Nashville union and American. [volume] (Nashville, Tenn.) 1868-1875, 1873-01-25
are very much less than. lsn, usual. while

| eA0 very mucn less Than usual, while in
German ports and in the United Kingdom
they are less than at the close of 1871. The
unfaVorable crop prospects in Great Britain
IL connection with her always large re-
quirements from foreign imports, between
THIS time an the coming harvest, and the
probable amounts that can be obtained
Rom the several exporting countries, in-
Guiding Russia, which has conceded def
cheney oftwenty-five per cent, indicate full
II not higher prices during the succeeding
eight months. The London Times, of a
recent date, said: Judging from present ap-
pearances, the area under wheat in 1873
viii prove one of the shortest on record,
and this, following the most inferior crop
which has been harvested for many years,
must awaken serious apprehensions on the
partof consumers as well as producers.
The heavy rains have caused serious dam
age to the sown wheat. Mr.. Thomas C.
Scott, in letter to the Mark Lane Er-
press under date of Dec. 2l, 1872, es-
Inmates the loss to the growers of
wheat in the United Kingdom at f3 per
acre on the 3,S70,000 acres usually sown to
wheat, or money value Of III millions
sterling. As indicating the movement of
cereals in the United States during the sec
ond week in January, 1873, we find 3,562,-
BAT bushels against 4, 266 ,241 bushels dur
lug the corresponding period in 1872. |
About eight per cent of last years cereals |
reached the seaboard.
The Cincinnati Price Cmreat discusses
this question as follows:
"There was a time when such a crop of |
winter wheat as we had in the West during |
the past season would have been excessive, |
but the demand of late years has increased |
faster than the production, and now, at the
beginning Of winter, we find that the great
bulk of the winter wheat has already been
marketed, and it seems probable that the
millers who would run the year round on
this kind of wheat if they could get it, will
be forced to substitute spring wheat. For
some time spring wheat -four has been sell
ing in this market in competition with win
ter, and it is so much cheaper that it will
doubtless be still more extensively used
during the winter and spring. The supply
of winter wheat is SO much reduced that it
is not probable that any decline in price will
take place in this class of wheat and -four,
50 that the consumption will be turned up
on spring wheat -four. With this increase
in consumption it will not be long before
the markets vii! feel the stimulating effect,
and whatever the course of prices in Eng
land, we may look for firm markets here.
Gas regards England, it is well known
that she has a very poor crop of wheat
short in quantity and very inferior in quail
ity. She is getting some excellent wheat
from California, and she is fortunate in be-
ing able to obtain supplies from there, for
the Atlantic slope has little to spare. This
is shown by the comparatively small ex-
ports, and the still smaller visible supply as
compared with last year. The foreign ex-
pors of breadstuffs from New York from
Jan. to Dec 10, 1872, compare with the
corresponding time in two years preceding
as follows:
Flour, bbls. 81. l,I40,Sl7 l6G2,l43 1,9i4,777
Wheat bush. .12,H ,H2,423 21,S74,59S l7,722,lS3
Corn, bush. . rs, 54,637 l2,O67,563 S99,O62
This shows large falling Off in wheat
and -four, and large gain in corn. The
reduction has been chiefly in the the crop.
ave turn now to the visible supply in
New York, in transit on the railroads from
the West to the East, and frozen up on the
New York canals and in lake cities, st.
Louis, Toronto, Montreal, Boston and Phil
adelpha, which aggregated, Dec. Z, and
the corresponding time last year as follows:
Wheat, bush...............4Sas,ess 1o,5iS,G2s
Corn. bush. &, S,6Sl,933 6,2l2,57 |
Oats, bush. h...---..'..-.-.-. .S,oZl ,5SS o'Io5,5 ~
Barley, bush.......-.......2,4Ol,5 ,559 2,626,S42
"By The above it will be seen that there
is less than half the visible supply Of wheat
now than year ago, although the exports
have been scarcely more than half what
they were last year. OF the stock in sight,
New Yorks holds one-q quarter, and even
that is t. small supply for her, with naviga-
ton closed for the season. Under such cir
the inevitable course OF the
market must be upward; perhaps the only
reason why they have not already advanced
more is that Spectators have not secured
as much as th9yswans.
"Of corn there is a superabundance every
where, but the export demand is large, and
that, too, has probably seen its lowest point
coats have been sent to market freely,
but the stock in sight is materially less than
a year ago, and prices are certainly low, but
they are more affected by the price of corn
than is wheat.
Charley is plenty, but the consumption is
large, and that, too, as well as rye, has
probably seen its lowest point"