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Commercial

Commercial image
Parent Issue
Day
18
Month
July
Year
1846
Copyright
Public Domain
OCR Text

An.v Ardor, July 17, 1846. Harvesting' is" süll in prbgrëss. The weather for scveral da)-s pnst has been vëry favorable, being quite cool áñ'd pleasunt Wti have not heard oí' ariy sales of new Wheat, but understand the market will commence at 50 cents. It is generally agreed in this qüarter thai the wheat will be shrttnk some; and we doubt whether the erop por acre' will be any larger than last year. Buffalo, July 14. Wheat sold to dny 3,000 bushels at 69 ets., IVfichigan Flour, $325. Wool arrivés frecly, and sales are made at 15 to 25 cents. New York, July 8. Wool : full blood Merino, 23a 28 ets: and 3, 18a .20 ets.Bostox, July 8. Wool : American ull blood, 34a 36 : do. half, 24a 28 : do. juarter, 24a 26. ( The Levv'is County Bank has been l ;losed by injunction. The Bank has ;öts enough to redccm its ivhole ion. The above tuble may be of some interest to farmers and others in this vicinity. The average prico of Wheat during the last year in Ann Arbor, as actually paid by bnyers, was 67 cents: the - year before 69 cents. Now if Wheat can be raised by ihe farmer at a cost of = 50 cents, it d evident that the price for the lnst two years bas been high enough to make it a good business. Many persons are indulging in anticipations of a very low prico the coming year: but we dölibt whether the avernge prico will be i any lower than it hns been for the year ' past. It is an es'ablished principie in r politïcal economy, that no mnnufactured ' nrtiele, for a length of time, will fall much beïow the cost of production; and it is also true thnl as the prico dimiuishes, the consumption increases. The present price in Npw York, we believo, 1 is about as low as it has been in twenty years, and must, Iherefore, be near to that point beyond which it cannot sink. We lliought of snying a word on the course farmers take insellingtheir wheat. Tlieie is a timo in each year when the farmer Can get a price thnt wül remunérate him, and nfibrjd a fair profil. If our trtemory serves us, there has not been 1 a yeur since 1835 in which Wheat in thiá tnarket, nt some time, would not i bring 821 cehtsa btfshel', and for the last ! two years thé highest price has been far above thaf. If the farmer se) Is os soon , as this time arfives, he is sure o{ a good ■ price, and by following up ihis plan for 25 - years, he would nfallibly prosper in the t business. On the other hand, if he Iets this opporlunity pass, and keepshis wheat ; waiting for the highest price, till the latter part of the seh&'n, ha ia then compelled to take for it jusl what it will bring - ' t may be the highest, or it may the lowest price during during the whole year. The farmer whö adopts this plan for 25 years, may, possiblj", for the wholo time, receive as mueh for his wheaf, as orie v who pursues the iormef course, but it is doublful whether hc will receive any more. The probabilities, we should think, were ratlier against his receiving t as much. Thev who hold on for the highest price shouldjiot, therefore, be ' discournged if they are sometimes compelled lo take the lowest: and those who i always make sure at a handsome remu1 neratory price should not be envious when their more risky neighbors realizo more j in a season by incurring mk than they j hnve hnefi nhlfi tri sofíire tvitlmni