Nashville union and American. [volume] (Nashville, Tenn.) 1853-1862, 1858-06-17
THE CROP PROSPECTS.

Unusual disasters have attended the growing
crops Of this season Storms and foods have fol-
lowed each other in quick succession, and on lands
situated beyond the reach Of overhoWs from Streams,
the immense quantities Of rain that have fallen
have brought on the rust in the wheat and cat fields
and retarded their growth, while they have deferred
the farmers from putting in their corn crop. Con-
lectures as to the amount Of damage done rife,
and while it seems to be generally admitted that
With favorable weather from this cut the yield may
yet be fair, it has already engendered speculation
and within day or two an advance has been estab-
Ished in Louisville and Cincinnati Speaking on
this subject the Cincinnati Gazette Of the 4th has
the following which is to the point:
The leading features in the general market on
Saturday was a speculative movement in -four, with
an advance Of l5@25c per Dbl, based on the dis
couragiHg reports Of damages to the growing crops
The sales were not large, the offerings were quite
moderate owing to continued light receipts; gu
perfne ranged from S4(Gg4 rs, and extra light 81
3Oa4 80, being an advance Of 25G50c on the for
mer The market closed unsettled and irregular.
Corn also advanced largely, closing at Sac Oats
were held at 40c. with sales at 38c. Wheat was in
better demand and higher prices we're asked, but
heard of 10 sales at an advance. It is not to be
denied that the growing crops are in critical con-
ultl0n but Slll there are EeahOAs utaLeEb
should speculate very cautiously in anticipation Of
a deficient harvest. The worst side has unquestiOn-
ably been presented in most cases, and a fortnight
or SO of fine weather would 90 far towards repairing
the damages caused by the rains
So far as regards wheat the present prospects are
that there will certainly be, in the middle Western
States, over half an average crop, and with ex-
listing foreign demand and the immense stock Ct
old sill in the country, this would secure full sup
plies for the coming year. Besides, large crops
have been secured IN the South. 1t would be fortu-
nate for the West, if with fair crop an impetus
could be given the trade thst would insure bet
ter demand AID higher prices than have lately
prevailed but no good can result from temporary
excitement, if the data upon which the movement is
based turns out to be unreliable 1t is worth while
therefore, to look carefully into the condition of
the crop before riding too far on short crop
hobby.
New York dealers had not caught the 'sfever" on
Saturday, and quotations in that market we're only
a trife higher than our currency The prospects
are by far more gloomy for corn than wheat still,
the future determine the result of this crop
Planting has been backward, and great deal OF land
intended for will not be planted at all. On the
other hand great deal has been planted, and with
favorable weather hereafter, crops on uplsnds may
do well. The crop is in a critical condition, but it
may out pretty well for all that, and this being
the case it is hardly safe to jump at small crop
conclusion at this period of the season.
1t is fact, we believe, that since the settlement
of this country the crop Of Indian corn has never
been known to fail, although once in every two or
three, short CROP was footed up about this pc
Rod of the season. The harvests were Of course
better some seasons than others, but there never
was failure such as he's been experienced in wheat
and other small grain. The stocks Of old corn are
large the foreign demand is light; an excessive, or
even full average crop is not needed
1t would be diHicu to estimate the value TO the
country of the bracing atmosphere, the penetrating
wind, and the genial sunshine, Of yesterday. The
day did much toward putting a new face upon the
country, which had been much disfgured by the rains
of Thursday and Friday.