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

| The Cincinnati Price Current of February
18th, says, ''the past week has not been espe-
cially unfavorable for the growing wheat crop
| in the West, and the general status of the crop
| is practically unchanged. The deficiency in
growth, characteristic of a large proportion of
the area, gives rise to much of apprehension
as to ultimate results should the next three or
four weeks prove to be as trying ON such crops
as frequently is shown for this period in the
! season.
The marketing of wheat in the winter grain
districts is of comparatively small volume
partly due to the confidence existing with re-
ference to prices, partly to a decision to await
developments concerning the growing crop,
and to some extent attributable to unfavorable
condition of wagon roads.
In the Northwest the movement of wheat is
well maintained, the total for the week being
larger than for several weeks, the gain being
chiefly at Duluth
Here at Cincinnati there has of late been an
enlarging call for wheat from milling points
southwark, where this industry has been
growing to considerable extent This in a
measure has curtailed the demand from that
direction for -four.
The accommodations of flour in the distribu-
ting markets have been moderately reduced of
late, although still ample. There are indica-
tons that the smaller dealers are getting low
in supplies, having manifested an indifference
| to maintenance of stocks and there is likely
| to be developed more animation in the trade
| in the near future.
| Spppr iDta in wi hoo, fo,u
| brisk during the week. and as rule the in
| formation from abroad has been calculated to
strengthen sentiment relative to this grain
AT Chicago May wheat has ranged up to 95c
during the week, subsequently receding to 924,
closing yesterday at 934
| Considerable increase is shown in the move
ment of corn, but values are well maintained,
| although trading in this grain is not particu-
larly active
| Total wheat on passage this week 80, 10000
bushels, against 30, 064, 900 last week and "a
$50, 900 last year.
Wheat receipts at primary markets were g.
1900 bushels for the week, against 2,418,O 600
the preceding week, and l, $40. 900 last year.
Corn receipts were 3,sS4,OO bushels, against
2635,O0O the preceding week, and 1895, 900
last year.
FINANCIAL.
From the weekly Financial review of Mr..
Henry Clews, dated February 9th, we make
the following extracts -
The immediate future of the Stock Market
is not so conspicuously brilliant as some of the
more powerful interests in Wall street would
have others believe. For some time past
there has been great deal of missionary work
through numerous brokers on behalf of some
OF the big holders of stocks, who are anxious
to tighten their newly acquired load and take
profits; but so far their efforts by this means
have not been entirely successful Aided by
the big Coal deal, the speculative dealers were
enabled to mark up the prices of those shares
IN most sensational manner, but they failed
notably in making market for their holdings
| at the new prices. As a matter of fact, they
have simply put up prices upon themselves,
| and there consequently remains real danger
In the speculative element which promoted
the rise. The truth is, the outside element is
still unimportant. = y The present
condition of the exchange market is more
favorable to gold shipments, besides which
the season for an outward movement is close
at hand. There is no immediate danger of
free coinage of silver, and it is worthy of note
that Austria's special demands, which are
presumed to have induced recent shipments,
cause no uneasiness abroad. In spite of these
facts, however, the market, in its present
weak, stagnant condition, is naturally sensi-
tive to any important demand upon our gold
supply. The ordinary Spectator sees the
gold leave; confidence is impaired, and it only
remains for the professional bear to exagger-
ate the situation and brighten holders into
parting with stocks This is simply an in
stance of where the effect may be out of all
proportion to the cause; but the experienced
operator takes note of exceptions as well as
the rule and acts accordingly.
In the general situation there is little change
If general trade would improve there might
be some room for encouragement; but this is
still wanting The future is promising; only
we have been living long enough upon high
and unfulfilled expectations. period of
disappointment naturally follows, from which
at later date we shall of course emerge.
Meanwhile the Stock Market is unsettled, and
is likely to exhibit a declining tendency until
new life is infused by favorable developments
of some Sort