New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1883-09-12
OPINIONS AT THE PRODUCE EXCHANGE.
VARYING ESTIMATES OF THE DAMAGE TO THE CORN
CROP BY FROST.

CROP BY FROST.
The effect of the frost on the corn crop oc-
cupId the attention Of the members OF the Produce
Er change yesterday to great extent. and opinions
varied largely. The shorts" asserted stoutly that
the injury had been sgreat reported, while the
longs" equally determined in their assertions
that The damage was great and extensive The effect
on the market was not marked, however The price OF
nuotuated but the variation confined within
range OF from half TO cent.
George c. Martin said OF the feeling at the Exchange:
"I rather think you'll find II yprying according to
whether man is long or short However, i have
my own views and decided ones that the injury to the
corn crop has been great. find that in 1880 Iowa,
Minnesota. Michigan and Wisconsin produced 100000
OOO bushels OF COM and Illinois, Missouri, Kansas and
Nebraska 800 100000. These eight States furnish baf
OF the crop OF the country. The frost extended
OF this district that can see how great
an interest IL mperls II is difficult TO Judge now OF the
extent Of the damage done; tell better In week,
particularly OF the effect the market nave received
Trustworthy dispatches from private sources, however
all confirming my view that the damage done by tie
frost has been very great Az indication can tell
yoa that telegram stated that the damage along the
Rock Island Railroad was 50 great that my informant
dared make no report OF It, The injury is exceedingly
serious, Judging from all that can learn and 1t Will
be a grievous one fer the country"
II. T. Kneeland had like view OF the situation lie
believed that OF the 500 100000 bushels OF corn cal
cuated upon as crop for this year. 3000000O0 had
heen cut Oh by the frost This would diminish the
supply at the seabOard where the amount OF surplus for
exportation WAS determined. a small surplus eyen"
said Mr. Kneelaud, d" houd show that this country
had enough ITSELF and the price OF In that
case would hardly he affected. falling Oh or 3OOOOO-
600 bushels would not make II short supply Tor this
country | have information from various private
sources that damage by the present ir0sts Is exe-
siyr private telegram from London states that the
corn crop in the Danubian provinces Is failure. owing
10 the drouth. This Will make an extraordinary de-
mand on country and may raise the price OF corn
Ine wheat crop Is also short by 5OOOO,OOO 10
100 600 900 bushels and this VIII probably be FACTOR
In the price OF corn. II the crop OF corn Is not dni-
ished In quantity by the frost, II certainly Will be III
oualit, rs acre will be much sof: corn"
telegram resolved by leading dealer through
prynte source from Chicago said: From reliable III
iortnou based thorough aud careful exhulinatlon
We ace fully convinced that the damage to corn In thls
state from shout the centre northward Is ncalrulaDy
large. Tho greater portions oil lOHh Wisconsin ahu
Miehigan nave suffered To the same extent.
Thomas A. Mcintyre, the secretary OF the Produce
Excnangc al that could yet tell tho extent or
the injury 10 the crop Sometimes irOst-at the gnt
tme-nelped the corn; at others II injured IL Uhul
mo crOp were harvested II would he Impossible 10 Orn
an estimate of the damage. t would not be possible,
I'm his opInion, determine how much the crop was
Affected at least for month. and probably six weeks
No great effect Mr.. Mcintyre stated had been pro-
duced on the market YET although the market yesterday
was nuctuating varying only from one-halI to one