Staunton spectator. [volume] (Staunton, Va.) 1849-1896, 1891-10-14
dence to the national democracy in the strug


gence of the people of the State, the result
cannot be doubted.
HILL INTRODUCED BY CLEVELAND.
When Mr.. Cleveland gracefully but brief
" introduced Gov Hill, the great audience
again grew enthusiastic as tho two men
stood smiling aud grasping each others
hands. Gov. Hills speech was very long,
and was evidently prepared for use as
campaign text. book. It bristled with tell
ing points on the tariff and other national
issues, while on State and local questions it
was regular arsenal of arguments against
the republican candidate. He was very
cordial in repeated references TO Mr.. Cleve-
land and his administrations State and
national. His friends consider it complete
situation and platform.
Wheat, Corn, Provisions.
In reference to wheat, corn, and provi-
sions, we quote.the bulletin of October 10th,
issued from the Commercial Department of
the Banking House of Henry Clews & Co.,
of New York city,
WHEAT.-The wheat market is still in
the hands of the professionals, with whom
it was left by the public some time ago.
We have had periods of activity and
strength, but for the week in general the
market may be characterized as dull and ir-
regular, with prices for the most part firm
~ held. Tho cause of boom which took
place early in the week was repetition of
the old familiar rumor that Russia would
restrict if not entirely prohibit exports of
wheat. This rumor has been worked 30
many times this season that it is now near.
" played out, and as it was neither official
ly confirmed nor denied its effect was very
short.lived, the advance of about 2 cents
which it caused being quickly dissipated by
realizing sales; for as the report was not &C
companied by any marked buying movement
from the other side, the trade were not dis
posed to put much faith in it. Foreign
cables have, however, during the whole of
European markets. The situation at the
present time is not difficult one to analyse
and can be summed up in few words.
Europe looks to US as beng practically the
only country from which she can procure
sufficient amount of wheat to make up for
the deficiency occasiored by her exception
ally poor crops. A portion of the require
ment has already been supplied, and as
their crops, such as they are, have now been
harvested, no pressing needs are at the mo-
ment felt. AS consequence there is at the
present time but an Indifferent demand for
cargoes, and what wheat we are sending
them is principally to fill early engagements.
As the season advances, however, the neces-
sity for replenishing rapidly diminishing
supplies will become more apparent, and
there will then be re-awakening in the
export business, and the renewed demand
from abroad can only result in one way
At the moment foreigners are inclined to
wait for lower prices here before they again
become active buyers in the cash market,
as is shown by the fact that there are nu-
merous ordsrs for cargoes no in the hands
of our export merchants, ranging all the
way from two to five cents under prevailing
prices. With brisk prospective demand,
however, Americans have little inclination
to make any great concessions, and prices
here, if they yield at all, will do so slowly,
and purchases by Europe may after all have
to be made from actual necessity at present
and even higher prices. The advance is not
likely to be delayed until the very last of
the season either, for when the present
stocks abroad begin to get somewhat low
and big visible supply here has induced
the accumulation of good short interest,
the market is quite likely to seek a higher
level. AS to our own crop situation, there
is little that is new. Seeding for the next
winter crop is still being delayed by unfa-
vorable weather, and in several sections
where wheat had already sprouted the ten.
der shoots have been killed and farmers
have been obliged to replough the zelda.
There are numerous reports to the effect
that spring wheat lately gathered is still in
the shock and has been seriously damaged
and in some Uses completely rotted By the
wet weather. Receipts of wheat during tie
week have decreased cons. derably, as the
rains have seriously retarded the country
movement
Corn has enjoyed a great deal Of activity
this week, the movements in prices being
attended with considerable irregularity.
Good cold weather in the corn belt, favora-
bic for maturing the crop, and the profess
ed expectation of early delivery of new corn,
was the basis of free liquidation of long
holdings early in the week, and the market
presented weak front under the selling
but as the receipts were very
light and local stocks are decreasing rapidly.
liberal purchases by foreigners for export
easily changed the complexion of the mar
ket and prices rallied under renewed buy
ing.
sociate provisions with weakness just now,
for the course Of the market is still on a
down grade. Even short ribs, which have
heretofore been we'll held, are moving down
ward. The receipts of live hogs arc very
discouraging to the bulls, averaging from
5000 to 10000 per day, and packers are
now beginning to be bearish on next years
deliveries. We stated some time ago the
removal Of the embargo on American pork
by Germany would have but a temporary
effect and ought not to advance prices until
the resulting export demand is actually felt,
and this cannot be yet, for present grades
are reported to be unsatisfactory.
l feel it my duty to say few words 10
regard to Ely's Cream Balm, and / do SO
entirely without solicitation. l have used
it more or less half year, and have found
it to be most admirable. have suffered
from catar1h of the worst kind ever since
was a little boy and never hoped for cure,
but Cream Balm seems to do even thst.-