Staunton spectator. [volume] (Staunton, Va.) 1849-1896, 1895-10-16
COMMERCIAL And FINANCIAL
THE GRAIN TRADE-CRoPs, sc.

The Cincinnati Price Current of October
| 10th says
mo essential relief has been experienced
the past week in the drought regions of the
West and the general position of agricultural
interests is without much change. The pro-
| longation of waiting for rains in order to &C
complish the expected extent Of autumn seed
| ing of wheat has lessened the chances for an
area equal to last year. and 1t now seems
doubtful if reduction will be avoided, al
though the work of seeding is still in progress
in some localities, and expected to be accom-
plished in others if the weather in the near fu
ture be favorable. Disappointment with re
ference to an improving tendency in prices
has operated to discourage wheat seeding to
more or less extent, notably in regions west of
the Mississippi river, while eastward the
| principal factor in the case is drought.
| The wheat which has been seeded is in ir
regular condition. In many places it is favor
| ably spoken of. In other instances the lack
| Of sufficient moisture is retarding the gernin-
| alton and growth. But these are not features
| of essential Encouragement with reference to
ultimate possibilities. In some localities
| there have been drawbacks from fly in the
early growth, and chinch bugs are complain
| ed of in other instances.
| There is continued general expectation of
low prices for corn in the surplus States, and
to an extent and upon such basis as seems
| likely to induce speculative interest in this
grain which may have an influence before
many weeks in bringing about higher values
| for this grain.
The market situation of wheat has not dis
closed anything calculated to bring about a
speedy shaping of an upward tendency in
values. The week closes with a decline COM
pared with the situation week ago, but the
market is more steady than manifested with
in the earlier portion of the period.
December wheat at Chicago closed 1sc be-
low the highest point of the week, 15c above
the lowest point and 1sc lower than week
ago.
Corn at Chicago for December closed &c
below the highest point of the week, 4c above
the lowest point, and lie lower than a week
ago.
Wheat receipts at primary markets were
g. 900 bushels for the week, against GILL;
600 the preceding week, and 4,640,000 last
year.
Corn receipts were s, 1925, 900 bushels. against
2,94I, 900 the preceding week, and 1,051, 900 last
year,
FINANCIAL.
The financial review of Henry Clews of the |
18th concludes as follows
"Home conditions affecting the market are |
generally favorable. The business of the |
is proceeding upon conservative but fairly |
profitable basis. The business of the railroads |
continues to gradually improve, and the in
crease of $3.50, 900 IN last months receipts of |
the New York Central is regarded as AN en-
couraging symptom. The conferences among
the Western roads, with a view to stopping
rate-cutting, are progressing favorably to-
wards some form of agreement. The rise of
25 cents per ton in the price Of coal is faYora-
BILE to better results for the coal roads. The
movement of produce to the seaboard is now
fairly under way; which means not only bet
ter earnings for the railroads. but also freer
supply of exchange against grain and cotton,
and further decline in rates for sterling.
The large outflow of currency to the interior
is healthy symptom, and is gradually put
ting up the rate of interest towards q normal
scale, which has been much needed as a
means of insuring more wholesome regula-
ton Of the gold movement