Staunton spectator and vindicator. [volume] (Staunton, Va.) 1896-1916, 1897-06-17
GRAIN TRADE AND CROPS.
The Cincinnati Price-C Current of las
Thursday says

The Cincinnati Price-C Current of last
Thursday says
Summer warmth has not yet been
experienced in the central and north
ern regions, and crop conditions have
been materially influenced by the I'M
usual temperature for the time of year
which has thus been prolonged So
far as wheat is concerned the effect has
not been prejudicial generally, al
though delaying maturity and putting
Off the harvest dates. But the corn
crop has suffered from the unseasona
BILE conditions, and although this crop
has great recuperatlve resources under
favoring conditions following delay
ed start, when the stand is good, the
situation now is awakening much of
apprehension. for the cold weather has
not only hiDdered growth where it has
made a start, but it has so interferad
with termination that an unusually
large area has had to be replanted-
and this work is not yet completed,
while the later paintings are failing to
secure termination or desirable growth.
Taken as a whole the situation of the
corn crop Is far from being promising
one, although it must be admitted that
with all conditions favorable hence
forward the possibilities would admit
of fair results.
It may be remarked that the unfa-
vorable surroundings of the corn crop
have strengthened sentiment among
farmers and other interior holders of
this grain, and unless there be a de-
cided change for the better in crop
conditions in the near future there will
| be a lessening of offerings at values now
current.
The corn crop is backward and in
really discoura ging position to q large
extent in Ohio. and also in Indiana.
and but little better in Illinois as a
rule. In Iowa there has been much
replanting, which is now in progress,
as also in Illinois, and more or less else
where. In Missouri and portions Of
Kansas the situation is better, and lit
tie to complain Of Moisture and
warmth are needed for this crop over
a large extent of area in the West.
The winter wheat crop is apparently
maintaining it's average condition. In
some localities quite an improvement
of late has been noted, but in most in
stances such changes have occurred
where the amount of wheat growing is
relatively small, under the failure of
the crop or abandonment to other
crops.
i In the Northwest the corn crop has
suffered seriously from the low tenn
perature, and growth OF wheat has not
been all that it might have been under
more of warmth and moisture, but the
situation there as whole is very en-
couraging, with possibilities admitting
of bountiful results.
The oats crop has suffered more OF
less from the unreasonable weather, al
though not uniformly so to an impor
tant extent. The growth has been de
layed, and the plant shortened, SO thai
in many instances where the heading
period is approaching OR reached it Ii
apparent that the stalk is unusually
short, which is not suggestive of heavy
yield.
Under the influence of cool weather
in retarding the maturity Of wheat the
July delivery at Chicago has acquired
| some improvement toward the close OF
the week, and the price is fractionally
higher than a week ago, while Sep
TENDER is lie lower. That supplies are
being greatly reduced is beyond ques
ton, but that they are likely to cover
all urgent calls is within the range o.
} probability.
The corn market at Chicago has gain
ed some strength, and quite likely this
J tendency may be further developed
unless a radical change in the crol
situation soon develops.
July wheat at Chicago closed 2sc be
low the highest point of the week, IL
above the lowest point, and 80 lowe
than a weoh ago.
Corn at Chicago FOR July closed {,
below the highest point OF Ss.e week
i above the lowest point of the week
and 4a lower than a1week age
easereeeipss at primary market
we're 2.G54,000 bushels for the weel
/ against ss05,Oo0 the preceding weel
and 2,454 900 last year.
J Corn receipts were 6.553. 900 bushels
against 4,583, 900 the preceding week
and 8, 1888. 600 last year.