The Valley Virginian. [volume] (Staunton, Va.) 1865-1895, 1879-09-25
Advance in Wheat.

| The condition OF the European grain n ar
ket, continues favorable tothe American pro
Queer, and fully sustains the theory we have
consistently maintained in the VIRGINIAN
London dates of the 10Th state that the grair
trade continues to show hardening tend
ency. Little Of the new crop of wheat is O:
yet available, and almost the entire con.
sumption is for the time thrown upon for.
elgn, large supplies OF which are consequent.
ly absorbed without difficulty. The SAM
pies OF old English wheat offering have been
readily taken at fancy prices. There has
been Large business in cargoes of American
red Winter and California, at an improve
ment OF Cd. to Sd. At Liverpool and the
nelghboring markets, since Tuesday, there
has been good consumptive demand for
wheat, and prices were fully maintained.
Maize advanced Id. At the opening of to-
days Liverpool market business was checked
by holders asking Sd. advance on wheat. u
tlmately,sales were effected toa fair extent at
an improvement of Id. to I'd. on red, and Id
on white wheat. Flour was again Is. per
sack dearer. Corn was in fair demand at 81
d. above Tuesdays rates."
Upon the receipt of this news, wheat adj
vanced from two to three cents In the east
ern cities, and went up in the same propor-
ton here. On Saturday last it was quoted
in Stanton at 06 to 81 10, and in Balti.
more from IS to 81 Ozone class of Mary
land selling at 81 27. Almost simultaneously
with the favorable outlook for the farmer,
however, the railroads advanced the charges
of freight to 3 to 81 cents per bushel for
wheat from Staunton to Baltimore, thus de-
priving the producers of this much legitimate
advance in their staple production. We are
not acquainted with the reason for this &C.
ton OF the railroads, but upon the face, it
looks like an unreasonable impost ion. and
indefensible in the light OF public policy.
The market continued to advance Monday
and Tuesday, and on yesterday in Baltimore
wheat was quoted at 27a$l 80, and in
Staunton at 10a$l Is. Flour experienced
corresponding advance, selling here at S.
toss 05 from the wagons.
AS bearing upon this activity in the grain
market we give the following paragraph from
the Baltimore Suns New York financial cor
dated the 22nd
The liabilities OF Rosenfield, the grain ex-
porter, who failed late on Saturday, are es-
timated as high as 100000, mostly due in
Europe. He was on the short side of the
market, and the extelt of his liabilities show
a
are several other firms Chiefly English and
Germany who are largely short of the market
but so far they have weathered the tide of
that has set in against them.
1t is to these heavy bear sales, coupled with
the large speculative purchases by stock op.
orators, that the present advanced rates for
breadstufs are due; but these advanced quo
tatlons have put complete stopper on the |
export trade, and though there are a few or
ders they cannot be executed at prices as low |
as they are now ruling in England and !
France.
A dispatch from Paris, dated Sept. 23rd
says:
''The Bulletin Des Polls reports that the
new wheat threshed so far is unsatisfactory
both in yield and quality. being deficient
even in the districts where it was expected
to be favorable in several departments. The
new wheat brings from three to four francs
per quintal less than the old, some of it re-
4uirng several months drying before it can
be mlled