Staunton spectator. [volume] (Staunton, Va.) 1849-1896, 1896-01-08

prices which seem a. yet to find no perma-
nent foundation for an advancing tendency.
The visible supply statement disclosed .
very moderate gain in wheat for the week,
which was looked for, in view of the reduced
receipts. This feature, with change to low
er temperature toward the close, had some
strengthening influence on speculative senti-
fment, and there Is noticeable improvement
in the closing price compared with week
ago, with perhaps more of shaping favora-
BILE to higher values than has been apparent
for some time past.
In the corn trade there is no important
change to note. in any feature. tt. .-educed
receipts had little or no influence on tradins
sentiment.
December wheat at Chicago closed at
the highest point Of the week, BIC above
the lowest point, and 2ac higher than week
ago.
/ Corn at Chicago for December closed 4c
below the highest point Of the week, 4c above
the lowest point, and &c higher than week
ago. =
Wheat receipts at primary markets were
$3.50, 600 bushels for the week, against 1922
600 the preceding week, and 1.559;00O last
year.
Corn receipts were 2,Sos, 600 bushels. against
1925, 900 the preceding week, and 1855 900 last
year
FINANCIAL.
The following is an extract from the Fnan-
cial review of Henry Clews & Co., Of date
January 4th:-
IF any real apprehension has been felt
about the possibility Of the Venezuela dispute
towards removing that feet ~ his selection
OF members OF the Commission charged with
inquiring into the validity Of Venezuela's
claims. The high character Of those gentle
men, for legal learning and knowledge OF in.
ternational law, as we'll as for their judicial
lmpartiaiity and honor, gives the best posi-,
BILE assurance that their report will accord
with the facts and justice Of the case; and
that affords the best possible assurance of an
ultimate pacific settlement OF this anxious
question.
The banks and the United States Treasury
are bound together inseparably at the present
time. United they stand, divided they fall.
United States legal tender notes are to the
banks what blood is to the human body. If
the blood becomes fouled the body is sure to |
be inoculated with disease. So with the legal |
tender notes-if they are not kept in sound |
condition the veins throughout the banking |
system imbibe the virus attached to them.
The banks and the Government must pull /
together until they can safely pull apart, and |
that they cannot do until we obtain gold
enough in the country to take the place Of the
legal tenders. This devoutly to be desired
condition will in all probability come about
in the course of few years by the increase of
our precious metal production. In this coun-
try the hunt is now for gold and not forfilyer.
The former is in fashion-the latter is not.
This is an age of invention-necessity inspires
inventive genius. Until recently, mines with
ore that did not produce several ounces of
gold were unproftableto work; but, with the
new machinery and appliances, ore from
extracted is now remuneratiYe. This 10 the
principal reason for the increased output of
,old. 1t will surely bring about gold infla-
ion not unlike that caused by the discovery
If gold in California in 1897