Staunton spectator and vindicator. [volume] (Staunton, Va.) 1896-1916, 1897-05-13
GRAIN TRADE AND CROPS.
The Cincinnati Price.Current Of la

The Cincinnati Price-Current of last
Thursday says
The past week began with fairly sea-
sonable conditions, but the tempera- |
ture fell to the freezing point in the
central and northern regions, with
SHOWS and rain, SO that it has been a
period of variable conditions. At the
close the situation is improving, and
the outlook is more assuring. The
frosts appear to have disturbed crop
conditions to no important extent.
The wheat crop in Ohio is we'll main
tanned in average promise, and the
condition as whole favors fairly
In Indiana the situation in portions of
the State is less discouraging than pre-
viously, but there is little to support
expectations of much If any increase
in comparison with last year. In H.
linois there is no improvement in the
position of the crop, which is serious
failure, and will probably not be more
than half of last years moderate pro
ductiOn. Missouri continues quite un-
promising, and a smaller crop than last
year is indicated. Kansas, Kentucky,
Michigan, ETC., have not been lowered
| in general indication in the recent past.
AS whole, the winter wheat indica-
lions are about the same as recently
suggested.
The information from the Northwest
/ is assuming a rather more cheerful
phase, and the situation while not re-
fiecting all that could be wished is still
attended with possibilities exceeding
the crop of last year. A fairly good
start for the wheat crop has been SCI
cured in Nebraska, Iowa, most of South
dakota and Southern Minnesota. :
The conditions attending the start
ling of the corn crop are assuming fair
ly good shape, although backward, but
there is ample time yet to overcome
such drawback. The chances favor a
maintenance and possibly some in
lcrease in the area of the corn crop.
The situation of the oats crop Is so
irregular that it is difficult to reach
conclusions having any value as to
what should be expected.
il In various interior localities there
has been enlarged offerings of corn; in
other regions very little moving. There
appears to be considerable faith in
! higher prices for this grain later on. 1t
is being fed to stock instead of being
sold, where stock can be obtained for
feeding.
There is nothing new offered in re-
gard to wheat supplies, which are re-
ported low throughout all the West. !.
The wheat trade has not yet reached
a condition consistent with the calcula-
tions long prevailing with reference to
a shaping to higher prices, deemed
justifable by the evidences of low sup
plies Even though striking advance
should develop within the remaining
portion of the crop year now approach
ing a close it would not benefit the pro
Queer in any important degree, so far
as the past crop is concerned. But it
might serve good purpose in his in
terest in its influence on prices for new
crop deliveries.
u July wheat at Chicago closed 2ac be-
low the highest point of the week, 1sc
above the lowest point, and &c lower
than a week ago.
Corn at Chicago for July closed &c
below the highest point of the week,
SC above the lowest point of the week,
and &c lower than a week ago.
Wheat receipts at primary markets
were 2,O51 900 bushels for the week
. against 2.194, 600 the preceding week
and !, 1896, 900 last year.
Corn receipts we're 1904 900 bushels,
against 1,658,0O0 the preceding week,
and !, 1897, 900 last year.