Staunton spectator. [volume] (Staunton, Va.) 1849-1896, 1895-06-12
COMMERCIAL AND FINAN ClAb

The Cincinnati Price Current of June 9th,
says:
sit is difficult to describe with approximate
reliability the situation of crops, and partic-
ularly so with reference to wheat. The evil
dences of damage to this latter as disclosed by
the later correspondence is perhaps even more
positive than previously indicated, so far as
| the central regions are concerned. In con-
sidering all such information, however, it
| should be borne in mind that the crop is in
| good promise on the Pacific coast, as well as
in many portions of the area east of the
| Rocky mountains. Also; that the reports of
damage or disappointment generally and nat
urally are sounded more conspicuously than
those of more satisfactory nature. That
the winter portion of the crop is to be greatly
deficient is a foregone conclusion. Moisture
now can only serve in making plumper
condition of grain than might otherwise be
realized in some localities.
| Late rains have been beneficial to corn and
other spring crops, and the general position is
fairly good, although it is to be noted of oats
that this crop is manifestly much shortened
by the drawbacks which have attended its
progress
The severe drought in the West has curtail,
ed the promise of the hay crop quite decided
ly, and the outlook now is for a deficient
yield.
In the grain markets the advancing ten
dency has been checked for the time-from
various influences. The offerings from first
hands have enlarged. Speculative operators
have been realizing profits on previous pur.
chases, and lessening their trading interest
awaiting more positive indications as to fu
ture shaping of values
July wheat at Chicago closed &c below the
highest point of the week, lac above the
lowest point, and &c lower than week ago.
Corn at Chicago for July closed 14c below
the highest point of the week, 1c above the
lowest point, and &c lower than a week ago.
Wheat receipts at primary markets were =
900 bushels for the week, against 1 1854 ,00C
the preceding week, and l ,423 900 last year.
Corn receipts were 3,552, 900 bushels, against
2,7OS0OO the preceding week, and $685. OC
last year."
FINANCIAL.
In his financial review of June Sth, Henry
Clews says
/ THE readiness with which new investments
are now taken is plain evidence of broad
and positive revival of credit. That recovery
means a reinforcement of all the forces of in
dustry and enterprise and the beginning of
another decade of universal prosperity. Re-
inforced, as that revival will be, by the most
advanced methods of production, this coming
ten years may be expected to surpass every
thing in the worlds experience in the way of
industrial progress and commercial expan-
sion. Enterprising men will not stand still
and obviously watch this rising wave of pros
perity Sagacious men will see in it the be-
ginnings of tide that leads on to fortune and
submit themselves to its current.
1t is much to be hoped that European poll
| tics are drifting towards more pacific condi-
tons. All the nations appear to have a
wholesome dread of war, the more so because
| their mutual interests have become so closely
| interviewer that no two can run into conflict
without danger of the melee becoming gen.
eral. 1t is by no means improbable that
Japan's victory may prove to be the occasion
of an awakening to commerce and develop
ment of the three hundred millions of dor
mant Chinese. The latest indications justify
the hope that the new situation in the East
may be determined by amicable means
There are even significant intimations that
the division of foreign control in Asis may
be determined by friendly understanding
between Great Britain and Russia, which
| would at least be conducive to the opening of
Eastern Asia to free commerce for the world.
This outlook has its value as affording a
groundwork confidence for the future larger
employments of capital For the immediate
future, however, it is not unlikely that there
may be partial abatement of the late extra
| ordinary activity in Investments