Staunton spectator. [volume] (Staunton, Va.) 1849-1896, 1895-02-20
COMMERCIAL And FINANCIAL
THE GRAIN TRADE-CROPs. &c.

The Cincinnati Price. Current of February
14th, says:
I'm regard to grain crop matters there is lit
tie at this juncture which correspondence can
bring forward. Cold weather has prevailed
the past week, with SHOWS, and the market
ing of products in some instances has been re-
tarded, and this has been the case with grain
to considerable extent, while additionally
there has not been in sight prices sufficiently
satisfactory to make an inducement to sell
where there has not been necessity
While the wheat crop is generally wel-pro-
tected with snow there have been some regions
in the West notably in Kansas, where there
have been some recent drawbacks from ex-
posure and effects of hard winds.
The severity of weather conditions now be-
ing prolonged to an unusual extent in the
Central States has served to enlarge the re-
quirements for feeding material, and this will
likely have some influence on the future of
commercial supplies of corn.
The milling demand for wheat continues
good, the interior mills being obliged to re
strict operations through the small offerings,
the -four markets would justify. Under such
conditions flour stocks are steadily declining
In the wheat trade the situation has been
devoid of anything especially new during the
week, and the changes in prices have not
been very decided. At Chicago the market
closes moderately lower than week ago for
future deliveries. The interior marketings
IL h,,f tha
duction in the visible supply was not such as
to be significant. which is evidently due in
large measure to the fact that most of the
public warehouse stocks are held against con-
tracts for future delivery. and prices asked
for cash wheat are too extreme relatively to
admit of free purchases by milers or for ship
ment.
May wheat at Chicago closed 1c below the
highest point of the week, &c above the
lowest point, and &c lower than week ago.
Corn at Chicago for May closed lac below
the highest point of the week, lie above the
lowest point, and &c lower than week ago.
Wheat receipts at primary markets were l.
768, 900 bushels for the week, against 1,0S9,000
the preceding week, and 2, 304 900 last year.
Corn receipts were 1, 142, 900 bushels, against
1,2l7, 900 the preceding week, and 1929 900
last year"
FINANCIAL.
The following are extracts from the finan-
cial review of Henry Clews of date February
10th =
The loan contract bears an
air of serious purpose. 1t includes dimly de-
fined provisions which suggest something
more than transient negotiator's operation
for the reward of a round profit and then
leaving the luckless borrower to whatever fate
betides. The work undertaken by these
Kings of Finance involves some very broad
commitments and some tasks which befit only
the boldest and most resourceful commanders
of capital. Such fnanciers understand the
significance of an undertaking to repair the
badly impaired finances of great and vigor-
GUS nation. They appreciate the prestige of
saving a nations credit, and are not likely to
administer a momentary palliative and then
leave the patient to perish. They work for
high prestige as we'll as for high profit. They
comprehend that there is such thing as pa
triotic gratitude. and are aware that a nation
saved from the verge of monetary degradation
is not likely to forget its benefactors.
Il 4 X
1t is easy to perceive how, under such cir
cumstances, the worlds leading bankers may
see, in the restoration of our finances and GU
salvation from the silver peril, much more
than mere profit on large negotiation. 1t
is easily conceivable how they may regard the
restoration of American finances as a great
step towards the revival of confidence an en-
erprise throughout the world at large,-a full
crum for lifting universal confidence to a
higher elevation. Upon this assumption, we