Staunton spectator. [volume] (Staunton, Va.) 1849-1896, 1892-06-22
COMMERCIAL And FINAN CIAL.
THE GRAIN TRADE-CROPs, &C.

The Cincinnati Price-Current of June
16th says, ''the past week has been decidedly
favorable for leading crops. The planting
and replanting of corn where unfinished has
been prosecuted very actively The corn that
had been planted has made very gratifying
development. These conditions have been
quite general in the West, and farmers are re-
garding the chances of this crop far more
favorably than two weeks ago. AS a result
they are now marketing old grain much more
freely.
In some portions of the West the warmth,
with winds, has dried the surface so rapidly
following the packed condition of the earth
from the hard rains, that more moisture is al
ready being desired. Showers have occurred
over large breadth during the week.
Our correspondence concerning wheat is
quite as encouraging as previous advces, as a
whole. The reports of rust have not increased
to any special degree, and do not suggest any
unusual extent of this kind of injury as yet.
There are some complaints of smut, but they
have little significance in the aggregate crop.
In the Northwest the recent weather condi-
tons have been favorable and spring wheat is
maintaining fairly good position.
The oats crops had important benefit from
the rains in May, and will likely yield fairly
well in most regions Of the West.
In the speculative grain markets the wealth
er conditions have weakened corn values, and
the Department of Agriculture report has I'M
settled and lowered wheat values. The De
partment estimates now are probably quite
full, possibly too high. The contrast with the
erroneously low condition reported in April is
the feature of disturbing signifcane.
AT the close July wheat at Chicago is 7s,
and September wheat II lower than week
ago; July corn is q, and September corn &c
lower than a week ago.
Total wheat on passage this week 80, 160, 600
bushels, against 81, 024, 900 last week, and 43,
$50, 600 last year.
Wheat receipts at primary markets were g.
1876, bushels for the week, against 2,S16, 600
the preceding week, and Gas. 900 last year
Corn receipts were 2, psi 900 bushels, against
2,734,OO0 the preceding week, and 100000
last year,
FINANCIAL.
The financial review of Henry Clews Idated
June 18th, says, ''the report of the Depart
ment of Agriculture on the condition of the
growing crops removes the past misgivings as
to the prospects of wheat. The general YER
age condition of Winter wheat is reported as
oo.3. 1t is to be remembered, however, that
since the date of this report the weather has
been stimulating and generally favor able
through the entire wheat belt; so that report
as for the present date would, in all robabili-
ty, present still higher average condi. ion. In
1891, the June condition was 96.6. As the
acreage of this year is about the same s that
OF 1891, any difference from last years &tra-
ordinary crop must arise entirely from " aria-
tons OF condition. As to Spring wheat, the
area is about the same as last year but so. ne
doubts have been entertained respecting it i'm
consequence of the storms having delayed tn e
planting 1t was therefore much more wei :
come exhibit than had been expected when.
the official report gave the average condition
on June LIST as 92.3, compared with 92.6 last
year. As the indications stand to-day, there
fore, it would seem safe to estimate the reduc--
ton of the Winter and Spring crops from last
years figures as not exceeding 100 900, 600 BUSH
els. If to this were added the unusual surplus
carried over from last crop, it would appear
that the total available supply for the new