Staunton spectator and vindicator. [volume] (Staunton, Va.) 1896-1916, 1897-05-06
GRAIN TRADE AND CROPS.
The Cincinnati Price-Current of ls
Thursday says

The Cincinnati Price-C Current of last
Thursday says
The past week has been more season
able than previously noted, and vege-
tation is now making good progress
The delayed work on the farms has
been carried on vigorously in most sec
lions. The season is one to two weeks
later than usual throughout all the
central and northerly regions. Condi-
tions have not yet reached the fullness
of forcing influence which is expected
at this time in the season.
The wheat crop news is about the
same as in the recent past as to the
winter grain; whatever has developed
to change the average Indication has
been in the direction of reduction
While The present situation furnishes
no reliable basis for estimating ulti
mate yield, it is reasonable to consider
about 800, 900, 600 bushels for the winter
crop as the extent of the present indi
cation. There is little room apparent
ly for higher results under the most
favorable conditions likely to occur
henceforward.
The information concerning spring
wheat in the North west is far from be
ing satisfactory, and there are elements
of uncertainty in much of Minnesota
and North Dakota which border on
discouragement, although the situa-
ton can not be regarded as hopeless
one yet. The temperature has been
too low, and excessive moisture has
also hindered the progress of seeding.
A few days of especially favorable
weather are now urgently needed in
that region.
Oats have been sown quite largely in
the recent past, and are making fair
ly good start in many sections. but to
a large extent the crop is belated, and
the acreage'quite likely will prove to
have been lessened.
It is interesting to note that there
appears to be an indication of main
tenance of the area OF corn this season,
in most regions of the West.
In the wheat trade there have been
decided changes from day to day-the
general tendency early in the week be-
ing upward, but the gains made have
been lost, and more. July wheat at
Chicago closed week ago at 735. ad
vanced on Saturday to ia, and on yes
terday touched 500, closing at 70s.
The recent unsettled condition of the
wheat market, and advancing tenden-
cy. had the effect to restrict offerings
| from interior holders, and the move.
ment will be temporarily reduced. The
dizziness in the flour trade is curtailing
demand for wheat from millers in some
regions, but in others there is being in
Dictated now an inclination to place
orders pretty freely for shipments in
the near future. The reaction from
the recent advance encourages con-
fidence on the basis of the lowered pc
sition.
The corn market presented some
thing of firmness during the week
closing at Chicago at the same position
as week ago for July deliveries, and
&c lower for May. Oats close the same
as week ago.
May wheat at Chicago closed 6sc be-
low the highest point of the week, Il
above the lowest point. and 2sc lower
than a week ago.
Corn at Chicago for May closed Il
below the highest point of the week
4c above the lowest point of the week
and &c lower than a week ago.
Wheat receipts at primary markets
were 1874, 900 bushels for the week
against 1,895,000 the preceding week
and 2, 1872 600 last year.
Corn receipts were 1,659,000 bushels
against 1884, 600 the preceding week
and 231S 600 last year.