Staunton spectator and vindicator. [volume] (Staunton, Va.) 1896-1916, 1897-08-26
GRAIN TRADE AND CROPS.

The Cincinnati Priea-Current of last
Thursday says
Rains have occurred the past week
in various sections in the West where
they they were urgently needed, but
have not prevailed to the extent which
the general situation has called for. In
tie lower Missouri valley region, and
TO quite wide extent in Kansas, as
we'll as considerably in Iowa, and fur
ther eastward, there have been good
rains, furnishing important relief to
corn. But much of this crop in the
surplus States is yet in precarious or
uncertain condition, and must neces-
sarily be deficient in yield. AS a whole
the corn crop is not in more promising
situation than week ago, and. posi-
bly, is somewhat less encouraging.
In other features of the crop situa-
ton there is little that is new iii the
weeks information. The later advices
concerning spring wheat do not sug
gest probable curtailment in calcula
tions beyond what has been previous
ly recognized; in fact the apprehen-
sions of unfavorable influence OF recent
conditions affecting the wheat crop in
the Northwest appear to have been
more extreme than current develop
ments confirm
The advanced price of wheat, it is
believed, will encourage free selling as
the grain is threshed in the Northwest.
The situation is SO much better than
looked for that there will be much in
clination to secure as a certainty the
remunerative returns thus available,
irrespective Of the speculative senti-
ment contemplating a fun Their decided
advance.
In the winter wheat regions there
has been fairly liberal marketing of
wheat of late, responding to the call of
aillers and the unusual demand for
export. In many instances the inclina-
ton to sell has lessened as the market
has advanced, while in others the cur
rent prices have been quite freely &C
cepted.
1t has been observed by the Price
Current that recent information in re-
gard to oats has been suggestive of a
somewhat better outcome than had
been looked for, in many instances,
and that quite likely the yield would
prove to be larger than heretofore cal
culated. This view appears to be con
firmed by the late advices, as to yield,
which it may be observed that with
the fuller opportunity for judging as
| to quality the average in this partic-
ular is more or less Disappointing.
The wheat market has apparently
been giving recognition to the excited
view of the situation which has pre-
| vailed in English and French markets.
| and the week closes with remarkable
advance, and the probable tendency
| to follow can only be a matter of con-
lecture. 1t does not seem to bea fam
| inc year in food products, by any
| means, and ere the year ends there
may be disclosed quite an abundance
of breadstuffs FOR all requirements.
The corn market has gained some
strength. but has not kept pace with
wheat. The closing price of wheat at
Chicago for September is equivalent to
| $1.47a per 100 pounds, and for corn 515
cents per 100 pounds-giving to wheat
q price value of $2S7 in comparison
with $1.00 for corn, for equal weight of
| product. It is manifest that something
| is out of joint, or that the past relation
of such products has not been consis-
tent.
September wheat at Chicago closed
at the highest point OF the
week, 7sc above the lowest point, and
7c higher than a week ago.
Corn ct Chicago FOR September clos
ed &c below the highest point of the
week, 18c above the lowest point and
lie higher than week ago
Wheat receipts at primary markets
were 100000 bushels for the week
against 5.541 900 the preceding week
and 1924, 900 last year.
Corn receipts were 5,403, 000 bushels,
against 6.03S. 900 the preceding week,
ard 5,291 600 last year.