Staunton spectator. [volume] (Staunton, Va.) 1849-1896, 1889-03-27
stanton Markets.
SPECTATOR OFFICE,
STAUNToN. VA, Mar. 26th, 1888


Business during the past week has been
moderately active. The offerings of wheat
about the same as the previous week, the
market indicating firmness at former quota
lions which we dc not change.
As bearing in the future upon our own
market. we continue to express the view that
Notwithstanding the slow export demand Tor
the United Kingd m, there will practically be
no retrograde movement In prices here. The
llveliest export demand has been in Portugal,
which may continue to Increase.
At almost every wheat-grinding point in
the United State the stocks on hand a re re.
ported light. The Baltimore Journal of Com
n,erce notes the fact that the mills on the
Eastern shore of Maryland. one of the finest
wheat localities in the world, are short in
stocks. The same authority states that there
is no wheat available to meet such demands
in the Valley of Virginia beyond Winchester
or in western Maryland. and comparatively
little In Southern Pennsylvania. and none in
the tidewater districts of Maryland and Viz
ginia.
The economists figuring on the general situ-
ton make the stocks on hand in this country
now about forty million bushels less II an
they were one year ago. 1t will also be re-
membered that that Is about the estimate OF
the shortage of the last crop of winter wheat.
Touching the yield in the wheat-growing
countries where harvest occurs 10 the winter.
we copied some weeks since RrGdstreet's &C.
counts from Australia showing large falling
IF in yield there as compared with that of one
year ago. That authority of the 23rd instant
re -iterates In the main that fact confirmed by
later reports. The amount for export will be
less than 5000 900 bushels against l25OO,00 last
season. Continuing, it says three vessels have
been chartered al San Francisco to load 5000
tons for Sydney, besides, the mail steamer
sailing. from the same port, April 7th, will
carry $50 tons, making the total 10000 bushels
in sight fer Australia from our Pacific coast.
Transactions here in clover-seed are about
ended for the season. Tho trade has been
very full and satisfactory.
Sugar has long since practically ceased TO be
q luxury. 1t is now a necessity. 1t would
perhaps astonish the casual observer to note
the large amount of sales Of sugar and coffee
by wholesale houses of Staunton alone TO the
interior trade. For three weeks past. we have
"a reg RI ,rly noted in our price current and
comments a steady advance. and during the
past week it has bounded up, and to-day the
entire classiications In grades are quoted sew
eral points higher than previously.
The total stock OF raw sugars in the ports o.
New York Boston, and Philadelphia la now
about 49. 16i tons against ,2IS tons year ago
and I09. 5iI tons two years ago. the stocks OF
refined havedimiutshed, unsettling prices. and
| holders indisposed to take orders except upon
an advancing scale.
A large number of vessels ladened with raw
sugars were driven back by storms along the
coast, some OF them being over due from two
| to three weeks, thus cutting OFF the supply fol
! the rehners Attention is directed again. In
this connection, to the price curren {.
Molasses and syrups and Western bacon arr
also advanced in quotations. This is not &
very coed time for wholesale merchants wht
have travelling agents OF in the interior on
| of reach of telegraph wires and quick mai
communication, selling sugar and bacon OF
| the quotations of few days ago.
Tue market in small country supplies keep
up well. Butter is little scarce, but eggs art
in excess of demand and lower. Chickens. nov
the only class of poultry sought for. are high
| er. live selling for Sto9 cents per pound.
Tine quotact0ls are WhoLesGte. flot retail
Produce.