Staunton spectator and vindicator. [volume] (Staunton, Va.) 1896-1916, 1897-04-15
sTAUNToN SPECTATOR AND vINDICAToR.
GRAIN TRADE AND CROPS.
The Cincinnati Prices Current of last

The Cincinnati Prlce-Current OF last
Thursday says
Considerable complaint of excessive
moisture in various western regions,
which is retarding the seeding OF oats,
the preparation of corn land, and the
movement of produce. These are con
ditions. however, which may soon be:
overcome, and their influence become
unimportant with reference to modify
ing results. =.
In Ohio the most of the State has lit
tie to complain of, conditions being
fairly seasonable, although not for
ward. The general outlook is good.
Indiana conditions are quite varia-
BILE. especially with reference to the
wheat crop. much of which is more or
less unpromising. while the larger part
ia we'll up to the average in condition.
In Michigan the situation is good in
general way, but little backward
In Illinois the previous advlces are
confirmed as to serious loss to the
wheat crop, attributed chiefly TO the
hard freezing the last OF November.
which suddenly followed very warm
weather conditions, bringing about un
usual effects upon the wheat plant, es
pecially where late sown and vitality
not well established.
Missouri also has failed to show as
favorable position of the wheat plant
with the advance Of the season as has
been hoped for, and the promise Is for
q deficient Yield.
| In Kansas there is little complaint,
and large production is confidently ex-
pected. If not disturbed by condition
later on.
Taking a careful survey of the ap-
parent condition in the several States
the present situation appears to point
to about 800, OOO, 900 to $40. 600 600 bush
els for winter wheat-it seeming unrea
sonable to count on higher calculations
under the existing evidence of impair
(ment and uncertainty. Estimates are
of little value at this juncture. and
NAV be regarded as indications of pos
Isibilities.
The Chicago wheat market was com
paratively steady early in the week,
displaying an easier tendency on Mon
day, with striking slump at the close
tou ching 65a for May, and 65} for July
closing SIC for May and cents for uly
10 wer than week ago. The British
market writer's have been telling Oul
| people for a considerable time that thl
country commands the situation as tt
wheat prices for the remainder OF the
current crop year, with power to ad
vance them almost arbitrarily-but thu
: conditions have contradicted the cor
rectness of such assumption, for on
/ markets have continued to take shape
in accordance with the temper OF for
eign markets, notably those of Eng
land, where there has not been mani
fest any more of eagerness to secur
, our remaining surplus than there ha
: been to get rid Of it. Too much though
has been given among the trade to tn
: lapparent lowering of the position Q
= wheat supplies and too little to tn
II great abundance and cheapness OF ott
: er food products verlooking the fac
that wheat has been abnormally higl
t all the season in comparison with othe
q articles.
r May wheat at Chicago closed &c bt
9 low the highest point of the week,
!, above the lowest point, and ste lowe
y than week ago.
Corn at Chicago for May closed
9 below the highest point of the weei
and at the lowest point OF the WeeE
and 18c higher than a week ago.
j. Wheat receipts at primary market
: were asst, 900 bushels for the wee
Iagainst 1881 900 the preceding wee
land 2, 1884 900 last year.
Corn receipts were /, 1895. 900 bushel
Iagainst 100000 the preceding weel
t. and 1,783, 900 last year.