Nashville union and American. [volume] (Nashville, Tenn.) 1868-1875, 1875-06-17
New YORK Tribune. june u.

New York Tribune, june Il.
The features Of our wheat market the
| past week have presented a decided con-
| trast to those Of the preceding week. The
more favorable adVices from Europe, and
| large orders thence, especially from the
/ Continent, have given a decided impulse
/ to the market, and a very large business
has been done in spring, part TO auive.
| The absence Of liberal supply Of Chicago
| spring has compelled shippers to fill their
/ orders with Milwaukee, and this las been
purchased largely for present and tu-
/ lure delivery at a decided advance. The
| receipts at the upper lake ports have fallen
/ OF somewhat, and the shipments to Buffalo
/ and OswegO up to the 9th Of June were
| greatly below the expectations Of the trade,
/ this especially true Of Chicago; but since
I that date clearanCes from that port have
| been large. In previous issue we esti-
mated the exports from thisp0rJ I'm June at
100000 bushels, but owing to Chicago
Withholding her supplies from market, we
find our estimate was much too large, and
now place il at about 100000 bushels,
and the prospects nov are that the exports
for July will exceed 1, 100000 bushels. In
September last, the attentive reader will re-
member, we estimated the crop in WinCOn-
sin and Minnesota at 80 per cent below
that Of the preceding year, aud we have
had no reason since 10 change that
estimate; and assuming that estimate
10 be correct, they (the farmers)
must now hold considerable wheat
but much less than for the corresponding
time in 1874. The increase in their local
wants and in the quantity required for
seed, we think, has been greater than we
estimated. They still hold, probably,
twenty to twenty-five per cent. Of the last
crop. aud will be slow to market it until
they have secured another crop, or until
they know the result Of the growing crop
the report from the winter wheat States
respe cling the growing crop are generally
as favorable from the West as previously
advised, but from the Atlantic States they
are less favorable, ard it is very plain that
We must look to the West to make good the
deficiency. The spring wheat crop prom
ise5 well, and farmers in the winter
wheat States hold fully one-third Of
their crop. Our surplus for export
the coming autumn viii be moderate
but so much depends upon the weather up
10 harvest that it is useless to express any
opinion Of the probable amount. Our ad-
vices from California this week have been
favorable; their surplus promises TO be
larger than was estimated three weeks
since. Our advices from Europe are gem
erally not Is favorable rs previously re-
ceived. and it is very evident their crops on
the continent and in Great Britain 10 not
promise an average. Our estimate made
some time since Of the consumption Of
wheat for cattle food in Great Britain and
on the continent (and 70 which We at
tached much Importance in November
and December last), was much too
small. Notwithstanding the large inn
pOrtations into Great Britain since the
1st Of October last and the very large de-
liveries of their farmers, we find they hold
very light stocks at all their principal ports,
and the same is true Of the Continent gem
orally, and il is very evident that they viii
have to depend upon this country this year,
as hitherto, TO make good their deficiencies.
The quantity now afOat from this country,
including California, is very much less
than at the corresponding time last year.
From this coast the quantity is about l.
100000 bushels, about one quarter Of 1t for
the Continent. In winter the business has
been greatly restricted for want Of assort-
ment. The export from this port this
week has been S74,929 bushels, against
1,514,OS6 bushels the corresponding week
last year.
A WESTERN VIEW OF THE SITUATION.
Chicago Tribune.
There is some reason to fear that the late
rains in England have done material dam
ace to the potato crop. If this should