The Wheeling daily register. [volume] (Wheeling, W. Va.) 1864-1878, 1875-11-02
The wheat Present as Well
as PrOspectiyely.

nave often been asked what We think OF
wheat. Do YOU think the prices Will rule
high? To this question We lave almost
invariably ANS wered, No; not ut present.
We give you some OF our reasons Tor
thinking ~ We do:
We believe there is ut least 81! per
cent of the old crop in the hands OF
farmers.
This NAV seem at first an cXaggera-
ton; but after careful consideration ""
think YOU will agree with u. There Is
no way in which we can arrive at " cor
rect estimate except from reference.
1t will be remembered that last year :
crop was the largest ever raised-that
from the close of harvest up To- the pres
ent time there was no inducement to sell.
The crop opened ut exceedingly low
prices-the prices running from s24c to
9Oc I'D to the close OF this year; IN lact
UP to the time Of reported damage to
the winter wheat crop or excessive cold
weather At this time there were eA-
aggerated reports of terrible damage to
Il cror. 80 much so that il WIS generally
believed that the winter wheat crop Was
ruined. Under these reports, farmers
held back their wheat expecting to real
ize fabulous prices.
Later in the season. and during the
planting time for spring wheat, severe
storms and floods caused delay IN plant
ing. There was another scare, giving a
greater assurance for high prices. Up to
harvest, the weather continued unsettled,
and at sometimes bad; and Just u the
wheat was ripe and only partly harvest
ed we had terrible storms, causing delay
in harvesting, and serious damage 20 the
wheat. According to the reports, the
crop had been three times ruined, and
vet prices have not attained point
sufficiently nigh to induce the farmers
to sell freely In our opinion there has
been ~ much OF al eNaggera.ron ~ these
reports rs was the report that the corn
wa. NIL marketed last March, and a
there was none in the country. it must
bring very nigh prices during the sum
mer. Instead of this we have continued
heavy receipts up to the present writing,
and they still continue al the rate OF 300
to 400 cars per day.
The occurring of the bad weather has,
however, delayed the delivery Of tins
cron from 30 to 90 days Fortunate
~ there was enough uu hand To- supply
all demands during that time. But II
reduces the demand just 80 much for
this crop,
our crop has only now fairly com
menced to move Our receipts now are far
in excess of any corresponding time, and
that to-Iwhen freights by lake, canal and
railroad are advancing. Our present
suprly Of wheat on hand seems to be
large 1t is reported that the stocks in
warehouse in England and Scotland
are large-held on speculaton-and
that the quantity IN transit Is also large.
In this country there seems to be no lack
Of supplics-indced, they are large. and
dailv accommodating. According to the
latest reports we have in round num-
ters.
Bushels,
I'm store and afioat In New York ...,,,
City and
ON the 'otoVNI
Aroat on the lakes, estimated....... ,DJ,~t
N.piryato,aI Of $4,000
From 50 to % per cent of this wheat Is
Of the lower grades-No 3, rejected, and
unmerchantaOle.
At St. Louis, Toledo and Detroit, we
also notice large arrivals Of wheat; much
Of il we believe of inferior quality, rs
farmers invariably market their poor
wheat first.
That the present crop was damaged
there i. 10 question, bnt with the incre"se
in the crop Of Minnesota reported from
10000 900 to 10 100000 in excess Of last
wear; Kansas estimated at from 1000 OoC
TO 100000 in excess of last year; Mich
igan with II large crop o. fine wheat
Wisconsin particularly the northern
part. with large excess with the excess
Of the Southern States, with the surplus
left over from last year, W. think there
/, no ucct-iuu Tor expecting very high
prices toy Tia. present. particularly while
The hu.mc>. OF the world remains IN It's
now Grmoraiil"i condition.