Staunton spectator and vindicator. [volume] (Staunton, Va.) 1896-1916, 1898-08-18
GRAIN TRADE AND CROPS.

The Cincinnati Price-Current fast
Thursday says
The past week has been one of more
cheerfulness with reference to the corn
crop of the West, the recent rains hav-
ing very generally covered the regions
where suffering from lack of moisture
has been experienced or was imminent.
a disaster to the crop which was
threatened in many localities has been
averted.
The official estimate of the condition
of the corn crop is 81, compared with
90.5 month ago. The indication sub
mitted last month seemed to be high
the reported position this month also
appears to be high, even at the lower
ed record. On the presumption that
the harvested area will be about IT,
600, 900 acres, the official indication ap-
pears to point to crop OF about !,9l0,-
safe to regard the situation as unlikely
to exceed /, 800, 900, 900 bushels.
The August official report offers
nothing concerning winter wheat. For
spring wheat the condition is advanced
to SO 5, in comparison with 95 month
ago. This points to about $50, 900, 600
bushels as the indication of govern
ment data for spring wheat, whic b
with 360, 900, 900 for winter wheat means
total of $40, 900, 900. 1t is probably
fair view of the situation to consider
$50, O00, 900 as closely representing the
seasons production.
The government report on oats makes
842 the indication, compared with 92.S
a month ago-now pointing to approx
imately 655, 000, 900 bushels. against 1885,
000,0 600 suggested last month. At that
time the Price Current mentioned that
it seemed too much to expect the crop
to exceed last years production, or
even to fully equal 1.-THE estimate fol
1897 being 500 100000 bushels.
| In the Northwest there has been
some fear of interference with the
wheat crop promise. but the situation
has not been particularly disturbed
and if the grain now in sight can be
secured without special injury the re
suit will be we'll up to the full calcula
tions which have been offered for thai
region.
The unthreshed winter wheat no
well protected has In many instance
suffered from the recent moisture-an(
threshing work has been retarded. Tn
later information adds to the evidenc,
of inferior quality of large part o
the wheat, west of Indiana. The cur
rent offerings of good milling grade
are restricted, and appear likely to b.
for some time to come.
Il The rains have served a good pur
pose in putting the ground in favora
BILE condition for blowing operations
and so far as can be judged from pres
ent indications it is planned to enlarg
the area of autumn sown wheat. Th
late potatoes are being benefited
Pasturage has revived to an importan
extent.
For several days the prevailing ten
} dency of the wheat market was moo
, erately upward, but later there de
, veloped reaction, SO that the positio
] at the close does not very essential
! in comparison with week ago.
, The corn market displayed som
> firmness during the week, and close
fractionally better than a week agt
There is evidently much of confidenc
! in this grain.
September wheat at Chicago close
3tc below the highest point of tn
week, &c above the lowest point, an
&c higher than a week ago.
Corn at Chicago for September clio
ed &c below the highest point of tn
, week, &c above the lowest point an
= 4c higher than a week ago.
Wheat receipts at primary market
! were 3,147, 900 bushels for the wee
q against 3,865.000 the preceding weel
and 5,541, 900 last year.
Corn receipts were 3079, 900 bushel
q against 1890 900 the preceding weel
Z and 6,03S, 900 last year.