Staunton spectator. [volume] (Staunton, Va.) 1849-1896, 1892-07-27
COMMERCIAL And FINAN CIAL.
THE GRAIN TRADE-CROPS, sc.

The Cincinnati Price Current of July
2lst., says that during the early part of the
past week the temperature was somewhat be-
low the seasonable point, but became warmer
later. Rains have fallen in many regions of
the West where needed for the corn crop,
which for the most part has been making ex-
cellent progress in growth, fully up to general
expectations, and the average status of the
crop is maintained. The chances now favor
an average indication for August fully equal
to the estimates for July /, for this crop.
The week has favored harvesting operations
generally where this had not been previously
accomplished Hay making was actively car
ried on, and this crop promises to be large
one in the West, and the bulk of it will be
secured in good condition.
Wheat harvesting has reached the winter
grain districts of Nebraska Iowa, etc, and
the portion of the crop in these northern local
tiles, where spring grain has been principally
grown, appears to be yielding well, while the
spring wheat in the same regions is more or
less deficient.
The spring wheat crop of the Northwest APP
pears to be doing fairly well generally.
Information concerning results of wheat
threshing in the West continues irregular,
there being instances of better yield than look
ed for, but evidently disappointing returns
predominant, and the chances do not appear
to favor better average yield than has re-
Gently been counted on.
The arrivals of new wheat in market are ir-
regular in quality, becoming increasingly so,
with a smaller proportion of the higher grades,
the offerings showing more or less of smut,
shriveed grain, etc. The indications are that
farmers are holding back the good grain and
selling the poorer grain rather freely.
The weeks receipts of wheat at the winter
grain primary markets were moderate for the
time of year, short of most of seasons, while
the movement at the spring grain centers was
exceptionally large for the time of year. max
ing fairly liberal aggregate marketing for
the week.
The Chicago wheat market has been rather
quiet, values well maintained, and making an
advance at the close compared with a week |
ago of PC on July and DC on September.
The corn market at Chicago was moderate
ly variable closing 3c on July and &c on Sep |
TENDER higher than week ago.
Total wheat on passage this week q, 992, 900 |
bushels, against q, 024 900 last week, and 3d.
032, 900 last year.
Wheat receipts at primary markets were g.
5i3, 900 bushels for the week, against 3, 800 900
the preceding week, and 3, los. 900 last year.
Corn receipts were L. 2G, 900 bushels, against
/ $4,000 the preceding week, and 2, 100000
last year.
FINANCIAL. 'A
The following are the concluding remarks
of Henry Clews IN his Financial Review dated
July Ord
The shock to public confidence impaired by
the outbreaks of operatives at the Carnegie
Works and the mines III Idaho has been re-
paired by the promptness with which the au-
thority of the law has been asserted and the
leaders been held responsible for their acts.
These t6G frequent occurrences of lawlessness
by misled operatives show, however, the nee
essity of maintaining the militia force of the
State, as well as that of the Federal army, at
a high standard of efficiency.
Money, though somewhat firmer, in conse-
luence of the exports of gold, is still very
easy and promises to remain so for some time
TO come. Attention has been called by the
press to the wide current difference between
he deposits and loans of the banks, which is
a legitimate indication of future
ease in money.
Taking the situation as whole, and in
spite of Drawbacks the outlook is certainly
Tor stronger market. The chief elements of
are the check given the silver
mania, the practical cessation of gold exports
md an early adjournment of Congress. Even
should further shipments Of gold be made
hey need cause little concern, because larger
offerings of produce bills will soon be forth
coming. The supply of these has lately been
diminished by the Anti-Option bill, which in
uenced foreign buying and thus stimulated
gold shipments, instead of agricultural prod
Icts. London is also becoming more conf
lent, European selling of our stocks having
practically ceased; and it would not be sur
prising if the security movement should soon
turn outwards once more. Again, it is to be
that adverse influences have been
freely discounted. Many stocks are now sell
ing considerably lower than few months
ago, while others, which have materially
their position, have failed thus
far to score any advance. The bears are utter
ly unable to dislodge stocks in any quantities;
hence recent stagnation. With low prices,
good earnings and easy money, we have the
best basis for higher prices. Adverse inAu-
ences are always present; but the immediate
future presents as few of them as could be ex-
pected at any period.