Staunton spectator and vindicator. [volume] (Staunton, Va.) 1896-1916, 1898-03-17
GRAIN TRADE AND CROPS.
The Cincinnati Price Current ofla,

The Cincinnati Price Current of last
Thursday says
The conditions attending the grow
ing wheat crop the past week have not
differed radically from the preceding
week. There has been some freezing
and thawing, and to a limited extent
there has been belief among observers
that the outlook has been impaired.
The prevailing conviction. however.
appears to be that with turn to
steadily favorable conditions the pres
ent. appearance of unfavorablenes
might give away to fairly good prom
ise, In most OF the instances when there
Is doubtful view of the position. The
recent past has not been more severe
than usual for the time of year on the
wheat plant.
At the close, the weather is mild, and
farming operations are getting in
shape, in a large part OF the western
area. The seeding of oats has prog
ressed as far northward as the north
ern line of Kansas, and the indications
point to full area in this grain. There
are few instances of spring seeding
of wheat in the winter grain regions.
but this does not prevail to a very great
extent.
There is some need of moisture in
portions of the western area, but moth
ing appears to be suffering from this
cause as yet. The outlook for fruit
continues favorable.
The interior marketing of wheat is
now Of light proportions. The holders
of the remaining supply are for the
most part disposed to take chances for
better prices later on. In the mean
time the distorted condition of the
markets under speculative manipnla
ton is disturbing milling operations,
and the demand for such purposes is
being lowered.
It is observable in the country, and
made apparent in the reports of foreign
markets, that the current high posi-
ton Of wheat values is shortening the
demand from millers, who are operat.
ing on the hand-to-mouth plan. Each
week lessons the period to the crop,
and there is full faith in the view that
abundance to meet requirements Ia as
sured.
The longer the remaining wheat is
withheld from the market channels the
more likely will it have an influence
adverse to values when it's movement
shall start actively and simultaneously.
The position of the growing crop, with
the enlarged area, is fully up to aver
age in promise, for the time of year,
| taking in the entire situation The
outlook for spring seeding can not yet
be discussed.
The current value put upon wheat
at Chicago for July delivery is about
80 cents. Quite likely this will look high
later on, If no mishap occurs to the in
coming crop.
The recent liberal movement of corn
has not unsettled prices essentially, and
the position of this grain at the close
| Is about the same as week ago, at
Chicago. Oats are moderately firmer.
May wheat at Chicago closed
24c below the highest point of the
week, &c above the lowest point. and
25c lower than week ago.
Corn at Chicago for May clos
ed &c below the highest point of the
week, 3c above the lowest point and
the same as week ago
Wheat receipts at primary markets
were 1862, 900 bushels for the week
against 2,296.000 the preceding week
and 1,720,00 last year.
Corn receipts we're 20 GG2 900 bushels,
against 1870, 900 the preceding week,
| and 3 .879. 900 lastvear.