Buchanan County bulletin. [volume] (Independence, Iowa) 1869-1891, 1871-12-22

The advance in prices for the
past few weeks caused large ship
ments to the East, and our State
may be pretty we'll drained of all
that was intended for an early
market. The editor of the Michi-
ga'. Farmer, who is well posted in
regard to future demands says:
''Those who have their wheat in
their granaries had better keep it
there for some time, as the next
two months will probably be the
worst Of the year in which to sell.
The sudden closing Of the canals
in New York, without any prospect
Of re-opening, has shortened up the
stock at the seaboard. Fully .
million and a quarter of bushels
of wheat are stuck in the Erie
canal, and this unexpected cut off
is causing some speculation as to
what will be the result. This,
however, would be of little conse-
quence if there were large stocks at
the West that could be drawn
upon. But we think it will be
found that the surplus wheat in the
wheat growing States is much less
in quantity than is supposed; and
as it is conceded that the southern
states have short supply, and
must use q good deal of what is on
hand in Ohio, Indiana, Kentucky
and Missouri, there will probably
be less sent forward during the
winter than usual, SO that the
Spring will open with the eastern
markets pretty clear of this grain.
This is one Of the main points in
the condition of the wheat trade
that should be understood. The
latest sdvices by mail from Europe
indicate that wheat is held very
firm all over the continent at the
ports which ship this grain, and
though prices in Great Britain have
not advanced and the market there
is quiet, yet there is greater feel
ing of uncertainty about the future
range Of prices than is usual. The
wants Of France are known to be
heavy, but to what extent that coun-
try can get along and feed her pop.
ulation, with her light crop, and
great deficiency, is not yet develop
ed. Spectators are at the stand
still. The Mark Lane Erpress Of
the latest date received, says that
the idea that the necessities of
France must have decided effect
OH prices, has become SO prevalent
all over Europe that it is checking
expectation, because holders are SO
firm in asking high rates that ex-
port is checked. Dantzic, Ham,
burgh, Stettin and Berlin, as we'll
as Holland and Belgium, keep up
their rates, almost in defiance of
the fluctuations in the English
markets. To Great Britain there
has been such heavy shipments of
foreign grain in anticipation of her
own wants as well as those of
France, that she is well stocked,
and it is the large temporary sup
ply that has not yet had time to be
worked off, that has made the de-
cline in prices, and a dizziness in
the purchase Of American wheat.
The accounts from the Danubian
provinces are bad, and the wet
harvest has made wheat that comes
from the Black Sea at this season
regarded with suspicion on account
of its soft condition. We have
seen nothing in the home or foreign
reports to cause us to change our
mind in regard to the prospects of
wheat yet, and we think that with
the necessary consumption during
the coming three months at home
and abroad, we shall see very ac-
tive demand at enhanced rates for
all the wheat there is in the coun-
try."