Staunton spectator. [volume] (Staunton, Va.) 1849-1896, 1892-10-12
COMMERCIAL AND FINANCIAL
THE GRAIN TRADE-CROPs, sc.

The Cincinnati Price Current of October
9Th, says the past week has shown an almost
entire absence of rainfall in the West, and to
some extent has further delayed wheat seed
ing, where the ground had not been prepared
before it had become too dry for blowing, and
suggesting that the expected area to be seeded
will be shortened.
For the finishing up of the corn crop the
weather has been remarkably favorable, and
it is now practl cally secure from any injury
from freezing to as full extent as usual. Great
progress has been made in cutting corn.
From the later indications concerning the
corn crop we see no occasion for any essential
change in the approximations offered in de-
tail last week. The feature of our report
which has Attracted special comment is the
estimate of 22Q,NeO, 900 bushels for the State of
Iowa, in the face of an estimate credited to
State Official of IT'S, 000, 600. Time may determ-
inc as to which of the estimates is the nearer
consistent
The weeks marketing of wheat was again
of very large volume-the winter grain mar
kets showing reduction, and spring wheat
markets a larger total than ever before re-
corded
The arrivals of corn at western markets for
the week were quite large, rarely equaled-in
fact exceeded but once within the past year.
The Chicago wheat market closes slightly
easier than week ago, and has not shown
wide changes within the period.
The Chicago corn market closes II on Octo-
Der and LIZ on May lower than week ago.
Total wheat on passage this week 22,92S 900
bushels, against %, 496, 900 last week, and 55,-
$4,000 last year.
Wheat receipts at primary markets were g.
$685. 900 bushels for the week, against 1851 900
the preceding week, and I, 467 900 last year.
Corn receipts were 3.7S3OOO bushels against
2,925,00O the preceding week. and 1,24S,OO
last year.
FINANCIAL.
The following are the first and last para
graphs of Henry Clews's financial review dat
ed October 9Th
Those who have been so long waiting for
the moving of the market have at last been
gratified. Without any apparent concerted or
otherwise special effort, revival has set in
during the past week which seems to indicate
the beginning of more active market and an
upward movement in prices. 1t is true the
change was most conspicuous in the stocks
controlled by wealthy combinations; but the
thing to be noted was The ready response of
minor and even outside operators so that the
recovery has been felt in nearly every stock
on the list. The activity was also stimulated
by the prompt rush of the bears to cover
their short" contracts. The spontaneous
ness of the movement has even taken the
bulls" by surprise, and is on both sides of
the market construed as an emphatic express
sion of stronger undertone than had been
supposed to exist. II
Wall Street may congratulate itself upon its
almost entire exemption from the political
diversions that have usually attended presi-
dental elections. While our people take per-
haps as deep and earnest an interest in the
election of national officers and representa-
tives as they ever did, yet that very earnest
ness seems to make them less demonstrative
| and the new method of balloting also has a
tendency to discourage sensational methods of
| canvass. Elections are now devoted more to
| ''educationar' work and less to shouting and
| displays; and the change confers benefit equal
| ly in more intelligent exercise of the fran
| chise and in diminished interference with the
prosecution of business. Hence we no longer
hear men talk of postponing their financial
operations until the result of the elections has
been ascertained.