Nashville union and American. [volume] (Nashville, Tenn.) 1868-1875, 1872-10-20
FIOur and Wheat.

Inc movement OF HOUR at Inc receiving
points at lake ports was for the week ended
Oct. 5, 14S,942 barrels, against IA, 278 bar
rels the previous week, 193, 129 barrels for
the corresponding week in 1871, and 1851
SOP barrels for the correspeb ding week in
1870. The receipts at seaboard ports for
the week ended Oct. 5, 1872, were 227, 1897
barrels, against 219,939 barrels for the
week ended Sept. 2e, and OILS barrels
for the week ended Sept. Fl, 1872, and
against 237, 459 barrels for the week ended
Oct. 8, 1871. The receipts at New York
for the last two weeks hava been 174, S8i
barrels, against sales of 178,803 barrels
and exports of 54,147 barrels. There
has been with the moder ate city manu-
facture no accumulation of stock, which
is small for the season of the year.
The visible supply Of wheat, including
the stocks in granary at the principal points
of accumulation, at lake and seaboard ports
and in transit on the lakes, the New York
canals and by rail, was on the 9Th inst.
5,769,072 bushels against 5,554, 720 bushels
the previous week, $500, 769 bushels the
corresponding week in 1871, and 1896, 900
bushels the corresponding week in 1870.
The winter wheat crop of Michigan is esti-
mated to he deficient this year as compared
with last 100000 bushels. The stock here
is nominal, only %, 142 bushels at last re-
port, Oct. 9Th. 1t is not probable with the
probable expected demand from abroad
that there will be any accumulation of
stock bere TO go into winter, as has been for
the last three years upwards of 100000
bushels. The visible supply is now short
of last year 1921 1872 bushels. The re-
ceipts st lake ports for the week ended Oct.
9th were 2,246, 391 bushels against 2, I50,-
347 bushels the previous week, 2,G57,262
bushels the corresponding week in
1871, and 913,933 bushels the
| corresponding week in 1870. 1t has been
estimated by competent English authority
that the United Kingdom will require to
import foreign wheat from Sep. /, 1872, to
Aug. 81, 1873, to supplement the home
cop, which is estimated to be fourteen per
| cent. below an average, or twelve million
quarters equal to ninesy-six million bush
els. California has already exported since
| July !, 1872, four million bushels, all to
| Great Britain, and the exports from Allan
| tic seabOard ports for same destination are
| now two and One-half million bushels per
month. The Baltic ports Of Russia, that
exported last year from Sept. to Dec. 81,
| 100000 bushels, are expected to have only
| 100000 bushels for export during the four
months ending Dec. 81, 1872. The Rus
sian ports of 1aganrog and Rostofi, in the
Sea Of Azov, show deficiency in the ex-
port of wheat to Sept. 9, this year, as COM
pared with last year for the correspond
ing period, of 5,585, l24 bushels.
This region has less than an average wheat
crop. 1t is confidently estimated that Cal
ifornia will have twenty to twenty three
million bushels surplus wheat for export.
How much France, Germany, Hungary,
Southern Russia, Egypt, Australia, Chill
and Oregon will have for export remains TO
be determined. The supplemental wants
of the United Kingdom will, probably, fall
below the estimates, as they have generally
been larger in the early estimates
than justified and confirmed by the results.
The above imperfec5 array of facts and es-
innate indicate that there will be good ex-
port demand for ali the surplus wheat we
shall have to spare at fair prices. With in
creased farmers deliveries in the British
Isles and increased imports there will not
unlikely be some depression in prices, per-
haps as low as the range for October and
November, 1871. It is, however, quite
probable that the range of prices will be
considerably above the average of the last
five years.