Staunton spectator. [volume] (Staunton, Va.) 1849-1896, 1894-01-10
COMMERCIAL And FINAN CIAL
THE GRAIN TRADE-CROPs. xc.


The Cincinnati Price Current of January
4th SAYS
Weather conditions have continued of a
mild character in the Central West, without
snow or rainfall to any extent. Under such
conditions roads have generally been fayora-
Bile for the movement of produce. In some
localities the marketing of grain has been en-
couraged by these conditions. There are some
instances where freight competition has re-
duced rates to such an extent as to induce
comparatively free shipments of grain which
otherwise would not have occurred.
With all the favorableness of weather and
incident conditions there do not appear to be
indications of an enlarged marketing of wheat
in the West. In fact there remains little to
go out of the regions where it is held in local
tiles west of Indiana, and in Ohio, Indiana
and Michigan there is little of inclination to
accept present values.
The change in the comparison in the visible
statement has at last been reached in the clos
ing exhibit for December-the total, while
slightly larger than the preceding week. be-
ing over LOCO, 900 below corresponding time
last year-and it is reasonable to calculate that
at no time again within this crop year will
the total be equal to corresponding time in
the preceding year.
The wheat markets have been shaping a
little better, and possibly are approaching the
turn to settled tendency toward higher val
ues But not much should be looked for in
such direction until the supplies in sight are
and no ,orka ma
more eagerness for the American surplus.
The season has been so exceptionally favor
able for economising grain in the feeding of
stock that there are indications that the offer
ings of corn are likely to be enlarged, from
the falling off in the demand from western
feeders, whose necessities have been covered
by earlier purchases. But considering the
fact that this years crop began with so much
less of old grain than the preceding year, with
the low position of current values, it is not
reasonable to expect an essential reduction in
prices under any increase in offerings likely
to occur.
May wheat at Chicago closes &c below
the highest point of the week, II above the
lowest point, and &c higher than a week ago
Corn at Chicago for May closes SC be-
low the highest point of the week, &c above the
lowest point, and 4c higher than a week ago.
Wheat receipts at primary markets were g.,
239, 900 bushels for the week, against 3,017 900
the preceding week, and 1885, 900 last year.
Corn receipts were 1923, 900 bushels, against
1876, 900 the preceding week, and 2S1S,0
last year."
FINANCIAL
The following are extracts from the finan-
cial review of Henry Clews of January
9th =
The new year opens with feeling on the
Stock Exchange which is in welcome contrast
to the tone of affairs outside. There is no
very marked buoyancy, nor any great activity
in securities; but eqnally there is an entire alb
sence of the pessimism and prostration that
prevail universally in the commercial markets.
1t may be worth while to consider this differ
ence; for it is real and has causes which ought
to be generally understood.
Mr.. Clews then gives the reasons at some
length, which we have not the space to pub
lish, and concludes his review as follows
In view of the foregoing facts, it is not diff
cult to explain the great difference in tone as
between the commercial and the financial
markets. The former are demoralized and
disorganized and yield no profit; the latter af
ford the only present chance for floating capt.
tai making money The enormous amount
of money resting idle in banks and trust COM
panies shows that, while the supply of securi-
ties is unusually light, there is ample capital
waiting to find employment in them. In
these important respects, the new year opens
with reasonably encouraging prospects for
business on the Stock Exchange.