Staunton spectator and vindicator. [volume] (Staunton, Va.) 1896-1916, 1897-09-09
GRAIN TRADE AND CROPS.
The Cincinnati Price Current Of la.

The Cincinnati Price Current of last
Thursday says
The week has added nothing of an
improving nature to the prospect for
the corn crop. Something of rainfall
has been experienced here and there,
but the situation of the crop is such
that moisture can not help it. Condi
tions are irregular. Portions of the
crop in the States of larger production
are good. and the yield and quality
will be satisfactory. Other portions.
where the crop was backward in
growth, are cut short in yield and low
cred in quality by the dry wealth of
some weeks past. 1t is difficult to cal
culate the probable outcome, but the
situation does not appear to encourage
expectations exceeding 1,750, 900, 900
bushels. This quantity, while falling
short of a years requirements for home
consumption and expectation. will not
imply exhaustion of supplies by wide
margin, for the past two crops have
afforded surplus of probably not less
than $50, 900, 900 bushels. after meeting
all calls for domestic and foreign dis.
tribution. This means that crop of
about 400 000, 900 this season. with
the old grain. will meet all probable
requirements, and that any excess over
this quantity will represent available
reserves to be carried forward to the
succeeding year.
The latest authoritative statement
in regard to spring wheat production
in the North west is from Col &. D,
Rogers. of Minneapolis, suggesting
about 145. 0OO, OOO bushels for the three
States, or %, 1000, 900 in excess of the
conclusions of Mr.. Fl. V. Jones, noted
last week. The situation to large ex
tent in that region is undoubtedly one
of disappointment in yield. although
| it is not reasonable to accept the early
threshings in districts of fastened ma
| turity as reliable Indication of what
may be looked for in other instances
where the growth has had less of un
| favorableness to contend with. We
believe it quite likely that the present
estimate of Col. Rogers may be some
what lowered by later information, but
probably not to the position presented
by Mr.. Jones.
| In regard to winter wheat yield, ne
new developments have been disclosed
The wheat crop as an entirety may
safely be recognized as equal to $40,
600, 900 bushels, and the exportable sur
plus for the year at not less than IT'S,
600. 900. as previously suggested.
The wheat In arkets while not reflect
ing so great changes as not previously
have had quite range of prices dur
ing the week, closing for Decembel
and May at Chicago at about the same
position as a week ago. Decembel
wheat ranged at 884a96c, and closed al
$3.50.
The active movement of corn. under
the recently advanced prices, has hat
the effect to offset in large degree tn,
influence Of shortage in the maturing
crop which is being made apparent
with the progress of the season. Thu
week closes 1sa14c higher than weel
ago, at Chicago.
| September wheat at Chicago CLOSED
10b below the highest point of tn,
week, SIC above the lowest point, ant
3sc lower than a week ago.
| Corn at Chicago sorSeptember clos
ed the highest point of tn,
week, 24c above the lowest point ant
1sc higher than week ago
i Wheat receipts at primary market
were $3.50, 900 bushels for the weel
against 5,632. 600 the preceding weel
and 4, So, 900 last year.
i Corn receipts were 7,S8O.000 bushels
against 5,859,000 the preceding week
and A, 654, 600 last year.