Staunton spectator. [volume] (Staunton, Va.) 1849-1896, 1888-08-22
StauntOn Markets.

Staunton. Va. Aug. 2lst. 1888.
There is an increasing activity about the
grain warehouses. The dealers ALL more or
less. handle fertilizers. and the prospect for
active fall trade both in buying the stapes,prc-
duced and selling to farmers their seasons
supply of soil stimulants, is very good. We
have not changed wheat quotations from last
week. but are not 80 sure that cent could not
De added making the price 81 instead OF IS
cents, as it will be found in the price. current
All the Information which can be furnished
rom the foreign situation. as well as that In
the United State. bearing upon the supply and
price OF breadstuffs Is good reading for our pro.
ducers as well as the dealers in the surplus OF
them.
An increased foreign demand Of breadstufs
exists, caused mainly by short crops in Europe.
The requirements of Europe upon wheat sup
plies ia about 1926 600 900 bushels above Its pro-
duct. The total amount for export Of all coun-
tries Ia about 240 0O0 900 bushels which includes
from SO,OO0,O9O to 80 100000 bushels from the
United States. The deficiency in the European
demand for the year ending LIST September
1888. will be about 100000 bushals-some re-
viewers making it more and some less. In ad-
dition to this, the rye crop. which furnishes a
large amount of the bread consumed in Europe,
and India are the only countries from which
the conceded deficiency can be supplied. AS
the settling point touching that matter is
reached. will come the question Of prices. and
that is just what we all hereabout want to
know. VIII wheat stand as at present; will 1t
recede, or advance in price, are the inquiries.
Last winter we realized an advance in wheat,
but it was caused by failure of the corn-crop in
the West for two years and not from the
hitherto ruling influences that come from
across the Atlantic. Now we know the Western
States are short about 100000 bushels in the
wheat crop of 1883. and there is short crop also
in Europe where the actual situation demands
more than the reported supplies available by
about IS, 600 900 bushels.
1t is well settled conclusion that the Uni.
ted States cannot be the principal contributor
to this deficiency without realizing CORES
ponding increase In prices, which must move
up all over the wide field of demand in Europe. |
Having arrived at this view of the matter. we
quote from the London corr espondent OF the
Minneapolis Northwestern Miller who reviewed
the situation of demand and supply upon the |
largest SCALE and summoned up that the de. |
fciency in Europe would be 74OO0,0 bushels, |
and then he goes on to say that whatever this |
nominal deficiency may amount to. it remains |
reserve stocks in the United States, Russia, |
and India; and continuing. remarks:-
"If this can easily be done then the market |
may 60 on unruff1ed, but cannot help coming |
to the conclusion that we will shortly begin a
CELEBRATED In September, especially if wet |
weather sets in. have made this estimate for |
the coming season thus early because 1t strikes |
me that the position is actually stronger than |
most people seem to Think
Since this we'll Informed reviewer made his |
and gave out his conclusions, the
crop of Spring wheat In the United States aud |
the harvest prospects III Europe have not i'm
proved, ifindeed the estimated yields have not |
b cen reduced since an earlier survey of the |
fields.
fiP. S.-The foregoing comments on the wheat
market were written during the morning |
hours Later In the day we had information
that sales of wheat had been made at So ond Sc |
cents.
The interest in the future of our hay crop is |
only second to that of wheat There are good |
and increasing markets in the South Atlantic
and Gulf States which for the growing demand |
looked to the west mainly for the supply. |
Whilst the Valley of Virginia cannot enter
these markets with more than very small
proportion of the requirements, yet being SO
fine an outlet for our surplus, every feature of
conJroll1nS lnHuence III supply Is matter d.
rectly affecting our interests.
Chicago is a leading hay. as 1t is a grain
trade center. Information of the hay crop of
the upper Mississippi Valley and Lake States
is gathered there to larger extent and with
more accuracy than at any other commercial
point of that wide extent of country.
Added to good grass crop in the West and
Northwest. the oats were large in yield, and
the corn is very promising. The abundance of
forage and stock feed will increase the export
of hay, and all accounts concur that there will
be very heavy shipment from that country
to the Southern States this season. The crop
is estimated at two million tons more this
year than last.
No changes have occurred in wholesale
grocery lines during the past week.
The local market for butter and eggs is now
little excited, owing to the demand made
here for those articles to supply western water
ing places, at all of which there are large num-
bers of VISITORS consequently both are quoted
higher with active demand.
THE quotations are wholesale. not retail,
Country Produce.