Staunton spectator. [volume] (Staunton, Va.) 1849-1896, 1892-12-07
COMMERCIAL AND FINANCIAL
THE GRAIN TRADE-CROPs, sc.

The Cincinnati Price Current of December
LIST says there is little that is new to be said
concerning the situation of crops and grain
matters this week. Advices in regard to the
growing wheat crop are in line with previous
returns, and while variable in tenor the pre-
dominating evidence is of an encouraging ma
| ture
The marketing of wheat was reduced last
week at Spring grain markets, but the indica-
| tions suggest some increase for the week now
unexpired, while Winter grain markets are
still being sparingly supplied, although in
some localities in the interior there is evidence
of more inclination to dispose of wheat, under
feeling of disappointment in the market,
| which has been expected to show more
strength.
The visible supply of wheat has now got
above the 70, OO0, 900 point and will likely mark
another enlargement, to some extent, at the
end of the current week. But the tendency to
enlargement of warehouse stocks is now quite
likely nearly at an end for this season, al
though it may be some weeks before any con-
siderable diminution of these available sup
plies may be shown.
While there is now q 900, 900 bushels more
of wheat sin sight in this country compared
with year ago the evidence points to the fact
that the aggregate supply of wheat in the
country is about 100000 bushels smaller
than year ago. This means that while regu-
lar warehouse stocks indicate an increase of
q, 0OO, 0O0 the smaller warehouses and the
farmers holdings represent total fully 1OO,-
OOO 900 bushels below the volume of such
stocks year ago.
Last years wheat crop ended with very
moderate excess of available supply-but little
if any exceeding 25,OOO,0OO bushels Last
year S exports from December to July were
49, 900, 900 bushels; adding the q, 200 GOO sur
plus implies a total in excess of domestic
wants of IA ,OOO, 900 bushels. on December 1;
say AS, 000, 600 in round figures. Reckoning
the supply in the country now as 100000
bushels smaller than year ago would mean
that there now remains about 10000, 900 BUSH
els available for expectation in the coming
seven months, by reducing the reserves to
point Is, 600, 900 lower than July last, while
in the corresponding seven months last year
there was exported 119, 1000, 000-or 49.000,00
more than is apparently available for export
alton during the remainder of this season.
Just when the force of this feature of the
statistical position of wheat will be felt in the
speculative markets can not be told, but it is
not reasonable to expect that the year will go
through to a close without its influence being
shown very plainly. w$
The marketing of corn continues rather re-
stricted, and sentiment in the interior appears
to be confident with reference tosthis grain, so
that in the near future there will likely be
continuance of moderate shipments.
At Chicago December wheat closes lie below
the highest point of the week, he above the
lowest point and &c lower than a week ago.
Corn for December closes &c above the lowest
point of the week; &c below the highest, and
! &c higher than a week ago.
The approximate situation of wheat sup
plies in the United States on December l in
comparison with last year is fairly shown in
| the following:
1899 1891.