The Athens post. [volume] (Athens, Tenn.) 1848-1917, 1874-10-09
Is There Any Money in Wheat?

81. Louis Democrat.
The history OF all articles that enter
into the trade aud commerce OF tho
world show certain average fluctuations
which, taken advantage Of bv shrewd
dealers, results In profit. IL IL always
safe enough 10 predict that whenever
an article Ia selling at a price which
leaves very little or no profit TO the pro-
ducer, its production will bc so largely
abandoned that prices will suddenly adj
vance. and those who we're shrewd
enough 10 be holders get rich. For.
tune. are made every year in this way
bv far-seeing operators, As late AS Jn.
ly, 1873, No. corn was selling for 81
cents per bushel in this city. aud 20 10
rs cents per pushel In the farin~s' cribs.
In fact, at poiu,s 800 TO 400 miles dis.
tant from market, corn could not bn
sold nj all In the West How j. II now
! No. 2 corn has been setting for some
time past IN tHis GA, % ~ oa ...,s -
Last july il was possible FIR speeula.
tors TO buy corn IN cribs at 90 to S5 ctnts
per bushcl pay Is cents on the dollar
down, and hold the corn IN safety with.
out expense, save the interest ON thu
money. This was done il. many instant
ccs, and every one who made such pprs
chases realized 40 10 80 per cent. profit,
after paying for the use Of his money.
Corn dropped SO very low that farmers
did not even take the trouble TO take
care of il after they had raised II, IL
was wasted on hundreds Of farms,
burned for fuel by thousands, fed indis-
criminately aud recklessly 10 all sorts
of stock In fact, each farmer seemed to
do his level best 10 reduce his coru pile,
30 SICK had they become Of looking ut
| il, aud they so far succeeded that IL was
soon discovered that the ainonnt OF
hand was surprisingly small. Farmers
planted less IN 1873. and prices advanc-
ed until the present altitude was attain,
ed. Now II Ia morally certain that
thousands of farmers, disgusted at tho
exceedingly low price of wheat, will
let large portion Of what was whoas
field last year so unsown this fall aud
plant tho groundto 10 corn next spring,
Wheat is so abundant all overthe world
this fall, and bears so low price, that
European farmers will sow less next.
spring, aud by this day twelve months.
and in fact IN much less time, tho prico
of wheat will be largely advanced be-
yond doubt. Many farmers in this
country will hold on 10 their wheat, bnt
many thousands are not able 10 hold
and from them NAV DO purchased ihcif
surplus with permission 10 allow II 10
remain In stack If not stacked, or IN
bin If threshed, at no expense 10 tho
buyer save interest on its cost. Nj illefS
who are In situation TO buy freely, aud
hsve room to carry largo stock of
whsaf. NAV mako onnn neai ~ tnuleT
in the next twelve months by holding
best grades aud selling low grades. BY
shipping their best grades 10 various
points Of consumption In the East aud
South, II can be held at cost OF fntG.
rest and insurance until next summer,
when, in all human probability, prices
will have largely advanced. Wheat Ia
now ON the "hard pan" II win not
bring the farmer In the interior OF this
State, or Of any other State, money
enough to justify him IN putting IN n
large sowing Of II this fall. Therefore,
il IL fair to conclude that the wheat crop
Of 1875 will be far below the et6p of
1874 In acreage. and s,lfl fnrthcr below
ia quality. The reduction IN acreage
will be known. 80 far az the fall sowing
il concerned. By November !, aud, It 10
proves that the acreage has largely been
reduced, an immediate hardening ot tho
market will be the result Depend up.
on it, there Is money IN wheat on u
welve.months deal.