Staunton spectator and vindicator. [volume] (Staunton, Va.) 1896-1916, 1898-06-30
GRAIN TRADE AND CROPS.
The Cincinnati Price-Current oflast
Thursday Says

The Cincinnati Price-Current of last
Thursday Says
Agricultural conditions have not
changed much the past week, in gen
eral characteristics. The late CORE
spondenee reflects less complaint from
rains in central regions, without abil-
ity to overcome as yet the unfavorable
condition of the corn fields WEIGH are
suffering from growth of weeds under
the lack of opportunity for cultivation.
Further westward there continues con-
siderable complaint. Taken as whole
this crop is probably not any more dis
couraging in position and outlook than
was reflected by the situation a week
ago, while it is not justifable to say
that important improvement if any is
shown. The position admits of pro.
duction equal to the average of good
and poor crops. A feature of the situa-
tion is that the lateness of the plant
ing and the hindrances to cultivation
are serving to bring the work of over
coming the growth of weeds at a time
when farmers will have hay or wheat
harvesting to attend to.
1t appears likely that the rains have
to more or less extent prevented the
fullness of yield and quality of wheat
other conditions. There are already
intimations from various localities
where harvesting operations have be-
gun or are in progress that the yield
so far as can be judged is disappoint
ing in comparison with recent expecta
tions. This is likely to continue in
evidence. and while the winter wheat
crop, on the enlarged area, should be
expected to be of large proportions, it
is too much to place the high estimates
upon it which some sanguine observers
have suggested.
In most of the spring wheat regions
the conditions have continued favora
BILE, and the previous high expecta
tions are we'll maintained.
In the wheat trade there has been
apparent uncertainty of sentiment,
and considerable weakness. After hav-
ing rallied moderately from the low
point of the week the Chicago market
closes AZ cents lower than a week ago
for September delivery.
1t may be assumed that if the spring
wheat promise is approximately main
tanned to the end, the entire produc
tion of the United States this year will
admit of an exportable surplus consid
erably exceeding the largest OF such
yearly OietIiOuilOu ucTcGOlOTc. AioOs
that the worlds wheat promise is now
favorable for an ample supply for the
year. But consumption will begin up
on new crop supplies earlier than usual,
under the exceptional depletion of re
serves, and unless values reach a more
inviting position than are now current
| for new crop deliveries there should be
expected to be lack of free offerings
| from producers beyond needful mark
et1ngs.
July wheat at Chicago closed
SIC below the highest point of the
| week, &c above the lowest point, and
SEC lower than a week ago.
Corn at Chicago for July clos
ed &c below the highest point of the
| week, &c above the lowest point and
1sc lower than week ago.
Wheat receipts at primary markets
| were /, 1855, 900. bushels for the week
| against 1,328.000 the preceding week
and 1,405,000 last year.
| Corn receipts were 4,336.000 bushels,
against 6,595,000 the preceding week,
and 3.611 900 last year.