Shepherdstown register. [volume] (Shepherdstown, Va. [W. Va.]) 1849-1955, 1879-07-12
TO OUR FARMER READERS.

month drawn your attention to the fact
that designing spectators in the COM
mercial centres had attempted to pro
duce the impression that there was in
the United States very large gram
crop grown this present year; this was
done with view of forcing down prices.
We learn from the report of Commits
sioner of Agriculture for the month Of
June, that the average decrease of wheat
raised and harvested this year is near
twenty per cent or one fifth less than
last year, whilst our capacity for con-
sumption by natural as well as fictitious
sources have increased. We also learn
from our exchanges that the Russian
grain crop is short, owing to the ravages
of the Locust and other causes. This
should strengthen the nerve of our far
mers TO hold their grain for fair and
remuuera,ive prices; and no one should
complain, for business, life and thrift
come with the producers prosperity, as
he spends his gains freely for the i'm
provement Of his estates. The New
York Herald Of recent date says =
Grain will not be so high this year,
we trust, as to make its price oppres-
sive to the needs of our own people, but
it will certainly be sufficient to make
producers and carriers reasonably hap
ply. One hundred million dollars worth
will he wanted in France, as the Minis
try already declares, because ola bad
year in that country; and one of the ex-
plantations given in the British House
of Commons Of the distress in England
now felt is that the year has been very
bad one with the farmers. Throughout
Europe there has been all summer un-
favorable weather, and as this is the
real source of trouble in England and
France, the same trouble, q deficient
harvest, though we do not actually learn
the fact, will perhaps be found to have
been experienced as widely as the COM
mon cause has prevailed. Our year, on
the contrary, will be an extremely good
one; and as the greatest part of the de-
fciency in Western Europe will GER
tainly be made up from this side we
shall be able 10 send 10 the people be
yond the sea all they need without such
drain upon our resources as to make
grain dear for our own people.
The Baltimore Sun of Wednesday
has the following -
THE WHEAT MARKET.-At the opening
of the Baltimore Corn Exchange, yester-
day, there were strong buyers OF wheat
for futul delivery. and prices were AGAIN
advanced ID to cents per Dushel, NO.
2wnter red selling ut 81 l6 for July de-
livery, 81 l3 81 for August, and 81 Is II
for September. The buying was main
lv OH speculative account, and the ait
vance was too rapid and too great to be
sustained. In the afternoon decline
corresponding to the morning advance
was experienced, and the closing prices
were 81 II for July and 81 II for August
and September deliveries, with an un-
easy and fcayeriSh feeling generally pre-
vaiiing. In other leading markets
somewhat similar excitement has been
experienced. The following Press dis
patch from New York explains the situ-
alton in that city.
New YORK, July S.-The excitement
in tue grain market increased to-day,
and wheat has further advanced in price
from to cents per bushel. 1t is un-
certain whether or not the rise Is Il
healthy one. 1t is what may be termed Il
s.crop scare" and has risen from the re-
ports of bad weather in Europe and Ill
the West, Should the reports be contlr-
med within Il few Gays it is very proba-
bic that the present prices may be even
further advanced. Some OF the Specuia-
tors have been bidding to-day four ceHtS
higher than the closing prices yesterday
on the first call, but they weakened
somew hat before the close of the call, ana
have since been selling-or, more dell
nitely speaking, unloading-at rates be-
low the extreme prices of the day. This
would indicate that the rise does not APP
pear to them to be a sound one, and that
q probable fall is expected when more
definite news is received. AT present
the quiet and regular traders do not feel
very anxious at the rise, and look upon
it as the annual return of the scare.