Nashville union and American. [volume] (Nashville, Tenn.) 1868-1875, 1875-07-22

] independent OF the EnglSn al
vices, have given a decided i'm
pulse to the market. The damage
age to the crops IN France by floods
| has been great, but the plant had been
| greatly retarded in its growth by the
cold, dry weather in the spring, and
since the 18th Of June IN many dis
tTicts it has ripened prematurely under
the tropical heat Of the sun, and the
same causes have been even more
marked in Austria, Hungary and South
Russia. A correspondent writing from
Vienna expresses the opinion that Rus
| STA cannot count on more than half a
crop, and the same is true of much of
Hungary and Austria, but in a country
Ike Russia, covering an area so i'm
mense, we think it too early to form a
| correct Judgment Of the prob
ale result 1t is very evident
that old wheat on the Cont lent
has been consumed and fed out to cat
tie and sheep 10 far greater extent
than is generally believed, hence they
will have little if any surplus the
coming year. The crops in Germany
and Italy have not been injured to a
very great extent. but both hold very
moderate supplies of old wheat. The
floods IN England have been very seri-
Gus, submeTging large areas in highly
cultivated agricultural districts, and
much alarm has been created for the
growing iwhe-t crop, but should the
rains not continue beyond the present
week theyma still secure affair crop. So
much depends on tire weather IN Great
Britain the ensuing -hree weeks, that
every atmospheric change will be watched
with great solicitude. The crop Of
winter wheat in all parts Of the world
Is below an average, with the slight eX-
ception Of Oregon; but she docs not
promise any considerable increase in
her exports, owing to the rapid increase
IN her population. Our present situa-
ton Is a very interesting andimpOrtant
one, both III a commercial and financial
point Of view; should we have the good
fortune to secure a large crop Of spring
wheat, we are quite certain Of a good
market for it unsatisfactory prices, and
its influence on the business of the
country cannot fail TO be very salutary.
The continued rains in the Western
winter wheat States creates much APP
pTehensiOn among farmers, especially
IN Ohio, Indiana, Kentucky, West
Virginia, and Pennsylvania. We al
ready have complaints Of sprouted
wheat. and from Southern and Central
Indiana Of the nudge. In A few local
titles the. rust Is spoken Of. After ali the
winter wheat has had to contend with,
1t is very evident that the average
quantity viii be poor, and that we shall
have a wide range in prices. Much Of
the crop at the West Is cut, but it has
been exposed a long time To continued
rains. In some portions Of Kentucky,
southern Indiana and Ohio, the crop
has been threshed, and farmers are
much disappointed at the result. The
business has been chiefly continued to
spring, owing to the absence
Of any considerable supply Of winter; |
this has improved. and has been taken |
mainly fJr export. The adyices thus |
far from the Northwest have proved |
very favorable for the growing crops, |
and should nothing occur b mar the |
We shall harvest the largest |
crop ever known before, and |
We trust our expectations viii be |
fully realized. The causes which have |
produced this strong upward movement |
have been familiar to MS and to our |
readers for several weeks past, and the |
of the floods in France and |
Great Britain only accelerated the |
because it was perfectly ap- |
parent to those veil Informed, that the |
crop Of winter wheat everywhere out |
side Of Great Britain on the Doth Of |
June, WAS far below an average, hence /
If Great Britain lost her crop. or even |
a small portion Of it, it required only |
moderate perceptive faculties to deter
mine what the consequences would be
in the event Of the partial loss of the
English crop. The quantity on the
lakes and canal is 3,35O,0OO bush
els, Of this about 100000
bushels have been sold to arrive this
month and first Of August and all Au-
gust, and the tendency was strongly
upward at the Close.
We notice that the improvement in
the wheat market is already showing
It's effect upon other branches Of bust
ness. Railroad stocks are already i'm
proving under the certainty Of a
arge fall trade and this
ENDS 10 a revival of the iron in
lustry, Of which the railroads are the
thief customers. Our adyices from
New York, this morning., are to the
fleet that the Chicago quotations were
'eceived with as much interest in Wall
street, yesterday, as on the Produce
Exchange. General trade will bequick-
ned and invigorated, because abundant
,rops, a large foreign demand and good
prices viii make theagriculrural Popula-
iou liberal purchasers manufactured
goods. The grain trade is the main
pivot Of TIE business of the country. 1t
gives employment to the navigation of
he lakes and the canals, supplies the
'ailroads with the CREATE rart of their
reights and Is the foundation Of the
COMMERCIAL intercourse between the
1Ist and the West, the trade
f the agricultural West being the
,reat prize for which all the seaboard
tiles compete. At this juncture, too,
he supply from the South will be a
lost important element Of the situa-
ion. and business in Tennessee
nd the States around us must
Don begin to develop a degree
f animation that will be felt by all
lasses. Where dullness and depres-
ION have 50 long held sway We may
nticipate preparations for an active !
'ade.
If advantage is taken between now 6