Staunton spectator and vindicator. [volume] (Staunton, Va.) 1896-1916, 1898-08-25
GRAIN TRADE AND CROPS.
The Cincinnati Price-Current of la

The Cincinnati Price-Current of last
Thursday says
Weather conditions have not chang.
ed the position of leading crops in any
essential particular the past week. In
a large part of the corn area the favor
able influence of recent rains is noted
in the weeks correspondence. In por-
tions of Nebraska and Kansas, and to
some extent in other sections, there is
positive shortage in the indicated yield
of corn which can not be overcome by
any possible conditions to follow.
Much of the crop has been made to ap-
pear fresher and better by the mois.
ture, because of the lateness of its
planting and growth, but this does not
furnish assurance of good yield, and in
fact is an unquestionable notice that a
large part of such grain is not likely
to reach condition of maturity if sc
we're frosts should occur early.
1t has been pertinently suggested by
a Chicago observer that 1.-THE corn
market presents the anomaly of being
held down by the LATEST government
report, instead of in spite of it.n and
that 1.-The influences drawn from that
document favor the expectation of a
much bigger crop than those based on
reports from the fields, the latter show
ing that over vast areas the rains did
not come soon enough to prevent the
crop from being a very poor one." This
is confirmatory of the Price Currents
Interpretation of its current informa
ton as heretofore submitted.
In writing from Kansas a reader of
the Price Current says: 1.-The Kansas
State report and your report on corn
hope will prove correct, but l believe
both will be in fact too high in the end.
Everybody who knows anything on
the matter says the government report
is away too high, especially for Kansas.
People who come from the wheat belt
OF Oklahoma, Indian Territory and
Kansas say the farmers are heavy buy-
ers OF lumber. for building granaries
to hold their wheat, and are busy
blowing. The railroad companies Or
dered many new cars and engines. and
worked their repair shops on full time.
in some instances day and night. in the
last half ofMay and June. in order to
be ready for the avalanche of wheat.
which has not appeared yet. A wear
ago the railroads here were moving
their wheat trains in sections. now Il
is just every day business, and no rush
which is great disappointment to
railroad people and grain receivers at
Kansas and st. Louis. Our mills here
paid 70 cents to farmers yesterday for
good milling wheat"
Receipts of wheat at primary mark
cts on the larger crop are falling short
OF last year, in both winter and spring
wheat markets-thel latter showing the
greater difference, partly from the fact
that the good prices prevailing a year
ago now brought out liberal reserves
In the Northwest, although the move
ment was far short of the preceding
year. The record for the past seven
weeks shows total of less than Is, OOO.-
OO0 bushels for primary markets; dur
ing the previous twelve years the COM
parison was as low in but one instance.
in 1895, and for that period of twelve
years the annual average was over "a
300, 900 bushels for the seven weeks. 1t
is not likely the marketing by farmers
has been relatively as much smaller.
for interior millers have been liberal
buyers, at prices above shipping basis
in many cases, their supplies of old
grain having been exhausted.
The wheat markets close lower than
! W. elk ago, the speculative sentiment
gaining more forceful influence from
the extravagant crop estimates than
rom the indications of relative needs |
or the year and of conditions which |
should encourage confidence in the |
outlook on the basis of current values. |
The corn markets have weakened |
Under the more cheerful view of the |
situation of this crop, but the current |
is restricted, and the visible |
supply has been lowered to a point be-
ow corresponding time last year, while
The invisible supplies are largely re |
tuced in comparison with a year ago.
The later information confirms the
previous indications of disappointment
n yield of oats, and of light weight of |
his grain. The Chicago mar ket is
moderately lower than a week ago.
Recent weather conditions have IA
1ored autumn blowing operations, and
here are many intimations of plans
or enlarging the wheat sowings. Pas
ures have been greatly benefited,
which fact, with the large extent to
which the unsatisfactory corn crop will
re cut Tor fodder, and the abundant
upply OF hay, will have some influence
II shortening the requirements for
orn.
September wheat at Chicago closed
&c below the highest point of the
week. &c above the lowest point, and
c lower than a week ago.
Corn at Chicago sor September clos
d 1sc below the highest point of the
1eek, &c above the lowest point and
&c lower than a week ago.
Wheat receipts at primary markets
'ere 2,73l,000 bushels for the week
gainst 3 $4,000 the preceding week.
nd $3.50 600 last year.
Corn receipts were 2 1888. 900 bushels.
gainst 3,079 900 the preceding week,
nd 5. 400. 900 last year.