Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1889-12-01
NEW YORK LETTER.
OUR WHEkT-THE DOWNFALL OF
OUR SUPREMACY IN GRAIN.
Cant Compete with Cheap Labor, Etc,
of Russia and Iudia--aIrs. Mor;on's
Handsome Winter Cowns-Morn-
ing Tea and Dinner.
rcor..pond,nc. o, tho Richmond Disps,cs.l
Nrw Yonx. November 30, 1850

w = o,,''.erI,. ~ ,,volnnforilv mora
~. az ~ - 80, 40 ,,r;co az broad
~ uence tbaf Of wheat
AZ ,here onvthing now in relation TO
wheat pricesY
~ ;ra.o1. Nv IL ,o;ne, 10 be II
4. - a f',, ,.osrs s,nce tho limited States
n 1880, 80 .. r. hoo. r,orkcts az .ho world
~ $40 ,SSo issi and 1850 Nv that time
~ 10, So, Lo,,s,, 90 ccpnote with
In"'. ~" -, ;. ,l,s ,.r,,.cre Of so,,tb.
W t,,,.,,,to 81 Srvtb.r, Asia 81 Won
$50" ~ 81 -. 80 ,ricc lnvcr INTO
please I"'s 49,, ~, E,, ~, ~ cb;of ,,,r-
the hahus on " ~. ~ 49, ono,,l;m,. ,l@In
.ll"s,.'s % i5'o Inss;o and the
W ~ 60 ,., ~ ".bsr,s fhroafs Lv
,n,'ct -, ,.'b ,,L.r since tbcu Aus
tralia. Chill. and la.teriy The Argentine Re
public. have entered ne contest az WnsA'-
producers IN excess 81 thcF hvluV .'lu'' -
menis, and tna que,.a2ih on our Sur ~ -
coInpt'''"I IN '"V WIZ 10 ,:.l,,, ~,
sale OF wheat assumes Nc'y i'"'''''''''' ~
portions.
oUR What hA'kiI'
Atthis time tbositnation in tho domestic
wheat markets is not particularly sotisiac-
49, 20 those who class themselves as
CONSTITUTIONAL bulls those members q
thc trade who are firm believers M the III
trins,c worth Of tho cereal. who are always
Snnder the market" 10 hold II up, who
carry the gram an" ]" 1. ", 49,, 49,.
the ECONOMIC ian non az u'.,""S V"I III
sons surplus - meet i"" WANTS u""'0"
by lean harvest. ,.....
INC ps'ce Oh VIZ. ~, ~ vac
about - per ct n'. i'S W. IL -, D'., "
,'e, con, lo5rcr tb.n Inn ISIS with reported
s,,al1or su,,rlies nvoilabio for export IN
pnesia and fndia. This is the morcstriking
when # is recalled that our reserve stocks
Mt The clo.o of the last cereal wear. July J.,
1850 cor on August JET following. ran down
o. low a> 35.o000O bushels. visible ana
invisible that Dis. stocks m sight a. Nari-
Cus points of accumulation and stocks IN
FARMERS hands aud clsoWherenOt reported.
800. .,- ,--,s,,cs
There are some sI"ilsl .lihs MAo PI'Vo
The reserves "a August ], l0'', "' oven
smaller t0-ni than 1 have gwen. J MS
means that whiio our exports OF vhtat lor
the twelve months. ended July LIST. agcr"-
gated luclUliug -FOUR about W|VJ,Vp
bushels of wheat Jess than for q numper
Of wears before. we were Obliged 10 draw
upon farm"rs' bias and oihcr reserves
from l5,o'.opl % -'' p bHsh''7 J."
order o. nctt mono ana foreign require
In"uts. l.,
Oar crops ot wheat last year, flaOV'. ''''
wa cou9,iefa' ~ Uhqt' am lN'it.e, 700.
prs F'H' WIN .1'iF t..+
-. ,,o sooeo,,,s 70
Nl.e "N .''.e.1 .."i.,3, ~, ;to,o' to o,y.r
q ,l' n'S w 90. .o'i.'IO ~ ..,, ~ Ia
tNc ~. A. "b. t,+ - G.i.
lI'c'.4. t.'l.,- ,yr..rt SIM
-. ...1 t,,,.s,o. ,Df ,.-,ea- hive
- -, .s,,.1t,.r r1.t hollow those of "a
- ....-
''' Goo ,rr..,rr, rrrl-rs
The great wheat experts nave mus lar
been OF fault 20 iht1 picici uh- OF eA-
pross ODDS as - the rr"lal." course 81
pricr-. il England. bcerONlI1. - lr4lli
authority. bias NOT been c0mmiJtaI. though
Waniie-flr cHpe nn. higher quotations
il Dorunlsrhs circular. widely SHOWN I'D
tie grain trade. ta' letters -irlrl ut air.
u. ha.u--i.ch-nu hlN. PRONOUNCED hatf
iu favor of Oh, belief that tac W.ut mus
bring higher prices. William J.. Boar. ot
London, once editor Oh the -V8ft i11'
Zyffsss. has Inclined 20 lae views. par-
tlcularly as Germany and tn'c tAfe,I To
hsv- - buy some wheat TINS year nom
abroad.
Az homo There have boon bones, oi1er-
euc"s of opinions among g. ."' ilJee9 Tor
nor, or Joss p.au-ih." ftie.n-' "AlF one OK
which calls for special reference to VII,
fhst there viii le NOR. thaA -uNl W'i00
bushels ~ wheat for export for Tire y ear
ending JUlyl.I-lU