The Valley Virginian. [volume] (Staunton, Va.) 1865-1895, 1881-09-15
THE MARKET


The markets have kept very steady for the past
week, with strong tendency upward, especially in
wheat. The quotations show slight advance in
the latter, with good supplies of both wheat and
Hour coming in, and demand equal to supply We
quote Flour Family, 81 so; Extra, ST 10; Superfne
10 3d. Wheat 36 to 81 40. Corn, 80 to IS cts Oats
oo TO 81 cts. Clover seed, 25 to Sc so. Timothy
seed 10 to So 90. Hay, baed, IS to SO. Bacon 2X
WOOL, % cts for unwashed, IS for washed. There is
very little OF wool held In bulk Rock and Alackley
have about $1,000 lbs holding for better market.
In Richmond, wheat is quoted at 40 to 81 SO. In
Baltimore, 45 to 81 SO.
The seeding of the farmers Is backward on &C.
count OF the drought. Very few Of them have fn-
1shed blowing, and some have scarcely commenced
This fact may diminish the acreage somewhat, The
purchase Of ferttlizers-a good criterion to Judge
of the quantity Of ground to be sown-has been
about as last year; but 1t is possible the amount
used will be less than last year, unless the season
shall be more favorable for getting the ground In
order.
London dispatch dated the 12th, has the fellow-
ing from the Mark Lane Erpress review of the for
eign grain trade of the last week.
'There has been more or less rain every day du
ring the week. In Wales and some parts Of Ireland
the weather was more favorable. In Scotland the
harvest Is only commencing. Much of the grain is
unf1pe. The deliveries of native wheat 1ncreas
ing, but less than one per cent Of the samples now
on oIer are In good condition. The inevitable con-
sequence OF Offering such large quantity Of dam
aged grain In country which normally depended
for threefths Of Its breadstus on foreign supplies
has been the rapid lowering of the initial standard
OF value for native wheatS The bulk of the secured
crop will not be fit to thresh for months. The pro-
v1nc1al markets have been irregularY cheaper dur
Ing the week. In London, a decline'of Is, on We'd
nesday was not recovered the Interest centerng in
foreign breadstuffs, which, in spite of slow sale
1nn hail
Alfn01gn various causes combined to arrest the
downward movement, such as bad weather and
nigh speculative prices in America, the rapidly In
creaS1ng floating supply Is strengthening the uosi
ton of buyers English flour generally fayors
buyers.
me New York Tribune, of the 18th, in its edtto-
rial review Of the gold and grain trade of the last
week concludes as follows:
The news from Europe does not point to a greatly
reduced demand for grain. Rain during the third
week OF August caused much damage to the crops
In England, and the prospect had previously been
not very SasfactOry for nearly half of the returns
made to The Mark Lane Express were below Average
while only 61 per cent were above average and the
returns show decrease of 103 900 acres or over az
per cent, In area planted with wheat. These facts
Indicate that the yield will be much smaller than
that of 1880 and the actual imports Of Great Britain
during the past year have been about 900 cwt
or 12O000,0O0 bushels French journals Of high au,
thor1ty now state that 0France Will require to i'm
port at least as much wheat in l8S1-'82 as during
the past twelve months ending July 81, have been
81, 1872 900 bushels. The German crop Ia below that
OF last year, and 200 bushels were imported
during the six months ending June 80, but the
amount wanted during the latter half of this year
Will pc larger Heavy rains have done much dam
age In Denmark, and severe drouth In Italy, In
short, the only increase of supply in Europe Is in
russia ano Austro Hungary, while the deficiencies
son advances.