Staunton vindicator. [volume] (Staunton, Va.) 1860-1896, 1888-05-18
MARK ETS.
VINDIcAToR OFFICE,

There is an active demand for breadstuff and
grain of all kinds. Home millers are In want
of wheat and taking all that comes in and
shippers are buying all the corn and oats for
shipment to South and East. A good deal of
stuff of one kind and another has been hauled
to Staunton this week and our grain dealers
have been quite busy.
Wool is dull. But the price paid in Staun-
ton is more than can be had by sending to
any other market, and our buyers are putting
their purchases away to await a better time to
come. The market is exceedingly dull and
low down in the wool centers.
Hay is coming in very lightly. 1t is badly
wanted but unfort unately the crop is about
exhausted and there is but little left to do
business with.
The weekly report of R. G. Dun & Co., of
New York, for the week ending last Saturday,
of England rates. and the bad crop reports
have made the business prospect less fayora-
BILE. The crop and individual reports are not
very encouraging. 1t says:
'"The condition of wheat May LIST, officially
estimated at IS, indicates loss of about
$4,000, 900 bushels of wheat, and with signi-
fcant anticipation of the news the market
rose three cents in day to 81 on Wednesday,
with great excitement. When the report came
on Thursday, realizing of profits broke down
the price 1 cent, but the struggle between
Chicago bulls and New York bears is likely to
make the market active for some time Sales
during the week reached As, 1913, 900 bushels
here, with an advance of l. cts. for the week.
The natural increase in spring wheat, conse-
quent upon railroad building last year, has
yet to be estimated, and it may be enlarged
by the report of shortage in winter wheat, SO
that the fair yield and the surplus remaining
from this year may yet prove sufficient for
all requirements. Corn and oats rose but
slightly, and pork products show no impor-
tant change.
Notwithstanding the higher prices of
breadstutfs and meats, the average of all prices
continues to decline, having fallen about q
quarter of one per cent. for the past week.
Business at interior points is irregular, but on
the whole smaller than year ago, exchanges
outside of New York showing decline of
about four per cent. The earnings of railroads
still show gains but the prices of stocks have
declined during the week an average of more
than 81 per share, under the influence of I'M
favorable crop reports and the beginning of
gold exports. In the oil market no change
of consequence appears, but coffee is stronger
r.. Il: =.
But the closing of hosiery establishments,
employing, it is stated, 5000 persons in Penn
sylvania alone, in consequence of large i'm
ports and sales of German goods at unprece-
dentedly low prices, attracts attention. The
wooden manufacturer declines to purchase
material except for Immediate needs; and the
average price of all classes of American woods
is ] of cent lower than a month ago.
''The output of iron May LIST promises larg
er than April LIST, the opening of large Ala
bama works, and renewal of operations at the
Edgar Thompson works, raising the weekly
capacity of furnaces in blast to 1872, 552 tons
according to Pittsburg, and 1905 tons ac-
cording to New York figures. A year ago the
output was 1873, 514 tons weekly, with prices
strong. Now the tendency is downward;
Philadelphia quotes about $19 to $3.50 for
No. l, and the expectation of lower prices in
consequence of southern and western COMPETE
ton increases Bar iron is weaker also, with
reports of sales at IT'S, and the rail market
has weaker tone.
"The business failures occurring through
ont the country during the last seven days,
as reported to R. G. Dun & Co., the Mercantile
Agency, Friday by telegraph. num-
Der for the United States 1872 and for Canada
II, or total of 2Oe failures, as compared with
total of 234 last week, and 223 the week pre-
vious to the last. For the corresponding week
of last year the figures were 1877, being 1856 in
the United States and 80 in Canada"