The Valley Virginian. [volume] (Staunton, Va.) 1865-1895, 1879-08-28
The Grain Market.

Telegraphic information from London to
the 25th states that Mr.. Scott, the well known
agricultural authority, in his annual let ter
reviewing the crops, estimates the outcome
OF the grain crops at a third less than the av-
erage, amounting to loss of e25, 900. 900. or
5,0OO,0 900 to the cultivators, and that 49,
0O,0OO quarters, Or possibly II, 10000 quar-
tiers, or from lbs, 100000 to136, 600, 900 bush
els, will be required from abroad. Mr.. Scott
also estimated that the deficiency in the po-
tato crop will cause loss to cultivators of
el5,OOO,0 600, or SIS ,000,0 900, and the deficien-
cy in beans, peas and rye a loss of &C., 1000, 900,
or $15, 000, 900. The London Standard, in its
financialarticle. says it is declared by compe-
tent judges that the rain of last week has
done more damage in some districts than all
OF the previous excessive rains.
A London Times dispatch from Bushire
says the drought has severely affected the
spring harvests in South Persia and the Bag
dad and Bussorah districts in Asiatic Tur-
key. The price of wheat in Messapotamia
has risen to three times the usual rate. A
dispatch from Bushire to the Times says -
''Should second dry winter occur, Persia
would be threatened with y famine as disas-
trous as that of 1872. The maize harvest
in Servia is very unpromising in consequence
of drought. Numerous fires are also re-
ported daily in consequence of the ex-
treme dryness of the vegetation and heat
of the sum-
A Vienna dispatch, dated the 18th, says ::
The international grain fair opened in this
city this morning. An official report states
the Austria Hungarian wheat crop of the
present year is 100000 metric centals
less than the crop of 1878, but owing to
accumulated stocks of 1878 only 1900, 900
centals will have to be imported Importa-
ton OF 1000, 900 metric centals of rye will
be necessary but the oat crop is sufficient
to allow margin for export. A metric
Genital represents measured hundred
pounds.
A dispatch from Dublin, August %, says,
the Freeman's Journal of that date pub
lished letter from its commissioner in the
Mcot VI 1IClduu. REPRESENTING tlldt ttlulOSb d
famine prevailed among the tenant farmers
in that section.
These reports explain satisfactorily the
remarkable movement of steam and sailing
vessels from Europe to America, not less
than two hundred and siXty-five being on
the way to Baltimore alone, capable of
carrying 10000, 900 bushels of wheat. And
notwithstanding the extraordinary efforts of
the s'bears" to press down prices wheat has
advanced several cents in that market since
our last issue. Last week there were over
$500, 1000 bushels of wheat in the Baltimore
elevators for foreign shipment, and this ac-
emulation of grain at that point, follow
ing SO soon after the s'unloading.'' by Mr..
Keene, of his enormous stock, had the eff
feet to unnaturally depress prices, and send
out theimpression that wheat was dull and
declining from legitimate causes.
We have carefully gathered the facts as
stated above, in confirmation of what we
stated last week, and for the information
OF the farmers, so that they may have all
the current facts, to enable them to regulate
their own movements and operations.