Alexandria gazette. [volume] (Alexandria, D.C.) 1834-1974, 1858-11-11
Whcat--Prices.

Early 10 July, we gave our views OF the
meaning wheat crop, and argued, that
though there was q partial failure OF the
crop, vet high prices would not rule through
out the country, because there was large
stock of old wheat in store, in the W est and
Northwest, and that the promise OF iull
average yield. in the grsln-growing oouotries
of the Old World. precluded the proosoiii'y
of large export demand. That high prices
could not DO expected by our farmers IN this
market, because the prices IN the large gram
markets of the country must regulate, 10
very great extent tue prices here; ana, De-
sides. the CON petion of the East Tennessee
and Virginia Railroad, to Rockville, would
bring to Redmond quite as much wheat
from Tennessee as would make up the de-
ficieucy 10 our crop. For these reasons, o..
pecialy, and for the general reason, that IN
a series of years the farmer who sells early
will realize larger price for his crop than
by holdiug for the chances of larger price.
we advised an early sale. subsequently, We
advised such of our friends as bad redAy
prime lots Of wheat not to be 10 unnecessary
haste TO put them into market, intlmatipg
thereby that there would probably be no de-
crease 10 price of this quality, and probably
slight advance, still, however, advising, a.
the safest rule, to make early sales.
| How far our reasoning was sound and our
predictions verified we leave our readers to
| ledge. The West has sent forward very
large quau.ity--!he crop abroad was good
! there has been very limited demand Tor
! Europe, and Tennessee has sent to this mar
Ket a large quantity. At the date of our
secord article July 3Ol wheat bad advanced
! 10 ceuts upon the opeOlng prices, ana the
market then stood at 81 80 for strictly prime
white, and luctuatcd between 81 50 and
! 81 80, with "a occasional advance upon the
last figures fer u very extra To-, to the LIST
inst While prime whest has commanded
steadily these prices, during the months OF
August, September, aud October, the infer
ior grades have been heavy, and sold at low
err prices in proportion, during the same
tmo-commanding from 81 10 TO 81 Is and
upward, as 10 quality. The disprop ortionats
supply OF common 10 good wheat in our
market, was caused by the increased quaint
ty from Tennessee. While much Of 1t was
COED in itself, yet it was no. generally we'll
prepared, and very large portion OF 1t come
into MARKET mixcd-old and uow-good,
medium and bad. All such lots we're clss-
sed with inferior gradss-glutting the mar
ket and realizing low prices. Mixed lots are
deprecated nearly TO she standard OF the
most inferior part and average 10 price low.
er than would DO the case if carefully grad
ed. This can be easily done by the buyer
let him have three separate bins, or places,
each for red and white, and as it is brought
in by the farmers, let each quality be put To-
to bin with ike quality, and when shipped
! let it be 80 marked as that both the Commits
sion Merchant and Miller can assert with
the least trouble.
We wUuld, also, call attention to the very
great importance OF cleaning thoroughly BE-
tore putting into market. The difference in
price will much more than pay Tor the time
and labor.
Whea. has been depressed for several
weeks past, in all the principal maj kets OF
the country, aud the tendency of all grades,
and especially the lower, has been down.
ward. Within few days, however, there
has been better feeling, and the opinion is
held by CUT Northern exchanges that prices
will recover. This revival has arisen, as we
apprehend, maiuly from the low prices in
| New York, inducing the farmers to withhold
their crops.
With larger stock on hand 10 the grain
markets Of the county than usual at this
season. with As large a stock in the hand, OF
the producer as then, and with fair average
crops abroad, we see nothing TO justify an
| expectation OF higher prices. but on the con.
| trary we incline to the opinion that for seve-
raj moths to come, prices must rule lower.
|. is true that the large bulk of the wheat
pressing upon the market is of inferior quail
ity, and it is fair to infer that that which re-
maios 10 the hands of the producers will
average no bette. in quality, and hence real
iy prime wheat may possibly continue to
bring good prices.
Oar advices from Europe and from Rio
are uufavorable.
The results of the harvests in England
ard France may always be inferred from the
time foreign purchasers come into American
markets. IL short, the bulk OF their purchs-
ses are made early, if an average, they are
made later. Az no large orders from them
have been upon the market we infer q con.
tirmation of the reports Of sD average crop.
When their crop Is an average they are still
| Obliged to buy, but with a supply Of their
own to feed their people for the most Ct the
year, they will choose their own time and
market u make their purchases. Before
they will come into the markets of this coun.
try there must probably be further decline
10 prcs.--Rich. Enquirer.