Staunton spectator and vindicator. [volume] (Staunton, Va.) 1896-1916, 1897-10-28
GRAIN TRADE AND CROPS

The Cincinnati Price Current Of last
Thursday says
The rains noted week ago were fol-
lowed by warm and dry weather, and
later in the week lower temperature
and further rainfall in wide area, the,
latter affording important relief where
water supplies have been deficient, and
serving to promote the termination
and growth of seeded grain. There are
some sections where there has not been
sufficient moisture to afford relief in
notable degree; and in most regions
there is yet need of considerably more
rainfall than has yet been had. The
general situation with reference to the
wheat crop is somewhat more assuring,
although the lateness now and lack of
completion of the extent of grain seed
| ing contemplated will prevent the large
Increase in area that was planned; it is
| however reasonable to regard the area
as increased to some extent.
| The wheat markets have not chang
ed position in an important degree.
The interior offerings are very irregu-
lar, and continue moderate in the ag-
gregatc in winter grain regions. DC
casionaliy holder has become dis
co1raged, or his needs have been suf-
! ficient!y urgent to induce him to sell,
but it is manifest that the prevailing
belief among farmers who still have
wheat is that the chances favor better
prices later on. This is not an unrea
sonable view, if there be approximate
accuracy in the statements which have
been persistently promulgated by
prominent authorities as TO the worlds
situation of wheat supplies.
| 10 f,i. RI hnnauop J,ot
while there can be little ground for
anticipating a lowering tendency of
wheat values, the situation with refer
ence to near future conditions does not
furnish much on which to build cal
cula tions OF a striking advance.
Milling grades OF wheat other that
contract quality are selling at Chicago
at decidedly lower figures than the
contract grade. In this market there
is fairly good inquiry from millers.
but with such limitation as to price as
to indicate that they are not disposed
to anticipate an early advance in -four,
which is now abundantly offered, with
the market lacking a NANTES tation OF
firmness.
i Weather conditions have favored an
early movement of new corn, and re
ceipts the past week at the centers
we're large, under which prices have
weakened. 1t may with all fairness he
suggested that the manifest abundance
of corn in the country, emphasized by
an unprecedented quantity visible
, precludes expectations of high prices
but at the same time it. would hardly
seem reasonable that the recent declin
ing tendency should be regarded as
likely to continue much further. With
wet weather and bad roads the move
ment would be lightened. and with the
enlarged call for feeding purposes un
: der the loss of fall pasture there will
be hesitation with reference to selling
at lower prices.
December wheat at Chicago CLOSED
1sc below the highest point of the
week, lie above the lowest point, an6
. &c higher than week ago.
Corn at Chicago Tor December clos
ed &c below the highest point of the
week, 3c above the lowest point ane
15c lower than week ago
I Wheat receipts at primary markets
were 1923, 900 bushels for the week
against 100000 the preceding weel
and S,225, 900 last year.
Corn receipts were 6.15i.0O0 bushels
against 3,437,000 the preceding week