The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1867-11-01
The AErIeuIturnl rnteres,s.

AaCL luAl IAruerS are uppefmOSt IN the
scale this year as regards material in
terests-receiving high prices for every
article they sell, and paying compare
lively low prices for articles they buy.
This is TO be regarded as a favorable
indication, especially as the high prices
of produce are in great measure caus-
ed by foreign demand, and it must
ultimately and before long react upon
the general business interests of the
country. L4. tgE af..a
The Cincinnati Price CurTent has u
good article on this subject, from which
we copy. Speaking OF the causes OF
the depression in business 1t says:
The partial failure of the wheat and
corn crops In the West, has some infiu-
ence, but 1t ought not, because If we
consider the prices now being obtained
for all kinds OF agricultural produce,
they more than compensate for the par
tial deficiency in the corn and
wheat crops. The wheat crop,
gathered in 1866, was very
of the past year, and yet we find wheat
now selling at 81 60, which did not
bring over 81 so at this date last year,
though we have double the crop this
year that we had then, so that tue in
come to the farmer this year, from that
source, is vastly greater than It was
then. Again, corn that sold last year
at SSc, is now selling at 81 03, and there
Is doubtless as much good corn in the
country this year as there was last,
whilst the price is thirty per cent. bet
ter. Again, the crop of oats gathered
the past summer, was fully fifty per
cent. better than that gathered in 1866,
and yet the price of oats now is Csc
against CSC al this time last year, SO
that there is an increase of hfty per
cent. in the crop, and thirty-eight per
cent. In the price, rendering the pro-
ceeds from that crop nearly ninety per
cent. better for the farmers than in
1866. Again, the crop of hay gathered
the past season., was unusually large,
taking the quality into consideration,
folly thirty per cent. better than it was
in 1866, and yet prices are as high now
as they were year ago, MOL Rye was
worth 81 Is year ago, now it brings
81 AZ. Barley Is selling as high now as
II was u year ago, and yet the crops OF
both rye and barley were much better
than they were in 1866. Pork will
doubtless be- higher this coming
season than 1t was last; SO that
interests are. on the whole, at
least, fully 90 per cent better than they
were year ago; aud the agricultural
interest being the basis OF national
prosperity, we may look with conf
dence for speedy recovery from the
present depression. The Indications
are strong that we will have u large de-
mand from Europe for our surplus ng
ricultural productions the current sea-
sou, and at high prices. At this date
last year, Milwaukee red wheat was
selling at lis Cd per GENITAL in Liverpool,
now It briugs las Sd. Corn sold one
year ago In Liverpool at 29s per quar-
Ter. 1t Is now worth 4OS I'd per quar-
ter. American bacon sold in Liver
pool, ii year ago, at 35s to Ais per ll2
lbs for Cumberland middles; now it is
selling at 45a52s; SO that viewed in what
aspect we may we find the prospects of
the future vastly better than they were
IL year ago. In the Southern States, and
all along the Atlantic slope OF the AL
leghenies, the crops of grain and OF
grass were very good this year. the
only uuiavorab bic feature is the large
decline in, and low price OF, cotton, but
it il exceedingly doubtful that the price
of cotton will remain down. II the
business community will but turn their
attention TO this bright side of the Hf-
fairs of the country, they will perceive
at once, that the dullness of trade is but
the result of panic, having no legiu-
mate foundation in fact, and therefore
there is the best reason for a speedy
and decided reaction i'll the commerce
of the country.