week past, relative to the condition
and prospects of the crops. 1t is crafty
ing. however, to know that these reports
show very coclusiyely that whatever may
be the price of gold, and however wild pri-
ces may run for a time, the country is in no
danger Of famine. Three crops, viz:
Hay, oats and wheat are made, anAthese,
in the aggregate have yielded well. The
average of wheat may be, in the WELD
per acre, somewhat below an average;
but notwithstanding the withdrawal of
a large number of laborers from the aor-
cultural districts, there was n greater
number Of acres under cultivation than
last year, The high prices current slim
ulated labor, and the extra amount of
work performed by the men remaining,
made mp for the deficiency caused by the
transfer of men from the farms to the
battlefield We arrive at the conclusion.
therefore, that in the West. we are
certain of good crops of wheat, oats
and hay; and taking the three together.
the yield is larger than last year. In
addition to this, there is a large surplus
OF old wheat in the country.
1t follows as 4 matter of course. that
consumers need not be discouraged in
consequence Of the high price to which
hreadstuffs have been forced Speech
lators are having their day now The
mania must run its course. but the more
violent it becomes the sooner it will end.
The laws Of trade will equalize matters
in the end. The consuming masses can
afford to hear the high prices cur
rent for brief period Soon prices
and spectators will go down together
The country has been blessed with good
crops. For this there is abundant cause
to be thankful Were it otherwise high
prices would be permanent, while now
they can be but temporary.
In regard to corn it is too early, in
view of the lateness of the season, to
Judge as to the result of the crop. but
the late rains have improved the prospect
very materially, and there is reason to
hope that the yield will be greater than
last year, if it does not reach full
average
In view Of these facts. It Is worth
while to consider that prices of bread
atuffs in England are now. as they have
been for year past, unusually low, and
the present prospects are not favorable
to any change for the better in this regard
The present price Of Ohio superfine
flower in equal to 81 50 in gold. This
would not justify the payment Of over
81 = in gold, in this market, for that
description Of -four. while it sold yestar-
day at 80 50, and was held in manv cases
as high as 50 15td 10 in currency High.
therefore. as is the premium on gold. the
imitation in the price of flower is greater
In view of all these facts, and the further
fact that supplies Of flour are large. the
effect of permanent decline in gold
upon paices may readily be imagined.
Spectators are standing upon mere
shell. through which they may break at
any time and disappear ont of sight
These remarks apply also to other ar
ticles of food. The great fact that we
have large stocks and good harvest, NAV
be lost sight Of now, but the time Is not
far distant when theories will give way
70 realities, and then men who imagine
themselves the possessors of fortunes,
will see their riches disappearing on the
wings of the morning. and their own
recklessness will be the only cause for
surprise Gin. Gazese Jug II.