Nashville union and American. [volume] (Nashville, Tenn.) 1868-1875, 1875-07-01
THE WHEAT SUPPLY AND FUTURE
OF PRICES,

On this subiect-never of more
vital interest to the farmers of Ten
nessee than at the present moment
the Ne1 York Tribune OF the 2Sth
instant says: "The inquiry for the fu-
ture has greatly abated, buyers, in
view of the liberal supply now Gin
sight" and near at hand contend for
lower prices, but most holders feel con-
fdent that the wants of Europe, espe-
cially for red, are so large as to take
up all the surplus of this country and
Of Russia. Much Of the wheat now at
Liverpool, London and Glasgow is
white, and our spring wheat Will ali be
wanted to mix with it. After the
month of July nothing of moment
will arrive in Great Britain from Cali
fornia until October, a. little was
shipped from there during the months
of April and May, and only one load
Of wheat 50 far this month. The ex-
ports from California for the year
ending with this week have been A.
5S4,516 bushels, chiefly for Great
Britain, and the surplus Of California
this year, we think, will be less than
half that of last year. Almost every
day S advices from the Pacific coast con-
firm this view, and We greatly fear the
falling off in the exports viii be soon
greater than we have stated. 1t Is too
early to express any opinion in regard
to probable surplus of the Atlantic
States, but it will be considerably less
than the pastyear. The reports from
the Northwest since our last have proved
favorable from most points. In few
localities the grasshopers have done
some injury, but thus far 1t has been
confined to a few places. From
the winter wheat States the reports are
not satisfactory; from Southern Ohio,
Indiana, Illinois, Kentucky, and Mis-
souri, much damage is apprehended
from a cold storm Of some tW Give days
Duration, this more particularly true of
Southern Indiana and Illinois, where
the wheat is ripe and would have been
harvested but for the storm The har-
vest in Tennessee is about over and the
result is very variable, the quality ofthe
Red and Amber is generally good. In
Georgia and Virginia the crop iscut, and
it proves to be much below an average
and the quality much below that Of
former years. From some points in
Virginia the quality is highly spoken
of, though the yield is moderate. The
weather is now favorablefOr the harvest
IN the Middle States, and a fortnight
more Of the present weather would en-
able the farmers to secure the bulk of
the crop south of this latitude. In
Winter wheat the business has been
moderate and the arrivals light; not
outstanding this prices are much lower
and unsettled at the close. The de-
mand for winter is confined to our local
millers. The first samples Of new crop
from Tennessee were exhibited on
Change during the week; they proved !
to be good. The exports of the week
are 8SO,I26 bushels, against 966,354
bushels the corresponding week last
year. The exports from this coast the |
past week have been only l,25O,057
bushels, about one. sixth the quantity |
for the continent. The quantity of |
wheat now afoat for Great Britain is
about l 100000 qrs., and after the 18th
IF July there viii be a material falling |
IF from the Pacific coast"
KNoxvILLE's new daily, the Age,
will Be an afternoon paper. Col. G. w.
Charlton, of the Grange Outlook, is