Staunton spectator. [volume] (Staunton, Va.) 1849-1896, 1892-02-03
COMMERCIAL And FINAN CIAL.
THE OBSERVATION-DISCLOSURES sc.

The Cincinnati Price Current of January
18th, says that much of the snow, and in some
districts about all of it, has disappeared in the
! West within the past week, with low temper
ture following, but it does not appear that the
wheat crop has suffered. The offerings of
wheat, both in the interior, for shipping and
to meet the want of local millers, have been
limited during the week, holders contending
for better prices, and in some instances are
governed by inclination to see what is the out
look ultimately for the new winter crop. The
offerings of corn have been irregular, but as a
whole not freely at current values.
Wheat receipts at primary markets were q
OH,ON bushels for the week, against 2530,000
the preceding week, and !, 42i, 900 last year.
Corn receipts were 1881, 900 bushels, against
3,O25,00O the preceding week, and 1193, 900
last year.
The circular letter of Irwin, Green & Co.,
Chicago, received January 9th, byJ. w. Hoyt
Co., Cincinnati, contains the following:
Deliveries from points in the Northwest
are light, and our receipts at Chicago are less
than very moderate estimates The winter
wheat areas would seem to have parted with
millers IN more than one State are making in
quiries in this city which show that they near
the point at which it may be necessary for
them to draw on us for stock. The export
movement continues fairly active the ship
ments of last week from both coasts aggregat-
ing about four and half million bushels in
wheat and flour, and the takings are not linn
tied to the low grades, as recently limited by
the bears. A lot of 100, 900 bushels No. was
taken in this city Saturday to be exported as
soon as it could be moved by rail. The for
eigners still want our wheat and flour in large
quantity and their writers take a decidedly
strong view of the situation. H. K Jack son
says in the latest received number of Dorm
busch that rye is selling above the price of
| wheat, that both cereals are worth more than
consumers have paid for them during the re-
cent years of depression, and that he regards
the conditions as really dangerous from a
consumers point of view.
There is the position. Some of our bears
are quoted as saying they expect to see a drop
| to the neighborhood of rs cents while some on
| the other side aver their conviction that the
present level must be departed from in the
direction of much higher prices
FINANCIAL.
From Henry Clews's Financial weekly re-
view of date, January Both, we quote the fol
lowing
1.-THE past week in Wall Street has been one
of irregular movements, the outcome of the
bear raids of the previous week. The late
bear" demonstrations produced a good deal
of dislocation of speculative interests and have
developed considerable amount of short
contracts; which has prolonged the policy of
attack and caused, within the past week, a
| succession Of smart skirmishes between the
two sides. The tactics of the bears have
been confined to feints and surprises; the
CHILEAN affair having been freely drawn upon
for unsettling rumors, such as story of the
assassination of Minister Eagan, canard
about Gillian vessel having fired upon the
Yorktown, &c.,-the incredibility of which
only showed the desperateness of the position
of the originators of the alarms.
The course of external happenings has fay-
ored the "bull' interest. The presentation to
Congress of the Gillian correspondence was
followed by offers of concession from the
offending country which are reported to be
satisfactory to our Government so that this
question may be considered as having passed
the stage of danger and can no longer be
counted upon by the bears as a source of
sensational alarms. This deprives the opposi-
ton of its last effective card. Among other
favorable incidents, there has been a buying
movement in some of the Gould stocks, espec-
tally Manhattan. The coal stocks have been
more settled, under active buying of Del. &
Lackawanna and reports of more amicable
feeling among that group of companies on the
question of apportionment of anthracite pro-
duction"