Staunton spectator. [volume] (Staunton, Va.) 1849-1896, 1888-05-02
StamutOn Markets.


Comparing our own grain market with 9TH
ers, the quotations here are higher in proper
ton than they are at the exporting centers OF
trade The foreign demand is reported dull.
and at the large storage points for flour On
this side of the Atlantic, wheat and corn are
not holding their own as they are in the in
terror markets to which the local mills are &C
customed to look for grinding supplies. Three
points incongruons in their nature are OBJ
served as the bread supply question is at
tempted to be solved by those who are in the
trade. five look across the Ocean the de-
mand is poor for wheat, and exports from the
United States diminishing pro ratD. Flour is
more active there. In the United States, flour
Is dali, and the ttoragc-houses full at the
larger centers of commerce. for the reason that
in the exports both of -four aud wheat we have
to accept the medium of foreign vessels con-
troled in the interest of British trade and for
cling the larger bulk of our surplus through
the narke cts of the United Kingdom.
Last week we adverted to the situation in
the West as the poor prospect in the winter
wheat states was then presented for good
yield the a. preaching harvest. The informa-
tion since makes that view stronger, and the
Interior miliers are short of grain now with a
very dull prospect in view for their business.
Here is a view of the situation furnished by
the Prairie Farmer of Chicago, which is ex-
cellent authority. made up TO the 18th ultimo:
,rThe advance in wheat and corn continues
with the usual alternate up and down waves !;
but substantial gain appears to have come to
stay The cold, late Spring, quite unexpected
after SO severe Winter, has seriously injured
Winter-wheat and rye generally, few points
excepted; while Spring sowing and planting
and preparation of the ground, are much re.
tarded. Several correspondents of the Prairie
Farmer report the season two weeks behind
average years. This is probably stating it
have not settled Spring weather yet Some
localities complain of lack of rain. This con
dtion OF WORE VIII ,re s snd Supply ,h Oh corn
diminished reserves in the hands of farmers,
favor present and even higher prices. In rid
ing through the corn regions one now sees
veTy few full cribs of the old crop, as compar
ed with most years. In the Chicago Elevators
there are now only million bushels of wheat
and % million bushels of corn, a total OF Z =
759 258 bushels; while last year there were at
this time in Chicago 1917 million bushels of
wheat, and 1219 million bushels of corn, or a
total of e. 1858. 799 bushels, or nearly four times
The VISIBLE supply in the whole country
East of the Rocky Mountains, is only 321S mil
lion bushels of wheat; last year 4S12 million
bushels $50 per cent more) OF "vsiOle" corn
n the country, million bushels, last year
1917 million bushels; or total of "vIsible''
wheat and corn now 40766.547 bushels; last
year at this time 81 1874 500 bushels q III 1862
bushels (nearly GO per cent? more than now
The home consumption will require 90 million
bushels of wheat up to Sept. LIST, or 81 million
bushels more than are now in sight, most OF
which must come from producers, as well as
all that to be exported"
Last week we quoted wheat at 90 cents. To
day good Is selling at 9f1l. Corn has also ad-
vanced.
There is nothing to note in wholesale grocery
lines except an advance in Western lard,
Butter and eggs are both lower and in good
supply.