TOPICS OF THE DAY,
PROGRESS OF THE H A RVE ST : THE PRICE WHEAT. op
THE time is approaching when the truth of statements eatifide no •
made by supporters of the Corn-laws, that the great ritealit
otit./ price of wheat is the result of jobbing and speculatina -4 tested. The fine weather, so anxiously desiderated, has at arrived ; and during the week, no doubt, large quamitiesof have been well got in. It is now certain that foreige earn will be admitted in the course of a few days at a duly of 2s. 8d. per quo ter, and the rluty may fall to a We shall then hav;0; own and foreign crops in the English market, or on the way Nit-- own and foreign crops in the English market, or on the way Nit-- Now then would be the time for holders to sell, if they have been madly speculating for a rise in the teeth of knowledge that the crops will be abundant and the supply equal to an average. gut what do the Mark Lane people say ? Here is a report of }ester. da)'s market, from the Standard- " There was a fair supply of English wheat; and the arrivals from de* are again large. The dried samples of new aAsi,t,vrillayasbit,Itte; tiht,itr;ttatqutrirlit,itrs401! wheat were taken off slimly at the pliers of the damp anti inferior sorts, a reduction if from 28. to 35. per quarts:- :Li:1.4 inkier! to. There was lather more disposition ahown to purchase Weird who than on Wednesday, but prices cannot he quoted higher." The holders, it would seem, do not anticipate any considerable fall in prices from the influx of foreign %%heat at a eominsi duty and the produce of the English harvest. The facts, indeed, all go to support the probability of a scanty supply. stated in accounts from the Continent, that the harvest in Nana has failed; and it is worthy of note, that of the new English wheat brought to market, much is damp and of poor quality. It is only in the inferior specimeus that a reduction of prices is nub. mined to. The wheat crop in the United States is abundant, era there may be some to export' but Cauada will want a portion or it —" the wheat-fly," says a New York vorrespondent of the Times,
has committed sad ravages in her fields ;" and as there will also be an European demand, prices will be kept up. Thus, all round the compass, we see only small stocks on band, with the certainty of an uuusual dentate' for the new crop,—a de- mand created not only by the necessities of' people, but by spent. loiters, who undoubtedly will purchase large quantities to hold till next summer, when the price is almost certain to be much higher than at present.
A winter with bread dear and employment not brisk is a serious affair in England. The scanty hat vest on the Continent will not tend to augment trade in that quarter; and the Genevese Tra- veller, who supplies the Times with excellent information from the United States, warns this country against the exportation of a large quantity of goods to America. Well then, we must look to Lord JOHN RussELL's preponderant landed interest. The agricultural gentlemen must be in high feather. Let us see what they will do to relieve the country in the time of distress, which they have chiefly produced, by which they alone profit. Are they not the mainstay or the country, the grand support of every other interest ? Having the power, of course they will ward off distress, and bring contentment in the train of plenty.
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