The Indiana State sentinel. [volume] (Indianapolis) 1868-1895, 1874-03-31

In March, 1871, 1o7i
% Now, here is a range of seven years In sue
cession, from 1864 to 1870, inclusive, and the
highest prices of each year ranged from sl.SO
to S7L cents-three years out OF the seven,
prices ranging above 81 per bushel, shd the
other four ranging from S7% cents TO 81 per
bushel. Hence 50 cents, the point 10 wnlcn
I predict the market will reach, is really be-
low the average of the highest prices for ten
years past, including the three wonderful
crop-years of $780, ISL and 1872. Now, is
this crazy estimate to count on 81
cents? The truth is, that those years
were remarkably prolific, and prices
have ruled ruinously low for the pro-
ducer, and we have become So habituated
10 20-cent corn in the country, that 81
cents per bushel seems fabulous.
quote froms former letter: Farmers
cannot produce corn profitabiy at less than
forty cents per bushel at their home market
in an average season, and, as class, corn
farmers are worse off to-day than they
were in 1853. They have made no money
since then. Now, what are the prospects
for 1912 Let Us look back again. The win
ter of 1859 was similar to thls,-open and
warm, spring cold and stormy, trosts in
May and June, and In July the corn was
killed tothe ground. The winter of '66 and
81 was open and warm; spring cold and
| wet. The crop of '6S was txcsllent but
there followed another open winter and
late, wet spring, and poor crops in '69. Elk
perience proves that in a bad season the
crop is always overestimated. Good think
ers among farmers agree with me,
that it y requires fully oBe.third
OF a good crop to feed work stock
and home cattle; none of which goes to
make meat for market, and this thought,
together with the large amount consumed
for fatten1ng purposes, corresponds with my
actual observations, to prove that the
amount of old corn can not be large. The
rtr1of frrr fer 60
large portion of the old stock in the hands
of mid nemen as at present; consequently
nearly all the old stock of corn is "visible"
on the lines of transportation, and in most
places the stocks are largely overestimated.
| consider ii certain that: (l the receipts
in Chicago of corn for 1874 will not
exceed one-half those OF 1876; ~ we must
draw on the present stocks for eight or
nine msnths before the new crop can be
available and (3) it is uncertain what the
coming season will be. and farmers should
ponder these things well before they sell
their supplies. 81 = GN HtEHl
BARLEY AND MALT.
The New York Bulletin, March 26, gives
the following: The scarcity and dearness of
barley continue to exert. as might be ex-
pected, an unfavorable influence on the
brewing interest. An effort was made re-
Gently to move up the price of ale, so as to
keep pace with the advance of the raw ma
terial;n but IL was not successful, and the
market has now about settled back to pre-
vious quotations. We showed in the Bulle-
tin few days since that we were drawing
supplies of barley not only from California,
but from Hungary and Scandinavia as well.
The total importations into the United States
for the month ending March IA were as fol-
lows:
Bushels
Barley from London, Liverpool, Bristol
and GLASGOW. also from Bremen,
BareY m and from london and Liver
Grand total for four weeks.....-........ AS, 2Os
With reference to the present and future
condition of the barley and malt interest,
the Gazette says: -rt Il.
1--WE are assured on the best authority
that the first of April, 1874, will find a larger
stock Of barley on hand than did the first OF
April, 1873. As there are yet two good
months for mailing, il is to be hoped the
| trade will recover the check 1t has received
| from the high prices that hay ruled the last
| five months. The brewing business at this
time is not in the most prosperous condition,
but this is not attributable alone to high
priced barley"
| to be inferred rather that the temperance
excitement, prevalent more or less all over
| the country. is leading to a marked curtail-
ment of consumption.
TEXAS BUTcHERY. Hs.a-
A letter from Fulton, Texas, in the Balti-
more American gives some details about the
slaughtering of cattle in that place. During
| the winter months 81, $50 beeves were slaugh-
| tered, but only 7,749 of this number were
packed and shipped north. Thus some 80,
900 head were killed for their hides and tai
low alone. The amount of tallow shipped
/ was 2 4S4 hhds and 1 ,056 tee, weighing 3049,
| 200 lbs. The hides were sailed, and the bones
and animal refuse from the rendering watts
were sold, and are now being ground at tine
rate OF 16 tons daily at the mill of Messrs
Charles Holden Il Co., and shipped to Phila-
delphia in heavy canvas bags. 1t smells as
strong of ammonia as the veritabIe Peruvian
guano.
CORN TRADE OF EUROPE.
The Mark Lane Express of March 9th, re-
views the week thus: For the commence
ment of March the past week has been unu'
sually mild, and therefore somewhat suspi
cious as to its close No signs, however, o
any damage done to the growing crops have
I yet been reported here, or In any part o.