Pomeroy weekly telegraph. [volume] (Pomeroy, Meigs County, Ohio) 1860-1866, 1861-10-25

Prospects Of Farmers - I'M
mense Sales Of Flour, Wheat
and Corn,
W ~ NJ
lArtemus.

IIOSJGCLS cl z dIulGIS - LII
mense Sales Of Flour, Wheat
and Corn.
Scarcely had our September issue
reached its readers, before temporary
downward turn occurred in the prices
of breadstuffs This was to be expected,
in the natural course of trade and spec
ulation; buta subscriber seized upon the
occasion to send us a sharp lecture
upon the hopeful prospects, we held
forth last month. He complained that
we had induced him to hold on to his
-four, and NOW it was getting lower
every day" The only answer we have,
is, to point him to the present ''prices
current. given on page BIG. And, by
the way, every reader will be interested
in our Market Review this month. In
some respects it is the most important
one we bave ever published in the
american Agricuztwist, The tables
giving summary Of the transactions in
breadstuhs, both for month past, and
for the grain year ending Sept. 1st, are
of the highest moment.
The sales in this market alone have
reached the unprecedented figures of
5,473,125 bushels during the past p
business days. The sales of -four have
been 533, ,812 barrels, equivalent to over
100000 bushels Of wbeat-the total
sales of wheat and -four being equivalent
to about 100000 bushels of wheat
And very large proportion of this has
been sold for export to other countries.
Do we need any better evidence Of the
correctness of the predictions Of the
4mertcon Agriculturist for months past,
that forei gn harvests would turn out
greatly deficient this year? We say
again, that there is, and is to be for
some time to come, heavy demand
upon our markets to supply the de-
fciency in breadstuffs in Great Britain,
and especially in France, and to some
extent in other parts Of Western Europe.
This statement is founded not only upon
the condition of the weather, at the time
of the last Autumn sowing, and after
ward, but also upon our full informa-
ton, private and otherwise, derived
from various foreign sources. We're we
now importing foreign manufactures as
freely US usual, the demand upon us for
breadstuffs would be almost unlimited,
and at high rates. As it is, all the sur
plus we can we'll spare at anything like
the present prices, will be called for
abroad, even if to be paid for entirely in
gold.
We have also prepared for the Ao,cri-
can Agrtculturist summary Of the ex-
ports for seven years past. (see page
316) Those tables show that during
seven years we have exported 62,Sl6,-
478 bushels of Wheat; 9,l32,593
barrels Of Flour equivalent to, say
45, ,G62, 965 bushels Of wheaD, and st.
lOO,254 bushels Of Corn. But of this
there has been exported for the grain
year just closed, 29,OO5, 1866 bushels
of wheat, which, with the 2,7O3,790
barrels~of flour, is equivalent to forty
t,co and half million (42,524,6 ,6l6)
bushels of wheat, at the usual es-
innate of five bushels of wheat for one
barrel of -four. 1t will be seen that
during the pest gear re hare exported
29,OO5,8 bushels Of uheat, against
only 33,SlO,6l2 during the 1ehole Of the
sic preceding gears! The exports of
corn for the past year amounted to H.,
SOC, 179 bushels, against 25,264,075 for
the six years previous.
Reckoning the foxr as wheat, our ex-
ports of Wheat and Corn, for the past
year, have reached orr fifty million
(54,33O,o95) bushels! And our
Western granaries are by no means ex-
hausted. The arrivals in this city since
our last report (27 business days., have
been 479, 800 barrels of Flour, 3, ,401 600
bushels of Wheat, 3,605, 600 bushels of
Corn, 398,969 bushels of Oats, 45, ,159
bushels of Rye, and 65,925 bushels of
Barley-equivalent to very nearly
Q0,000,000) ten million bushels of
grain The amount brought forward
has only been limited by the capacity of
the canals and railroads. Much larger
recei pts would have found ready buyers.
1t seems very evident that Providence
has kindly prepared our country for its
present trials, so far as it's material in
terests are concerned. Never before
was there an equal surplus of bread
stuffs; never before greater foreign de-
mand; never before SO much solid gold
currency on hand and available for
moving the crops; and all these circum-
stances have come together. Our grain
would be next to valueless, were not the
surplus wanted abroad, while that de-
mand would not avail US, had we not
the surplus capital to move the grain
1t is a long road that has no turn. For
four years past the farming interest has
been much depressed, by poor crops and
by financial difficulties. 1t would now
seem that the upward turn is at hand.
The vast addition made to the currency
of the country, in the issue of SO many
millions Of Treasury Notes, cannot do
otherwise than make money plenty, and
this will gradually, if not at once, in