Nashville union and American. [volume] (Nashville, Tenn.) 1868-1875, 1875-07-23

| OOnUInental Shippers and ran mainly OF
the better qualities of spring wheat
Pr ces Of spring wheat have advanced
with various fluctuations, within ter
days twelve to fifteen cents a bushel
and the highest points yet reached this
season were made yesterday, when the
Improvement over Saturday was from
three to five cents a bushel. Winter
wheat has 80 far not attracted anything
like the usual share Of attention from
export buyers, particularly for the Con-
tinent, and, though the stock of this
description is light, holders have not
been able to realize any advance cor
responding with thesharp rise in spring
wheat.
The -four market is largely benefited
by the increased export demand, chiefly
for spring wheat brands, which have
advanced fifty to seVenty-five cents per
barrel on very extensive transactions,
largely to arrive. The export purchases
of flour comprised an unusual proper
ton of the better class of shipping
grades, as also of Minnesota extras.
The Indian corn market has not been
so seriously affected by the adviees
from abroad and the consequent ad-
vance in -four and wheat here, as might
have been anticipated; but the market
has been gradually strengthening and
the export inquiry increasing until yes
terday, when extensive purchases were
made on export account at an advance
of about two cents a bushel on Satur-
days prices, the market closing strong.
The provision market has not yet felt
tie force of the activity in the grain
trade, but a moderate advance is looked
forward to by shippers. Out Of the
export demand has grown an active in
quiry for freight room, berth and
charter at advancing rates. The freight
market closed yesterday especially
strong on charter suited to the grain
trade, which was offered less freely at
the current rates.
CONDITION OF THE EUROPEAN CROPS.
New York Bulletin, July 2o.
Our latest crop advices from the
Continent of Europe, which appear In
another column, afford an explanation
of the recent activity IN the export de-
mand for wheat, which has been a par
tial mystery to the gram trade of this
port. The French crops have suffered
very severely from the heavy and pro-
tTacted rains, and not alone IN the
flooded districts, but throughout large
surface Of the country. The accounts
to which we refer represent the South,
Southeast and centre as
having suffered heavily from beating
down and from "rust;" so that, in
those sections, neither the quantity n r
the quality are expected to reach ga
small average" In the Western,
Northern and Eastern departmental the
injury has not been 50 great. This
condition of things doubtless formed
the basis of the very active foreign
demand, especially from France, which
has affected our wheat market for the
last two weeks. Other discouraging
facts doubtless at the same time
this tendency to get sup
plies from the United States while
prices were exceptionally low. In North
Germany, there had been, previous to
July LIST, several weeks of rain, beat
ing down the crops, and IN localities
the trust" prevailed, which had caused
at Stettan a moderation of expecta-
tions as to the yield. The advices from
the Black Sea provinces of Russia
are particularly discouraging. In the
Of Taganrog and NoVot-
cherkask, locusts had appeared, after
a drouth Of five weeks with l04 deg. Of
heat; and both the winter and spring
wheat crops are reported lost. Fur
Their to the interior Of Russia, however,
the condition Of the crops is on the
whole satisfactory; and the same may
be said Of the Polish provinces.
The hot weather which has
caused so much injury in Southern
Russia appears to have extended West
ward through R0umania and Southern
hungary, affecting very injuriOusly an
important grain belt Of country. Re
ports from Jassy, Of June IS, say "the
winter wheat is destroyed" and similar
reports come from the more southern
points Of Hungary; but in all these
districts large stocks of last years
crop are represented as still in farmers
hands. The unusually protracted and
heavy rains that have fallen IN England
within the last ten days, have come at
3 time when they could not benefit the
wheat cron, but might cause 1t injury,
through breaking 1t down, and pro-
iueing other mischiefs incident TO pro
tracted dampness. We must expect,
indeed, to hear serious complaints from
that quarter; but coming at an ad-
7anced stage Of ripening, the injury
nay possibly be mitigated by sub
5equent fine weather.
Upon the whole, the course Of the
weather, for the last three or four
weeks, has been decidedly Unfavorsble to
the crops over a very large area of
Europe, covering the most important
grain exporting districts; and the in
Jury sustained has b en- sufficient to
modify very materially the anticipa-
lions Of yield enteTta ned a month ago.
1t is this change in the European har.
vest prospects that has been steadily
the English and Co t.
mental markets, and the result has
been seen at New York in an extraOr-
binary export of wheat and an equally
extraordinary advance in prices. ]
Whether the full effect of this change
# prospects has been already realized,
II whether the speculative demand
rom Europe has exceeded what the Oc.
,asiOn warrants, are matters which can
De determined only by fuller informa-
ion respecting the yield of the larger
grain producing countries of Europe.
A REPRESENTATIVES, ENGLISH