Staunton vindicator. [volume] (Staunton, Va.) 1860-1896, 1889-01-25
MAEs IL ETS.
VINDIoAToR OFFICE,

W. N E6 IA II Il 81
V1NDIoAToR OFFICE,
STAUNToN. VA, January Oath. !
The state of the wheat market is not en-
couraging to farmers, dealers, millers or specu-
lators who have that article on hand unsold.
After few hopeful days in which there ap-
peared some indications of better prices to
come, the week under review closes with the
markets of the country all heavy, dull, and
declining. There was notable break in Chi
cago on Wednesday, and pandemonium is
said to have reigned in the wheat pit among
the "Bears and Bulls of that city of specula-
tons; the result being a sharp drop in values.
Our local market in Staunton holds up yet to
one dollar, but this is more than could be re-
allied if shipped by our farmers to any other
market. and is brought about by the system
of bidding against each other, kept up by our
merchants and millers, and because of the ex-
ceptionally fine quality of our Valley grown
wheat. Quite large quantity of wheat is 60
ing into market this week. We notice cars
loading at Mint Spring with the crops of
J. N. Mcfarland and Jno. Towberman; at
Greenville, by J. S. Hawpe; Swoope depot by
Fl. L. Wilson, and at Staunton by L. D. My
erleY.
Flour is quoted as dull and hard to sell. We
understand the mill at Waynesboro has shut
down temporarily until tAs surplus stock on
hand is reduced. A number of mills in the
Northwest closed down last month, the reason
given for SO doing, being that they could not
proftably grind wheat at the present prices of
wheat and the low prices of -four.
Hay is inactive, with tendency to lower
prices. Mr. Samuel Life, one of the largest
hay raisers in the county, is hauling his crop
to Fishersville, where he has loaded a half
dozen cars this week to go East
There has been quite sharp advance in
eloverseed. The best price we have heard of,
was obtained by Mr.. John Thompson of
Swoope's depot. He sold to Staunton dealer
at $3.50. Quality was gilt edge-pure, pretty,
and plump.
The Review of Trade for the week ending
last Saturday, by R. G. Dun & Co. of New
York, says: ''The wheat speculation has
Atlantic ports for six weeks past having been
phenomenally small. In the light of official
reports, it is estimated that the surplus for
export during the remaining half of the crop
year must have been about "A, 600, 900 bushels
January LIST, of which only about 10000, 900
bushels were on the Pacific Coast from which
exports have been 5000, 900 bushels larger
than last year to date. Wheat fell 24 cents,
corn ! cent, and oats cent during the week;
pork declined rs cents per barrel, and lard
81 cents per 100 lbs. The butter market was
demoralized and cents lower; eggs fell two
cents, and leather has slightly declined. On
the other hand coffee and cotton are each l
cent stronger, with moderate sales. But the
general average of prices tends downward,
the fall January LIST having been over 1
per cent, mainly in the articles above speci-
fed"
The weekly financial circular of Henry
Clews q Co. of New York, noticing that an
other large increase So, 404, OO0-in the sur
plus reserve was reported in the Bank state
ment of last week, says the interior movement
of money is still largely in favor of the New
York banks.
The Cincinnati Price Current says of the
wheat market, that "the present statistical
position of wheat throughout the country is
very bullish, and even if we do not have an
export demand for some time, we look for an
advance in prices"
The Mark Lane Express, in its weekly re-
view of the British grain trade, says: Sound
wheats maintained their values. The large
proportion of inferior grades Offered, gives the
market the appearance of greater depression
than usually exists. The sales of English
wheat during the past week were g. $50 quar-
ters, at 80 shillings pence per quarter,
against g. 500 quarters, at 80 shillings II
pence, for the corresponding week last year.
Flour was dull, the fall of 1 franc for French
flour depressing the British market Foreign
wheat was weak. Corn was improved IN tone,
though there is large American surplus. At
to-day's market English wheat sold slowly at
decline of pence except for the finer
kinds. Indian and, Russian were steady. Am
erican was weaker Corn was firm, especially
round. Barley was steady. Egyptian beans
were shilling lower.
GRAIN MARKETS..
RICHMOND, Jan. 23.-Wheat-Sales of 5000 BUSH
els-Longberry, sl.o9; Shortberry &l.O6; common,
Csc. Corn-White, 45a4sc.
CHICAGO, Jan. 23.-Pandemonium reigned
In the wheat pit at the opening of the Board this
morning. Wheat for May delivery which closed
at 99Sc. yesterday, sold down to 9S1sc this morning
in five minutes after the opening of the Boa I'd It
went down as low as $3.50. but rallied and closed
at $3.50. The closing quotations for wheat are
May delivery, $685.. July delivery. S9ssc. Corn
March delivery, $780,; May 3eAc. Oats-May,
27sac: Probationary delivery, sl1,9 May.$1237.
BALTIMORE. January 23.-Four dull; prices in
buyers favor. Wheat-Southern. quiet and easier,
Fultz and Longberry, 99c asl O6; No. 2 southern.
slasl.Oli Western steady and at decline; NO.
winter red, spot, and January, 9l]]aca9lslc Corn
Southern scarce and firm; white, 4Oaa4c.; yellow
40a43c.
LIVE STOCK MARKETS.
RICHMOND LIVE STooK MARKET, Jan. 81 RE
ceipts-44 head cattle; $50 head hogs. Sales-33i
head cattle; e17head hogs. Priees-Cattle Best
4a41ac.. gross medium to good 314a3a4c, gross;
common to fair, 2a3c., gross. Sheep, 4a5c, gross
Hogs, 614a714c. net. Bulls, Ease, gross
BALTIMORE HOG MARKET, Jan. sl.-There is