The Wheeling daily register. [volume] (Wheeling, W. Va.) 1864-1878, 1867-07-20

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ago, since which time the breadth OF
tho land devoted to agricultural pro
duets has been vastly increased in al
parts of the North. The prices of al
these products have advanced some
what. An estimate of the value OF the
crup Of 1867 may he reached by adding
fine amount produced i'll lsjO (excepf
II cotton aud sugar f"rty per cent
81. I'll ,..,ti .I..l. "a. IhrIeas q quantity
&C Tt, st sum pro-
duced by this calculation is so much
zealth added TO the national capital; II
IS contribution b.; aaturo 90 the IN
dustry of the people; it is IN" PROD nc.
of the labor of the agricr "ralist. ~
will do much 70 relieve tn "nances Vi
the country; and will reli. - money
market. 1t will he OF sp' Il value 70
the people of thu South. They have
had little or no money since the war;
they have not been able 10 employ the
labor thav wanted, because they had
not the money to pay for IT.. ~
A London letter of the 10Th of June
in the Financial Chronicle says: Al
though no change has taken place in
the value of wheat, the state of the
market seems TO indicate that We are on
the eve of great change in this depart
mept of commerce. We have now had
a week of very magnificent weather. Al
ter wet and cold spring, a period OF
almost unprecedented warm, dry wealth
er has set in, and, what is Il somewhat
unusual circumstance in this country,
for the last ten days the sky has been
cloud!css, and the SIM hot but not
forcing. The wheat plant, more eSpe-
cially upon heavy and undralnrd or
badly drained soils, has thrived i'm
mcns"ly. while on III" light soils it has
approached steadily toward maturity.
In all our districts rhr wheat plant IS
i'm fall bloom, Will" in several quarters
it has passed through this stage,
and the ears have been firmly set.
Perhaps az no former period has there
been more favorable weather for the
growing plant. But, notwithstanding
the favorable prospect the value OF
wheat has not materially declined, ana
| may perhaps be allowed To observe
that my observations OF Il few weeks
since have. in this respect, proved quite
correct. Noticed that We could expect
any important decline previously to the
new crop being ready for market, owing
to the small supply OF homegrown
" heat in the cuuntTy. aS we'll az 10 the
circumstance that our nmportatIons
were likely to he only Oh sptsfe sutfi-
GENTLY large to balance pretty equally
supply and demand. | remarked, that
with this equal balance, only fine
weather and favorable harvest pros
poet here and abroad could check fur
Their rise in the value of wheat, and the
limited fall which has taken place since
seems 10 me to fully Justify the asser-
ton. In fact, had it not been for the
fineness of the weather, and the prospect
of full average crop of wheat here, III
France, Germany and the United States,
an important rise il prices must
have been the result. The pres
eut state of the trade seems to
be thus: Farmers hold small supplies,
while our imports are only on moder-
ate scale; consequently, there IS no
actual abundance, although our pros
pective supplies before harvest are
sufficiently extensive to meet our wants
during that period. Farmers are neces-
sarilv aware of the favorable harvest
prospect here aud abroad, and evince Il
desire to sell, hut as their supplies are
small. this desire is by no means strong,
and h.ncc there is 10 actual pressure
upon the market. On the other hand,
millrrS. who are thoroughly acquainted
with the state of the crops, are still cX-
erci>ing the greatest caution, and con-
fine their purchases IL the supply OF
their immediate wants. The parcels
they purchase, are, therefore, chiefly i'll
retail; and in those cases in which they
notice a desire Oh the part of farmer
or factor to sell, they are enabled TO
trunsaet business OH rather low terms.
In this condition the trndo SO lil"ly to
remain until we are acquainted with
the result of the harvest here and III
foreign countries, and Judging from the
character of some recent transactions III
produce for delivery during the latter
mUa;l.s Of III GEAR, heavy fall III
prices Is likely 20 :ake place previously
To he COMMENCEMENT Of :hc winter
!ADi.thS.