Staunton spectator. [volume] (Staunton, Va.) 1849-1896, 1891-10-21
DEMOCRATIC TICKET
FOR THE HOUSE OF DELEGATES.
G. W. KOINER,
H. J. WILLIAMS.
WHEAT, COIN, AND PROVISIONS


II. J. WILLIAMS.
WHEAT, COIN, AND PROVISIONS.
1t seems now from recent reports that
the wheat crop in this country is greater
even than has been heretofore estimated as
great as that was. 1t now promises to be
100000 600 bushels more than it was last
year, and rs, 600, 900 bushels more than the
largest crop ever harvested. On the con-
trary the latest reports from Europe are
not 80 unfavorable as had been reported
In consequence of these facts the price Of
wheat will not be as high as many suppos-
ed, and the Bulls in the specializing mark
ct will be apt to be impaled on their own
horns. From the commercial circular OF
Henry Clews & Co., of Oct. 18th, we quote
the following
"The farmer Is entitled to fair price for
his grain and will undoubtedly get it, but
the talk of holding back grain for the pur-
pose of manipulating prices, which it is said
the Farmers Alliance is counseliDg, appears
to be most unwise, and it is to be hoped
that such bad advice will be disregarded.-
In this connection it is also worth noting
that the advises from the other side con-
corning the crops there present somewhat
more favorable aspect. For instance, the
French crop is now estimated at $4,000, 900
hectolitres, against low estimate of 81,
600, 900 made short time ago. German
advices are more favorable, and it is now
thought the damage to crops has been ex-
aggerated; and Italian crops are believed to
be fairly satisfactory. Austria. Hungary
cables report weather fine, and say that
late crops have done well, while the advices
from Bulgaria state that the cereal yields
are excellent, with the exception of maize,
and that the wheat crop will be fully 5000,
600 bushels larger than last year. The re-
ports from Great Britain are somewhat less
favorable than those received month ago.
The worst accounts, however, come from
Russia, where there is undoubtedly cause
for great alarm. 1t is stated that $4,000,
600 people will be unable to pay their taxes
this year. and that the harvest has failed
completely in thirteen governments and
partially in eight others. In view of the
fact that so much has been said about fam
inc on the other side, it is interesting for
the sake OF comparison to place the latest
estimates of the worlds wheat crop along.
side of last years figures, which are 1890,
100000 bushels this year against 2, 234, 600,
900 bushels in 1890. The rye crop will
probably fall short of an average by 260, 900
600 bushels, but the oat and corn crops on
the other hand, are several hundred million
more. The above figures certainly do not
indicate famine prices from actual necessi.
ty,and Europe who is in a position to judge
of the actual state of affairs, evidently does
not believe in them either, as is evidenced
by the free selling by Continental houses
here during the week and the reselling OF
some cargoes that had been engaged for
export. There has bean little news of i'm.
portance during the week, excepting the
renewed reports that Germany would re-
duce the import duties on grain and story
that Russia had prohibited the expectation
of corn. The former item had considerable
to do in keeping prices fairly steady in the
face of the increased crop estimates but the
market throughout presented rather un-
easy feeling. Receipts of spring wheat
have improved owing to better weather in
the Northwest, and recent rains in the
winter wheat region have favored seeding,
and at the moment the outlook for next
year is promising. The Cincinnati Price
Current says the general position has i'm
proved, and that the European bread grain
shortage is practically limited to the rye
deficiency. which conforms with the fig.
ures given herein. The visible supply in
creased 1902, 1926 bushels, and clearances
show falling off from last week. For the
Immediate future, the certainty OF an ex
traordinary large crop on this side il likely
to outweigh all other influences, and conse-
quently will have tendency to depress
prices.
CORN.
The corn market has had periods of &C.
tivity and strength, but prices seem to be
settling toward a lower basis. The Gov.
eminent report proved very favorable, the
condition being placed at 925 against 81.
1 last month, and the yield at 26.5 bush
els per acre. AS the acreage is 1880
600, this would indicate crop of 1905
$780, bushels, although like wheat this
j. probably low estimate. A good de-
mand for cash corn and light receipts caus-
ed STRENGTH early in the week, but talk o
an early movement of new corn and fall
ing off in the export demand started selling
end prices receded rapidly. 1t is reported
that the Russian Government is purchas
ing corn for the relief of the peasants il
the stricken districts, and that Germany il
beginning to look favorably upon the u.s.
of corn by the people instead of rye.
PROVISIONS.
The liquidation in provisions has agail
been on an enormous scale and has simpl
carried everything before it, the declin
being accelerated by a large number 0
stop orders which were reached on the wa,
down. The decline has been mostly in tn
old pork options, owing to the large stock
on hand which are not good delivery be
yond the December option, 1t being claim
ed that these old stocks will have to even
tually be cut up into short ribs. If th
should be the case, prices would have t
come down to parity with short rib
Prices rallied some from the bottom figure
on the covering of shorts, but for the rei
cons stated thejre is a feeling of insecurit
in the near options which makes any yer
pronounced advance in them seem improl
able"
REPUBLICAN TICKET IN ROCKINGHAM.
At the Republican Convention held i
HarrisonbuIg last Saturday the followin
ticket for the Senate and House of Dell
gates was nominated:
For the Senate, John s. Funk; For Il