Staunton spectator. [volume] (Staunton, Va.) 1849-1896, 1895-07-24
feb l
COMMERCIAL and FINANCIAL
THE GRAIN TRADE-CROPs, &C.

The Cincinnati Price Current OF July 18th
says
The situation OF the prominent crops is ia
vorably maintained IN most of the area. The
week has bettered the promise in some locali-
ties, by rain, but in other regions it is urgent
ly needed, and impairment of the outlook is
threatened, so that the general average is
probably hardly as favorable as week ago,
although not materially disturbed.
The later threshing returns are hardly so
discouraging with reference to yield of wheat,
and do not appear to further lower the previ-
Gus general estimates.
Farmers are not offering wheat as freely as
usual at this period in the season, and the cur
rent movement is light. While the situation
is one encouraging a confident view of the fu-
ture the better shaping Of the markets ulti-
mately would be jeopardized by a general and
persistent Withholding Of offerings at the har-
vest period.
The information from the North west main
tains fine promise for spring wheat although
in limited areas the situation has suffered
some impairment While there is not abso-
lutte security with reference to maintenance of
the general promise the chances are decidedly
increased with the progress of each week
which passes without essential drawback.
The returns concerning the oats harvest,
which are very irregular, as heretofore, sug-
gest that the average result in yield is fully
sustaining the previous estimates.
The corn crop has not been essentially dis
turbed in its good PROMISE although an in
IL
needing moisture to avert an impairment of
the promise.
The wheat markets have displayed a reac-
ton from the previous striking decline. but
they are much unsettled and the buying trade
is at loss as to the chances for maintenance
of an advance in values.
September wheat at Chicago closed lie be-
the lowest point, and &c lower than week
ago.
Corn at Chicago for September closed 1Bc
below the highest point of the week, &c above
the lowest point and &c higher than a week
ago.
Wheat receipts at primary markets were
1, 119, 900 bushels for the week. against 1,04o-
600 the preceding week, and 1,225,0OO last,
year.
Corn receipts were 1, 164, 900 bushels, against
1853, 900 the preceding week, and $4,000 last
year."
FINANCIAL.
The following is the concluding portion of
the Financial Review of Henry Clews of July
20th:-
inf 10
that is susceptible of much Misrepresentation
and of being made the cause of needless dis
trust. The period is approaching for the
| formal termination of the obligations ON the
part of the Loan Syndicate towards the Gov
eminent That conclusion will leave the
Treasury with stock of gold more or less in
| excess of the legal limit; bnt whether any
provision of more or less permanent nature
will be made to protect the reserve against
Withdrawals of gold for export has not yet
| been formally made known. The reputation
of the Syndicate and the large corporate I'M
dertakings to which its members have COM
mitted themselves in consequence of the re-
covery of confidence make it inconceivable
that the great bankers should permit the
Treasury to lapse back towards its late embar-
easements. The consequent suffering to the
Government and to the country and to our
foreign credit, in the event of such relapse,
convey the strongest possible indirect assur-
ance that the members of the Syndicate will
yet find the means of guarding the Treasury
by some permanent form of protection. But
there is always a class who. under circum-
stances that call for faith in honor and pa
triotism, are disposed to foster distrust and to
suggest pessimistic apprehensions. The
''bears" may be expected to follow such
tactics at present. and there will be a class of
timid ignorant and disaffected people who
are disposed to follow their lead, and the
more so should they see gold factitiously ex-
ported in order to excite this sort of distrust.
There is one fact, however, that will weigh
more in the scales of common sense than all
these 'bear'i overwhelmingly that, since
the Syndicate contract was undertaken, par
ties to that contract have become sponsors for
$780, 900. 900 of our securities which they have
transferred to European investors, and are
likely to still further augment those negotia-
| tons.
| All things taken into consideration the sit
uation is still one that calls for prudence in
buying at least until aggressiveness is trans
fered from the ''bear'' side to the 'bulr' side
of the market.
The Court of Appeals has refused to
interfere in the case of Philip Nicholas,
convicted of double murder in Hen
rico county and sentenced to be hung
July 25th.
A wind-storm struck st. Clair, Mich,
Friday. Several yachts were oYerturn-
ed in the river. VIM. Lees two chill
dren were crushed under falling
chimney.
President and Mrs. Cleyeland have
decided to name their youngest child
Marion. The other two are named
Ruth and Esther.
The Toronto (Ont.) school board has
refused to condemn female teachers
who wear boomers.
| 81. Fl. Holmes, alias Herman Mud
gett, has virtually confessed to the
murdQr Of tho two PifzoI obi1drop