The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1877-09-07
LOCAL MATTERS.
TIE BUSINESS OF THE CoEs 2sD -Four E

7 THE BUSINESS OF THE Co1sS 1SD FI0UE Ex.
CuaSGE-FUI.TZ AND LANCASTER WHEAT
COMPARATIVE SALEs.-The offerings OF wheat
on Change during the week ending the Isl
instant were O,30S bushels, against 1924
bushels in the preceding week, and 29,97C
bushels in the corresponding week OF last
year, While this statement SLOWS q great
falling off as compared with tile week be-
fore last, yet 1t still exhibits an. excess OF
10,42S bushels over the corresponding week
OF 1875 The offerings yesterday on Change
were only 5,124 bushels, and the offerings
on the 9Th; OF September, 1876, were 2,512
bushels. The offerings from the 1st OF
July, 1877, to the 9Th OF September,
1877, inclusive, were 53O,o3f' bushels,
and the offerings from July l, 1876,
TO the 9th OF September, 1876, inclu-
sive, were 309,859 bushels, showing m eN-
cess thus far this season OF 220,615 over
the corresponding period OF last year.
ending 3Oth June, 1876, were G53,345 bush
cIs. so that from the 1st OF July this year
I'D to Yesterday the offerings on 'Change
were within 1881 bushels OF the total
offerings for the year ending 30th June,
1876. and within 81 ,554 bushels Of the total
offerings on 'Change for the year ending
3Oth June, 1877. These figures are sugges-
tive, for while very many people attribute
the recent falling off in receipts exclusively
to n disposition on the part OF farmers
to hold over their crop for higher figures.
they seem to forget that the immense excess
OF the receipts this year over those OF last
wear may have something to do with the
dimnution in the quantity arriving.
Somewhere about the 18th OF last July
the secretary OF the Exchange began, at the
instance OF members, to distinguish in bis
reDorts between FultZ and other wheats,
Lancaster especially, and the first instance
OF Fultz designated as such was at SLIGO
for prime. very good white selling the same
day at s1.C5. On the 2ith OF July very
good Fultz sold at S1.J0, and very good
Lancaster at 81. .5SGS1.60; on July 3lst very
good Lancaster sold at S1.G0QS1.G1, and
prime Fultz at S1.40@$1.42; on August Sd
brine Lancaster sold at SLIGO and prime
FuItz at SLAB; on August Sth prime Lam
caster sold at s1.47Gs1. 80, and prime Fultz
at S1.40; on August II prime Fultz, SLAP,
and prime Lancaster $3.50; on August 18TH
prime Fultz S1.35 and prime Lancaster
81 40; on August 31st very good Lancaster
S1.36MSl.40, very good Fultz Sl.32@Sl.3G;
and since then FultZ has begun to run neck
and neck with Lancaster until yesterday,
WHICH NtlS HOVu l. uItL So'u Hl -i'1o Nho
prime at S1.5O; the best sale OF Lancaster
being LAG for good, while some Lancaster
reported very good sold ut Sl.45.
These figures show that the wide differ
cncc which some weeks ago existed in price
between Fultz and Lancaster is no longer
maintained; but whether they will con-
tnuc to move on pari paSsu cannot be
said.
It is desirable to impress on all connected
with the Exchange the importance OF re-
porting accurately and in full what they
offer and what they sell. This is essential
to the thorough understanding by the pub
lie ut large OF the full extent OF the busi-
ness done. II all the wheat offered OIL any
given day be sod, and be so reported, it
shows an active market and does good; but
If only half OF what was sold be reported
it indicates an inactive market, and does
harm. Two or three other things will do
good to the Exchange: such as not to forget
that all the subscriptions are not paid yet;
that members should remember that non
members, except from the country, ought
not to be introduced by members; and that
all spongers on the Exchange should be en-
ecuted forthwith by the Executive OF Exc
cutting Committee. .~- .tr..