Staunton spectator and vindicator. [volume] (Staunton, Va.) 1896-1916, 1898-07-28
GRAIN TRADE AND CROPS.
The Cincinnati Price Current of Is
Thursday says

Inc C1QclnnaC1 Hflce-CurrenL Oh last
Thursday says
Local rains have favored some locali-
ties in the West within the week now
closed where moisture was needed, es-
pecially for the corn crop, but large
extent of area appears to be without
such relief, including Kansas, Neb
braska. Missouri, portion of Ohio val
ley sections, etc., most of which, how
ever, is not suffering beyond repara
tiou if rains should come soon. At the
close of the week, since most of our
correspondence was forwarded, some
rains are reported in Kansas and 9th
er western localities, putting matters
in more cheerful form. at least for the
present. 1t is not likely that the gen
eral average position of the corn crop
differs much in comparison with the
situation week ago. The crop is not
likely to exceed last years production
as officially estimated, which was not
equal to the years domestic consump
ton and exports. II the season should
maintain the existing outlook, the pro.
duction and the surplus that will sup
plement it will probably more than
equal the years requirements, so that
the possibilities favor ample supplies,
without the excessive surplus that has
been brought over from the crops of
| 1895 and 1896.
The harvesting period for winter
wheat has been very favorable general
| ly, and while in the West there is con-
siderable light weight grain there is on
the whole good proportion of fair to
good milling grades Threshing opera
lions are progressing about as usual.
and the tenor of reports as to yield is
about as previously noted, disclosing
much of disappointment as compared
with the early calculations, but these
indications are not more pronounced
than the previous recent information
suggested.
There is q continuance of frequent
reference to inclination of farmers to
hold wheat, and not to offer it freely
at current figures. They have been
led to believe that an era of advanced
prices has been reached, or is near at
hand-but prices just now do not re-
| fleet the better level. and are consider
ably lower than a year ago. Observers
in the trade while recognizing posi-
| bility of some improvement in the near
future, under tardy offerings and
urgent milling demand, count on
chances for reaction to lower figures
when the northwestern grain moves
freely, some weeks hence. The com
mercial statisticians in the British
markets are figuring out the probable
and likely to be in excess of the years
requirements.
The later information confirms the
previous indication of a large hay
crop, which has mostly been secured
in excellent condition. This will be
favorable to satisfactory marketing
operations, and calculated to be help
full in maintaining prices.
In regard to oats and other crops tie
week has disclosed no especially new
| features. In some regions the def eli
ency of moisture is becoming pref udi'
cial to the potato crop.
| Wheat at Chicago for future months
has been comparatively steady during
the week, closing 14c higher than d
week ago. For corn the market has
| developed more advance, partly lost
at the close by reports of western rains,
but a gain of 15a1gc is shown in the
comparison with the close a week ago.
Oats show an advance of saac.
July wheat at Chicago closed
at the highest point of the week,
Ale above the lowest point, and
34c higher than a week ago.
| Corn at Chicago FOR July clos
ed 1c below the highest point of the
week, 1gc above the lowest point and
lie higher than week ago.
Wheat receipts at primary markets
were 1, 1S1 200 bushels for the week
against 747.000 the preceding week
and $4,000 last year.
Corn receipts were 2,045,000 bushels
against 2 ,667 900 the preceding week
and 2, 10000 last year.