From the NeW- York american.
NT nyTp J}REAn SPECULATION,
{"newspaper_name": "Delaware journal.", "edition": "01", "page": "p3", "byline": ""}
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FLOUR. BREAD, SfECOLA lOlN.


Who is there that now reflects on the extravasant
speculation in wheat and four that does not dread
the consequences that again await our unthinklng
citizens for engaging in this new mania? The les
son on cotton it seems is already forgotten.


In respect to the rise in this country OF the prlce
of wheat. let us look into facts, that must Or ought
to be known to all mercantile men, and see on what
poor basis this matter stands
In Ffarce for these last three years, 'Oleat and
Noasy has been as low in price as in the United
States, and it must not be forgotten, that France IS
only across the British channelnota at distance OF
voyage of so or 60 days from England, as we are.
In France the merchants are waiting. as they are
here far the GRADUATED duty'' in England to fall,
so as to admit it to be sold IN the latter country az
about eight dollars clear of duty and charges, when,
Of course they will pour it in till the article becomes
as dead, at half its present price here, as what 1t
was here and in France twelve months ago.


Rut. so far as we have news from England, the
nrce there is vet not so high to let in free OF u
tv. and it may not at all come TO that. If it should
the Frence and Polish wheat will go there.


If the English market should not be open to'
them. why then, we americans will be able to ac
commodate the French and Prussians, by buying o
them their good and cheap auheat provided that INT
speculators in the United States are determined tf
hold on to our wheat at taco dollars per bushel' Wh
we can import foreign wheat, to cost 70 cents al
duty of 25 cents. -,
In fact It will be doing substantial benefit to tn
Consumers of breua in The United States. and en-
courage little rivalry among our ship owners again
if the duty of 25 cents bushe was repealed at IN
present session Of Congress, and thereby teach Anne
rican sneculators lesson, which really seems TO
called for on account of the unnecessary panic an
priyation to which they have already subjected
THOUSANDS OF OUR CITIZENS.