Staunton spectator and vindicator. [volume] (Staunton, Va.) 1896-1916, 1897-02-18
GRAIN TRADE AND CROPS.
The Cincinnati Price-Cnrrent OF las

The Cincinnati Price Current OF last
Thursday says
Tba temperature has been milder the
ma at week. with more of snow IN many
Sections of the central and western re- |
oions. The wheat fields have Tor the
most; mart been protected so that Tie
freezings have unfavOrably affected the
cron 10 a limited extent there Is re
norted covering of ice over the nelos,
which condition if continued any
length of time would lead to BAD re-
snIts. Taken as whole there Is niue
That is new to be said in regard to the
growing crop, and the possibilities COIL
Time in favor of good results.
Ina few localities, the offerings OF
vhaat have shown some increase, ouI
J as q rule they continue quite restrict
| cd while the condition OF tne Ao ~
, trade has been such as to mooiiy 'ie
demand for wheat in many OF bne III
terror points. The reduced supplles "
3 winter wheat flour have had 1uluenoo
Lot for This product, but spring wheat
, Aonr is abundant and appears TO De
somewhat crowded upon the attentioh
t of huvers.. The general position OF inc
trade is without much change.
The western offerings OF corn con
!+inne free generally, even at the cur,
ront low figures. The recent haro
II freezing weather served to improve the
condition of the grain to some ex!eh'
e whera il was in too moist condltlon
|. Int there is a large part OF the crop II
D. Iowa which is not in merchantaois
" condition. and can not be mace SO
:. Such grain must necessarily go to Tn
n II might be asked why should farm
is ers sell corn at such low prices Whei
o the current and prospective values
hogs and cattle afford much peCCe
~ return. To this the reply IS thaI thel
~ is not stock enough in reach or IN pfos
e, pect to consume the surplus ooiA ~
to fore another harvest.
Whatever NAV be the situation {
Cd wheat supplies elsewhere in the wori
IT and their influence on market prlce
rs r. is reasonably clear that this counur
av can furnish as much for export 1rol
This time until July as was exporte
" last year during the corfesponaoolnnl
In period-which represented 4f'ooo.o'
" bushels for five months subsequent
ITO February l. This would imply apo,
40 600 OO3 bushels of exports for u
Iei wear in excess of the quantity cleare
me during the preceding year. = :,
to The prevailing tendency OF u
led wheat market the past week Has oe'
oo moderately toward higher prices, WI!
W. out developing ANY especially sign
he cant now argument IN support OF
ey, IRENE changes. If the prospect shou
low be maintained for the winter crop a.
81 the spring seeding should be enlarge
as now appears to be likely, the qu
at ton may arise as to why the new or
'cu- prices should be expected to mater
nts " advance if not brought about
conditions in other portions OF
eo world. And why should prices pr
I'M to the new crop be higher than for
Did, new grain?
q of Nav wheat at Chicago closed l3c
ion low the highest point OF the week,
,,oh above the lowest point, and ltc mig
~ uon than a week ago.
lille Corn at Chicago for May closed
part below the highest point OF the we
said 2ac above the lowest point OF the we
49,, and 5cs lower than week ago.
iuei Wheat receipts at primary MARI
the were 100000 bushels for the W
llty, against ], 1S7, 900. the preceding y"
so and 2. 966 900 last year.
Corn receipts were 5,S2l,O0o pusI
Wy against 1928, 900 the preceding w
nit and 2,O54, 900 last year.