Lynchburg daily Virginian. [volume] (Lynchburg [Va.]) 1852-1861, 1854-07-20
LYNCnBURG VIRGIINNIIAANN .
Tne Crons Pnces

TIE Crops Pllces.
Information given through the press. from tn
different sections of this State. does not justify
now that the Wheat harvest has been finished
conclusion that there will BIZ more than barely al
average yield of wheat the present season. i
viii no doubt fall below the yield of the pas
year. owing to casualties of fly. rust. smut, &c
which in many large wheat growing counties
have very seriously affected the crop. The oat
crop. though not large. is more abundant than
for two or three years past, as is also the pros
poet of the corn crop. Upon the whole, however.
we do not understand from the current reports,
that the production of breadstuffs, and particu.
larly of wheat the present year in the L. States,
viii equal the production Of 1853. If this eonelu-
sion be correct, the price of wheat, under the
influence Of prolongaton of the present po-
litical condition If Europe. must continue TO rule
high, should The English and French har-
vests reach an average production. The Baltic
and Black sea corn trade will doubtless remaiu
for some time cut off, as now, from Western
Europe, and the large supplies usually drawn in
to the English market from those sources be
mostly consumed in the maintenance of the hos
tile forces by which they are at present occupied
Only in the South of Europe Is abundance nj pre-
sent looked for. But larger part Of the sup
plies which may be produced in Italy aud Sou
them France will no doubt be required and held
to restore the surplus, now exhausted, which is
there usually kept on hand. \ cautious policy,
under the existing threatening state Of affairs on
the European continent, will rendor-sueh a
course imperative. Then even supposiug that
France may draw a sufliecncy from her own har.
vest-whioh is yet very doubtful-she will
certainly not be able TO furnish any of her or
binary quota of breadstuff- to England and we are
justified therefore in oancludng,th the large de-
felt which always exists in the English markets
must be drawn principally from the United States
But in this county, while the crop Is certainly
not larger than last year. we are led TO believe
that there is comparatively no surplus, such as
was on hand al the opening of 53 to meet a for
eign demand. Even under tbs stimulating inilu-
enec of the high prices of the present year. the
exports OF wheat and -four from New York have
been less since January than for the sanc time
last year. whilst the expectation Of has arga
ly increased; which shows a relative exhaustion of
supplies. As compared with 1919 the New
York Economist presents the following iacts:
This year the exports of Flour in June
were only II, 966 against 3l2,0s0 in the same
month of 1917: of Wheat 700,000 bushels less
and Corn 100000 bushels less. The exports
of United States in Flour and Wheat, up to the
end OF March, exceed those of the sumo time in
ls47 by s,300.000 bushels during the three
months ending with June, they hive been 2,500,
000 bushels ess than in lS47. showing the great
exhaustion of the crops throughout the winter
months"
The foreign demand from this country must
evidently be supplied, then, principally from the
crop ON hand aud hence the conclusion which
we have already presented, that prices of bread
stufts in the United States, under almost any
probable aspect of European supplies must con-
tinuc TO rule high.
We present the above conclusions, but without
any disposition To assume the d 'lieate task of
advising the farmer rs TO the course which he
should pursue in the disposal of his grain. lie
would be well compensated for the labor Of pro
duotion at 81 20 for wheat, which is about the
price at which the market promises 10 open; if
however he choose To wait and indulge in "A spec
ulation Tor higher rates, prefer that be should
do % on his own responsibility.