New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1866-08-15
THE HARVEST.

There ia still time for disaster by frost-possbly by
excess of ran but should the close OF the season be
as genial as the opening. this country will show u
larger Agricultural product in 1866 than in any prev-
Gus year. The deyastatons of war aud the social an
archy resulting therefrom will have considerably
reduced the Southern product of Cotton, Sugar Rice
and Tobacco; while portions of the Southwest sui
fered considerably in May from floods and broken
leyees; much Of our Winter Wheat was badly injured
by the hard fross and sudden changes of last Winter;
but Spring Wheat is perhaps more extensively grown
among US than Winter; aud the yield Of
this. especially in the far West, is extraordinary.
Rye, Oats and Barley, will average fair crops Hay
was rather light; but midsummer rains are nobly
compensatng the deficiency; so that Fall feed and
rowen will be better than usual OF Indian Corn and
Potatoes, there was never before so great an area
planted; and they rarely or never looked so well.
We indigo that the Northern States will produce ten
per cent more Corn and twenty-five per cent more
Potatoes than ever before Beans, Peas, and nearly
all Garden Vegetables, also promise well, and have
already yielded generously.
As to Cotton the croakers, who began with talking
of crop OF Half Million to One Million bales, are
fairly dumbfoupded Unless the Worm should come
at once to their aid, they beyond hope. That the
crop of l366 will range from Two to Two and a Half
Millions of bales We have steadfastly believed; and
we now Judge that it will reach the higher figure.
STILL we advise those planters who are out of debt
to bo in no hurry to sell. The world is Coton-hungy;
there is no great supply the market while there is
a wide and strong demand for Cotton fabrics So
many planters have barely been able to make crop,
and are obliged to sell as fast as they pick, if not
Ill. b,f, hf1 Eal
than next Spring We believe a crop of Two and
Half Millions can be absorbed at % to 30 cents
(gold) per pound at our shipping ports, and that
those who accept lower rates sell too cheap.
Let those who owe sell enough to meet
their liabilities 80 fast as they pick; but
let all others await the turn of the market.
There is not Cotton enough grown this year to keep
the mills running till another haryest and the prices
of goods will impel most Of them to keep their
wheels in motion. We note with pleasure that new
mills are going up and old being rettted through
out the upland districts of the South. We wish there
were ten times so many.
On the whole, our National industry is prospering.
Though we export but half so much Cotton as in
1860 we shall doubtless receive for the crop than
then while the freight and charges will be far less.
We shall have little Wheat and Flour to export next
year, but considerable Corn Cor Meal) Cheese, Pork,
Lard, &C. Our product Of the precious Metals is so
large and steady that we can annually export Fty
Millions of Gold and Silver without damage. Another
year must witness considerable increase In
our production of Rice, Tobacco and Sugar. But for
tho fact that We are importing excessively
of Metals and Fabrics, and paying for them in Five
Twenties-that is, in drafts on the industry of our
Children sold for two-thirds of their lace-we should
regard our industrial position and prospects with COM
placency We must stop selling bonds and begin
buying back those already sold: TO which end, we
should forthwith contract the Currency and enhance
the Tariff