The Valley Virginian. [volume] (Staunton, Va.) 1865-1895, 1880-08-19
The New Wheat Crop.

Though the harvesting of wheat in the northern
portions of Minnesota and Dakota is not yet finish
ed and the increase of yield in those sections is
pected be very large, there is no longer
doubt that crop of wheat much larger that of
year has been saved. The estimates of aggre-
gate yield still differ very widely. But it is truly
remarked by the statistician OF the Produce EA
change that IA large crop is almost always estima
ted too large and those who are expecting crop
of 5500000UO bushels this year will probably be dis
appointed. Adhering to me conservative estimates
hitherto given by us, which 40 mol appear TO need
modification in the light OF the news OF the past
week. excepting as possibilities of disaster then
kept in view have now passed, 1t may oe presumed
that the crop will PROBABLY reach $4,000 900 anu
may reach 400 900 bushels. The quality OF spring
wheat may prove not quite good as unat of last
years growth, but is nevertheless thought to be
generally satisfactory. Having crop exceeding by
80 TO 100000 bushels the previously unpre-
cedented crop of 1879, the country will requre for
Its USE to meet increased demands for seeding
and for food, to fill up stores unusually de-
pleued, perhaps 20,00O,0OO bushels more than We're
required from the crop of 1879 and then there will
remain for export at least 1910O0OOO or 200000000
bushels.
The reports as to condition of the crops in Eu-
rope are by no means 50 favorable TO american
growers as they some weeks ago Most OF the
crop in France has been saved, and it is thought to
be up the average in quantity. Recent storms in
age the grain and yet the prospect at latest mails
dates considered generally good. The yield
will probably fall below the average, but Will be
much larger than that of last year. Reports from
Germany fair for wheat; Italy expects bounti-
full yield. and in Roumania and Hungary the prom
Use is good Thus the yield in Europe excepting in
russia, appears likely to be decidedly larger than
of >, and the OF prices IN Mark Lane
shows that the ascertatned surplus in this coun ry
is expected to be more than sufficient to meet all de-
mands from Europe. Tidings from Russia
ceed1ngly conflicting. Inc report that pfohlbltion
OF grain exports contemplated has been author
itatively contradicted, an though it is conceded
that the yield will be mucn it last
year, it must be remembered that the official re-
ports that 80 1o2 704 bushels OF wheat
ported from Russia in 1879 The ascerUained deficit
of yield this year forty districts, said in
port be 100000 quarters, may probably mean
only 9,70O000 bushels, because in the same report
1nrU IiaHt tn ra-
peatedly mentioned when bushels are obviously
meant shipping house at odessa writes that the
crops of 1880 will be the whole satisfactory, While
correspondent of the London HIffe,, writing at
the date, reports general and serious injury.
Perhaps the best evidence is that at the latest dates
the price of wheat at ODESSA mad materially de-
clined
The export movement from this county, which
was remarkably large a short time SINCE mas been
arrested by the high rates demanded Tor ocean
freight. At one time last week 1872 cents was de
manded from New York to Liverpool, while the
charge from Chicago TO New York ny lake or canal
was only 12% cents II the hgures We're reversed the
charges would be more reasonable. But the excess
i've demands OF Iransporters quickly work their
own defeat and the demand for frelght-rOom no
longer equals the supply, that "a reduction Of
rates is expected The stores OF wheat aboad are 50
small that large quantities must still be exported
before the new crop in Europe will come into mar
ket, and the new winter wheat in this country is
now going forward to meet this demand.
The receipts at the Atlantic ports during July
extraordinarily large Baltimore began TO re-
ceive winter wheat in great quantities from the
regions tributary to it's chief railroad about July
July II were 1923 800 bushels, against 746361 bush
els at New York. and during the next week 2Ol9, QUO
bushels, against 2,26O, 94S bushels New York our
ing the week ending July 81 the receipts at Bal1
], 1881, All bushels, and at New YORK 23lJ
1874 bushels. Receipts at other ports have not been
large yet and enormous receipts OF corn at New
York have raised its proportion OF all grain receipts
atAtiantic ports IS per cent. for the i've weeks
ending July 81. During the same weeks Baltimore
received ,9.4 per cent. of all grain; Philadelphia
1913 per cent? Boston 6.6 per cent, Montreal SO per
cent. New Orleans A per cent and Portland 3 per
cent. New York and Baltimore took much more
than their usual proportion, while other cities fell
behind. II no change in rail rates, this city may
expect to retain fully onehaf of the grain business
done all Atlantic ports during the rest Of the sea
of navigation.
Low prices for wheat seem inevitable The effect
upon English agriculture is correctly foreshadowed
by the London TetegrpO', which observes that the
low price of wheat in this country, while it leaves
good profit to American growers enables them to
deliver grain in Liverpool 'sat price lower than
e'the minimum cost of producing wheat in England,
''fine prospects, the British farmer has cruelty
e'hard time in store for him. il prices fall Nc
''lower." That they likely to fail, so low, al
least, that American surplus Of about 100000 600
bushels be marketed abroad seems plain The
natural result will be further abandonment OF
wheat-growing by British farmers, and a greater
dependence hereafter upon American supplies.
Work has been commenced on the Wash
ington monument, after suspension OF a
quarter of century. On Saturday last the
President laid the first stone of the new work
There are 1873 workmen engaged on it, aud
some of the stone-cutters cut some Of the