Staunton spectator and vindicator. [volume] (Staunton, Va.) 1896-1916, 1897-09-16
GRAIN TRADE AND CROPS.
The Cincinnati Price-Current of /


The Cincinnati Price-Current of las,
Thursday says
The week has been lacking in mois-
ture in most of the Western agricul
tural regions, and the conditions affect
ing corn from the dry weather and re-
cent heat. attended with hot winds in
portions of the western area, have not
been favorable, the effect being to
hasten the ripening process while the
grain is in an immature state. This
will result in lessened yield and inferior
quality of the grain The DIR weather
conditions prevail with varying sever
ity of influence throughout all the corr
belt.
In the Price Current last week was
submitted statement that the indica
tions in regard to the corn crop did moi
encourage expectations exceeding 1,
750, 600, 600 bushels A careful review
of the situation in detail by States
from the later evidence of special ano
other available Information, confirm'
the approximate accuracy of l, $1,000.
600 bushels as an indication for the en-
tire crop.
The dry weather has interfered with
blowing operations to considerable
extent. It is manifest that the West
has planned decided increase in the
autumn seeding of wheat. Whether
this will be accomplished or not viii
depend upon the question of rains ir
the near future. There is yet ample
time.
Another influence of the lack of mois
ture has been the drying up of pasture
in many sections, as well as sources OF
water supply for stock, resulting in the
movement of stock to market which
| would not otherwise be disposed of a:
this time.
The week has given little of new in
dication in regard to the spring wheat
yield in the Northwest. The later in
| formation from our own correspond
ents and from other sources does no,
set aside the previous evidence of dis
appointing results in yield. We fine
no occasion for change in views as tC
the extent of the total crop, at approx
imately $40, 100000 bushels. This, will
| &C, 900, 900 for Canada, will undoubtedly
afford 200, OOO. 900 bushels or more fol
expectation during the year.
The hating condition of the wheat
market has had an influence in retard
ing the offerings of wheat in many in
stances in the interior. The farmers
had been so confidently led to believe
that conditions assured dollar bush
ell to them that they have been unwill
! ing sellers at the lower prices that have
prevailed.
The wheat market is liable to con
tinue to show wide fluctuations. The
accepted view of supplies is SO fully
balanced by indicated requirement.
that evidences of larger or smaller
quantities indicated in the calculations
from time to time will likely exert more
influence on the markets than usual.
1t is interesting to note the fact that
reference to early estimates in compari.
son with final calculations of European
statisticians have been on an average
deficient to about the extent to which
this seasons deficiency of wheat is rec
ognized by prominent authorities
Should similar conditions prevail with
| higher prices should induce lessened
consumption of wheat, the supply
should be expected to prove ample for
all requirements without any particu.
| lar pinch.
The Withholding of grain when il
| would naturally be drawn into market
has something of tendency to bringing
about a defeat of the object in view
| higher prices-by making the market
able supply relatively larger for the
lessened period remaining.
Should the autumn seeding be seri-
ously interfered with by failure of nee.
| essary moisture for preparation of land
| and seeding operations the esult would
be strengthening in effect on the mar.
ket.
The highest position of wheat at
Chicago for the week was reached on
the closing day, yesterday, the market
apparently having been some wheat in
fiuenced by locust talk reported in re
gard to the Argentine crop. Such in
formation may be received with some
allowance. December wheat closed 21c
higher than week ago.
The corn market has evidently dis
counted the recognized deficiency in
the crop, it being apparent that con
siderable surplus is assured, when the
reserves are taken into consideration
The week closes slightly lower than a
week ago.
December wheat at Chicago closed
1c below the highest point of the
week, Bic above the lowest point, and
23c higher than week ago.
Corn at Chicago for December clos
ed 4c below the highest point of the
week, &c above the lowest point and
&c higher tina n week ago
Wheat receipts at primary markets
were 6,537, 900 bushels for the week
against 5,939.000 the preceding week
and 5,692, 900 last year.
Corn receipts were 10, 176, 900 bushels,
against 7.SSO,0O0 the preceding week,
and 3,475. 900 last year.