Staunton spectator. [volume] (Staunton, Va.) 1849-1896, 1895-01-23
COMMERCIAL and FINANCIAL
THE GRAIN TKADE-oRoPs, &C.

The Cincinnati Price Current of January
18th, says
1.-The marketing of wheat continues very
light In but few instances have enlarged Of
ferings been noted, while there is shown to
be Strengthening of prices in the interior,
under an increasing demand from millers
The distributing markets are receiving orders
from widening range of territory. Interior
millers have been holding off, and ere long
they may be expected to spring a surprise in
the market by the more general demand from
them for necessary supplies. They are al
ready paying in this market 2 to 3 cents per
bushel more than they bid previously since
the New Year opened.
These are the conditions with reference to
operations outside of the influential specula-
tive markets, where the short interest coinci-
dent with the continuance of large warehouse
stocks, makes it possible to hold in check a
tendency to better prices for wheat which
would otherwise result. And likely there
will be little change in these particulars in
the near future.
The flour trade is shaping better, and the
distributing centers are receiving orders from
former customers who have been otherwise
supplied for considerable time past.
The range of Chicago prices for wheat dur
ing the week has not been wide, closing at
about the same position as q week ago for fu-
ture deliveries. No. 2spring wheat for cash
commands premium over May prices for
No. 2.
q mo MT ic M
covers the current requirements. Chicago
prices have ruled somewhat firmer than previ-
ously, closing fractionally higher than week
ago. While the cold and unfavorable weather
will tend to hurryipg live stock to market,
thus lessening the consuming basis, this fea-
ture is balanced for the time being by the in
creased feeding requirements of such stock as
remains.
May wheat at Chicago closed 4c below the
highest point of the week, &c above the lowest
point, and &c higher than week ago.
Corn at Chicago for May closed &c below
the highest point of the week, 4c above the
lowest point, and 4c higher than week ago.
Wheat receipts at primary markets were l.
321 900 bushels for the week. against ], 228 ZOO
Corn receipts were 2,317 900 bushels, against
1,462,00O the preceding week, and 1904, 900
last year."
FINANCIAL.
In his financial Review of Jan. 18th, Henry
Clews says =
The prospects of currency legislation by the
present Congress are fast vanishing, if they
have not wholly disappeared. Any general
scheme for dealing with bank circulation be-
comes more impossible of hurried realization
as diversities of opinion develop. Time must
be allowed for the comparison and maturing
of views; and sentiment seems to be drifting
in favor of the appointment of national COM
mission of eminent experts, who shall hear
witnesses and report conclusions at the next
session of Congress. There is much to be said
in favor of that course. especially as Congress
men are imperfectly informed on the ques
ton, and as this method of treatment might
develop the mature Judgment of those best
qualified to counsel better than any other.
But the deranged condition of the Treasury
finances and especially of the gold reserve is a
lively needs to be enacted at the pending SEES
sion of CONGRESS, and it is hardly conceivable
that the Administration will fail to urge the
adoption of law to that effect at an early day.
That being accomplished, the more acute and
urgent difficulties will be overcome, and the
question of retiring the legal tenders and fill
ing their places with bank notes can be well
allowed to stand over for year without any
immediate serious inconvenience. That is in