The Milan exchange. (Milan, Gibson County, Tenn.) 1874-1978, 1875-07-15
wheat Cron-To Sell OrIIoId.

According 10 reports, the WneaI
crop Of Europe is very short and the
supply will not meet the demand. The
crop of New England was well nigh
ruined by the freeze, so that they viii
have to be Dreaded from elsewhere.
The Middle States will not realize
more than & twO-thirds crop; while
the northern tier of States had nearly
all the winter wheat frozen out, and
have been able only partially to re-
pair the injury by substituting crop
of Spring wheat, all taken together
not making over half crop IN the ag-
gregate. The low fat and wet lands
Of Ohio, Illinois and Indiana were
badly frozen, and the Northern part
of the first two are more damaged,
making the crops of the three reach
probably haitian average. California,
while she may not be failure, will
not make more than supply, leaving
nothing for exporting. In all the re-
gions mentioned the quality of the
grain can but be regarded as below
a fair average,
The northwestern States not only
suffered from the freeze. but also from
the grassbcppers, so that we can not
expect them to be able to bread them
selves. To make up for all these def
ciencies and short crops, it will devolve
upon the Southern and Southwestern
States; and while Texas, Arkansas.
Mississippi, and Alabama, will make
above an average crop, they, viii have
but little, If any, to send out Of their
own limits. The same may be said of
Georgia, the Carolinas, and some 9TH
ers. Thus we see it is left for Tonnes
see and Kentucky to yield enough to
bread their own people, and furnish
more than any and ali others. We
think Tennessee will show a larger
surplus than any other State, notwith-
standing we fear that eastern division
will fall far short of what was antici-
pated earlier in the season. Taking it
for granted that the information is
correct upon which we base The FIRE
going reflections, it becomes a matter
Of prime importance to all wheat rails
ers to post themselves as to the supply
and demand of the wheat crop, the
market for the same, and the proba-
bilities Of a rise or decline in theopen-
ing prce Of the season.
If, as we believe, the local crop be
greater than the home demand in Ten
nessee, we shall not he at all surprised
to find shrewd spectators, calculating
upon the supposed ignorance of the
farmers as to the real condition of the
general crop OF wheat, attempting to
create the impression that the crop has
been an immense yield, so as to de-
ceivc the producer aud enable them
to purchase the surplus wheat crop
for much less than Its real market val
ne. W. fear our farmers are too much
disposed to rush their wheat on the
market to the injury of each ether,
without looking fully into the facts.
We do not offer these suggestions to
induce our farmers 10 hold theft " heat,
if offered a fair and remunerative price
for it; but to endeaver to persuade
them TO look into the facts bearing
upon the supply and demand, and the
probabilities of prices rising or falling,
before selling their wheat and other
crops. This they owe to themselves
and the best interests Of the country,
whose prosperity depends upon all de-
! partments of business being conducted
upon industry and intelligence.
We fully realize what great relief
the money received for wheat sold will
bring to the producers, and to all
channels Of business; and we would
advise all to act Understandings in
selling or holding their surplus wheat
In the words of our namesake at Jack.
son, we would urge that as long as oul
market pays a remunerative price the
better policy will be to sell and enjoy
the money now so very much needed
and at the same zine avoid the risk Of
damage by holding. And yet we are
mistaken in the opinion that the ten
dency of the wheat market will be up
ward, and that it will reach by fall,
$3.50 per bushel. Hence we urge oul
people 10 demand the market price
and if It cannot be had at home, send
the wheat to where it can be had, OIL
hold. II is to the interest Of tie mer
chant that the farmer get good price
for his wheat, and it Is clearly TO the
interest Of the farmer to sell whenever
good remunerative price is ofiered.-
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