Staunton spectator. [volume] (Staunton, Va.) 1849-1896, 1889-10-02
StauntOn Markets.
spectators OFrICr,

| STAUNToN. VA, October lst 1879.
Under the Influences Of stronger markets foi
| wheat, onr owu Is frmer. and justifes slight,
higher quotations. The offerings ae ltbes
and he quality improving ron the effects o
dampness.
There is great diversity Of opinion as to the
worlds supply OF wheat, but all the reviewer
are of opinion thSA there will be no surplus
| alter the demand for brssdstufs IA supplied.
one an English authority. makes deficiency
OF 6O1,ecc bushels as he puts TIE aggregate
surplus OF all countries at 24i coo COZ, and the
necessities Of the importing Countries at 80.
| 100000 bushels. In this connection. aud II
continuation of the views frequently reiterat-
sd, that the last half OF our selling ssason
would Do better than she first as to prices, We
J1oie from he Prai lie (Chicago) FI.gmer Of TIRE
- n al 5 p'eruber.
Ths h1'tom seems to htvs heen rean,el
shHTt - g-tti's Il meI. An-n IN" bulk
a gain on, ,i ths f.rrner.' hands the N ice vi
= ar. az d vet IL y" and NJ | u,t-Iir
heat wa est h ing dollar PEE bush.
low s"on Wi r'op byd pm" "r'n No N
'era'ive nec'ts - ~ a Moth Is ~ ftm-i
% ~e'' ihis " oe- y, 'v-r nv se area
TIE sPSihe y hea rrzrv .. Is at"
Aulh ~ tne p~,ng wheat vi g for ward
neeti'g the dem nj for br a. ST. ifs In th
shane O. flnur.
In vi Wig the s. tua.ion as tile VI ts--yheat
ia to play part We tontiI u. g., c5muie facts "a
the interior western milling interests will af
feet the market. The extract now made from
the Chicago crop correspondent of the Ney
York Journal Of Commerce, of the 25th of sep.
should be read il connection with the compli-
atoms which have appeared In our comments
during several weeks past. It is as follows
There does not seem to be any excess Of
good winter wheat, and as the season advances
the fact becomes more and more clear that a
much larger proportion OF this winter wheat
was damaged at harvest by rains than was
then thought. Texas is now sending orders
daily to Kansas for wheat, and the large win
ter wheat mills of Tennessee ara looking TO
the north for good milling wheat This situa-
ton shows how thoroughly the reserves of
former years have been cleaned up. and for the
next eight or ten months the country must
rely wholly upon the present crop for home
wants and for export.
We could furnish additional facts showing
how well cleaned up are all the reserves OF
breadstuf on the American continent, where
the present crop must furnish all for home
consumption as wall as for export. AS the ex
port price is to govern values, it is to be hoped
free delivery on the Atlantic seaboard for
that purpose will not be in the least hindered
and again to our loss By affording time to the
large Russia reserves to come In and fill the
demand which otherwise would be made uroc
the American surplus. o. this point we re
produce ex rae, fron recent c,mmuncA
tibD OF III U ! Consul GEL eral, Mr.. Way, II.
-. Petersburg Amos every season imneDe,
asstk have ofturItu 10 IN American Wteat
gro vers In JIs-qu'ncs of curuefs made IL
wheat at Chicago and New Y -ra.
Mr.. Way say:
THE wheat grower OF Kansas and Dakota
viii see ut glance The area of that fertile ter
ritOry which, with tins cheap labor of Russia
will al ays prove to he a formidable rival:
who imagine by cOrnering wheat that they will
control the markets of the world can a way
lake INTO then calcu atious the product OF this
country as an etfsctuSi check TO tnfIr opera
lions Every corner engineered in the Uuited
states makes a opportunity for Russia. MOI
one dollar is added To the import of wealth liz
America. but exports from our country bel ug
estopped, Russia steps In and gets rid OF her
surplus at remunerative prices, but stin far
Chicago and New York. As long as Russis
exists any attempt 10 force the western nations
of Europe to pay artificial prices for American
grain can but result in absolute failure Per-
haps if III = fact were known corners would
become rare and inirequent.
Ia Wholesale grocery lines, we quote sugars
lower.
IN country trade. butter AMI eggs ami Irish
potatoes are quoted higher.
The quotations Grs 5oastssass not .eSdfZ
Country Produce.