Staunton spectator. [volume] (Staunton, Va.) 1849-1896, 1894-02-14
Com MERCIAL And FINANCIAL
THE GRAIN TRADE CROPS. sc


The Cincinnati Price Current of February
8th says =
THE apprehensions previously entertained
as to damaging influence of the recent hard
freezngs on the winter wheat crop are not
fully reflected in the later correspondence, al
though some injury has apparently resulted.
in Localities where there was deficiency or lack
of snow protection. AS general propositio n
wheat is not likely to suffer much injury at
this time of year-the trying period is later.
The wheat crop information offered this
week by the Price Current i unusually full,
covering the larger portion OF the winter grain
area east of tie Rocky mou ltains Notwith-
standing some drawbacks VIZ st of the Missis-
sippi river, notably in Kans =, due largely to
lack of moisture the general average condi-
ton is high, and appears to be more assuring
than the indications suggested the last of De-
cember.
Detailed returns this week indicate rather
more inclination to sell wheat in Ohio, and en-
larged offerings are likely in the near future.
In portions of Indiana this is also the indica-
ton. but as whole little or no increase is to
be expected Numerous dis riots in Illinois
suggest an increase, and others decrease;
there is no enlargement likely in the total, the
SUPPLY as a rule being low. Ia Missouri lie
crease is prob ,oe, with bat moderate supplies
remaining. In Kansas no essential change
appears likely. Taken as a vi hole there is lit
tie to suggest much gain in receipts of winter
wheat in the near future.
The disappointments with reference to de-
cided change in the statistical position of
wheat have been elements available tor coun-
teracting an improving tendency in values.
The Chicago market maintained a fairly
steady position during most OF the week. but
at the close has made new low record, the
May delivery decing yesterday to 625.
The corn market has felt the weakness re-
fected in wheat, as we'll as the influence of en-
larging offerings in the interior.
May wheat at Chicago closed &c below
the highest point of the week, above the
lowest point, and lie lower than week ago.
Corn at Chicago for May closed 1bc be-
low the highest point of the week, &c above the
lowest point, and 1sc lower than week ago.
Wheat receipts at primary markets were l.
5l4 900 bushels for the week, against 1,876,0O0
the preceding week, and 8, O43, 900 last year.
Corn receipts were 3, 153, 900 bushels against
1864, 900 the preceding week. and 100000
last year.
FINANCIAL.
The following are extracts from the finan-
cial review of Henry Clews of February
10th =
tn,ri fhn a
shown little change from the late dizziness
coupled with steadiness of prices Almost the
only stocks that have shown any activity are
the Industrials. They are the only ones that
have directly sympathized with the passage
of the Tariff bill in the House of Representa-
tives; and, somewhat singularly, the changes
in their value have been upward; that, how
ever, may be due to their having been over
sold in advance of the action of the House.
The completion of the Government loan
has produced more settled feeling; although
owing to the political opposition to the negoti-
alton fomented in Washington the operation
was robbed of the eclat of large surplus of
offers and high premiums, yet it is on all
sides regarded as having had a most beneficial
nected with possible Objectionable ways of
getting the money; the introduction of the sill
yer question into the operation has been OBJ
waited the coin reserve of the Treasury has
been restored to about its former strength,
and the working balance of the Government
has been increased. AS doubts overhanging
the finances of Government always have a
widely disturbing effect, the settlement of the
misgivings in this case is a matter of much
congratulation.
In this country, business still shows evil
dences of slow improvement. There is some
abatement of the resumption of work by long
idle factories and iron works; but that is not
remarkable after such a market renewal of
production as occurred last month. The de-
preston remains greatest in the Western
Middle and Eastern States, while in the Far
West, South West and South, it il much mild
err. From the latter sections there is a fair
aggregate demand for goods, though it comes
in a thin continuous stream rather than in
active bounds, and therefore makes little
show.
In this country, the silver faction has been
so effectualy scotched, that whilst it may
continue to annoy it can do little actual harm
to confidence. Upon the whole, therefore,
financial conditions seem to be working into
a sounder and more settled shape, and the
factors are beginning to disappear which have
contributed to the. depression which has be-
fallen all countries"