Staunton spectator. [volume] (Staunton, Va.) 1849-1896, 1896-05-27
Grain Trade and Crops.

The Cincinnati Price Current OF last
Thursday says
"a careful consideration of all the
evidence in regard to the later position
of the winter wheat crop does not
justify the view that the average of
expectations as to yield has been ad-
it is quite doubtful if it is maintained.
large part of the area compares favor
ably with last years condition, and
that much of it is in strictly good
shape. but there is so much that is al
most or quite total failure that the
chances are that the surprises this year
will be at the shortages and not the
excuses of yield in comparison with
expectations.
In that portion of the winter wheat
crop west of the Mississippi river the
conditions have been less unfavorable
the past week than just previously,
and fairly good outlook prevails.
From the Red River valley region of
the Northwest the information is more
emphatically of discouraging nature
with reference to chances for the
wheat crop than heretofore, and not.
withstanding all that is known of the
marvellous possibilities of that soil and
climate it must now be accepted that a
great shortage is certain beyond ques-
ton.
: In other portions of the spring wheat
region the average situation is encour-
aging, and with some increase in area
there may be results which will par
TALLY make up for the deficiencies of
North Dakota and Northern Mime
Sofa,
The corn crop continues to be at
tended with encouraging conditions,
and there is little room for complaint
from any direction. The oats crop is
generally in favorable position. The
recent rains have bettered the condi-
ton of grass lands, and good hay
crop in the West now seems to be
assured. The good outlook for fruit il
we'll maintained, although somewhat
modified in some instances.
The wheat markets have not had
wide fluctuations during the week
and moderate tendency to a lower
position has been disclosed, the May
price at Chicago getting below 60 cents
on Tuesday, from which there was
some rally on yesterday, the croE
advices appearing to have more of al
unfavorable complexion. Without &
decided impairment of crop prospects
there is not much in sight to encourage
expectations of essential advance il
the near future, with the slack expor
demand and surplus remaining in thi
country.
The -four trade is lacking activity
and prices are easy, but dealers are no
disposed to press offerings, and in fac
the movement would hardly be increas
ed even by concessions, for the con
Stunning trade seems thoroughly settlet
in the policy of covering only curren
requirements, there being little con
tention as to prices in transaction
effected.
The corn and oats markets are with
out new features of Importance, tn
offerings appearing to be ample, an
the lack of speculative sentimen
precludes expectations of advancin
tendency in the near future.
It is not difficult to understand NJ,
Carlisle's position on the coinage que
ton, Notwithstanding the populisti
tency and worse. The whole argl
recent statement Of his position, t
wit: II am opposed to the free coinag
of either gold or silver, but in favor {
unlimited coinage of both metals upo
terms of exact equality. No discrin
ination should be made in favor of or
metal and against the other; NJ
should any discrimination be made
favor of the holders of either gold I
: silver bullion and against the gre,
body of the people who own 9TH
kinds of property" The advocates
! free coinage appear to be under tt
delusiOn that it costs nothing to col
money, whereas it is very expensiv
, operation. The government shouI
either coin on it's own account, or,
Justice to the great majority who hal
no metal for coinage, exact the prop
seignorage. The government has
printing office and prints its Congrt
sioaa0z Record. 1t would be as reaso
able for the owners of newspapers
the country to ask the government
print their newspapers free as it is +
the owners of gold and silver bnllie
to ask that their comparatively dc
mant values be given a commerce
| availability at the expense of Il
public.-Peters6at2g Ipder-Appeaz-