Staunton spectator and vindicator. [volume] (Staunton, Va.) 1896-1916, 1896-12-16
GRAIN TRADE AND CROPS.

The Cincinnati Price-Current of last
Thursday says
From low temperature there has been
a change to milder condition, and some
thing of rain, within the past week.
The growing wheat crop is almost uni
| formly as we'll spoken of as heretofore,
and the general position may be re-
garded as maintaining the encourag-
| ing promise heretofore noted.
Sentiment among interior holders OF
grain confident, with reference to both
| wheat and corn-in the one instance
from the understood short supply OF
grain, and in the other from the ex-
lceptionally low position OF current
prices.
It has been suggested that holders
of wheat should be expected to sell this
grain now more freely than corn, in d
relative way, because of the high price
of the one and low price of the other.
But this most likely does not reflect
the prevailing view in the interior. for
the recognized position Of the worlds
wheat supply gives encouragement to
a possible further important advance
| in this grain, quite in contrast with
what now is regarded as chances in IA
vor of corn.
1t may be noted that in some in
stance where the owners of wheat are
believers in higher prices later on, and
are needing to realize on holidays. they
are selling at current prices, and pur
chasing futures on margin with q pof
| ton of what is realized on sales OF the
grain-thus relieving their money
needs, and at the same time securing
an opportunity for receiving the bene-
fit of higher prices if they should be
realized.
1t is observed by correspondent in
| the Missouri valley in Kansas that
times being hard and wheat -four hay
| ing greatly advanced in price. while
corn meal is as low or lower than be
| fore the advance in flour, many poor
people are consuming three times as
much corn meal as previously, and but
little wheat flour. TO what extent this
condition prevails elsewhere is difficult
to Judge. It is reasonable to keep In
thought the fact that corn can be
utilized in so many ways for food IL
| will make quite a saving in the aggre-
gate consumption of wheat flour, espe-
cially in the corn producing States,
where the people are accustomed to
the use of corn bread to more or less
| SALEuU. IuUcI1Ol oil z OOOOA sAA5
this change going on in the relative
consumption of corn meal and flour.
The general course of the wheat mar
ket has been downward the past week,
and Chicago prices at the close are 34a
81 cents lower than a week ago. Ihls
has been due to various causes-part-
| ~ the reports OF rain in India. partly
the modified tone of British markets
Or the Zine being, etc. But the posi-
ton with reference to the season ca
mains encouraging to higher prices
Corn has been relatively we'll sps
tanned, buG closes practically lower
thar week ago The movement OF
this grain is NO large, an the current
requirements f:oil commercial chan
neIs are also within moderate limits
May wheat ~ Chicago closed 4ac be
low the highest I,uint Of the week, at
the lowest poiaf. and 81: lower shan
d week ago.
Corn at Oh c9,go for May closed lie
below the his..' st point at the week,
&c above the west point OF the week,
and &c lower than II week ago
/ Wheat receipts at primary markets
were 267S, 900 bushels for the week
against 3.054.00 the preceding week,
and 6919 600 last year.
Corn receipts were 1892 900 bushels,
against 2.1G6,000 the preceding week,
and $3.50, coo last year.