Staunton spectator. [volume] (Staunton, Va.) 1849-1896, 1892-05-11
COMMERCIAL and FINANCIAL.
THE GRAIN TRADE-CROPs, sc.

The Cincinnati Price Current of May
9Th, says that "a large portion of the Wes
has been favored with weather conditions the
past week which have given good progress in
development of growing crops and facilitated
seeding operations of spring planting. The
season, however is backward one in nearly
all districts.
There is little that is new to be said about
winter wheat. The recent information justi-
ties expectation of moderate improvement
in the May report compared with April-but
the change is not likely to be especially not
able
There appears to be more readiness on the
part of farmers to sell the surplus wheat than
for some time-but this intimation may have
its chief foundation in the better opportunity
the farmer has for moving his produce, due TO
improved condition of roads.
The oats crop will be short In acreage, and
will have an uncertain start in average con-
ditien.
The failure to occupy land intended for oats
will enlarge the corn acreage, if nothing should
interpose. This crop has had some delay in
preparations for planting, but there is yet good
time for 1t,
The speculative wheat market at Chicago
has been dull the past week, and changes in
quotations have generally been within moder-
ate limits. The close is about the same as a
week ago.
There are expectations in some channels
that corn for this month may become some
what interesting it is difficult to find good
reason for counting on especially higher prices
for corn later on.
Total wheat on passage this week 81, 1Oi 900
bushels, against 80, 112, 900 last week, and 49,
$780, 900 last year. ---'~
Wheat receipts at primary markets were 3
1852, 900 bushels for the week, against 1851, 900
the preceding week, and 2,3S5. 900 last year.
Corn receipts were 1850, 900 bushels, against
l. $4,000 the preceding week, and 5000 900
last year.
We make the following extracts from the
weekly financial review of Henry Clews, of
New York City, dated May It'll -
Cheap money at the worlds money centres,
concurrently with gain in confidence and
act benefcially upon American securities. Be
ing exempt from the political uncertainties
that affect such wide range of European in
vestments, and possessing the quality of
growth in value concurrently with the rapid
development and the increasing wealth pecu-
liar to this country, our stocks and bonds
present attractions not only to permanent but
also tn transient investors which ara Snaoia1 fo
them. They have proved steadier than any
other investments since the great Barring dis
aster, and it has been found easier to market
them in large amounts, without depressing
the price, than in the case of almost any other
class of investments. The fact that New York
has, within the last twenty months, demon
strated its ability to take care of the largest
amounts ever likely to be sent home, is also
strong recommendation, and predisposes Lon
don operators to prefer them to Colonial and
Foreign issues.
The Western crop situation remains about
stationary. The season is late and the promise
for wheat considerably below that of a year
ago so that the indications, at present fore
shadow barely an average crop; but the I'M
usual surplus to be carried over would give US
about an average supply for export. We hear
from a reliable source that all the available
freight room for wheat shipment has been
taken up to the LIST of July, and that it pro-
vides for some 30, 900 900 bushels, all of which
is under contract to be forwarded to Europe
within that period. If this be true,-which is
not unlikely,-it will have a very beneficial
upon the financial situation as it
will materially lessen the usual Spring export
of gold. The conditions on the other side the
Atlantic strongly indicate the need of our
wheat, while there isno existing positive re-
qirement to draw from us our gold at the
present time on the contrary, there are better
facilities for employing banking balances here
than in Europe.
As all the circumstances affecting the Stock
Market stand to-day, we look soon for the be-
ginning of an improvement on the late con-
dition of affairs, and see nothing that ON the
whole should be considered discouraging to
buying good stocks whenever thep are raided