Staunton spectator. [volume] (Staunton, Va.) 1849-1896, 1892-08-03
COMMERCIAL And FINAN CIAL.
THE GRAIN TRADE-CRops. &C.

The Cincinnati Price Current of July
18th, says
''The feature of the week just closed is that
a period of high temperature has prevailed
throughout the West which has favored
growth of corn where there has been sufficient
moisture, and somewhat jeopardized the posi-
/, ton of this crop where moisture has been de-
i ficient. Our correspondence is largely dated
previous to the past two or three days of ex-
cessive heat, and does not reflect fully the eff
feet of this extreme condition. Thus the gen
eral tenor of these advices is encouraging prob
| ably more so than for any previous week this
season, concerning the corn crop. Whatever
may develop later ON affecting the crop it is
in order to consider that its average condition
has been maintained thus far. The areas of
positive injury to corn from the heat of the
past few days are evidently limited, and do
not cut much figure IN the aggregate. g.
Threshing returns from winter wheat re-
gi ms continue very neutrality-suspicious. of
Southern Illinois and west of the Mississippi
river show very gratifying results. but the
prcponderance of returns throughout the win
ter grain belt continue to indicate disappoint-
ing results as to yield. The quality of grain
is quite variable-much of it being excellent,
but much larger proportion than last year is
deficient in this respect
The situation of spring wheat is largely sur
rounded with uncertainty possibilities favor
ing fairly good outcome, but chances are
somewhat less encouraging than previously,
as whole
The returns from the oats crop suggest that
the average yield may be somewhat better
than the earlier conditions indicated.
The hay crop of the west is a large one, and
conditions have generally been favorable to
securing it in good condition.
The arrivals of wheat at winter grain pri-
mary markets made large gain the past
week. although falling decidedly short of cor
responding period last year; all things consid-
cred, the movement for the time of year was
moderate, and reflects the reluctance of farm
ers to sell at current values.
The corn movement continues rather light
at primary markets-partly because farmers
are yet very busy with other affairs, and part
ly because of inclination to wait awhile, with
reference to progress of the growing crop. 1t
is this more than the lack of supplies which
makes light movement now in commercial
channels
The speculative wheat market at Chicago
has been quite changeablc during the week,
but within moderate range generally, ruling
easier at the close than for any previous day
within the week, closing lie lower than a
week ago for September.
A fair degree of interest was shown in corn
during the week; strength was manifested in
the latter portion of the period, ON statements
made and apprehensions concerning the effect
of the hot weather on the growing crop. The
closing was somewhat easier, but &c higher
than week ago, for September.
Wheat receipts at primary markets We're A.
6i6,000 bushels for the week, against 3,543, 900
the preceding week, and 5,S990O0 last year.
Corn receipts were l. 534, 900 bushels, against
1,526,0O0 the preceding week, and 2,056,0
last year.