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What Of The Future?

What Of The Future? image
Parent Issue
Day
14
Month
August
Year
1863
Copyright
Public Domain
OCR Text

Id forming an opinión as to tho probable priccs for the produce of thia yeai, tbcre must be taken into account some eleménííí not usually affecting the course of trado. First tbere s the continuation of the war, the effect of which bas been lnrgely feit, and upon which very materially depends the state of the markets. The present prospects are full of hope for its successful termination at no distant day. The recent glorious victories have so restored confidence, that gold, whicli at one tipie stood at 170 and over, has falleti to 125, and few are eager to speculate in it at that figure. The effect of this will, of course, be to reduce the price of wheat, but with it othcr oommodities to bo purchased by the farmer must fall in equal ratio, which will compénsate for the apparept loss. As the rate of exchange with foreign countries follows the fluctuations in the precrous metáis, all imported goods vill be subject to a falling off in market valué, so tliat the dimuuition in this direction need not be counted as unfavorable, butrather the contrarv. The aceumulated stocks of foreiffn wares will bo rapidlv üressed upon the markets, and ensuing competítioc raust stil 1 furtber depress the figures at which thoy are held. From aü tho information we have received, we judge the wheat erop tr be .ibout an average one, and as a large breadth was sown, there is prospect of a good supply. The harvests abroad ap poar to be an improveraent upon thoso of the previous two years, which will have the tendiuicy to somewhat lessen the exportation. But tho politieal aspeets of Europe are such tliat the whole course of forein trade may be entirely revolutionized within a few raoaths, or even weeks. Should a general war couvulse the continent, the demand for breadstuffs from this side the water mustgreatly increase before the close of the yoar, and everything must go up with rapidity. The uncertain feeling on this subject even now influences tho general raarket. From a survey of the whole field it would appear that there will be at least remunerative if not high prices for what provisions the farmer may have to sell. J lioro is not, wo judge, anytlnng to tavor holding on in antioipation of any great rise in value. Wool will probably continue firm, not perbaps imintaining the unprecedented rate it has attained during the year, büt yieldiiig returns that should satisfy wool growers, except perhaps those who enilmikcd in the business at the heigbt of the tide, hoping to realize almnst an independent fortune. The producer who so keeps his accounts that be can calcúlate at what figure he can afford to sel] bis commodities and who, year by year, disposes of tbcm vvhen tbat figure is reacbed, will in the long run show a botter balance sheet than ho who trusts to occasional sudden riso of prices to ensure him largo profits. - American Agricullurist. KST Why are the Marys the most amiabte of their sex ? Becauso tboy eau always be Molhj fied. %LL' When a man wants money, friends, or assistance, this world is very apt to oblige and let bim want. L:L" If you want to mako a sober man a drunkard, give hini a wife that will scold hiin every timo lic comea home. L?ST " Vvood is the thing after all," as the man wit.h wuodon leg said when ' tbc mad dog bit it.

Article

Subjects
Old News
Michigan Argus