Clarksville chronicle. (Clarksville, Tenn.) 186?-1872, 1869-09-04
Crop Prospects Throughout the
World.
From the New York Express

IRON tne New York Express.I
The grain harvests of the country
are just now exciting considerable
discussion in financial and produce
circles more especially as taken in con-
nection with our foreign indebted
ness, and the probable extent of the
export demand in the future. South
ern States have raised the largest crop
of winter wheat and corn grown since
the close of the war. The quality of
the weat is very fine, and some of the
samples that have thus far reached
this market are the finest ever exhib-
tied on the produce exchange. The
South has not only raised wheat and
corn enough for hero consumption,
but will have considerable wheat to
send North, or to export direct to
Europe, from the Southern seaports.
This places the South independent of
the West for her supply of grain the
first time in many years. In the
West the winter wheat crop has been
large and the quality fine. The
spring wheat has been damaged in
some sections of the West by rains
and cold weather early in the season,
but, on the whole, the crop will be
large, in fact one of the largest ever
raised.
The corn crop has been seriously
damaged in certain sections, and at
one time the famine Spectators af-
fected to believe that it was total
failure, but the fine weather for some
time past has gone far toward dissi-
pating the theory. 1t is now general
ly conceded that the final result OF
the crop will show that the damage
by the cold weather and the late
spring has been over-estimated. The
small grains in the west are reported
as doing well. And now turning to
the distant Pacific we find that the
prospect is also bright. In California
the yield of wheat to the acre is not so
large as last year, while the quality
on the average, too, is not so good;
but to Offset these draw backs, q much
larger area of land has been planted
and the total crop will be great
er than ever before. To sum up, then,
our harvests in the aggregate will be
large and bountiful, and we shall
have not only enough for our own
consumption, but plenty to spare fol
Europe. The crop. prospects In Eu-
| IODc vi latC,
at one time the indications were In
favor of considerable falling offin the
yield in some directions. The latest
account from Europe place the yield
of wheat in England, the north Of
France, and some portions of Ger.
many, ut about one-fifth below last
year, but in England there is an in,
crease of other grains, more especial
ly oats. Accounts from other parts
of Europe state the crops are abundant
particularly in Russia, Spain and 1t.
ally.
There isno doubt that England and
France will have to draw to con.
siderable extent upon other countries
for extra supplies of breadstuffs, and
here of course America can come in
with her surplus stocks. 1t Is well
settled fact, however that we need
not look for high prices, and thi;
should be borne in mind by farmers
and the community I'm general. Eu.
rope, according to present appearan'
ces will only take our breadstuffs al
moderate prices, any material adj
vance here will check shipments
This thing has been demonstrated by
the working of our breadstuff market
recently. The speculative element In
the grain trade should he kept down
and every effort to initiate values by
speculation should be frowned upon
by all intelligent men. A specula'
ton in bread stuffs might temporari'
ly carry up prices, but the shipments
would he stopped, and the reaction
which would surely follow, bring ruin
and disaster to our produce mer
chants, and entail heavy losses on the
Z farmers. The prospects are that tho
; Black Sea and Mediterranean port
will be powerful competitors will
America In supplying England ant
France with any breadstufls they
may need from abroad, and this fac
should be weighed well by all in thu
: produce trade. The sad expert
ence of spectators for two years bacl
should be a warning to all ambition
men desiring to take a venture In thi
/, direction. The West IA still deeply II
! debt to the New York merchants
3 and IL is OF the utmost importane
, that her grain should be 10 the sea
board and marketed at the earlies
moment, 30 that old debts may b
I cancelled and our city continue In II
: onward march to prosperity.
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