Vermont phÅ“nix. [volume] (Brattleboro, Vt.) 1834-1955, 1877-10-05
The ROuntifuI Harvest.

Some time must elapse before all branches
of business can feel the effect of the now OBJ
vious revival. The depression of trade which
followed the panic of 1873 showed itself in
diminished trade, diminished profits, the stop
page of mills and furnaces, and in the en-
forced economy which was practiced by our
immense population. 1t may still be ques-
ton whether we have touched bottom" or
not. But, at this present moment, there are
many encouraging signs. 1t is certain that
the season now closing is one of prosperity
which is as unusual MS it is welcome. The
danger is that our people, naturally sangline
ms they are, may discount the future and
again lose themselves in reckless speculation.
OF one thing, however, we may be certain:
The product of agricultural labor is abundant
and in good demand at fair prices So much
mt least is secure; and as the trade in these
products is one of the most important factors
in our national prosperity, we have one step
toward better times now solidly laid down.
The grain crop is conceded to be eXtraordin-
airy. In Kentucky they say that 1.-THE barns
are bursting" In Minnesota and the North
west generally, the proud grain-Iaisers are
twitting the East with being redeemed from
destruction" by their unprecedented crops.
Something like this has been said before,
however, when there was no great demand for
our surplus. This year the foreign demand is
90 "hl'ANNSNANhNeNa 80 III -hAAASAANtAiA
supply The war in Eastern Europe now
likely to be prolonged into another summer,
not only curtails home production, but in vari-
Gus ways increases demand which must be
met somehow. The English and French hnr-
vests have been described MS 'il-sown, i'll
grown, il-gathered, and ill-conditOned" The
prices, which form the basis of the next in
curry, promise to De generous enough to
BRING forward the production. Al the middle
nfS arNtaV tala No rl,apt
quoted III Liverpool at shillings pence per
Genital. AT the corresponding date III the fol
lowing year, it was shillings lOpence; same
date IN 1876 shillings pence; and on the
same date IN 1877, 1t was / shllllngs Opence.
One year ago, No. ? wheat ranged from
Yl.O2t to SlOG per bushel in Chicago. At
this time Sill is offered for the same grade.
With prices ranging considerably higher
THAN at the same date during any one OF the
past three years, we may consider the ques-
ton of market rates ms settled But the pub
hShed statement OF deliveries at the principal
gram depots in the West ought to remove all
doubts as to receipts 1t is too early to state
with exactness what the yield of the grain
producing states VIII be- so lar we have
been obliged TO content ourselves with esti-
mates which are, to say the least, enthusiastic.
The reports speak OF crops which are ''phe
nomonal ana unprecedented. But the re-
celPts "t ShicaSo anu Alil"4uhee ouSnl 10 DE
considered as conclusive. For example, dur
ing the month OF September, 1876, there was
received at Chicago l,325,Oii bushels of
wheat and during the first two weeks of Sep
TENDER, 1877, l,3O2, S9l bushels. Milwaukee
received during corresponding dates in 1876,
], lGO,992 bushels and IN 1877, 2,Ol7,5l2
bushels. These remarkable figures show
therefore, that Chicago received during the
first half OF the present month nearly as
much ms she did in the whole of September,
1876, and that the receipts at Milwaukee dur