Staunton spectator. [volume] (Staunton, Va.) 1849-1896, 1886-12-22
FINANCIAL AND COMMERCIAL.
THE WHEAT SUPPLY.

The wheat market at controlling points will
rema ain 0iatter of interest to our people in
definitely, and we continue to condense intelli-
gence touching the same from the best sources
of information.
The stocks of wheat and wheat-four in the
United Kingdom of Great Britain, were esti-
mated on November LIST, 1885, to be equal to IS
or 100000 bushels wheat. During the month
to December LIST, there was decrease of 100000
bushels. 1t is estimated that on December 31st,
1885, there will only be 10 600 600 bushels against
q 100000 December Slst, 1885; is. 100000 Deem
Der Sist, 1884; end S2,C00,00) December 3lst
1888 The smallest stock in the United King
dom on 3lst OF December, during any of the
last twelve years, was in 1880, when there were
only 6, 1920, 900 bushels.
at the principal grain ports of Liverpool,
Bristol, and Gloucester. there were in wheat
and wheat-four LIST of July. 1886. s06S 1885, LIST of
November 6,7940IS; LIST of December 5,7S3 OFT
bushels. On LIST of December. 1885, there were
1851 S43 bushels. showing gradually diminish
ing supply to December, which is the lowest
since 1880. The amount of decrease to lst of
December as compared with that On hand LIST
of November is about 100000 bushels or forty
per cent less.
In France, the stocks are small. In Paris,
December 3rd, there were in wheat and wheat
flour equal to 1,080.OO0 against 2.15O,2S6 bushels
December 3lst. 1886. In all France, the stock as
estimated at December 3lst, 1856, will be about
100000 bushels.
At Odessa In Russia, the stocks of grain are
diminished, and the stock of wheat unusually
small.
The cable kilograms of the 18th instant repre-
sent the Liverpool grain-mark ct as very strong
Il iva md r,rin pAxyar Mi In
all the interior markets is dearer. All foreign
cargoes were readily TAX en- at advance
Flour and corn were also advancing and firm.
The receipts of American corn for the three
preceding days were 5.S60,00O bushels. Grain
futures were steady.
Some of our readers have supposed that the
advance In the price of wheat. as it affects the
market at stanton, is III consequence of the
closing of the Erie Canal by ice, thereby di-
furnishing shipments from the Northwestern
S, 'ates by Lake Transportation. That 10 mis-
tak,. rs we have endeavored to den onstrate
from he first. The real cause of the advance,
as has been shown during the last three
months, 's the shortage in Europe. which is
more than double the amount of the United
States surplus. Under present circumstances,
it was natural to look for some decline in
Chicago, not on " because of the ice-embargo,
but in consequence of the visible supply OF
wheat in the United States which was SS9,S20
bushels more than { was the previously ended
week. The Prarie Fla. v7ner says: THE situation,
however seems to be wheeling into line gradu
ally for higher prices, as foreign advices are
quite strong, and while exports are large, the
receipts particularly at Northwestern points,
seem to be falling off.
Gold Coming from Europe.
Steamship Aller, of the North Germsn Lloyd
Line. from Bremen for New York, which sailed
from Southampton on the 18th instant. has
s467. 500 in gold.
A special London cable to I. q S. Wormser
reports that s53e, 900 were Withdrawn from the
Bank of England on the 18th for shipment tc
America. In all about six millions are esti'
mated tn be in transit Tor New York.