Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1890-07-30
A BOOM In CEREALS.
The Inauguration of a Bull Move
ment All Along the Line.
A REACTION HIGHLY PROBABLE.
The Spectators Are Advised to Go Slow
for the Present.
A NEARBY FARMER INTERVIEWED.
OFFICE OF PTTTsBURG DISPATCH, .
TnECnaV 1r,1r 1000 Z

Chtf
TUESDAY. July %. 1890
A bull movement in cereals has been in
sugurated within the past few days and
prices have been steadily moving upward.
Corn has been advanced 10c per bushel in
the past week. Millfeed, hay and wheat
have Joined in the upwsrd movement, but
the rise mas not been so sharp in the latter.
How far this movement is speculative re-
mains to be seen. A few days will tell the
tale. In the meantime a large number OF
operators will be either hurt or helped. 1t
behooves operators in grain and hay to go
SLOW as q reaction is almost certain within a
short time. We have a big country and there
is little likelihood of a shortage. 1t is rather
significant that the cereal which is shortest this
season, namely oats should be quiet and dull
the past week.
The bulls are making their greatest onslaught
on corn, which from latest reliable reports
promises to be well up to an average crop.
Recent dry weather in the Northwest is the
card which bull spectators appear to be work
ing for all that is in it. But there's many
slip 'twixt the cup and lip.
A few timely showers would change the situa-
tion in the great Mississippi and Missouri
Valleys. At the worst, the yield of corn will be
ample for all the needs of our country. Gov
ernment statistics also show that the wheat
crop. while below average, is sufficient for all
the country's needs, and that we will have
bread enough and to spare. The only crop
which shows heavy decline is the oats crop. In
many sections of the land there has been
almost failure in this line. Taking the Sec
tion which looks 10 Pittsburg as its trade Gen.
ter the oats crop is little above one-half its
average this season.
Flour May be Higher.
A rise in -four is likely to come any day. Said
one of our flour jobbers to-day: II have just
received notice from a number of the North
western millers that fancy patent flour has
been advanced l5c per barrel. 1t is only
question of short time when there will be an
advance here. I have been looking for rise
for several days, and ami surprised that it has
not yet put in an appearance. But Pittsburg
is very slow to JOIN in an upward movement.
Our -four jobbers very soon suffer from de-
clining market but are long in reaping the
benefit of a rise. At other trade centers flour
has already advanced. But here We have a
little longer wait owing to sharp competition
for trade"
A farmer from the vicinity of Clinton who has
been weekly visitor to this city for the past
quarter of a century or more had this to say as
TO crops and fruits in that section: 'In the ter
rtory west of Pittsburg for 50 miles at least the
wheat crop this season will fall % per cent be-
low average We consider 20 bushels to the
acre a good yield. There will be very few
farms around Clinton which will reach Is bush
els to the acre this season. The crop of oats
shows still greater decline. In this line there
will not be above one-half the average yield.
ours Is not much OF a corn country, and it is
TOO early to give results in this line All will
depend on seasonable rains for the next few
weeks. .-.--.... .--.
The Fruit and Fay Crop.
The hay crop is above average. Most Of the
meadows around Clinton will yield two tons of
hay to the acre on an average. New hay is
now selling in the stack at s5 ton and not
very brisk at that
AS to fruit there is none worth speaking of
in our section. In Finley township 1 doubt
whether there is apple. Small fruits have
also been comparative failure this season.
Usually we can count on large crop of black
berries and raspberries This season, however
has upset all calculations In this line.
The best crop in our section this year has
been oil The wonderful development in this
line has very much enhanced the value
of all farm lands in our section and has
brought to our doors good customers for all
the products of garden and field. There is no !
longer the necessity of coming to Pittsburg |
markets to dispose of our ff,-since the large
influx of population caused by oil speculators
furnishes a ready market at home. In my boy
hood we brought big quantities of stuff to Dia-
mond market at great expense of labor and
horsehesh. Those days have passed away.
Markets have come to US. And in season of
scarcity like this there are ready buyers for our
products without the trouble and toll of long
and tedious journey over rough roads,"