Smyrna times., 1880-07-21

THE WHEAT CEop OF 1SS0.-Therc has
been q remarkable change in business pros
poets during the past week. AS late as
Wednesday there was great haste 20 soil
stocks Of Northwestern railroads. because
the weather reports were thought 10 indi-
cato q material decrease in the yield of
wheat. At the close Of the week there was
equal haste to buy the samo stocks, because
cooler and more favorable weather was said
to have greatly improved the condition of
the crop. Early in the week, it was thought
that crops III Europe were to be quite large;
later in the week reports Of severe storms
in England and France, and Of general
damage to the grain in Russia, caused
belief that the foreign demand for the
American surplus would be nearly or quite
as large as it has been during the past year.
1t is probable that in both respects the
prevailing expectations were exaggerated.
But the news as to the growing crop in this
country is decidedly moro favorable than it
was week ago. Just at this critical period
the fact that a week has paqa3 without
serious actual damage is in Itself assurance
| that many million bushels have been placed
| beyond the reach of harm. Within two
weeks more, if no extensive injury is sus-
| tanned, it will be measurably certain that
| the crop of 1850 will be larger than that of
| 1879.
Harvesting has fairly begun as far north
! as tho upper line of Illinois and Nebraska,
and the yield in Central Iowa is reported as
probably one.third larger than that of last
year. In Illinois, according to the State
Board of Agriculture, the acreage of wheat
is 20 per cent greater than in 1872 and,
though some injury has been sustained since
July /, is is thought that the yield will ex-
ceed that of 1879 by 6,000,000 bushels or
more. The possibility Of injury and dc.
crease in yield is therefore confined mainly
to Wisconsin, Minnesota and upper Iowa,
and the more favorable reports since the
18th give much reason to hope that the loss
in condition, even in those States, may be
compensated by tho known and considera.
Bile increase in acreage. From California
kilograms of the l4th report that the yield
will be very heavy, and that increased acre
age will make up for any injury sustained
in some localities from unfavorable weather
1t is still too early to form any opinion o.
much value as to the crops in Europe. II
the report proves true, however, that the
injury to the crop in Russia is so great thai
there will be no surplus for export, or ne
exports permitted, that change alone will
increase by nearly 100000 bushels th'
quantity which Europe will be compelled t.
draw from America. Reports from forty
districts in Russia, according to statemen
published last week in a Russian journal
show in every district serious loss anC
probable decrease of yield; but this account
with the statement that prohibition of ex
, ports of grain is under consideration, ha
l not yet official confirmation. The lates
2 indications are that there will be q shor
: crop i'll Great Britain and France, and ye
a considerable larger yield than that of las
, year. Hence it is too early to judge wheth
er the foreign demand will be sufficient t
afford a market for the supposed minimum
t yield this year in the United States.-N. ]
e Tribune Of Monday.