The Valley Virginian. [volume] (Staunton, Va.) 1865-1895, 1886-09-09
Grain Matters.

The visible supply of grain for the week
ended August 81 showed an increase of $685.
600 bus. OF wheat and 900 bus. of corn. The
movement of wheat continues on a liberal
scale, and it looks though this business was
once more on healthy basis with good pros
poets for foreign demand for all our surplus.
The oyerproduction of wheat throughout the
world, which for several years has kept the
prices on the descending scale. seems this year
to be followed by crops that are not more than
sufficient for the worlds consumptive require
ments and we now have the prospect OF See
ing our wheat move out steadily TO foreign
markets. provided prices not advanced too
high by speculation. good healthy export
trade in breadstuffs Will go long ways tow
ards restoring prosperity to the farmers and
thence to all other classes.
The receipts of wheat at the Atlantic ports
for the week ended August 26, footed up $685.
657 bus, and of flour the receipts were 267, Isl
brs against ,S13 brls. flour and 1854 1862 bus.
of wheat for the corresponding week last year.
The exports for the week were 202, 965 brls flour
and 2,103,3 1863 bus. wheat, a slight increase in
flour and small increase in wheat as COM
pared with the preceding week. The exports
of wheat and flour combined for the week
ended August 26 were 3,016,6l2 bus. against
i.64356f bus. for the corresponding week of
1885.
Mr. E. H. Walker, formerly statistical OF
the New York Produce Exch ange, estimates
that France will need to import from 100000
to IL 600 900 bushels of wheat this year.
The latest official report of the India wheat
crop makes it A6.O0O,O0O bushels against 2S7,-
600 900 bushels last year, decrease of 100000
bushels, or a larger quantity than the entire
exports from the last years crop.
The Chicago Tribune takes the ground that
higher prices for wheat may be looked for,
owing to the shortage in the worlds supplies as
compared with recent years. The Tribune
says:
saThe truth of the matter appears to be that
Frame will need to import something Ike
5O.0O0OOO bushels of wheat, and the United
Kingdom will want considerable more than
last year to compensate their home crop def
ciencies; while the supply from Australia i is
no larger, and the yield of Russia recently does
not exceed an average. The holders OF wheat
In the United States have, therefore, the prom
Use of a better market for what they haye to
spare and the magnificent quality OF the Win
ter wheat now moving makes 1t more than
ordinarily attractive to the foreign miller. One
of that class writes that in his opinion 1t Is
worth fully 10 cents per bushel more than the
wheat from British India, about which SO much
has been said in the recent past. how large
an advance in prices is justified by these facts
must be left for the future to decide, but 1t does
not seem likely that their force mas been na5y
for wheat of first-class quality, which is really
wanted in large quantity by the Old World,
in this market, as it is some Is cents below the
specie average of the previous quarter OF a CEN
tury. But it is 10 cents higher than the point
lust above which our market has lowered for
many months, and that advantage would N axe
all the difference in the world to the comfort
of the farmer who raises the wheat ana ADD
camille business by increasing the ability OF
the agricultural class to patronize it"