Staunton spectator. [volume] (Staunton, Va.) 1849-1896, 1895-09-04
And FINANCIAL
THE GRAIN TRADE-CROPs, SC.

| The Cincinnati Price Current of August 18th
| says
| "Copious rains have fallen to a wide extent
within the week, including many sections
where drought had been prolonged and
severe. Important relief will be experienced
in various ways But the influence of moist
ure now on the corn crop where it has been
blighted with heat and drought will not be
importa Mt. This applies to large areas in
| Ohio, Indiana and Illinois, in which States
the crop will fall much short of the earlier
calculations. In portions of Iowa, Nebraska
etc., important curtailment of yield has also
resulted from heat and lack of moisture.
| Without the confirmation of specific inves-
| tigation and calculation by States in regard to
| yield of corn, careful view of the situation
in general way gives little encouragement to
expectations of much if anything in excess of
1000, 900, 900 bushels for the entire crop. This
| would be a large production-reached in only
| three instances, 1888, 1889 and 1891. For the
| past five years, ending with the crop of 1894,
the average annual production was but little
over 600, ZOO, 900 bushels. and for the preced-
| ing five years an average little over 1.800.-
600, 000-for the ten years, an average of l.
| 715, 100000 bushels.
| Other crop conditions appear to be without
notable change. The rains will serve to i'm
prove pasture and to facilitate blowing opera
| tons. They have also interfered to some ex-
tent with the movement of grain in various
Western regions
| The information from the Northwest this
| week appears to give support to fuller calcula-
tons concerning the seasons production of
wheat in that region than have been general
| ly accepted. An analysis of this information
| indicates that the difference in conclusions is
due more to variation in acreage basis than
| to difference in estimated average yield per
acre.
If the three States of Minnesota North Da-
kota and South Dakota have in fact produce d
| 1855, 900, 600 bushels of wheat this season. the
| entire area Of the spring wheat crop must be
expected to represent fully 20o, 100000 bush
els This would admit of reduction of esti-
mates OF the winter crop to 225, 900, 900 with
out getting below 425 900, 900 as the indication
for the entire crop.
The wheat markets have been weak, and
have further declined a condition apparently
at variance with calculations having reason
able basis. Various causes have been sug-
gested as having contributed to such results
among them the anticipation of unfavorable
influence from the early movement of the
large quantity of wheat in the Northwest
and the manifest interest that elevator own
ers have in securing low position of values
with which to start the seasons operations.
Corn has also declined, Notwithstanding
the further evidence of injury to the crop in
the central regions, and appears to have
touched an unreasonably low point, especial
ly for the far futures.
September wheat at Chicago closed 3sc be-
low the highest point of the week, &c above
the lowest point and 25c lower than a week
ago.
Corn at Chicago for September closed 1sc
below the highest point of the week, &c above
the lowest point, and 15c lower than a week
ago.
Wheat receipts at primary markets were
2,914, 900 bushels for the week, against $685.,
600 the preceding week, and 1851 900 last
year.
Corn receipts were 1885, 600 bushels against
2,725, 900 the preceding week. and /, 221 900 last
year"