Staunton vindicator. [volume] (Staunton, Va.) 1860-1896, 1888-02-24
MARKETS..
v1Np1cAToR OFFICE, !
SrAuNToN. VA, Feb. 23rd. !

| time when there should be most demand for
it, and yet it is, if anything, rather more mac
tive, duller, weaker, and harder to sell than
ever. The absence of large orders from the
East is very no ticeable. 1t may be that the
s.racket" made of late years by hay shippers
about timothy hay, and the big difference
! they make in favor of it, is having the effect of
making more farmers SOW timothy alone--or
it may be that orders will come in later, for
it is undoubtedly true that there has been a
gradual change in the time of sowing. It
used to be mostly sown in February, but now
| more is seeded in March and April about the
| time of the s'sign of the Grab" The catch is
better and not so liable to be killed it is said
The stock of cloverseed held in Staunton is
| very large, over thousand bushels being
held by one party who carried it over from
last year expecting better prices than were
current then. 1t is non lower than at any
I season since the war.
Wheat-Millers seem to have enough for
their immediate wants, and shippers are linn
tied to prices in Baltimore and Richmond.
The market is quiet without quotable change
in values. There have been only few round
lots offered this week. Mr.. David Coiner and
Mr.. G. W. G. Karnes are each delivering car
load at Fishersville, and Mr.. r. o. Baylor o
very choice article at Staunton.
Corn and Oats-are both about where we
left them last week. The Southern demand
for seed oats is practically over and that fact
tends to depress the price, and accounts for
the decline. The home deman is still good
for corn, but as the supply is fully equal to
the demand there is no special activity in it.
Hay-As Spring approaches the demand for
mixed hay grows less and less This grade of
hay is used largely for COW feed in the cities
and there is not much sale for it except in the
winter. Timothy hay is always wanted and
q p rime article will find ready sale at top
prices any time. Glover hay is neglected un-
less of very superior quality. Two large
crops of hay are being hauled to Staunton
this week and look to be of desirable kind
one lot of about 80 tons belonging to VIM.
H. Bailey, and the other raised by Powers &
Fishburn on the R. w. Burke farm.
LIVE STOCK MARKET.
Contrary to general expectation, cattle have
not only not gone up but have suddenly and
rather unexpectedly come down. Shippers
have caught 1t quite badly. We hear of one
large buyer who has been shipping extensive
ly lately and is selling in Baltimore at less
money than he paid for the same cattle in
Augusta. One of the main causes of the de-
cline is the scarcity of feed in the West
which has compelled many farmers to market
their cattle.
There is some enquiry for horses, though
in Harrisonburg last Monday there was not
much done. We hope next Monday will show
an improvement in the Staunton market
There was considerable activity last court
day.
The New York merchants have called
meeting to consider railroad OPP ression that
| the people of the Valley of Virginia have long
felt, only in a different shape. 1t appears
that the trunk lines of road to the West, by
arrangements with the ocean steamships, have
been giving through bills of lading to Europe
at such a low rate of freight, that Minneapolis
-four can be bought cheaper in LSDerpo0l than
1t can be in Neao York city! This is in conse-
quence of the fact that the rate on -four from
Minneapolis to New York is higher thar the
rate to Liverpool. Congress is to be petitioned
to pass a special law to prevent American
railroads being thus run in the interest of
European consumers and against American
consumers The arrangement complained of
has paralyzed New York as flour market and
warehouses in which millions are invested are
empty, while laborers and longshoremen are
idle. At the Produce Exchange, seats that
once brought $4,000 now bring but 81. 900.
This Exchange has appointed committee to
bring the matter before the Inter-States Com
mission.
According to the american Wool Re.
porter" the most important event in the wool
trade next week will be a meeting of wool
and worsted manufacturers and commissi,
men at New York city. A permanent organize
ton is to be effected and an iron-clad com.
pact entered into whereby members will
pledge themselves not to sell goods except
upon sixty days settlement by note or for
cash.
"Bradstreets" report for the week ending
last Saturday shows no unfayorable features
in general trade. The money markets of the
country are relatively easy. There is less
tendency of money to move towards New
York, but the rates are low and bank deposits
are not decreasing. Mercantile collections
are fairly satisfactory except at Galveston,
Louisville, and two or three Western cities
where droughts and the severe weather have
checked remittances. In the New York
market the slow revival of business in refined
sugar has made refners slow buyers of raw
sugars. Coffee is tending downward with a
light speculative demand. In a few lines of
trade in the Northern cities there has been an
increase. Orders for spring dry goods are
being placed more freely at Eastern cities
Cottons are strong as ever and some mills are
behind on contracts, Prices of popular
brands are advancing.
The circular of r. G.. Dunn & Co of New
York, of last Saturday, says: 'It cannot be
said that business has changed for better or
worse during the past week. Cases of real
dulness and depression in markets become
clearly visible, the prolonged strikes and re-
action from last years -hopefulness being
promised. The markets continue unusually
stagnant and prices vary but little on the
whole. The average prices of stocks has not
changed half of one per cent. since the year
opened. The general average of commodities
is less than an eighth of one per cent. lower
than January 1 or higher than February l.,
the natural advance of the season in some
products being balanced by lower prices in
most of the commercial staples.
Business failures during the last seven days
number, for the United States, 1856; Canada,