The Athens post. [volume] (Athens, Tenn.) 1848-1917, 1874-07-17
Wheat---PrObable Prices.


with prices below what the farmers
propose 10 sell at. We have no opinion
of our own as 10 the probability of an
early and satisfactory advance, ut give
such information as has reached us from
bel3g, with the remark that it is from
a source entitled TO the fullest credit.
sThc following is from an Atlanta let
ter dated the 10th:
The prospect for diving prices" for
wheat improves. 1t is now generally
acknowledged that an over-estimate
has been placed on the yield OF the
Georgia and Tennessee wheat crop. Our
wheat crop is light, aud yours is not as
heavy as first reported. Our millers
here are disposed to yield a little on
wheat, but still try 10 depress prices in
this market, so that they may be thus
enabled 10 buy your wheat in Tonnes.
see at low figures. For the benefit Of
your people we will say that in this
market today choice white wheat
would command Sl45 per bushcl, aud
that If your people will hold their wheat
they will get full prices between now
aud September LIST. Our plan, which
would enable them to checkmate
the millers. would be to refuse to sell
except at full prices. Failing to get
that, they could ship their wheat TO
Southern Commission Merchants, OBJ
tain advances on same, and thus force
the Millers to pay reasonable prices.
Your wheat is worth Sl.l5 to Sl.25 for
white, 81. 10 to $l.20 for red and amber,
at your place, and your people should
not take less. They can If they desire
ship their wheat. get advances OH same
say Sl.00 per bushel-and realize in
addition a handsome profit on same
when sold. The Georgia Millers, hav-
ing entered into an arrangement, will
not compete with each other IN yOur
section. They say that there is wheat
enough for all of them, that IL is I'M
wise to raise prices on each other, and
the better to carry out that plan, they
try to depress prices here to prevent
shipments 10 this market. But day
they would pay here for few loads
each Sl,40 TO 81 45 for choice white, TO
keep them running until they can get
cheap wheat from East Tennessee.
A subsequent letter from the same
source says:
We find that western wheat cannot
be brought here as low as we expected,
and the tendency is to higher prices,
Your wheat growers and dealers would
do better to ship their wheat to this
market draw against il for IS cents to
Sl.00 per bushel, if they need advances,
and hold here for say $l.30 to Sl.35 for
good to choice amber, and Sl.40 to
SLAB for choice white. AS before ex-
pressed, we do not think it to be to the
interest Of Millers to put prices down
to point where it will not pay the pro-
Queer. The interest of trade in general
requires that while the Miller should
make fair profit. the producer should
be encouraged by liberal prices to in.
crease his crops. The more wheat that
is grown at home the less money we
will have 10 send west for it, and the
higher the price the more will be pro.
duced. Hence, it is peculiarly the in
terest of us all that wheat should bring
liberal prices, and the Atlanta Mer.
chants will do all in their power to that
end by making very liberal advances to
shippers, holding their wheat for good
prices, and doing so on moderate terms.
Our Millcrs as a rule are liberal buyers
and generally pay fair prices, but, OF
course will try to buy at as low figures
as they can, as they have TO compete
with western flour in this market.
While the crop of wheat is much lar.
ger than it was last year, still the yield
is not near as heavy as was expect.
ed and the tendency Of the market AT
present is to more firm feeling. While
it is unsafe 10 rely too much on reports
Of injury to the corn crop and conse.
quent "shOrt crops" thereby creating a
greater want for wheat and stimulating
prices; still the reports from the west
are, that the corn crop is injured and
will likely be short.
There is nothing doing in wheat at
this place, the farmers generally being
unwilling TO sell at less than $l.25. We
hear OF similar indisposition to sell
at present prices at other points along
the line, though come shipments have
been made from Ricevillc, Charleston
and Cleveland. The price Of wheat, as
of other articles Of necessity, is gov
erned by well defined law of supply
and demand, and all organized efforts or
combinations to force the market up in
one direction or force it down in ano-
ther, cannot but result injuriously both
to tie producer and consumer. This is
patent enough for blind man to see.
A Call.
From the Loudon Times Of last week.
AS several gentlemen have been spo.
ken Of in connection with this Senate.
rial District aud desiring man who
will truly represent our interests in the
next Legislature against monopolies Of
every species, we present the name Of