Staunton spectator and vindicator. [volume] (Staunton, Va.) 1896-1916, 1898-03-24
GRAIN TRADE AND CROPS.

GRAIN TRADE AND CROPS.
The Cincinnati Price Current of last
Thursday says
The week has been attended with
acceptable rains in western and cen
trail districts, which have given i'm
petus to growth of grain and grass, and
favored the preparation of land for
spring seeding. The planting of oats
has progressed favorably, and there
appears to be disposition to enlarge
the area in this grain in WESTERN locali
ties. The crop is getting good start.
The position of the wheat crop has
not declined in general indications the
past week. There has been something
of freezing and thawing in some local.;
ties, but the result has not essentially
disturbed the plant, and March is now
so we'll advanced that confidence in the
situation is becoming more pronounc-
ed. So far as the average condition
or prospect at this time can be judged
it should be regarded as admitting of
very satisfactory results.
From Iowa there are indications of
enlarged area to be seeded to spring
wheat, and presumably this will be
the case in all the Northwest, if there
be no interfering conditions of wealth
er.
The recent warmth and moisture are
bringing forward.pasture lands, so that
it is expected that live stock will Sc
cure much feed from this source, ear
lier than usual
The detailed statement by States of
stocks of corn in farmers hands on
March show some striking decreases
f<u G%nt Doc ~ Low
ton, in comparison with last year.
If the official figures now and a year
ago are to be accepted as correct with
respect to quantity of corn on hand,
and as to the extent of the crop of 1897,
it must follow that the years domestic
absorption of corn has been about
2, $3.50, 000, 900 bushels-about 300. 900, 600
in excess of the average OF years. This
difference does not appear to be rea
sonable, and it is likely the crop was
overestimated or the supplies now I'm
derestimated.
Comparisons of stocks of wheat are
of little value. because of the seriously
faulty exhibit last year.
The wheat market for new crop de-
livery has weakened. and closes decid-
eddy lower than week ago. The de
cline for July at Chicago is Sc cents
| The unsettled condition of affairs may
have had some influence, but the re-
cent position of July wheat has been
above what should be expected to be
maintained under continuance of the
promise for the worlds crops. Mani
pulation may arbitrarily change mat
tiers later on.
| The corn market has not recognized
the force of the comparison shown by
the government figures for farmers
supplies. With the large visible sup
ply of this grain and an early growth
of pasture it may r,o. - eaev to ad
vance prices, until something occurs to
| give change to the outlook.
July wheat at Chicago closed
| &c below the highest point of the
week, 4c above the lowest point, ani
6sc lower than week ago.
| Corn at Chicago for July clos
ed tic below the highest point of thu
week, &c above the lowest point an(
&c lower than week ago
WheS1 receipts at PRIMARY market
were 1857 900 bushels for the week
against 2.632.000 the preceding week
and 1,783, 900 last year.
Corn receipts were $3.50. 900 bushels
against 6.302,000 the preceding week
and 3. 1876, 900 last year.