Nashville union and dispatch. [volume] (Nashville, Tenn.) 1866-1868, 1868-04-25
FIRST BOARD.

The New York Tribune in its money ar
ticle Of the 21st inst. says:
"Money continues to increase in supply,
and at COZ all borrowers of fair credit are
promptly supplied. At the close Of bust
ness hours there was large Offering Of
balances for which in many cases there was
no employment at any rate Of interest.
Lenders are less exacting as to collaterals,
and anything salable is taken at reasona-
bic margins. For commercial paper no
change in supply or rates. For best to fair
names the price is 1903 per cent"
A writer in the Cincinnati Price Current
insists that the supply Of wheat at the lead
ing ports is short. He says:
at will thus be seen that Cincinnati is
short-neariy one million bushels Of wheat,
In wheat and -four, St. Louis over 100000
bushels; New Orleans about 500 600 bush
els; Chicago gains 10000 bushels wheat,
but loses 70, 900 barrels -four, making loss
of 100000 bushels Of wheat. Milwaukee
also gains in wheat 100000 bushels, but
loses in -four 10000 barrels, making a loss
Of over 100000 bushels OF wheat Thus
we see shortage of receipts Of wheatssfor
llAub bidt6l hl-OAutllIdltg TOOyOOO Oh
Louis, 100000; Chicago, 100000; Mil
waukee, 100000; in all, 100000 bushels
wheat, to which, if We add New Orleans,
the total will amount to over 100000
bushels of wheat
at may be said that the above is not
fair statement of the case. Admitted, that
it is only a comparison of certain times
with their results-one year with another !;
still, there never has been more favorable
season for deliveries of grain than that por-
ton of it from January l, 1858; and in the
case of Cincinnati and New Orleans, the
whole season is included. 1t may be shown
that Chicago and Milwaukee have received,
since the harvest of 1867, more wheat than
ever before; but if so, where has IL gone,
and why are stocks 70 low everywhere ?
The reply, We think, il to be found IN the
columns Of the Price Current, in comment
ing on the winter wheat crop Of the three
past years In the supplement to the Pres
Current Of September IL, 1867, you re-
mark:
The wheat crops of 1865 and 1866 hay
ing been bad failures, left the United States
bare Of old wheat at the close Of August,
1866, but the extent of the failure Of the
crop was not known al LhaL time, duu II
was not until April last that this became
manifest, when prices ran up to point
(S3 so per bushe) never known before in
this market. The crop Of 1865 was ruined
by wet weather during harvest, that Of 1886
by being winter killed, 90 that what was
left over from 1865 was poor in quality, and
40; only this, brN deficient in quantity, add
the crop Of 1866 was very short, though
sound, 50 that at one time the indications
were that the supply would be exhausted
long before the new crop matured.
The present years crop is good IN quail
itv, being gathered in the best condition,
but the quantity is deficient as regards win
ter; which is not over tWo-thirds 81 an
average as regards the yield per acre; and
there was much lees land sOwH than The
previous year, owing to the unusual vet
weather 10 last September. The spring
wheat is god, aud there was large ~
! crease 10 the amount sown, 50 that the sup
ply II a moderate one, bat not up to sn
! average, because Of the fact that the old
supply ID exhausted more thoroughly than
ever before"