, 1867-11-08
rh. whes, Market.

informed correspondent of the Sacramento Union,
who computes that -four and grain to the amount
of Sl2, ,OOO, 900, have been shipped from Califor-
mia the present season, and that in the excitement
attending the foreign demand the home market
has been stripped to such an extent that 1t is
doubtful whether sufficient -four has been re,
tanned to meet the wants of the domestic market
The speculations of the writer, which we pub,
lish on our first page, are interesting and merit
attention. Having given the views of we'll
informed California authority, in continuation of
the same purpose we quote from the market res
port ofthe N Y. Tribune, of the 10th ult., state
ment which shows that the high prices prevails
ing are the result of an absolute scarcity. 1t
says:
During the past week we have had quite an
animated but various wheat market; the very
favorable advices from Europe, and the large
orders thence gave a decided impulse to busi-
ness; and but for the scarcity of freight room,
and the extreme rates insisted on, the transac-.
tions would have been much larger Soon after
our last review, under liberal arrivals and a
scarcity of vessels, prices fell of l0@l2c. per
bBsh~ls I@A-- --4~.--s-
Liverpool, the decline was fully recovered, ana
still half of the improvement was lost on spring.
At the concession we had a brisk export demand,
and latterly the the purchases have been large,
for export chiefly. Winter wheat has rapidly
improved, but the transactions have not been
large and are confined chiefly to milers. The
extreme prices INSISTED on have checked busi>
ness materially. Our stock of this wheat is very
meager, and we find the supply of white is in
the hands of one or two houses, and this is held
much higher. Prices on the sea- board are rela-
lively much below those in the interior, and
hence most holders are confident that present
prices can easily be maintained. The fact Of so
little white wheat being in transitu, either from
the West or California, contributes to the firm
ness. As the season advances the people seem to
fully realize the accuracy of the position occu>
pied by us in July, and we find that most mer-
chants agree with us that the crop of winter
wheat is lamentably short. 1t is, perhaps,
rendered more apparent thus carly, owing to the
fact that farmers at the West not having up to
the present time, favorable season for sowing
their winter wheat lowing to the excessive
drought the seed sown has not come up), hence
they are less inclined to sell freely, and this,
doubtless, has diminished the receipts at some
points considerably. The receipts of spring
wheat at the lake ports have been large, and are
likely TO continue fair this month. This Will
give Us a considerable surplus at this port for
export dnrng the winter, and there is no reason
to doubt that We shall have "A large shipping de-
mand at high prices. The exports of the week
are 366, ,634 bushels, against Is ,297 bushels the
corresponding week last year.
The view of the market, as presented by the
y. Y. Tribune, is anything but encouraging for
those who have been constantly asserting that
high prices were altogether the result OF specu>
laton, and that with the exhaustion of those
who were flying kites breadstuffs would come
down to the old figures. Recognizing the fact
that there is an absolute scarcity, an Eastern ex-
change INDUCES in the following reflections
This view of the market may be rather discour-
aging to those who hoped for cheap flour; but it
cannot be overdrawn in view Of the fact that the
genuine crop Of Europe is short. The three sue
cessive years of short crops of wheat are really
eaou 81 To ase the question of what IS Co be the
future of the flour products in this country. Has
the actual fertility of the soil diminished? If so
put on the fertilizers. Has the draft from Europe
increased faster than our rates OF production
If so, pow up the new lands and let us bave
more wheat; or does it appear that the time has
come when the habits of the people must change,
and such grain rye, barley and oats must be
called in, as well as corn for home use? Here
may be the point after all to which the eaters
may have TO come. If our country cannot give
us 60 to work aud learn how to use the coarser
grains as has been been done in Scotland and
Germany.
Rather a COME down for our pampered Amer
leans to feed upon oats and barley bread, but to
tais complexion not unlikely will it come at last
Those who have given the subject serious atten-
tion incline to the opinion that the produc-
tiveness of the soil in the Eastern States is in
measure exhausted. Take the grain growing
districts, and with the utmost labor and care it
is difficult to wiring from the earth ten 10 fifteen
bushels to the acre. These figures represent
what they term good crops-the average yield
being from six TO eight bushels to the acre, and
Indifferent wheat at that. In view of this
picture, certainly our own producers have reas-
scarcely necessary to tickle the land with plow
to secure return of from forty to fifty bushels
to the acre, and the indolent farmer who trusts
to "volunteer CROP is quite certain to reap
from twenty to thirty bushels to the acre. Our
object, however, is not to set forth the advanta-
ges of our soil, but to give our farmer readers
the data on which they can base au intelligent
opinion as to the expediency of disposing Of their
stocks at the rates that now prevail. Many of
them of the opinion that -four will reach a
still higher figure and hence are unwilling to
sell at ruling rates The position may thus be
stated; From Europe, from the Atlantic States,
from California, and the isles of the sea, there
comes up one universal complaint of the search
ty of breadstufs, and to meet this great demand
the surplus crop of Oregon and our own Valley
remain to be drawn upon. Paraphrazing the
scripture expression we may well ask, "What
are these among so many?" With the facts thus
presented, our farmer friends can determine
whether it is wise policy to sell their wheat for
fifty, or even sixty cents bushel.
-@-7--~7~~----->or---~~~-~~0O~
The SpeakershP.-A private letter from
the Sound, states that Hop. p. B. johnson,
member of the House from Walla Walia
county, is prominently named for the Speaks
ership. So far so good. The same writer
says that the editor of the Statesman has
been named for President of the Council.
This last announcement spoils the whole
story, and forces us to the conclusion that