The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1871-03-02
COMMERCIAL.
CORN AND FLoUa EXCHANGE, :,
RICHMOND. Va, March I, ls7l. s
f,rPrprrra. 5G 81

4
RICHMOND, Va, March 1, 1871.
OFFEHrHGs. 1esf Z
Whsat.-White l,o0o bushele. Red. l,sss husteis
corn..Whl,e. a7a bushels. Yellow, los bushels
Mixed, 2e4 bushels.
, Odts.-l, as4 bushels. e3. ss ss5rs a.
Rye sl32 bushels. 80. 4 It. q IA s. go j
HedI.-s0 bushels. !, azgsss .ts.sgat
CIoreT Seed. 80 bushels. ISL 7ety.sr sE
Sho4ts.-70,0 900 pounds.
s.E sALBs.
Whedt.-White, 30 bushels very foul at S1.so; q
eaten at sl.a5; les bushels damsged at sl.s5 lst
bushels good At sl7ss 100 bushels very good at
Wheat.-Red. 2ss bushels weevr -eaten at sl.aoi
Is bushels slightly damaged at Sl.6s lso bIsheia
loo bushels prime at 80; l7o bushels damaged on
private terms go bushels damsged at $ll5
bushels inferior $3.50; $50 bushels at Sl57a LOG
C0ra.-Whtts, SO bushels very good g. see:
Mixed 50 bushels vary good at 7sc.; lsa bushels
prime at SOC. total, 2p4 bushels. e.. -
els at &c.,; 50 bushels good as s!e 20 bushels prime
at soc ~ bushels at s.c 100 bushels 1T &c.; Ia
bushels very good 1t ssc.-total, SOS bushels. .il
Rye bushels fair at s23c. ,:.-,,sss L.. -.
RE-E1H1BITED. ~ ..
W4sat : Red, IL bushels. ~-'.i sssz
p OGts.-I4 bushels, Ees-..G t.#S ~
Clover Seed 80 bushels, - -. : -. =
.. .1s REMARKS. .s.- 5. 81 Or -
The offerings Of grain on the LIST Of March, 1870,
were: |E
Wheat.-White, ESQ bushels. Red $40 bushels.
, Corn.-White, 2,1ss bushels. Mixed, II bushels.
Oats.-s2s bushels. sEE IEE
Rye.-lO2 bushels. .. ...-.. :.
Il Prices on thst day were; .as - -
Z Wheat. White. prime, $40. Red, very good,
$l.30. sstz!t--5't e
Corn.-White, prime, csc. ..,-.,,-.., 20 ' -
Oats.-Very good, 55c.
Rye.-Prtme, s73c. - .a'...s. '<is' -
Flour.-Virginia country (Richmond inspectedl
sup. r6ne, IS 75@ss extra, @e.las; family, b. 4.
j. The market for wheat to-day showed very little
change from the prices OF the preceding day,
except that good white was reported sold at
Liza. and very good white at $l.775-a reduce
ton of 23c. on the prices quoted on the pre-
ceding day for the same grades. Prime red held
its own. But little corn offered, demand good,
and all sold except the yellow; no change In
prices. Oats active and firm for good samples,
which are tending upward. We have several
times stated that there was good demand for rye,
and that 1t would sell well and readily II put on
market. The sale of but bushels to-day out OF l32
bushels may seem a contradiction to this, but the
reason that the balance was not sold was that the
owner of one sample was under Instructions from
the owner not to sell for less than 9oc., and the
other holder would make no abatement from that
inquire. IL is proper 10 say Lnat the cnleI buyer
market was not disposed to go higher than s5c..
giving as his reason that the article is not as
strong in the northern market as 1t has been.
We would here say word about Instructions,
and 1t Is this: In nine cases out OF ten the COM
mission merchant is better Judge than the
farmer Of the probabilities OF an advance or de-
cline in the market. He has better opportunities
of observation, and while he Is, as matter Of
course, anxious to make his commission, yet, in
his own interest as we'll as In the interest Of the
farmer, he will take care to do the best he can
that Is, to get the highest figure. The farmer
ought not trust his produce to commission mer-
chant unless he has confidence In him, and If he
has that confidence the best exercise Of II would
be to let the commission merchant alone Cases
very many cases ARE within our knowledge where
farmers have lost by placing restrictions as to
prices on their commission merchants.