Staunton spectator and vindicator. [volume] (Staunton, Va.) 1896-1916, 1898-03-31
GRAIN TRADE AND CROPS.

Tne cincinnati rice-Current OF last
Thursday says
Warmth and moisture have served
to promote the growth of the wheat
plant where there was good stand, to
give it more promising appearance
where its position was doubtful, and
in some instances to afford an encour-
aging outlook where the situation had
been regarded as hopeless. Taken al
together the week has been favorable
one, and has placed the crop on more
certain basis than previously repre-
sented. This does not imply, Of course,
any certainty as to results, for adverse
conditions are liable to arise at anv
time, up to the gathering of the grain.
But the situation at this time of the
winter wheat crop, taken as whole,
justifies the most hopeful view that
has been had of it during it's progress
up to this point.
In Ohio and Indiana, and to some
extent elsewhere, the rains have be
come excessive, and are retarding oper-
ations on the land, and otherwise as
Stunning of seriousness in particular
localities, by overfows, stoppage of
transportation, etc. This is more par
ticuiarly applicable to Ohio, and
Southern Indiana. Quite likely con-
siderable damage to crops may result
from these conditions.
The indications from Iowa and Ne
braska favor an extension of spring
seeding of wheat-especially in Iowa.
The information from the Northwest
is also suggestive of plans for an en-
larged area of wheat and flax crops.
Much, however, will depend on wealth
or hy1f ic 4 ~
on favorable progress until there is
reason for modification of such a view.
The seeding of oats is now well ad-
vanced in most sections of the central
regions. There is some irregularity as
to relative area-the prevailing indi-
cation appearing to favor the view
that there is not reduction compared
with last year.
The moisture has fastened the
growth Of grass lands, and given early
pasture for stock in many localities
This is expected to serve in economic
ing the consumption OF corn.
The movement of grain has been of
moderate proportions in all sections of
the West. The prevailing expression
In regard to wheat and oats is that
supplies of these grains are at low
point.
There is almost uniformly hopeful
view of the promise for fruit in the
West. In view of the daPpssg-a an the,
p2ai coast Ii wossia DC specially for
tunate if the regions this side of the
Rocky Mountains could escape serious
curtailment of production.
In the wheat trade the position has
not been notably changed, there being
some variableness in the fluctuations
of prices from day to day without de-
positive tendency toward
higher or lower values, closing but
different from week ago
at Chicago.
1t seems to be the fashion to give the
Chicago wheat trader the credit of &C.
curing much more money to the wheat
producer than he would have had but
for this gigantic deal. It would be ex
ceedingly interesting to have such q |
made demonstrable. There
is as reasonable ground, apparently, |
for the assumption that the price at |
this time, and the general average to
date. would be higher but for the in |
terfering influence of this great ma |
change, the speculative sentiment find |
LIE AiIbiO VI ckSSlni IOT
the near future with reference to high. |
er prices, and it is within bounds to |
say that practically no one is counting
On any striking decline very SOON The !!
market closes slightly lower than a |
week ago, as also for oats, at Chicago. |
July wheat at Chicago closed |
'sc below the highest point of the
week, &c above the lowest point, and |
lT.rr u, II
Corn at Chicago for July clos |
I'D 4c below the highest point of the
week, &c above the lowest point and |
sc lower than week ago
Wheat receipts at primary markets
we're 2,504,0 bushels for the week |
against 2,857.000 the preceding week,
md 1 40, 900 last year.
Corn receipts were 4,G22, 900 bushels,
against 1882, 900 the preceding week,
Ind 2,277.000 last year.