Staunton spectator. [volume] (Staunton, Va.) 1849-1896, 1891-11-18
Wheat, Corr, aud Provisions.

We copy, fer the Information Of our
arniers and millers, tho commercial review |
IF Henry Glews s. Co., dated November
18th, in reference to wheat, corn and provi-
sion as foliows:--
WHEAT.-Daring tho week past the mar
ket has been quite sensitive to news favor
ing either side, and no settled tone can be
ascribed 70 1t. The trade appear 10 be
rather on the fence as to sentiment, and
nervous ard uncertain IL, their transactions,
with general opinion osoillating, althor eb
the be ITS find considerable consolation in
the receipts of wheat at the West, which
continue heavy, The principal factor dur
ing tho week has been the reported action
by Russia, which is the total prohibition of
all exports of wheat, to take effect inane
diately. This is not official, however, and
may ba another sfake." At auy rate the
market did not improve owing to il, and in
fact foil off some, for belief seems to be
gaining ground here that the situation
abroad is not nearly IS bad es it has been
painted. The report above nleItianed was
also accompanied by one giving supposed
ly the Official figures on the actual yields of
the different crops in that oouutry and this
SECGo A.iS ii VI bBG 1lC!uS 81 tEE .uSEGHt
cere3! crops is but 200 million bushels less
than it was last yesr--ios nearly as bad as
Americans have been led to believe all
along. Among these figures the rye crop
is given as $40 million bushels against 612
millions last year, Or shortage of 90 mil
lion bushels; whereas reports for months
past have been to the effect that the crop
would not be over 80 to 60 per cent. of an
average enc. The shortage in wheat is
placed at % million bushels. Now Russia
exports from 70 to 80 million bushels of
wheat every year, and according to these
estimates of yield there would hardly seem
to be occasion for the total prohibition of
exports; and if the figures are true, the re.
port cannot certainly ba construed as any
thing elss bat bearish. Other foreign news
has been principally OF strong msrkets
early iu the week, Nth good demand for
cargoes and an easing off in prices later,
with the financial troubles in Germany.
Foreign houses are doing little speculative
ly, but are active in the cash markets, max
ing liberal engagements for export, al
though clearaEees at the moment are not
very heavy, as large portion of the pur-
ohases are for future shipment. At Balti
more the exports of grain this winter are
expected to exceed the largest of any pre-
vious season in the history of the port,
judging from actual engagements fer JAM
uary and February. Eerna news is princ-
pally in connection with soather conditions
in the West, and tho Eli ;isi bullstins ara
watched closely each day. During the
first three days of the week there was a
continuation of the fne rains which started
last week, and these were 50 beneficial as to
almost do away with the fears of damage
from drought; but with the passing eff of
the rain much reduced temperature fol
loved, and now there is renewed apprahen-
sion Of serious detrinsnt from cold wealth.
Ell, coming as it does Immediately after a
period Of moisture. Thers is one other
important festurs here. and that is the
enormous output of -four. At Ii inneapolis
the output for the last week in October WAS
POS, $50 barrels, which is said TO be 3,210
barrels larger than the previous best re
cord. Should the Russian reports BE- true
there seems nothing at the moment to
cause much of an advance in pricss, unless
it should be further unfavorable reports
from our growing crop, and it is somewhat
premature co even consider that DoW.
CoRN.--The Government crop report
seems TO have taken the vim out Of the corn
market, as it has resulted in considerable
sSiiloS ~ ioIg lOiuSIH, WIZ HaHo H6f61c-
fore been sangnine bulls. 1t states that the
present crop will be one of the largest ever
made, the yield Per acre averaging 26 bush
ela, indicating crop of at least two billion
bushels, against ]. 400, coo, 600 bushels last
year. Tbs market early in thu week was
strong, on higher foreign prioss, a go3d ex-
port demand, and The prospees Of a delayed
country movement ia consequence of the
storms; but the tone was quickly changed
by clearing weather, together with the crop
report. 1t would seem tha5 the present
time is hardly an oppoitune one TO bal
corr. for although STOCKS of old cora ala
very light ard the export demarid good, it
will only bs>s matter Of a couple of weeks
when new corn will be coming forward in
sufficient volume to do away with any fears
of an insufficient supply. Grading will in
all probability soon be up to the standard
It is improving cow.
Provisions present 60 new features.
Receipts of live hogs are 50 heavy as to
practically diEsipate any marked bullish
sentiment, and it seems useless to expect q
permanent improvement until they de-
crease.