Year: 1870




CROPS--A sUPERABUNDANCE OF FRUIT


DROUTH IN NEw-ENGLAND AND NORTHERN


NEW-YORK.
So intimately connected with the prospects |
the prosperity and the general welfare OF
the country the condition of the throughout the
land that all business men are much interested in OBJ
tanning and fun accounts of the present conduon
the agricultural districts. We print beloW gehera
resume of the condition of the crops both growing and
harvested from actual personal observation, ana from
the reports of trustworthy correspondents
Our imports have increased to such volume that the
annual Indebtedness the United States to foreign
countries amounts TO an immense sum- 10 pay TINS III
debtedness have three methods: first, by giving In
return imported goods articles OF our own growth
and manufacture; second, by giving our promises to
paw or national bonds and third by shipping gold
Any difference between the value of our imports and ex
ports must necessarily be supplied by shipping either
gold or bonds-utmately gold. Should our crops OF
grain, cotton, &C., therefore, at any time prove |
failure, the matter becomes one OF most
serious import TO all classes OF society, as
directly affecting the price of nearly every article used
II there proves deficiency the effect is primarily
to increase the balance of trade against us by diminish
ing our power to pay foreign debts with our own pro
ducts This balance must then be paid in gold The ship
ments Of the latter then raise the premium and render
dearer every foreign article used So that has
the effect of the cost both of the food we
sume and the clothes we wear. At the same time as
secondary result manufacturing langushes, and the
factory hand Just at the time when he most
needs money pay enhanced prices finds himself out OF
employment and destitute. The merchant is compelled
TO sacrifice goods because trade dull and he must have
money to meet his obligations. Such are few of the |
evils attendant crop failure On the other hand,
when the harvest has been gathered and the
farmer finds that nature has been kind to him-when
he send his products to market and realize good re-
for his labor he becomes good customer for the
local trader. Old debts paid off and new purchases
made. The country merchant is in turn enabled to re-
promptly to the jobber in the Eastern cities, and to
purchase of him a larger stock. From thousand
the grain flows outward from the country and
making its way foreign lands takes the place of gold
in eccng exchanges All business feels the effect and,
in general a successful trade follows bountfu harvest
Happily the promises well III the greater portion
the land. In sections the farmers have suffered
severely from drouth-but taking comprehensive |
view of the whole country there is good reason to re-
ioice over the result of the season.





The ere at crop of wheat produced last year naturally
induced farmers this year less breadth OF land
with this grain Mostly in consequence Of this fact,
there is in the States material reduction IN the
Weld II is estimated that the country has raised this
year 4sOOOO0 of bushels Of wheat less than last year.
Notwithstanding the enormous yield OF 1863, the quaty
of the grain poor and, in consequence the price
realized was unremunerative. This year the quality OF
the grain is much better better than the average OF
years. and will 60 far toward supplying in value the de-
fceucy in quantity. Beside, the demand from Europe
has been better than last year, and must |
continue GOOD with such vast and destructive |
war in progress. We have only TO remember the |
devastation and waste attendant on the march OF
armies during war. 10 have some conception OF
what must the result of the present struggle III regard
o agriculture in Europe The demand and price during
the Summer have sufficient to induce farmers in the
West TO part with large quantities OF the wheat they had
carried over from In the district OF when
Chicago the center the yield ON the whole has beeh
quite favorable In the western portion OF our own STATE
where Of the finest grain III the country mas beeh
raised the season has been prOpitious. The drouth
which has prevailed many other sections has not been


felt in solneiof our western counties. In fact, the rain
fall has been unusually great and in some sections
Aneghany County for nstance-haS somewhat lnerereh
with harvest At present the following are the prices
Of grain in NewYork: Good Winter Wheat is higher than
il has BEEN and there is wanting good assortment OF
Spring Wheat Mixed Spring Wheat 81 II per bushel;
No Chicago Spring 81 IS to 81 q Amber Western 81 80
10 81 AZ Amber State 81 ~; and White Michigan, 81 6


The best fancy brands Of sell at Wholesale at 50 per
barrel The various state brands bring about &C.


CORN.
The deficiency in the breadth of land sOwed with wheat
seems to have made mp by that devoted to corn
aud from nearly every quarter we hear aterng reports
Of the prospects this cereal The season has so far
advanced the crop was so early planted that there Is
now little danger OF damage from frost, which OFTEN
comes al the close OF TO render useless the aDOr
4
the crop Is very promising In Missouri Kansas, and
Nebraska though wheat is the greater crop corn has
done WELL The territory tributary TO Chicago has been
much more extensively devoted to than heretofore
though Southern and Central Illinois have always been
great corn growing districts In all, nearly ALL these
sections corn doing exceedingly well. The prices OBJ
tanned too are favorable. Through the central portion
of our State the hot weather has had beneficial ehect
on corn and II never looked better sui; ;ent amount
Of rain has fallen during July and August TO affect the
cron fayoraby. Along the Mohawk Valley the great
corn-felds look fresh and bright and promise well


COTTON.
Adices from New Orleans speak in favorable terms Of
the prospect of this Of the most important crops OF
the country. There every indication that the crop
will he heavier than last year. the yield per acre
has been as good the number Of planted much
greater The cost OF producing is s high and planters
will make but moderate profit The oil practice OF by
uoihccaug the years product prevails 10 100 great an
extent but probably not be remedled un the sohth
becomes richer and the capital OF the planters mas
measuraby increased Southern Dealers in consequence
Of the favorable aspect of their crops anticipate good
soasons business They need il badly, already our
Northern merchants have been induced to sell to South
ern merchants on credit altogether too heavily, and
vast sum of money past due to the merchants OF
,ls city good crop will scarcely do than enable
southern dealers TO cancel their old scores whether
they can pay their purchases OF the coming season
will greatly depend ON the success OF failure OF next
years crop aro.,


This IT, OF course limited product mostly confined to
Louisiana The reports regardingt are very atterhg
the Weld promising be fully double that OF last year.
Producers will have contend with the unfayorabe re-
ducop of the tariff which will affect the prices OF sugar


TOBACCO.


The tobacco crop Of Virginia promises well The rails
ing Of this crop also All important item with the farmers
He