Staunton vindicator. [volume] (Staunton, Va.) 1860-1896, 1888-08-24
MARKETS..
VINDICAToR OFFICE,

The feature in the grain market this week is
the advance in wheat In Staunton, since our
last report, the gain has been fully cents
per bushel. And this has been the average
advance throughout the country. Three rea-
sons are given as influencing the markets, and
causing the advance-frst, the western win
ter wheat is turning out very inferior in qua
lity, weighing generally not over 4S to so
pounds per bushel; second, foreign news are
of very Bullish nature both as to the crop
reports and the probable demand for Ameri-
can wheat; third, the Spring wheat in the
Northwestern States is said to have been dam.
aged badly-and these three conditions put
together are sufficient to make holders of
wheat very firm.
Hay is weak, and declining. There is fair
demand for timothy of good color, at prices
something less than have been prevailing. No
change in corn, oats, or rye.
The following quotations of wheat ruled
yesterday in taunton-Longbeny 87aS9;
Fultz S0a82; Mixed SOaS2. In the market
butter advanced to 16a18, and eggs to 123.
AS there was no other change in the prices
we omit our usual quotations of the markets.
The Baltimore Sun of last Tuesday calls at
tention to the fact that wheat is selling there
now for at least Is cents per bushel more than
it brought at the same time in August of last
year. 1t says that ''the Baltimore wheat mar
ket was remarkably strong yesterday. Wealth.
er advices from Europe indicated damage to
the crop. While the wheat movement was
not very extensive, the feeling was strong in
this and the other local markets. September
delivery, which is the principal deal at this
time, was quoted on Saturday afternoon at
9l3, and closed yesterday afternoon at 933 to
93f. Southern closed earlier in the day at 81
to s5 cents for Fultz and Longberry to millers
The receipts were sold before the highest
prices of the day, which would have put it ur
about one cent more. A gentleman who is
veteran in the shipping and commercial bust
ness of the port of Baltimore says: Europe
will take all the grain that the United States
have to sell of this years crop. North Anne
RIGA and Russia have the only good grain crops
of the world this time. There will be an &C.
tive shipping trade for Baltimore this fall and
winter. The supply of sailing ships has been
short, because the steamships are driving
them from the ocean. The steamer fleets arc
trade, but they will be brought this way as
soon as practicable."'
The Sun of Wednesday last, noticing the
strength of the wheat market there saws
1.-The Baltimore wheat market was strong
again yesterday. There is not great deal OF
export business just now, and while there ale
some foreign charters making, there is no de-
cided cause for the advance apparent. South
ern wheat took the early jump, and sold up to
96 for Fultz. Longberry was quoted at 9S
but there was none on hand. Western opened
at about cents advance, and was active in tn,
September deal. The market then declined
but fully recovered in the afternoon and CLOSED
at about the best prices of the day. September
delivery was 944 to 943 and October 951 to
954'
Dun's weekly review of trade for last week
is favorable. Business in every part of the
country improves, with many indications of
good fall trade. Manufacturing is more &C
tive and more labor employed, and both the
feeling and the actual situation are improved
The iron trade which has shown a discourag
ing dullness now shows recorded gain in its
weekly output since July LIST, of nearly Der
cent. The more definite reports from North
western crops are favorable, showing less
damage and crop equal at least to last year.
The review says
Speculation has entirely disregarded crop
news, and cotton has been lifted a quarter
with better prospects of yield, Just as hogs
have risen and lard 1s cents per 100 pounds,
IN spite OF excellent prospects for corn, which
was nevertheless hoisted Yesterday. Wheat
mas declined over cent and the slow export
demand is still the prevailing feature, though
foreign crop advices are gloomy"
very important movement in the cattle
interest is being made, the result of which
may be that that the country is to look here
after to big monopoly for its quotations of
beef. The American Meat Co. with 1926. OOO..
ooo capital, with its headquarters in New
ork and Its headquarters in Kansas City,
Mo, where its slaughter house is, will be in
full operation by December LIST. 1t has secured
land and about million head of
cattle to begin with. The dressed beef from
its slaughter house in Missouri will be shipped
East in refrigerator cars
GRAIN MARKETS.
BALTIMORE, Aug. 22.-Flour active and strong.
frmer and high, Fultz 93a9s
Longberry 94ae9. Western wheat active, irregula,
and closing easy-No. Winter red, spot 93sszae4.
Corn-Southern quiet and steady, white 54a56,
yellow 56a57.
CHICAGO, Aug. 22.-Wheat firmer, cash $751;:
s6M. October S7ss. Corn steady, cash
445s; September AK. October 445a. Oats steady,
cash 25; September 2lss, October 245s.
RICHMOND. Aug. -Wheat-Sales 7, 1855 bushels:
prime 96, very good SO, common 7SaS4. Corn 81
Oats 35a40; Rye SO.
LIVE STOCK MARKETS.
BALTIMORE CATTLE MARKET. Aug. I6-Beef
Cattle.-Prices of Beef Cattle ranged as follows:
.....................$4.50 490
Generally rated first quality 4.25 45O
Medium or good fair quality. 400 425
Ordinary thin Steers, Oxen and
Cows. 2.25 1926
Extreme range of prices 2.25 400
Most OF the sales were frOm......... 325 a $50
Total receipts this week 2,7Sl. Total sales l,O5y
Of the receipts 2,0l2 came from Virginia.
The market. though generally slow, was some
over last week. The Baltimore
butchers bought somewhat more freely, taking
about 100 head more than they did last week, and
other dealers about the same number. There is no
material change to note in values, prices remain
ng about as they were last week. with the quality
about the same as 1t was last Thursday.
Sheep and Lambs.-There is a fair increase In the
eceipts over last week. some 700 head, but under
he influence of somewhat more active demand
han prevailed then there is an improvement in
,rices, slight advance being felt In the Sheep
rade. with about &c on Lambs. The quality is
ully as good all through as that of last weeks
,ferings. We quote butcher Sheep at 3a4Ac per
b gross. and Lambs at 411a6c per pound gross,