Staunton spectator. [volume] (Staunton, Va.) 1849-1896, 1889-09-18
SPECTATOR OFFICE,
CIR ,rraN Va Ganfapoha,- IT 100


| tos will be content to take their chances upon
| grounds thus established. the question asked,
which, at best,is involved in no little perplex-
| ity,-wiIl be the earlier answered. Ifthey de-
part from the moral standard in trade, fuctua.
ting prices will come to worry and derange the
| situation, making the time when to sell and
when to hold period of wild confusion, lead
ing on to disaster, which will certainly follow
In every instance, such tamperings in trade
infiict harm upon thousands of producers
where a solitary one reaps an accidental ad-
vantage. and. in like manner, the disturbance
works hurtful results to legitimate buyers.
The question of the breadstuffs' supply and
demand is one that annually increases in in.
terest, and engages in It's discussion many
leading minds of all countries A partial study
OF the conclusions to which they respectively
arrive requires more time, even II the oppor-
tunity existed than one in thousand persons
interested can bestow upon IL, and 1t Is to the
interest of all who can appropriate an hour or
so during the week to their conclusions to note
them for what they are worth.
Coming back to the question. when will
the price of wheat advance?" An examination
as to the conclusion of the leading minds In
vesttgating it, shows that 1t is, as has already
been stated. one OF as deep concern all over the
wheat-growiug countries of the world as it
daily proves TO be to the Augusta producer, as
his enquiries are daily made of those to whom
he offers the surplus OF his anxious toll and
watchfulness through the seasons of its growth
and maturity. We could reproduce from other
standard authorities in addition to those we
quoted from last week and often previously
since the time OF considering the marketing of
the wheat crop of 1889 arrived. but we do not
perceive that additional light from Them
though the best OF sources, would be thrown on
the situation. We will therefore only condense
and repeat from these latest reviewers substan-
TALLY what was given in the fuller quotations
previously made. The conclusion OF one such
Is as follows after the whole field had been
surveyed
There Is, however. no good reason for any
particular advance at this juncture. The rea-
sons previously noted for anticipating a fair
Improvement later have not been set aside"
This conclusion, of course. embraces the con-
slderation of the foreign demand. At this
point we are met by the difficulty, in respond
ing TO the foreign demand, which grows out of
our reed of larger reciprocal foreign trade The
largest and hest bread stuff producing country
OF the orld is the United States, That fact is
viewed on one hand. Now view our situation
on the other. This great country is abont the
least in point ofts own facilities for placing its
surplus products upon the foreign fields of de-
mand. Were the situation otherwise. then the
question, "When will the price of wheat ad-
vance?" could be more readily answered The
Valley producer as his interests are involved,
whether II be in surplus of fifty bushels or
five thousand. is affected in the same manner
and to degree as vital to him as to the owner
ofthousands of prairie lands of the west with
his tens OF Thousands of bushels of surplus
Coming as far we can to the time OF q pre-.
bable advance of valued consideration it ia
proper to say that the western deliveries for
export will exercise a controlling infiuence.
From present appearances, much of the sur
plus there will be sent forward rapidly to the
Atlantic coast, and then, If unwarran ted spec.
ulation will keep Its hands off the time will be
approaching; but it would be more perosptible
If our country had large merchant marine of
Its own. Touching available quantity or
breadstuffs for export the Bankers Magazine,
in It's September number, reviewing finance
and business. speaks very hopefully OF the last
half of our selling season and remarks: SHOULD
prices advance, however, as the crop goes into |
consumption, which is likely from the unus-
uaily low level Of values ct which we begin the |
year. profit no doubt would be secured by the
farmer for the last half of his crops. which
would enable him to liquidate his obligations
far more fully than for the part seven years"
The interior country millers of the west have |
been battling with more or less trouble in
keeping up full stocks of wheat for grinding |
continuously since the failure of the corn crop |
there in 1851 the effect of which on the wheat |
supply was then often presented in the SPEC
TAToR's market comments. Scarcity is said |
still to exist, and the demand to bring up their |
supplies to a normal condition will continue |
n q N N IN Ri m to
limited extent than 1t did last year at this
date, when wheat was selling in Staunton at
from 80 to 81 cts. The ruling prices here one |
year ago drew the main influences controlling |
them from the situation in the west adverted |
to. AS remarked, the country millers in sev-
eral of the winter wheat States there are not |
out of the woods yet to the degree they would
like to fill up their gamers and elevators.
There has been some fluctuatton in the larg-
er markets of the country during the past |
week, without materially altering quotations |
at its close from the previous week. We can |
safely note slight advance in our own mar
ket, provided the grain is dry and clean and in |
good grinding order at the time offered. 1t is |
difficult to sell damp wheat and its value Is |
unsettled and therefore not quoted.
1t is interesting occasionally to note the di. |
versity and interests OF our trade and the pro. |
tail department. This city has a rich interior |
country to sustain it, Astounding in diversified |
productions. one of which-fruit-will contri- |
butte this year to home-economy as we'll as to |
export values worthy of note, and in the win |
ter and spring trade be alike advan tageous to |
producers and consumers. The demand for |
and the sales OF glass fruI-jars and the cheaper
ware. because of its size-the earthen Jars fam. |
tliarly known as "crocks"-have been unpre |
cedented, by Wholesale and retail in the city |
this season. We cannot well estimate the ex- |
tent OF the demand which has existed for the |
latter. because 1t could not be supplied The |
demand was for its use as storage vessels for
cooked fruits. OF the glass fruit-jals, we have
been informed, that previously about one hun |
dred gross filed the demand. This year it has |
been six hundred gross a. least and the demand
still existing and dealers still ordering from
the ia tories. The apple crop Is good, and
many farmers sell them at SO much per barrel, |
the purchaser picking and packing. Sales
have been made at seventy five cts per barrel
which is twenty-five cts per bushel for apples
on the trees. In some Instances, for choice and
select apples higher prices will be realized
In wholesale. grocery lines we note a small
advance in Western bacon sides, and slight
reduction IN salt.
Butter and eggs have advanced during the
past week. We quote both higher and in de.
mand.
The quotations Grs wholesale. not r etail,1
Country Produce.
BACON-country cured
nalus.;... k13c
Shoulders .Sc
BEES 0920c
Dofrhh'...''.'.