Staunton spectator and vindicator. [volume] (Staunton, Va.) 1896-1916, 1897-06-03

GRAIN TRADE AND CROPS.

The Cincinnati Price-C Current Of last
Thursday says
The past week has been cool in most
of the western agricultural regions, and
has not been promotive of best condi-
tions for the corn crop, which have
been hindered in growth where it is
up, and retarded in termination where
late planted. 1t appears that consid
cradle replanting has been necessary
in many sections either from lack of
termination or from serious work of
cutworfns, etc. 1t is too early to take
a discouraging view of the crop, for the
drawbacks now being experienced may
be overcome by favorable conditions
hereafter.
The winter wheat crop situation has
not been essentially changed in its gen
eral promise. It has not been improy-
ed by recent conditions, and possibly
has been rendered moderately less
promising. Conditions are decidedly
variable. On the whole they continue
to Justify calculations in excess of last
years results.
The spring wheat situation is becom
ling more assuring, and is regarded as
decidedly encouraging. SO that with
fairly favorable conditions hereafter,
with the large increase in acreage, a
b ountiful cropimay be harvested.
The special feature as this juncture
is the need OF showers, for surface
moisture, and for corn warm tempera-
ture to promote termination and
growth. The need of moisture is wide
Ispread, although in no section are con
ditions serious from lack of it as yet.
Relief has been had locally to some ex-
tent the past day or two, but not in a
general way.
Oats are generally doing we'll. Grass
, lands in satisfactory condition. Pas
!, ture good. Meadows giving promise OF
a good crop of hay. Fruit in excellent
general promise, with the exception OF
peaches.
The wheat trade has failed to find
such a conjunction of conditions as are
essential to secure positive change in
: values to higher position. The week
closes even lower than the preceding
week, at Chicago. The practical GER
ttainty now of large crop of wheat IN
this country if the present basis be vel
maintained is an element more force
, | full against an advancing tendency In
: prices than is the statistical position Of
this grain in favor of such a shaping
+ Speculation does not take very kindly
. to the side of higher prices.
I'll The corn market has been compare
lively steady, closing easier and frac
. tionally lower than a week ago al
y Chicago. The interior holding inter
z est regards this grain with much con
!, fidence, as rule-but it will require
q unfavorable shaping of the promise OF
the new crop to give good reason fol
essentially higher figures for some time
to come. The speculative trade holds
up to view the fact that corn sold al
90 cents and under, at Chicago, last
September.
!. July wheat at Chicago closed &c be
{ low the highest point OF the week, i
above the lowest point, and 15c lowe
than week ago.
Corn at Chicago for July closed &
4 below the highest point OF the week
q and at the lowest point of the week
: and &c lower than q week ago.
I'll Wheat receipts at primary Market
were 2,628,0O bushels for the weel
against 2.054,00O the preceding weel
and 1884,, 900 last year.
: Corn receipts were 1906. 900 bushels
II against 1856, 900 the preceding week
:, :, and /. Gil 900 last year.