Staunton spectator. [volume] (Staunton, Va.) 1849-1896, 1889-05-01
&taunton Markets.


STAUNToN. VA, April 30th. 1889.
In the review OF the markets last week, we
made fuli comments on sugar, noting the
causes for the progressive advance in prices,
which had continued for several weeks. Our
quotations are advanced again this week for
every grade of sugar listed in the price eur
rent. and from the same causes. 1t is stated
The short crop In Cuba is made to play Its full
part In that particular. but the trusts and
monopolles have more 10 do, In every Just esti-
mate OF the situation. In making the advance
greater than 1t should be The commercial
journals are furnished with the weekly and
specific amount of raw sugars available for the
| Redners. but the public is deprived of an
equally explicit statement OF the amount of
refined on hand.
Our retail dealers aud consumers will bear in
| mind that our wholesale dealers are not par
| ties to, AMI know as little OF the workings Of
the trusts anu monopolies who manipulate
prices, as they do.
The foreign demand materially controls the
price of wheat in the United States at least
such has always been the theory taught till g
year or so past,w speculation changed such
a reality In the principal western markets. II
we LOOK axain across the Atlantic u tage a
reckoning, we see but little to help in i,s Of
fscts upon our local situation as to prices for
the demand of our crop Of 1883
British agriculture and wheat-production At
g low eob. India. the United States. and every
other wheat exporting country. except Russia,
contri buting less than usual to the wants OF
the United Kingdom which is weekly short in
receipts of reported average actual necessity,
and yet the prices remain low and demand
poor for wheat and -four. We cannot see how
| 1t has been possible for Russian wheat and the
substitutes for wheat bread stuff to make up
| the deficiency.
When an authority so thoroughly compet-
eut to express views upon the points to which
| We have adverted al the London correspond
| ent of Rradstreets disposes of the question in
the following languag g. our Augusta and VAL
| ley wheat.growers need no apology from q
local reviewer of the situation when, the mat.
ter is similarly disposed Of Here ia q QUOTA
| ton from Bradstreet s correspondent of Apri
10th, touching the bread-supply for the United
Kingdom
1.-THE quantities of wheat and -four on pass
age to the United Kingdom are about $50 900
quarters less than they were o year ago. and
our expectations OF future supplies up to har
vest are certainly much smaller than usual
whether we look to the United States or to
| india while from Australia no wheat worth
| mentioning, and from the Argentine Republic
very iittle can come this season. Russia alone
| is likely to continue sending us increased sup
plies fanny great consequence. However. 1t is
Useless to talk about the statistical position of
| the wheat supply, as no buyer appears to pay
| any attention to 1t aud one Is led by the pres
| ent attitude of the trade 10 suppose that we
shall go on drawing upon the reserve stocks OF
| wheat up to the narrowest limit without caus-
| ing an advance of price as long as the actual
pinch of sarcity is not felt.'
That is just the way 1t has been in That eouu.
try for some time and viii continue to be. The
price will not be raised as long is there is dus,
OF -four in the barrel
Taking the above for all 1t is worth. and add.
Ing the Information elsewhere furnished OF the
prospects OF the growing crop of wheat In oul
own country, 1t Is fair to conclude that the
remnant of wheat in farmers bands will no,
rule much, If any. higher.
Other than sugar, which 10 higher, and vhsa,