Staunton spectator. [volume] (Staunton, Va.) 1849-1896, 1895-02-27
COMMERCIAL and FINANCIAL
THE GRAIN TRADE-cRoPs, sc.

The Cincinnati Price Current of February
2lst, says:
the marketing of grain continues on a
small scale, not only at primary markets but
also in deliveries to interior millers, who con-
tinue to find difficulty in providing for their
wants, and in various instances are placing
orders in prominent markets. 1t is safe to
say that millers holdings of wheat and stocks
of flour are being steadily lowered. There
are, however, some indications that the offer
ings of grain may be somewhat enlarged in
the near future, but more pronounced de-
crease in the visible stocks of wheat may soon
be looked for.
The wheat spectators have secured another
low record the past week, with May wheat at
Chicago at 515. from which there mas follow
ed decided rally, but the close is 4c lower
than week ago. The trade at large is evil
IDENTIFY about as unsettled concerning the prob
abilities for the future as at any previous
time this season. While the visible supply is
confidently expected to be more rapidly re-
duced, the primary receipts to continue rela-
lively small the demand from millers to
possibly enlarge. the weather conditions of
the next thirty days to furnish misgivings as
to the basis for the new crop and possibly
other factors to count in favor of the holding
interest, the prevailing belief is that there is
wheat enough available to readily meet every
requirement on the present CROP and that
any positive impulse toward higher position
of values can hardly be expected for weeks to
come and possibly OF until the new crop
year has been oyertaken.
May wheat at Chicago closed &c below the
highest point of the week. lie above the
lowest point, and 4c lower than a week ago.
Corn at Chicago for May closed &c below
the highest point of the week. 1sc above the
lowest point, and &c lower than week ago.
Wheat receipts at primary markets were
996, 600 bushels for the week. against 176S 900
the preceding week, and 1,S41 900 last year.
Corn receipts were ,02I 900 bushels, against
l,142.O0o the preceding week, and 3.172,OO0
last year."
We extract the following from the financial
review of Henry Clews of February 23rd,
which is of quite an encouraging character
Wall Street is fairly taken by surprise at the
stupendous success attending the Syndicate's
negotiation of the new Treasury Loan. Two
weeks ago, all was in the gloom of utter I'M
certainty as to whether the Treasury could be
kept afloat. or it must sink from lack of res
cue. Now, the status of the public credit is
elevated before the world by bids for ten
times the amount of bonds offered and by
the fact that the major part of the 'subscrip-
IN il adj in 10
markable for its revelation of the large
amount of capital seeking employment as it
is for its evidence of the still high standing of
our national credit. The result so far exceeds
all that Wall Street has been anticipating,
that it is taken b. surprise by the sudden ap-
pearng of new situation, for which it has
not been prepared, and the utilization of
which it has as yet no immediate plans.
There, however can be no second opinion as
to what all this portends, There is no place
for clearing" and buying must henceforward
be the order of speculation, backed by large
reinforcement of confidence in London and
on the Continent. Indeed, we take it that
the events of the past week will strike the
keynote for revival of confidence the world
over, and for general recovery of business
that has been held in suspense for the last
three years. We may expect to witness at an
early day, the effects of the marshalling of
of men of capital for promoting a lively spec
ulative campaign; but, during the interval of
preparation by those leaders. the market may
not show any especially striking changes.
\ X X
The immense subscription in London to
the current bond loan is an evidence that for
eigners have higher estimation of the intrin-
sic worth of United States Government bonds
than we have in this country. The signal
success in floating this loan clnuot fail to
lead the way to revival of confidence in
American railroad securities which are now
down to prices that should make them look
inviting. for speculative ventures at least.
The speculative spirit IN all the European
money centres is rampant. as we have indi-
Gated from the African gold craze The silver
movement in the Senate as come to an end
not only without serious consequences but
with significant symptoms of its growing
weakness; which will afford an opportunity
for other important measures to be called up,
including the Pooling BILL which, together
with the appropriation bills, will about fill up
the short time remaining of this wretched
Congress, tn ending of which will terminate, (,
to a very large extent. the suffering of almost
every household throughout the land 1t
would certainly appear from all present indi-
cations that better times are at hand
StauntOn m arAetS.
>rEcTsr''e OFFICE
STANTON. Va. Feb 18th is!5