Abbeville press. [volume] (Abbeville, S.C.) 1860-1869, 1866-07-13
HIGH PRICES AHEAD.

either OF commodities or coin. The proph.
estes Of persons who possess peculiar facil.
tiles for arriving at pretty correct esti
mao Of future values are very gloomy. and
poiut most decidedly to their enhancement
The coming crops Of both our great agri
cultural products and COTTON
will be far below the average. As we no.
ticed day or two ago, it is the opinion
Of Mr. W. II. Langley, Of Ohio, who has
taken great pains to investigate the matter,
that tho grain crop will not exceed ono.
third the average Of former years and he pre-.
diets that we shall have the highest prices
Of breadstuffs and many other products Of
the soil and uecessares Of lie, for one or
two years, that we have seen. The cotton
crop has also suffered very severely during
the spring, and the present anticipations
are that the produce will not be moro than
a million and quarter bales, or less than
one fourth the product OF the crop Of
1859.
tis, therefore, evident that we shall
have no grain that we can spare for expor.
tation, and that our exports of cotton must
be but limited. 1t is not at all uncertain
but that Of tho former we may have to be-
come importers, if the wants of the people
are to be fully supplied; for there will be
no old stock to fall back upon, as, accord
ing to Mr.. Langley's statement, the stock
Of wheat and flour in the country is, at the
present time, so nearly exhausted that it
caunol last longer than If 80 long as the
arrival Of the time when new wheat will
be brought into the market.
The short supply will not only raise the
prices OF both the products, but the effect
OF the depreciation in the amount Of our
exports, caused by the failure in production,
will be to raise prices generally. Importa-
tions Of foreign merchandise will continue,
and though probably it will not be OF suf-
ticient an amount to cause heavy drain
upon our supplies of specie and the
precious metals. The foreign merchant
will require an equivalen: for the goods he
sends na, and If we oapnot pay him in
kind, we must do SO in coin. 1t is iuevit-
able, then, that gold will be required for
this purpose and the demand for it bids
fair to be greater than is generally admit.
| ted
1t Is fallacious to suppose that the Eu-
ropean war will tond to any large quantity
OF specie being sent to this country for in
vestmont in our securities. Should hostil.
tiles become general throughout Germany.
it is more than probable that many Of our
fve'twentes, which have been purchased
by tue Germans, will find their way back
TO the United States. As our own people
too we'll know, the tramp Of armies is not
beneficial to the production Of the neces.
saries Of life. Germany will have to pur
chase these abroad wherewith to feed her
army and her people. She will have to
pay in gold, for foreigners will not take
her paper securities. Our own short sup.
ply Of grain will preclude US from sending
her any; and consequently we may expect
that she will send to us for gold in ex-
change for the United States securities
which she holds. But some persons may
ask: "WiIl the German people part with
those securities for the purpose of invest
ing the proceeds in the obligations Of their
own Governments. and thus supply then,
with the specie they will need7' We all
know that when country is at war the pa.
triotism Of its people generally tends to
such resnlt. Such was the effect, both
North and South, during our late struggle,
| and there is no reason to bslieve that the
Germans will not by like patriotic i'm
pulse.
Everything, then. points to an advance
in prices. The prospects of the future are
certainly gloomy, but there is no good in
shutting our eyes to them. We must pre-.
pare to meet the hard times when they ar
rive. Another year will have to roll round
before we can hope to view brighter pic
ture, and to do so then we must experience
more genial season than has been allotted
to US in the present year.-N. Y. News.
PAPER CoLLARs.-We saw it stated in
Boston paper, few days ago, that
young man in that city was suffering
"muchly" from pustues on his neck. The
young man consulted a physician, who at
once attributed them to paper collars, which
are now habitually worn. Upon inquiring
among bis fellow clerks, the afflicted man
discovered that Eve or six of them were
troubled with the same eruption. The