Staunton vindicator. [volume] (Staunton, Va.) 1860-1896, 1889-12-06
MAR KETS.


STAUNTON, VA, Dec. 5.
1t has been week of abundant leisure with
Staunton grain dealers. Richmond millers
afraid to ship flour to Brazil in the present
nervous condition of the new Republic, and as
consequence of their inaction Staunton ship
pers are without their principal outlet. The
feeling is weak all around with a decided ten
dency to do nothing, and it is quite likely this
feeling will hold on until after the HOLIDAYS.
Hay is unchanged with, perhaps, better
tone, but no quotable change in values.
The cause of the low price of beef cattle was
given-or rather his theory of it-before the
Senate Committee at Washington on Saturday,
by Phil Armour, the great Chicago beef and
pork packer. He said that ''the depression in
prices and the present state of the cattle mar
kets are due to over-production, especially on
CRASHED cattle, and the marketing of imma-
ture animals which are too thin for the block.
This has affected all corn-fed and native
cattle except the choicest, and enforced the
competition of the farmers raising cattle on
the higherspriced and highly improved farms
of Illinois, Iowa, Missouri, Kansas and Neb-
braska with the ranchers of the West and
Southwest, who herd thousands of inferior
cattle upon the public lands OF lands of little
value, The gradual absorption of ranges by
actual settlers and Over-production of range
cattle have greatly overcrowded the remaining
range country, and consequently lessened the
quantity of grass and impaired the nutritive
quality. AS natural result the CRASHED
range cattle have deteriorated in weight and
value, and southwestern steers now coming
weigh from 10 to 20 per cent. less than steers
of similar character did six years ago." He
said that the changed condition of the cattle
had necessitated and compelled the establish
ing of centralized markets as they are called
without which large raisers could not dispose
of the cattle, nor could the export trade in
dressed, salted OF preserved meats be carried
on. He charged that such markets are the
effect of the condition of cattle growing and
marketing and no other cause
Dunn & Co. of New York in their marketre-
view for last week, say Speculative mar
kets have been very active, With sales of
90, 900, 900 bushels here, wheat has declined
nearly a cent, and corn about half cent
with sales of 100000 bushels
LIVE STOCK MARKETS.
BALTIMORE CATTLE MARKET, Nov. 2S.-Price
of Beef Cattle this week ranged as follows:
$4.25 a 4 373
Generally rated first quality. 400 a 1926
Medium or good fair quality. $50 a 400
Ordinary thin Steers Oxen and
2OO q 5qO
The market this week was fairly active, and
PRICES &c higher than last week for tops, and SO
on through the other grades; The quality of the
offerings was of a better average than those of
last week.
BALTIMORE, Dec. 2.-Trade in hogs only fair,
with decline of nc per pound since Monday
We quote the range as follows Rough hogs at
415a434c, and the better grades at 5a512c per ID
net. Receipts of hogs this week S,l42 head.
BALTIMORE, Dec. 2.-Receipts of Sheep 1,972
head, with sales at $3.OOas5.OO per 100 lbs, and
Lambs 4a534c per lb. Q-.ota tians gross.
RICHMoSD, Dec: 2-=Receipts 1862 head of cat
tie, AL sheep, 40 hogs. Sales 362 head of cattle
All sheep, 440 hogs. Prices- All gross except hogs
which are netl Cattle-Best, 4aiAc, medium to
good, 3Aa5a4c, common to fair, 11aa3c. Sheep
3a414c. Hogs-5Ha512c net. Bulls-112a21Ic.
GRAIN MARKETS.
RICHMOND, Dec. 4.-Wheat-Longberry prime
$780, good soc; common, 70a.
BALrIMoRE, Dec. I-Wheat-=Southern nomis
nal for Eultz and Longberry. Western steady.
No. Winter red, spot, 1870,
CHICAGO, Dee t=Wheat-Docember delivery,
1896; January, S0c May, Sic.
STANTON PRICE CURRENT.