The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1868-11-03
LOCAL MATTERS.

CORN EXCHANGE-CoMPARA STATE
MENTs---WHEATC CROP OF VIRGINIA FOR 1867
AND 1S68-CaoP OF 1868 IN THE UNITEI
| STATEs.---There was some reaction in the
Corn Exchange yesterday from the dullnesE
and depression which prevailed there on
Saturday. Sales of wheat and corn were
larger, with q tendency to an improvement,
OF, rather some Improvement, in white
wheat-very good white (Which is. the next
grade below prime1 bringing $3.50, while
prime did NOT bring more than that price
on Saturday. Corn, however, showed no
advance in price, the Improvement consist
ing in increased sales.yaa u. -
As much speculation has, been indulged
in regarding the wheat crops of this and
last year as for as comparative quantities
are concerned, We give table showing the
offerings on Change from the 18th of July,
1867 (the day on which the Exchange
opened), to October 81, 1867, and from the
18th of July, 1868, to October 81, 1868:
1ss7.-July IS to July 81 Wheat. White. 80, 40
buth hels; red, 24,o5o bushels. August-W hite,
e, s2s bushels; red, ss, Gag bushels September-
Total white iei COZ bushels red. ss 500 bushels.
:. 1865 July, Is to July sl-Wheat: White, s2 s75
bushels; red II, bushels. August-W hite,
White 6usseRs Seo
Total white iss ee7 bushels red 1888, 500 bushels
excess from July 49, 1888, to October 81, 1858,
over the same time last year, e. GA bushels. 81.
1t will*be observed as not uninteresting
fact that while the amount of red wheat
offered last year as compared with white
was but about half the quantity, this year
the auantitiee of both kinds are; within
ing that much in excess. 2 III.
Various reasons are assigned for the sud-
den depression in the price of wheat in the
North and West as well as here. The prin-
cipal reason assigned for the reduction in
the price of breadstufs in the West is, the
grasping and boarding disposition Of hold
ers of grain who have been Borrowing from
the East for a long time upon the credit of
their stored-up wealth, but owing to the ex-
listing financial tightness are unable to bor-.
row further, and obliged to throw upon the
market in such quantities as to create o
glut, and consequent fall in prices. -,
With regard to the quantity Of wheat in
the United States, the report Of the Agriculi
ture Bureau for October says that the full
promise of the early summer has not been
realized in the wheat harvest. The in
crease of area over that of last year, in its
effect ,basan II y ,,ot the aggregate production, is
some Of the poxsqa1RbY az s##eaall ggiWiRRtioa in
in Weld per acre, so that the increase in
the total quantity as shown by the October
returns is scarcely more than three per
cent, and that is obtained mainly from the
Pacific coast.
The quantity of wheat in store in Chicago
on the 26th ultimo, as compared with the
quantity in store on the same day in 1867,
was 1868, l,2l6,5O2 bushels; 1867, l,l17-
642 bushels.
AS far as the Richmond market is con-
cerned we would-without expressing any
opinion of our own-saY that those who pro-
fess to be the most calculating regard the
price of wheat as having-to use common
commercial phrase-"touched bottom"
In New York, at the closing, the market
on Saturday was dull, and l to 2c. lower.
Sales Of $1,000 bushels at $3.50 to sl.54 for
No. 2 spring; $l.65 to Sl.66H for No. ]
spring 81 40 for No. land 8 spring mixed |;
ST so for extra choice No. 2 spring; Sl'65
to 81 ga for old No. Milwaukee; s2.lO to
1920 for white Michigan; sl.95 for amber