Ottumwa weekly courier. (Ottumwa, Wapello County, Iowa) 1872-1899, 1875-07-28


stand for one moment in the way of
the general good and triumph of our
party and its principles.
WHEAT!
For a few days past the wheat mar
ket has advanced in price and activity
wonderfully. The quantity Of wheat
that changed hands last week, has sell
dom. il ever been equalled in number
OF bushels during the same period of
time. There is either n scare or a
reality that has brought about a change
in this grain, which has been 60 long
on the dull and low list. A recent
number of the Milwaukee Sentinel has
this to say about the situation:
The very wet Weather in Great Brit
ian has been the chief cause of the ex-
element aud animated demand,
though tho intelligence of the Cont.
nent is highly important and would
| Independent Of tho English advices)
have given decided impulse to tho
market.
The damage to the crops in France,
by floods has been great, but the
plant has been greatly retarded in its
growth by the cold, dry weather in
the spring, and since the 18th of Juno
in many districts it has ripcncd pre-
maturely under the tropical heat of
the sun, and the same in Austria. Hun.
| gary and South Russia. A CORES
pendent writing from Vienna express
es the opinion that Russia cannot
CONT on more than half crop, and
the Same is true of Hungary and Aus
tria, but in country like Russia COW
| cring an area so immense, we think 1t
too early to form correct Judgment
of the probable result. 1t ia very evil
dent that old wheat on the Continent
has been consumed and fed out to the
cattle and sheep to far greater extent
than is generally believed, hence they
will have little if any surplus tho
coming year.
The crops in Germany and Italy
have not been injured to very great
extent, but both hold moderate sup.
plies OF old wheat.
The floods in England have been
very serious, submerging large areas
in highly cultivated agricultural dis
tricts, and much alarm has been crea-
ted for the growing wheat crop, but
should the rains not continue beyond
tho present week they may still secure
fair crop.
We notice the stocks of wheat at
their principal markets are very light,
with the exception of Liverpool,
where they hold about 100000 qrs.,
chiefly white wheat from the Pacific
coast. So much depends upon the
weather in Great Britain tho ensuing
three weeks that every atmospheric
change will be watched with great So
licitude.
The crop of winter wheat in all
parts of tho world is below an aver
age with the slight exception of Ore
gon; but she docs not promise any
considerable increase in her exports,
owing to the rapid increase in her pop
nlation. Our present situation IL
very interesting ana important one,
both in commercial aud financial
point Of view; sAeAAA MO have <sass
good fortune to secure a large crop of
spring wheat, are quite certain of a
good market for it at satisfactory pri-
sss and s aaaS9 on the e
salutary. The continued rain in the
Western winter wheat States cre-
ates much apprehension among
the farmers, especially in Ohio,
Indiana, Kentucky, West Virginia,
and Pennsylvania. We already have
complaints OF sprouted wheat, and
from southern and central Indiana of
the nudge. In few localities the
rust is spoken Of. After all the win
ter wheat has had to contend With, it
is very evident that the average quail
ity will be poor, and that we shall
have wide range in prices. Much of
the crop at the west is cut, but it has
been exposed long time to continued
rains. In some portions of Kentucky,
southern Indiana and Ohio, the crops
have been threshed, the farmers arc
much disappointed at the result. The
business has been confined to spring,
owing to the absence of any consider
able supply of winter; this has i'm
proved, and has been taken mainly
for export. The cases which have
produced this strong upward move.
ment have been familiar to us and to
orr readers for several weeks past, and
Great Britain accelerated the move
ment, because it was perfectly ap-
parent to those we'll informed, that
the crop of winter wheat every where
outside OF Great Britin on the Goth 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 de-
termine what the consequence would
be In the event of the partial loss of
the English crop. The quantity on
the lakes and canal is $3.50, 600 bus. OF
this about 2, 400, 600 bus. have been sold
to arrive this month and 1st of August
and all August, and the tendency was
strongly upward at the close,