The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1870-07-03

view-A Short Yield from tho Rhine TO the
Main-The Trade Strikes-Whas Industry
Loses the Church Gains-American securi.
ties.
FRANKFORT, June 49, 1870.
What was hitherto probability Is now TACT.
The harvest viii be failure Italy, very bad one
in France and very small one here on the Rhine
and IN the whole Of Western Germany, while Aus
tria and Hungary will have an early and excellent
harvest. Rape has been totally lost in Germany
and the crop has been torn up to make room for
other seeds. This might influence the petroleum
market TO large extent. Heaven has acted most
caprciously this year. While we had for two months
not two consecutive hours or rain river was
swollen yesterday heavy showers having come down
III the upper course Of the river In Franconia, ami
visitors OF the Bohemian and Austrian springs re-
port that they are very much annoyed by incessant
rain.
Provisions being already high, further rise in the
price OF bread Will now be serious affair, the work
people being Just now In frenzy ana all trades
and all have obtained what they strike for, they will
just be III the same position as BEFORE and must be-
gin new series OF strikes to make up for the new
deficiency. There are meetings now here as well as
in other German towns every day, where the most
violent speeches against the wealth OF the Jews and
oil manufacturers are delivered, and where down.
right plunder Is advocated as the only remedy.
Hitherto it has only come TO blows between the
moderate and the violent party OF the wOrkpeOple
themselves, but there be no DOUBT that, should
real distress prevail, riots will ensue and Will be
put GOWN ny Ilc stGOuy uauu VI Tile Hiiutdiy. LUG
forthcoming elections give pretext for the meeting
OF the workpeOple, at which they excite each other
and thus parading the streets some thousands
strong, to the horror OF the peaceable citizens. or
course they get poorer every day ny not working,
anu the evil has reached such degree that crisis
Is near at hand.
All this Is the more to be amented as 1t will turn
out the profit OF the clerical party. They WILL
they did successfully In Belgium and france, Inn
press the peasantry that their property would be
threatened by the liberals when In power and they
Will therefore vote for reacionists or utramontanes
and rational progress VIII be stopped thereby. In
the Bavarian Chambers the contest on the military
question is near at hand Should the lew radicals
prevail by the alliance with the ciericas to upset the
military establishments and to annul thereby the
consequence. Prussia will then denOuncdGhe ZOil-
veren treaty and Isolate Bavaria altogether. This
would be deathblOw to the industry OF the country
which has its principal market in the North, and,
have to give In as 1t cannot allow itself to De utterly
ruined by some fanatics, whO In order to vent their
spite against Prussia, Overrae their forces and bring
about a collision, by which they have much to lose
and nothing to win.
The Bourse here Is steady, particularly for Ameri-
for investment, while there are no sellers In the
locality. Whatever Is bought here must be provided
by other places. Oh mortgage bonds both Oregon
aud Missouri are In gOOa demand and maintain their
prices. There Is very little business In all other
kinds. Railway shares are looking up, particularly
Austrian, as q large corn import Is expected from
those quarters. Vienna currency has risen three per
cent during the last week. Our corn markets are
very animated. and the rise Is likely to continue
the harvest Will at all events be delayed for month
There Is brisk demand Tor France, when will clear
the stores which yet exist In this part OF tile country
kilograms from the corn markets are now expected
with more anxiety than from anywhere else.