Staunton spectator and vindicator. [volume] (Staunton, Va.) 1896-1916, 1897-09-23
GRAIN TRADE AND CROPS.
The Cincinnati Price-Current of IL

The Cincinnati ice-Current OF last
says
There has not been relief the past
week from the drought conditions
which have been noted as widely pre-
yailing in the agricultural districts, ana
an unusual degree of heat has 1ntensi
fed the effect in some respects. Inc
corn crop has been fastened IN tne
ripening process. with results mol Mucn
less serious than hard freezing. rms,
OF course. does not apply to all the
crop, for much of it was in good form,
and will Weld we'll, of good qnauty
grain. The late planting has suffered.
The official statement OF condition on
September of the corn crop implies
approximately % bushels per acre az
the general average indication, which
applied to 80. COX, 600 acres would mean
about /. SAC, 200. 900 bushels for the crop.
The chances appear to favor . consio-
erablY less quantity to be shown ~
the ultimate returns, and 1,75O OO0 ,OoO
bushels NAV be regarded as fair basis
for calculations This, with the sur
plus of previous production, will very
considerably exceed the annual d1striD.
lution. The lowering of the quality OF
a large part of the crop will have some
thing of depressing effect on Market
values.
In view of the elasticity of the guam
titative Significance OF wheat conui-
ton figures it may be said that tne Of
fetal report for September admits OF .
range from about 455, OOO, 0OO TO 41o,vW,'
900 bushels as the indicatlon-tne lalg
er quantity being close to results Oaseo
Ion an average of the relation between
lSeptember returns and final yield f0E
the past five years. The crop, however
!, should not be regarded as less than
$40, OO0, 900 bushels.
4 The interior offering OF wheat are
louite moderate. Farmers have peer
led to hope for dollar q busnei.ol
more than this-much more, according
to some who affect wisdom in such mat
: tiers, The authoritative statement
concerning the worlds supplies CIV
! courage to expectations OF full price,
Ifor wheat-but the considerate observ
= er will not be forgetful of the influences
t for economy which have been set lnt'
; operation by the conditions which nav
!. been developing during some montn
e past. ,....
q ance on the Continent, and the crop !
said to be decidedly deficient. IN
!. country does not produce much OF tni
grain. but it seems somewhat anomal
= ! Gus that it should be selling az NOR
than 40 cents per bushel unoer IN
price of wheat. Something ID Out
!. line. hou
600. OOO. 900 bushels for the oats croE
= which compares with 707, 600, QUO 10
n last wear. It hardly seems likely tna
it the cron ia 40 nearly equal to last year
production. ct,
ltJ we'll maintained, but show some loss ]
week ago. In a general way there
ID little that is new.in the influence ca
ct cnlated to affect the market in the nes
in future. The speculative vision is no
b. watchful of the Argentine situation
n The corn markets also close with som
e. reduction compared with a week ae
e-I-but conditions appear to encourat
,e confidence in this grain.
~ December wheat at Chicago Gloss
IT. 44c below the highest point OF u
&C. week, lie above the lowest point. al
1Rc lower than q week ago.
Corn at Chicago for December Gle
ed lie below the highest point OF Il
week. 4c above the lowest point al
tn lie lower than q week ago
Wheat receipts at primary marke
were 6. 965, 900 bushels for the we'
lse against $751;, 900 the preceding we
and 6,8O5, 900 last year.
'se Corn receipts were 8.588, 900 bushe
1t, against 10. 176 900 the preceding wee
and 3,119. 900 last year.
-