Staunton spectator. [volume] (Staunton, Va.) 1849-1896, 1894-06-20
COM MERCIAL and FINANC IAI
THE GRAIN TRADE-CROPS, sc.

! and early in the week low temperature had an
influence in retarding the growth of corn
! This crop quite generally needs more mois
ture, but is in very good position generally
the stand being good and the plant healthy
with unimportant exceptions. The dry
weather has facilitated excellent cultivation
of this crop, and with warmth and moisture
rapid development will follow.
| The winter wheat crop is maturing favora-
| bly, in most regions east of the Mississippi
river. There continue to appear, however,
| occasional instances of doubt as to the grain
filling we'll, and quite likely this apprehension
| is wel-founded in various localities 1t will
be difficult, however, to reach reliable conclu-
sons in this respect until the grain is harvest
ed and threshed In Missouri and Kansas
the crop appears to be somewhat lowered in
promise compared with expectations in the
recent past. The general average position of
winter wheat is likely lowered slightly.
The information from the Northwest does
not suggest that conditions have been all that
could be desired but with little of positive in
reference with seasouable progress the aver
age condition has been lowered but slightly.
Our information relating to the oats crop
continues decidedly irregular. a portion of
the crop being very good, but so much of the
area is deficient or positively poor that it APP
pears doubtful if the outlook jus titles expec
tations of more than three-fourths of crop.
In Ohio, wheat is filling slowly in portions
of the area, generally maintaining good con-
dition, slightly injured b. frost in few local
r1a To cd
tent now improving under recent warmth,
but needing moisture. Large portion of the
oats crop doing we'll
In Indiana the wheat crop averages WELL
some complaints of fly, and of deficiency in
the stooling of the plant. Corn more or less
irregular good outcome expected under fu-
ture favoring conditions. Moisture needed.
Oats crop deficient.
In Illinois the wheat crop has been matur.
ing favorably; some drawbacks from fly, etc.
Generally good outlook for corn, and oats in
fairly promising condition. Moisture needed.
Drought in Iowa has injured oats beyond
recovery. Corn promising we'll. Wheat only
fair Recent rains in some localities, but
generally urgently needed.
Rain in portions of Missouri helping corn,
which is in good condition. Oats crop poor.
Wheat turning out more disappointing than
previously calculated on; more or less COM
plant of chinch bugs.
Wheat and oats doing poorly in Kansas, and
corn maintaining an encouraging position.
Rains in portions of the State but generally
much needed.
The marketing of wheat is reduced to low
and in various instances the win
ter grain millers are shutting down from in
ability to obtain supplies on basis admitting
of operations.
Considerable speculative interest is mani |
fest in the wheat markets, and while the posi- |
ton Of values at the close is not much higher |
than a week ago there are evidences favoring |
the view that the tendency is shaping gradual
ly toward firmer markets.
FINANCIAL.
The following are extracts from the inan-
cial review of Henry Clews of June 10TH
I'm our advices of last week, we called at |
tention to certain symptoms that London was
likely to soon show an increased interest in
our securities. Our forecast has been con-
firmed by the course of the market during the
past week. England had over estimated the
gravity of our coal strike, and on that ac-
count, as well as for other pessimistic fore |
holdings, London had sold certain of our
stocks quite freely and became short on
them. That market is now taken by surprise |
at the greater facility with which we settle |
these disturbances than do the British coal
barons, and the prospect of an early end of
the trouble has this week led to consider |
able buying in behalf of London, the stocks |
in demand having been St. Paul, |
Reading, Atchison & Topeka and Louisville & |
Nashville. The purely monetary conditions
at that centre are exceptionally favorable to
speculative operations With money at per
cent ON call and per cent on three months |
bills in the open market, and with gold still
piling up hugely in the Bank of England,-a
condition of things exists which cannot but |
compel either investment in legitimate securi- |
ties or resort to the creation of some sort of
speculative enterprises. The great drawback
to investment has been the growing feeling |
of apprehension excited by the political ten
sion attendant on the exhaustive military ex-
penditures of the European powers and the
dangers of precipitation of
widespread war. Those fears have lately |
been mitigated by the friendly relations I'M
established between Germany and
Russia.
Whatever tends to the revival of confidence
and enterprise in Europe is of vital Importance
to progress on this side the Atlantic. We are
rapidly drifting towards a greater solidarity
of interests between this country and the Old
World. We are destined to broader COM
mingling with the worlds markets; and it
is on the New Continent that the Old must
find the most profitable employment for its
wealth. Remotely, therefore,
as these foreign factors may, at first sight,
seem to bear upon the investment interests of
the United States and on the financial forces
centering in this market, it is more than posi-
BILE that before the present year closes, we
may find that new assurances of European
peace contribute valuable stimulus to revival
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