The daily Gate City. [volume] (Keokuk, Iowa) 1855-1916, 1866-10-09
Financial allo GumnlsrtiaI.
The Cereal Crops and tn. Export Trad

The Cereal Crops and the Export Trade.
From the New York Shipping List.l
Sufficient time has elapsed since the heavy rains
and frost in the Northwest TO form tolerably cor
rect estimate Of the damage sustained by the corn
crop. We have received mass Of information on
the subject from correspondents and newspapers
whose means for procuring it are superior, which
forces the conviction that much of the fear that
has been expressed for the crop has been baaed
upon superficial observation. That the yield has
been somewhat curtailed there is no reason to
doubt, but, from the largely increased area of
ground seeded, the concurrent testimony of those
who have made careful inquiry, aided by
tended observation and collation. OF evidence, is
that the damage has not been sufficiently great to
prevent the harvesting of larger crop this year in
the Northwest than in any previous season in its
history. That there win be much larger supply
Of unsound corn, there 10 every reason to believe
The agricultural report for September places the
crop at more than LOCO, 900, 600 bushels, adding
that, "slthough late fears OF killing frost have
been realized only TO = small extent, yet recently
deluging rains have overhowed large areas of
ripening corn in the West and retarded its matur-
ing, generally arousing some ApprehenBions Of
iufevior quality in that which is not fully matur-
ed Later advices may alter the present aspect
Of the question u supply, and upon this many i'm
portant contingencies will hinge. among them the
extent of the export trade and the prices of hog
products. Pork operators are watching tie course
of events with more than the usual degree Of in
terest. The stock of Pork all the country, is
very light, the quantity in this market being on
the LIST instant, only Il, 665 pounds the 1ightest
supply for many years. Corn has lately advanced
materially, but the improvement in the price Of
pork has been quite unimportant, the article being
at the present high prices, rather delicate to han
die, owing to the difficulties which environ the
trade.
The ST. Louis Democrat says: "But few packers.
ifapy have heen aha IN mako
through the medium of assessors lists, Of princely
or even respectable dimensions: result which has
to be accounted for the superstition that the
stock raisers received all the profits. With NO ex
pectations of fareign demand beyond the usual
magnitude for American provisions, and the
tainty Of domestic quietude. operators. With the
experiences of the year, will likely be cautious,
while hog owners, unwilling to yield the high
rates which have ruled, viii hold TO their preten-
tions with 6rmness, relax them but partially.
In this conflict is involved the extent Of pork
operators during the approaching winter
In Cincinnati the same cautious policy 10 OBJ
served among operators. The Price Current of
that city says there 10 no disposition manifested
to speculate in hog products, and nothing but the
very light supply prevents general decline in
prices"
With regard to the export trade ia corn
more encouraging, The advices which have
reached rs from the other side Of the Atlantic for
some time past have not been favorable A. regards
the agricultural interests, either in Great Britain
or on the Continent. The summer has been cool
aud unreasonable. and, during harvest, large
amount OF rain fell, which injured the grain crop
more or less, and this coupled with the fact that
they were below an average, has caused gradual
adssnce In prices, with . strong market The
limits Of shippers have lately been raised, and this
encourages the hope that We may have briak de-
mand during the winter and spring. The light
receipts and high prices, however, continue to
operate - serious drawback to the export trade,
and nm easy money market has . tendency TO a.
grivate matters by enabling spectators to largely
control prices.