Nashville union and American. [volume] (Nashville, Tenn.) 1868-1875, 1869-09-24
FIRST BOARD.
a II

Messrs George j. Jones Il Co., of Milwaukee
say of wheat in their circular of Sept. 49,:
THE receipts of wheat during the past week
sum up 32i,777 bushels, or an average of about
5000 bushels per day, which IS twice as much
as last week. The movement is very slOW COM
pared with last year. butitmust be remembered
that our harvest has been fully three weeks
later, and that there has been one or two rainy
days every week to delay the farmers in their
cutting and threshing. We have progressed far
enough to confirm the belief that the crop is in
the aggregate the largest we have ever secured,
and in point ofquallty superior TO last year. The
No. / is a very choice article. and the car
goes now being shipped weigh plump 60
to CO., lbs per measured bushel. which
is IL to 3 lbs per bushel heavier than last
year. The No. 2 weighs about 5715tbs few
cargoes have been shipped. weighing SO tbs but
they contained a good deal that would have
been inspected No. l had 1t been properly
cleaned. The quality Of both grades is very
handsome and they cannot fail TO command
this year in the Eastern and foreign markets
even more than tn usual difference over all
other spring waeats. The bu mess this fall. so
far rs shipping by the lakes is concerned will
be limited from six to eight weeks. aud we
therefore expect 1t to be active as long as it
lasts and vessel owners on the lakes and canals
will be likely TO receive Commemorative freights.
"Our market during the week has declined
about 51z(66 cents on 10. ], and about cents
on No. 2. a large portion of this depreciation
occurring this morning"
The Cincinnati Gazette says of wheat in that
market on the 2lst:
There is n dull and heavy market under tho
declining tendency at Liverpool and New York
and buyers have Withdrawn. No. winter red
is freely offered ut 81 20, and No. ? at 81 Is in
elevator. but concessions of SC from these
prices would have to be made to effect sales.
Sample lots sold at 81 1901 Is for good to prime
in sacks. Hill wheat is in fair demand Mt 81 25
White wheat is neglected and nominal
The London correspondent Of the New York |
and Financial Chronicle, under
late of Sept. T. furnishes the following review |
Of The wheat trade in England:
I'VE have noW reached the close of protrac- |
ed and remarkable wheat season, and brief |
may not be inappropriate or uniDter-
sitting. The season commenced at an unusually |
'arly period. owing to the forward state of the |
r0ps in 1868. In the early part of MAY. last |
ear. the average price of English wheat was as
Ugh as IDS I'd per quarter; but the prospect Of
n early and abundant crop, produced from that |
eriOd to the time when the harvest had com
lenced. a steady downward mOvementin prices.
he result was that by the 18th of July, there |
ad been decline.Of IS 4d, or to 65s per quar-
be harvest of 1868 had, however, become
matter of general knowledge, the fall in |
Tices became more rapid, and there was an al |
lost uninterrupted decline until the 18th of
december, when 49s sd was the average quota
on. From that point there was a recovery of
to So per quarter; but in April, May and June |
lere vas much heaviness in the trade, and on
re stu of hay the average price Of English
heat was only AS 4d PEI quarter. Toward the
Ose of the season, arising from caus5 IS Fhch are
10 recent 10 require recapituiatiOn, there'was |
Sc of 54s I'd. which Is the closing price OF the
ason. and which is 3 81 lower than at the
Of lS67-8. The price wGs never ct
low point as in lS64-5.- This, however. is
silly explained The crops of cereal produce ,
1854 were very large, and had been preceded
an abundant harvest in 1893. Inc result was
at at the commencement OF 1904 there was
rge supply oc old wheat in stock.
y