Staunton spectator. [volume] (Staunton, Va.) 1849-1896, 1894-07-25
COMMERCIAL And FINANCIAL
THE GRAIN TRADE-cROPs. &C

THE GRAIN TRADE-CROPS. &C
| The Cincinnati Price Current of July 10Th,
says
Throughout nearly all the grain producing
sections of the West there has been continued
lack of rain the past week, which has intensi-
fled the apprehensions concerning the corn
crop, which is already more or less injured
permanently in portions of Iowa, and in vari-
Gus districts elsewhere. Without relief quick
ly the splendid promise of this crop will be
certainly changed and the yield will be large
| ly cut short.
| 1t does not appear that the spring wheat out
look has changed essentially. Here and
there in the Northwest are complaints, more
in South Dakota than elsewhere, but there is
far from uniformity of discouraging advices,
and conservative observers are still counting
on fairly good yield little if any below last
year. and decidedly better than many state
ments from that region would suggest.
| Threshing returns from the States of the
Central West continue to show Unexpectedly
| favorable yields, maintaining the view that
| the winter wheat production will decidedly
| exceed the general calculations. The quality
| is better than ordinarily, feature which will
eventually prove favorable to maintenance or
improvement of values, although Just at this
time there seems to be nothing which can do
much at inspiring confidence in better values
for the near future
The dry weather has curtailed the hay crop,
cut short pasturage. and shortened the potato
crop.
In Ohio the wheat crop is good, exceeding
expectations in large number of localities.
Corn mostly withstanding the dry weather
fairly well, but now urgently needing rain;
part of it permanently injured. Some locali-
ties wheat not offered freely at current prices;
in other instances selling from threshers more
than usual.
In Indiana large yields of wheat are report
ed, quality fine, threshing we'll advanced;
grain being sold freely as rule. Corn gener-
ally standing the dry weather fairly well, but
rains are now badly needed.
In Illinois fair crop of hay has been Sc
cured in good order Oats very good in por-
tons of the State. Corn generally needing
rain urgently. Wheat yielding we'll, thresh-
ing about completed; grain not being sold
freely at current prices.
In Iowa the hay crop has turned out very
short. Corn suffering seriously to large ex-
tent, and without immediate relief will be
largely cut short.
In Missouri considerable of the corn are
is still in satisfactory condition and in good
promise-now needing rain, but not suffering
to an important extent. Yield of wheat over
runs expectations to some extent
In Kansas the corn crop has not positively
suffered to any great extent but is now need
ing rain. Yield of wheat is not varying much
from previous calculations.
The wheat market has been shaping toward
lower values all the week. closing at Chicago
DC lower than a week ago for September. AS
in the past, the low position of prices is the
chief element of encouragement with refer
ence to change in the tendency of values.
The milling demand for grain is good.
Corn has found strength in the small move
ment and reduced supplies, with the intensi
fed apprehensions as to the growing crop
Prices at Chicago for September are lie high
er than week ago."
The following is an extract from the Finan
cial Review of Henry Clews of July 21st:-
ut must be conceded that some very mate
rial improvements in the general condition of
affairs have lately occurred. We are close on
the termination of the twelve months of sus
pense connected with tariff legislation.
Whether the present crisis in that question
ends in the Ell actment of the bill or in its de-
feat matters little to the immediate welfare
of business. If the bill becomes law, prepar-
atoms have already been made in our indus
tries for giving effect to the lower duties with
the minimum of disturbance to manufacture
ers. If it is defeated, both sides will concede
that, at least, no present injury, but rather an
immediate stimulus must result to domestic
interests at large. From this point of view,
Wall Street takes comparatively little interest
in the failure of the Joint Committee of the
two Houses to reach an agreement on this
measure.
The end of the Debs strike has contributed
to great strengthening of confidence in the
future of the transportation interests The
constant attitude of threat held by some of
the unions and the increasing violence of
their strikes has been steadily growing ele-
ment of distrust in this class of investments,
not only at home but also in the foreign mar
kets for our securities. These unions have
now put forth all the force they could sum-
mon in order to measure their strength with
that of the railroads. They declared in adj
vance that failure would mean not only pres
ent defeat but also the final overthrow of at
least the strike as method of warfare. They
are defeated most utterly; and that in a way
which makes it certain that the unions can
never dominate the railroads except through
the overthrow of the armed power not only of
the cities and the States but also of the Uni
ted States. This settlement is of immeasura-
BILE value not only to the railroads but also to
the entire vast interests dependent upon the
railroads for the safe and regular transporta-
ton of products, which have so repeatedly
suffered from the growing violences of EN-
ployes led by injudcious leaders. 1t is thus
felt that July has brought a great ameliora-
ton of the working conditions of our 175, 900
miles of railroad.
5taunton Markets.
SPECTATOR OFFICE.
STAUNToN. VA, July4, 1884,