The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1871-01-16
COMMERCIAL.
CORN AND FLOUR EXCHANGE,
RICHMOND, VA, Jan. IL, 1871. {

IL.
OFFERINGS.
Whsat.-White, 40 bushels. Red, sl4 bushels,
toru--Whte, 4ss bushels. Mixed, SO bushcls,
Outs SID bushels. -.a
F Eslihiv S Ssed. bushels.
Flour -Superfne, % bushels.
..f sALEn.
Rbeot.-white, SO bushels good at $i.es 27a
bushels at a. 50 bushels very Inferior at $l02s
10 bushels weevel-e.ten at s1,22l "a bushels at
sl.b7a total, 4an bushels.
Wheat.-Red, 200 bushels very good on on private
els infeei at 81. sO-tot..l, :s2 bushels.
7se II bushels prime on private ierms 14o bushels
very good on private ,erm3 80 bushels very good
at s4c.-,otnl, 4ss bushels:
COrn.-Mixed, so bughels ct SIC.
0ts-2os bushels prime on private terms ;dd %
Rge 40 bushels at TAG.
Timothy Seed "A bushels at $42s.
RE-ExErBITED.
Wheat.-Red, % bushels.
REMARKS.
The Wheat market continues active and very
firm. Corn and Oats are also active and firm.
The offerings on Change on the 14th January.
1871, were Wheat-white, 10 bushels; red, le?
bushels. Corn White, L oa2 bushels; yellow, 81
bushels mix d. As bushels. Oats-l,ols bushels.
Rye-ss bushels. Prices on that day were-W heat
White, prime at SIC. Oats-Prime at s23c. Rye
Good at $l.4o.
The quantity of grain offered on Change on the
18th January, 1853, was as follows
Wheat-White, bushels red, "a bushels. Corn
White, 2,24s bushels yellow, AZ bushels; mixed,
soc bushels. Oats-14e bushels. Rye-2s bushels.
Prices on 'Charge on that day were as follows:
Wheat-White, prime, $2,eS; red. prime, 81 47s.
Corn-White, prime Sl1sa. Oats-Prtme, roc.
Rye--Good $1,5l.
At meeting of the Board Of Directors held du-
ring the past week, the report presented by the
Secretary showed that while during the year end
Ing 3lst December, 1870 the offerings Of Wheat
were In excess Of the quantity offered in the year
ending 3lsr December, 1882 by some 200, 600 BUSH
els, there was falling off in Corn, Oats and Rye
The Board at their last meeting unanimously re-
solved, instructing the Executive Committee
tMessrs. Staples, Robinson, and McCubbln,) to
enforce regulation On Change prohibiting any
seller from Offering any article for sale, or any
buyer from bidding for any article until the hour
designated by them, 1.-THE committee j that Is,
until the bell Strikes and also nstructing them to
see that every member on coming on Change
shall report to the Secretary what he has for sale
before he offers it. and also that all sales shall be
reported, whether they be on private terms or
other wise.
These regulations are intended to facilitate busi-
ness on Change, to give all buyers an equal chance
In The competition for grain and to enable the Sec
rotary to present full and complete statement of
the transactions of each day and this IS partIcu-
larly to be desired, especially regards the sales
for Instance, ifl0 900 bushels Of wheat be offered,
and 1000 bushels be sold, and but 5000 bushels be
reported as sold, the conclusion would be natu-
rally drawn that when but 5000 bushels out of
900 were sold, the market was dragging and oyer
stocked, and consequently bad one to send grain
TO.
The report ofthe secretary shows Ito members,
OF whom there are but some four or five delinquent
as regards the payment of their subscriptions.
W hen the Exchange was first inaugurated some
spirited citizers not engaged In any way In the
grain or -four trade became subscribers in order
to encourage an institution which they believed
would benefit the farmer and the commission
merchant. Some few of these have, now that the
institution Is complete success, withdrawn,
while others have remained but the places ofthose
who have thus withdrawn have been filed up by
active members III are new men In the commits
sion business. The working OF the institution has
proved incontestihiy that the farmer and commits
sion merchant are benefited by 1t, and that 1t af-
ords facilities to the mllers which they could not
otherwise have, and chance to all of them to
secure portion OF the grain offered for sale.