The Jasper weekly courier. [volume] (Jasper, Ind.) 1858-1922, 1870-02-25

che Future or the wheat IiariSc..
The probable condition of the Wheat
market during the next three or four
months is question OF great interest 80
! 9th dealers and producers. III most re-
snrcts. the season .hns far has been an
unsatisfactory one 10 all classes except
consumers. ana its influence on trade
generally has been uniayorGhlc, giving
rise TO serious iorchodingS for the inn
mediate future. \ very large amount al
sac Yield of 1869 has already been placed
upon the market and passed into con-
sumption. white the exports have reach
ca unusual figures c2aiing 100000
bushels since September |. against g.
25eNOO bushels up Ia the same date for
lSGS 3. Notwithstanding this free move
incnt OF the staple, the stocks held nj the
larrc grain ccntcrS NJ the Yves! are OK
ccedingly heavy. ~ Chicago the amount
in store j. nearl, 3 POO. 900 bushels. and
ut Milwaukee 2tNu.,UO. and ii is steadily
increasing AZ MI points. while farmers
everywhere are also large holders. The
fact that producers have turned epcr,-
lators has worked much injury 10 trade
generally. Western iobbers are com
planning that collections are exceedingly
difficult. while in turn the burden is liz
led from the shoulders of the country
merchant and laid upon those Of The far
mrrs. 1t is said the latter have Wheat.
but will not sell III current prices TO pay
store debts. As a partial result of such
action on their part. trade is much de-
pressed. and failures are occurring more
or less all over the country. all OF which
exert reflex influence in creating a
gloomy and Respondent feeling in bust
ness circles.
In view of these facts ii becomes a
question of serious importance whether
holders. farmers or middle-mcl. arc act
ing wisely in refusing present prices.
and whether by such course they are
not making il certain that prices will be
still lower in the spring. thus bringing
no relief to themselves and inilicting
still greater injury upon the trade gene
rally. 1t should be remembered that the
markets everywhere at points of con-
sumption are holding more than their
usual stocks, and will do 50 at The open
ing of the spring trade. when the Grain
still held back must be moved. There
is no prospect of n foreign war; or any
other disturbance that will create an un-
usual demand, while the crops every
where, now upon the ground, So far rs
reports are received are looking favor
able. With these facts well established,
ns they seem to be. we can see no pros
pect Of better prices prevailing that
warrant the Withholding Of the staple
from the market. The probabilities, i'll
deed. are the other way.
The condition of much of 1he Grain
now held is such that some OF the best
operators regard it as very doubtful
whether it can be handled with safety.
as soon rs warm weather shall set in. un-
less ii is Kept moving and passes into
immediate consumption. Hence, for these
reasons. there is little doubt but that the
amount of Wheat that will be thrown
and even pressed upon the market DUR
ing the months of April, May and June,
will largely exceed that of any former
year. Ii so, the markets will doubtless
be glutted,and every one can judge what
ere likely to be the prices that will pre-
vail. Such are the views entertained by
most if not all the leading Western
Grain merchants, and they seem to lis TO
be well founded. Under all the circuIn-
stances, there seems TO be but little wis
dom in holding Wheat for Il rise. low as
arc the prices that can be realized at the
present time. New York Commercial
Bulletin.