Nashville union and American. [volume] (Nashville, Tenn.) 1868-1875, 1872-06-26
THE wHEAr snpnrr

l0ere is no meme which Will command
more general interest at this moment than
the position Of wheat. In some portions
of the West the crop is said to be extraor-
dinarily good both as to quality and quaint
ty, while in others it is pronounced almost
failure. A gentleman who arrived here
the other day passed through consider
able belt of the whest-growing section of
Southern Illinois and Indiana, and his in
quiries 4 almost every station along the st.
Louis and Southeastern railway elected
the fact that the present crop is the finest
that has been harvested for several wears.
This applies to the quality as well as the
quantity of the grain. The st. Louis Dem
Ocrdt, usually well posted in matters affect
ing the bTeadstufis market, has procured
extended information concerning the prob
able new wheat supply, which will be of
great interest to the growers of the gain
in this State. CAT present, says the Dem
ocrat, "there is fully as large stock of old
wheat in sight as there was at this season
last year, and it now transpires that a very
large amount offspring wheat, not reckoned
Sin sight yet, is making its way to pri-
mary markets. Chicago papers men
ton lot at one shipping station
amounting to 100000 bushels awaiting
transportation thither; and now that the
growing spring wheat crop is well out of
danger, it is quite likely that much greater
amount than was expected will be devel-
oped in first hands, and pushed forward to
market. The stock of -four in sight is also
much larger now than it was at this time
last year, and corn is in the heaviest supply
ever known. Thus it VIII be seen that
bgeadstufs are in very large supply, and
harvest is near which, Notwithstanding the
light crop reported in Middle and Northern
Missouri, Central Illinois, Southern and
Western Kansas, and all Of Nebraska, will
undoubtedly furnish nearly as many million
bushels Of good milling wheat as have ever
been produced. Kentucky has large and
excellent crop. Some $4,000 bushels of It
have been offered, to arrive on the st.
Louis Change, at $3.50, but found no
buyers. Kentucky had no wheat Of
any account last year, and was forced to
the st. Louis and other markets for her
bread. Her crop this year will balance
all the shortages in Illinois. Tennessee
has a good crop this year, and large guam
titles of her new wheat are now Offering in
st. Louis, also TO arrive. She had no wheat
last year, and was large buyer in the St.
Louis market. Her good crop will replace
the partial failure in Missouri; we say par
tial failure, because the southern belt Of
wheat-raising counties in that State have
magnificent crop magnificent both in
quantity and quality. Samples represent
ing very considerable quantities Of it have
already been shown on Change in st.
Louis. Mississippi has quite large wheat
crop this year. Last year she produced
none, and purchased quite extensively in
the st. Louis market. Her crop this year
will offset the failure in Nebraska, which
State, by the way, has neverfshipped mu,h
winter wheat to market. Georgia has a
large and most excellent crop this season,
now safely harvested and nearly all thrash
ed. Last year her crop was total
failure, and Georgia millers pur-
chased wheat extensively in the St.
Louis markets. Some Of them bought
as high as 100000 bushels. This year she
will ship wheat to st Louis; samples Of her
crop are now on market. Her success IN
this particular may be fairly placed against
the partial failure in Kansas, which deliver
ed TO the St. Louis market last year about
100000 bushels Of winter wheat. st. Louis
expects to get more than this amount from
Georgia this year, not taking into account
the large amount Of -four the Georgia mills
will turn out in direct competition in all
Southern markets with St. Louis -four.
Arkansas has grown fair crop Of wheat
this year, and her success is clear gain.
Texas has made a very large crop of wheat
also, this season, and viii have million
bushels to sell. This is clear gain. Cali
fornia has grown wonderful crop Of win
ter wheat, and if railway rates can be forced
to 40 cents per bushel from there, viii com
pete with the Mississippi valley wheats at
1,4O per bushel delivered in St. Louis, for
wheat is only worth about Csc gold in CALI
fornia now, and viii adjust itself to the
price spring wheat must take for export
from New York. The California supply is
clear gain. This for the winter wheat
What for the spring? Accounts from
Minnesota, Iowa, Wisconsin, Northern
Illinois, Kansas and Nebraska, all
agree that the crop never was BET
ter. Already the acute dealers on the Chi
cage Exchange are taking the alarm, and
July options are freely offered at Sl.2S;
August options at Sl21, and seller the year
at S1.2O. We believe that spring wheat VIII !
fall below 81 before the close Of The year.
As to the effects Of spring wheat Oh the St.
Louis market, we may state with Propriety |
tina. the miliers there declare that choice |
soft Iowa ground il with Missouri red win
ter makes a -four which deies experts to
say is not XXX winter wheat family flour.
Therefore It is morally certain that many
hundred thousand bushels Of this grade of
wheat will be purchased by St. Louis mil
lers in preference to paying twenty to thirty
cents per bushel more for an article of win
ter capable Of producing no better -four"
The Democrat adds the following:
"If we were here to record the single as
sertion that in less than sixty days winter
wheat would sell in this market at Sl.25 per
bushel, we should anger large number of
very worthy people. Wei, we do not make
the assertion, but we will 20 back on histc-
~ little and examine the receipts and pri-
ces paid in some former years during June,
July, August and September. Let us take
the years 1865 to date. We find price
of choice winter wheat in these years com
pared as follows:
1868. 1869. 1870. 1871.