The state rights democrat. [volume] (Albany, Linn County, Oregon) 1865-1900, 1881-02-25
WHEAT PROSPECTS.

WHEAT PROSPECTS.
The local wheat market has been de-
pressed and quiet for the past week,
without any visible signs of improve
ment. That, in the opinion of those
best qualified to Judge, there is much
hope for the future there can be no
doubt.
For the beuelt of our readers who
stand in a position to need encourage
ment We clip the following from the
New York Commercial aud Financial
Chronicle:
"The exports of wheat from the sew
en- principal Atlantic ports from Au-
gust lst, 1880, to January LIST, 1881,
were S3,000,00o bushels. This is more
than half the estimated quantity re
quired from the United States out of
the crop of 1880 to supply the foreign
demand. If We add the 100000
already shipped from the Pacific coast,
we have total of eG,o0o,0o0 bushels
exported up to January LIST.
Accepting the estimate of the Agri-
cultural Department rs to total yield, it
was believed that we could not spare
for shipment this season more than
65,000,000 bushels. 1t would seem
now, however, as if the exports from
the United States out of the crop of
1880 would not fall much, ii anv below
the previous year, when they reached
Ia 100000 bushels. For, if the Pa
eifc coast has still 100000 bushels
surplus, the other States can nscarcely less
than double that quantity, or Gi,000,
600, which together would give an ag
gregate surplus of 96,000,000 bushels
From the seven principal Atlantic port.
the exports from August lst to Janua
ry lst was at the rate of nearly 1000,
bushels per week. Reducing the week
" movement from the same ports t.
even 100000 bushels from January
lst to August 1st, would make a tota
of 10000, 900 bushels for seven months
or an aggregate for the crop year o
l43,000,000 bushels and if the Pacif
coast ships no more than 2j,000,00t
bushels additional, even then the tota
for the year would reach Isl, ,000,O0t
bushels. 1t should be stated, however
that when prices rule low, crop j
never closely marketed farmers carr
over large quantities in their graneries
and this Is particularly true if the pro;
poets of the growing crop be not who'll
satisfactory. Therefore, it is possibl
thst the Atlantic Ports-espccially j
cIsc the spring promise for the comm
seasons yield is less favorable than tn
llst-will not spare more than 10000
OU0 bushels from the remains Of til
current crop, quantity that cannot l.
regarded as in any sense formidable
especially at current prices.
The conclusion from these facts i.
that the situation, as we have befor
pointed out, does not afford encourae,
ment to speculation for a rise in valu,
nor, on the other hand, need it excit
apprehension of extremely low price.
One year ago the export movement wa
retarded by a reckless speculation
which carried up prices - cents pc
bushel above current figures. An
such unnatural check to free outfior
this year would in the end prove disai
trOus. At present, prices are on a Il
climate basis, and exports are compal
atively free. IL we export 100000
more from the crop of 1880, the tota
viii be l7I,6O0,00O bushels, or onl
100000 less than from the crop {
1879"
There is, therefore, no need for
scare, and they who beat up stiff
against the present temporary weakness
of the market, are sure to have thei
reward