Staunton spectator. [volume] (Staunton, Va.) 1849-1896, 1894-10-10
COMMERCIAL And FINANCIAL
THE GRAIN TRADE-CROPs. &C.

The Cincinnati Price Current of October
4th, says
1.-THE past week has been splendid one TO
maturing corn. The weather has been fair
with some frosts, but no injury to corn. thu
crop being practically all secure. There arr
continued evidences that the yield is bette
than expected in many instances. 1t will no
be much out of the way as the situation nov
appears to calculate the crop as about 1,5OO,
0O0, 900 bushels.
Among the reports this week from CORE
spondents is suggestive one from State Cen
ter, Marshall county, Iowa, as follows: "Tht
situation has changed. Corn is no longel
hunted for so eagerly as thirty days ago
Wheat, millstuffs and corn fodder seem tt
make things go with very little corn. The
price of corn has fallen from Goo to 42c."
Another Iowa correspondent states tha
large quantities of wheat are coming into thai
region from Kansas, which farmers are USING
for feeding to hogs and cattle; also that foul
at $500 per barrel will be fed largely to hogs
These are illustrations of conditions more
or less prevailing in many districts in the
West
The feeding of wheat to animals appears to
be enlarging, especially in the winter grain
States, where the shipping movement OF
wheat is now very much restricted.
Autumn seeding operations have been car
ried nearly to completion, and the situation
is notably propitlous as to the start of the new
crop.
The wheat markets have again developed
new low records the past week-not because
new conditions or indications have come tc
light, but because the contending Influential
factions in efforts to control the tendency oil
values have been the more adroit ON the one
side than the other in the use of their forces
and it is to be conceded that they have ha6
within reach abundance of material with
which to menace their opponents.
The corn market has again lost some of its
strength, but the change is less than in the
preceding week. 1t is difficult to judge as to
what may be the shaping of the market in
the near future, but there appears to be no
there should be no pinch in speculative tran
sactions."
FINANCIAL.
In his financial review of October 9th, Henry
Clews says =
"The recovery of trade following the pass
age of the Tariff Act appears to have exhaust
ed its first effects on Wall Street The two
months of active distribution of merchandise
has sufficed to meet the immediate wants of
the retail trade, and there is consequently a
curtailment of the demand at wholesale and
an interval of waiting until the usual second
demand for replenishing stocks appears.
There appears, however, to be no real reason
for doubling that this second half of the sea.
son will prove reasonably satisfactory. The
retailers themselves were the best judges OF
what amount of goods they could dispose of,
and it is reasonable to suppose that, liberal
though their purchases have been, they have
taken no more than their customers will want
during the first and more active half of the
season; and, assuming that, it may be allow
able to hope for a fair renewal Of demand
during the later period of the season. Whole.
sale dealers however are making conservative
estimates upon this late demand, and are pur.
suing tentative course in their contracts
with the manufacturers. They are likely to
follow like policy in respect to orders fol
the next seasons business; which is no more
than would be dictated by sound business
policy. Indeed, there is nowhere any DISPOSE
ton to discount the future from the stand
point of sanguine expectations. A continued
gradual recovery of business through 1895 is
counted upon, but no early 'boom' is gener-
ally anticipated. The imports of merchandise
show large increase, being for the last weel
of September $40, 200 900, against Sc, 200 900 fo
the same time of 1898.
This may be regarded as partly the effect OF
the revival of business, and partly reaction
from the holding back of goods in anticipa
ton of the new duties. The movement il
therefore not to be regarded as in any way
excessive.