Staunton spectator. [volume] (Staunton, Va.) 1849-1896, 1895-07-31
COMMERCIAL And FINANCIAL
THE GRAIN TRADE-CROPS. &C.

The Cincinnati Price Cnrrent of July 18th
says
wheat crop information is so irregular
and in some instances so conflicting, that sat
isfactory conclusions are difficult to reach. 1t
is fairly plain, however, that the later returns
of threshing are more disappointing than
otherwise in both yield and quality-more
notably in the latter characteristic. No essen
tial lowering of the aggregate figures for the
winter wheat CROP however, seem to be called
for by information yet available.
In many sections of Missouri. and to some
extent elsewhere, there has been so much
moisture that the proper handling of grain
has been interfered with, and it is more or
less damaged in the shock. Much of the
grain already threshed and being offered to
milers is ill-conditioned and of inferior quail
ity.
The offerings of winter wheat continue
small for the time of year, and the prevail
ing information is to the effect that wide
spread determination to hold the grain for
higher prices exists among the farmers, to an
extent more than usual for this time of year.
From the Northwest are many reports some
what sensational, concerning damage to the
wheat crop, but much of the inform alton may
be received with allowance for exaggeration.
That the indications have been somewhat i'm
paired appears probable, and estimates may
be moderately lowered. But that there re.
a whole of larger proportions than last year
may be considered beyond doubt.
The outcome of the oats crop continues to
be we'll spoken of in the man, but there are
instances of unfavorable effects from mois-
ture and injury of quality.
The general promise of the corn crop is
well maintained, and much of the area has
reached point assuring good results, but
good weather is still essential to carry the
crop through favorably in larger proportion
of the area, some of which, especially in the
central regions, are now urgently in need of
moisture.
Recent rains have improved grass lands
quite materially in many localities in the
West.
The wheat market after several days with
out features especially unusual made a great
advance on yesterday, under the turn in spec
ulative operations at Chicago"
FINANCIAL.
From Henry Clews's financial review of
July 9th we make the following extract
which gives the corn-crop prospect as most
favorable
of August LIST, when the corn crop will have
about passed any serious exposure to danger,
especially such as occurred last year. The
damage then was from drouth, which almost
cut the crop in two. The cause of damage
which occurred last year commenced in the
middle of July, and ten days thereafter this
country suffered an aggregate loss of at least
s4OO, OOO, 900. From the present outlook this
years corn yield will be the biggest on record
by several hundred million bushels, in which
event it will bring an amount of prosperity to
the country that will gladden. the hearts of al
most everybody. The present swing of good
business in all directions will then have
basis for its continuance until the result of
next years crop is ascertained. The crops of
this country each year are the measure of
our prosperity as much as gold is the true
measure of values.
A member of our firm has just returned
from an extensive Western trip, including the
corn belt, and reports that 1.-THE corn crop
could hardly be in better shape than it is at
present. There have been numerous rains of
late and sufficient moisture is now in the
ground to obviate the likelihood of any dam
age by the hot winds to be looked for at this
time of year. The corn is full of vitality and
about three weeks ahead of the season, which
considerably lessons the probability of dam
age by early frost. Farmers are jubilant and
the railroad people say they will not have cars
enough to carry the corn out of the country
if present prospects continue. There is any
number of well informed people in the West
who are looking for a ?, 100000 900 corn CROP