Staunton spectator and vindicator. [volume] (Staunton, Va.) 1896-1916, 1897-09-30
GRAIN TRADE AND CROPS.

The Cincinnati Price-Current of last
Thursday says
The past week has marked welcome
change from the conditions of high
temperature and lack of moisture pre-
viously noted. Quite general rains,
prevailed early in the week. although
not to the full extent which the situa
ton made desirable. These rains have
in most sections admitted of renewa
and active progress of work incident to
autumn seeding operations, and farm
ers have taken advantage of this op
| portunity thus afforded. 1t is thus
made practically certain that the seed
ed area under wheat will be greater
than last year. Should there be fur
| Their rains, but not excessive. in the
| near future. very decided gain in the
wheat area will be shown.
| The rains have given some relief to
pasture but not to an important extent,
as the prolonged deficiency in moisture
4 and extreme heat served to put such
lands in condition beyond immediate
restoration. This has resulted in more
of grain feeding to stock than would
have been the case had the pastures
been maintained.
The corn crop is now practically all
so advanced in the curing process that
froste can serve no unfavorable pur-
pose While large proportion of the
crop has matured we'll there has been
such considerable extent of the late
paintings which have been unduly
ripened or cured by the recent heat
and dry weather, without reaching
conditions of maturity, that there will
be more than ordinarily of chaffy grain
from the new crop.
The deliveries of grain and other
produce by farmers have been and are
now being curtailed in various sections
by the activity of attentions to seeding
work. In some instances there have
been more free offerings of wheat, un
der weakening of confidence in the
future of the market. But the pre-
vailing temper among the farming in
terest is to hold wheat for a dollar
which is not now obtainable.
The situation with reference to wheat
supplies is without notable change.
Some variations in the estimates and
calculations of writer's upon such ques
tions are being disclosed, but no really
new light has recently opened to view
The locusts have not yet destroyed the
Argentine crop. If they do so ulti
mately the effect will be important for
a time upon market values, but the ef-
feet upon the food supplies of the
world will not be so very serious.
So far as yield Indications are con-
cefned there is no change to offer eth.
er for the wheat or corn crops. The
Price Currents approximation of 540.-
600, 900 bushels for wheat, and 1.750,.
600, 900 for corn, appear to be generally
recognized as fairly representing the
indications on available information.
. The statistical features of the wheat
trade have been maintained in support
of a confident view of the situation
the markets, however. have been some
what lacking in strength, and values
, 1t may be noted, also, that some of the
markets are accommodating stocks Of
-four, under slack trade, and interior
millers are not finding ready opportu.
nifty for converting their product into
money on a basis admitting of profit
under the existing prices asked fol
wheat-therefore they are shipping il
for warehousing, and obtaining ad
vances, in anticipation of better prices
later on.
! December wheat at Chicago closed
&c below the highest point of the
week, &c above the lowest point, anG
, &c lower than week ago.
: Corn at Chicago for December clos
ed &c below the highest point of the
week, 1sc above the lowest point anG
&c lower than week ago
Wheat receipts at primary markets
were $1,000 bushels for the week
against 6,965.000 the preceding weei
and $751;, 900 last year.
Corn receipts were 7,5O3, 900 bushels
against 8,588, 900 the preceding week
and z, 409. 900 last year.