Staunton spectator and vindicator. [volume] (Staunton, Va.) 1896-1916, 1897-07-29
GRAIN TRADE AND CROPS.
The Cincinnati Price Current Of la
Thursday saws

The Cincinnati Price-Current of last
Thursday says
The past week has for the most part
been favorable one for agricultural
interests. Harvesting operations have
become far advanced in the winter
grain regions, and the grain has most
ly been secured in good order. Thresh-
ing has progressed actively, and wheat
has been sold with fair degree of
freedom, but the lateness of the harvest
and the calls of nearby milling con
Germs have prevented anything like Ii
beral quantities getting into the COM
mercial channels, these mills absorbing
the bulk of current offerings.
There has been so much talk of the
worlds wheat shortage, and the sup
plies in commercial channels have been
reduced to SO low a point, that the
wheat growers have naturally become
confident In their views, and as indif-
ferent about selling as their necessities
would admit Of. Quite likely this con-
dition has been encouraged more OF
less by Spectators. who look forward
to time in the near future when the
influence of the spring grain will be
felt. which with the less urgent cur
rent calls from interior millers is count
ed as likely to be attended with easier
markets, favoring the short sellers on
the bulge now experienced and de.
veloping.
There has been good deal to give the
wheat holders courage, one feature OF
which is the almost uniform excellence
Of the quality OF grain this season,
which gives it favor in the export trade,
and the foreign markets will fix the
wheat prices the coming year as de
cidedly as in any recent year. The
fact is the farmer is now being offered
more for his wheat in most localities
than he really expected, and this adds
| to his reluctance at selling.
The information concerning the
spring wheat crop is not so uniformly
assuring as heretofore, and some disap
| pointments are now developing which
may modify the calculations as to thit
portion of the crop.
Taking a general survey of the situa
ton, with the chances still in favor Of
a large outurn of the spring wheat
crop, and possibilities of crops in othe1
countries exceeding the calculations
now currently promulgated, to bt
made known later on, it wodld seem tC
U0 bOO mUcu W cApoCG tudU tu0 dUVduC
ing tendency 80 decidedly shown in the
recent past is to continue much farther
| without reaction of a more or less posi-
tive nature.
The corn crop has been progressing
we'll the past week in most regions, but
careful reading of the available in
formation encourages the view that
while the past few weeks have served
to do all and more than could have
been expected in overcoming the draw
backs with which the crop began, there
is remaining much to suggest that al
approach to a full yield is not to be
reasonably expected.
September wheat at Chicago closed
| 4c below the highest point of the
week, 7c above the lowest point, and
Tic higher than a week ago.
Corn at Chicago for September clos
ed 5c below the highest point of the
week, -4cssabove the lowest point and
5ca lower than q week ago
| Wheat receipts at primary markets
were 1 81, 600 bushels for the week
against 1871 900 the preceding week
and 8. 1921, 900 last year.
Corn receipts were Q, 752. 900 bushels
against 2, 780, 900 the preceding week
and !. 64S. 900 lastyear.