New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1874-09-28
THE WHEAT CROP AND THE RAILROADS.

THE WHEAT CROP AND THE RAILROADS.
TO me EDITOR Of The Tribune.
SIR: In certain quarters much stress is
laid upon the argument that present disposition Of
tho Western wheat growers to hold back their crop from
market will accrue the benefit OF the railroads a1ter
the close of lake and canal navigation 1t is very POSI-
lively asserted that immense wheat crop must DC
moved this winter-why after the close OF navigation
more than now explaned-and that therefore, the
railroads may expect unusually good winters Dusl
ness. How true false these hopes may prove to De-
time alone can determine but viewed in the light OF
experience, they certainly appear TO DC deIuse lne
farmer is holding back his because he Will not ac
cept the present market What is there TO Indicate
future advance, or even the sustaining of present
prices Great Britain is the only country that Is short
and many of the countries which last year were her
competitors in buying from this year our COM
pettors selling her, and every days delay ON the
mart of our farmers in accepting the situation, re-
duces the quantity which We should EMP thls
year. as the English market is steadily being
supplied from other sources. On Friday
the 25th Instant, wheat sold in Liverpool at
S. cd. aud 6s lOi. per 100 pounds, fthe lowest
prce vet touched in the recent decline, 30,
If we are to permit others TO take the entire
English and only foreign market there is to be this
year, on what Western farmers to depend for
market unless home consumption Now, while the
actual total of wheat sight the 10th inst is some
Quantity In Store at and east Of Buffalo is l568OOO
bushels against 7S5OO bushels in s73 an increase OF
ss 900 bushels. The exports OF wheat from New York
since jan l. 1874 have been 2O6l7Oo bushels, against
y bushels in 1873, while for the week past they
have been only $4,000 bushels against 1l0OO bushels
in the corresponding week OF 1873.
II there is to be advance In price, ana the FARMER
Will the present market only IN small quantities,
why must" he rush at the same or lower prices In
Decemberi All experience teaches us that he Will not
do 1t. The fofowlng-which you have before quoted
from The chicago Tribune Of I'd instant appears to ex-
press the probable course which will be pursued:
The Fall movement OF grain Eastward does not prom
Use brisk past years but the outlook
the which commenced to-day Is not so bad
except In wheat The wheat prospect Is rather gloomy
ms Indications to the effect that there is more
than will wanted for consumption, and that means
low prices what does find "a market There seems
be hep for IL but 10 be cOnent 10 h0d on ana
wait for better prices in the event OF less noera sup
ply in some future year good deal OF the corn tnat
has sold for 5c this season was Two or three
years Old and 1t paid 10 keep it, when the owners couid
afford To do
Just the Of things which now suits In regard 10
the wheat crop and its was clearly indicated
in the financial column OF THE TRIBUNE on the 9Th OF
July, and can nothing indicating any activity
in the movement wheat the remainder OF this crop
year. D.
Eeic- York, Sept. 20, 1874.