Staunton spectator and vindicator. [volume] (Staunton, Va.) 1896-1916, 1898-09-15
GRAIN TRADE AND CROPS.
The Cincinnati Price-Current of la
Thursday savs.-

The Cincinnati Price Current of last
Thursday says
Until near the close of the week the
temperature IN the West has been high,
unusually so for the time of year, the
effect of which has been to advance the
ripening of corn, advantageously in
some instances, and in others to more
or less detriment by unduly checking
the maturity. In fact there appears to
be considera BILE apprehension in.various
localities of decided injury to the grain
from the excessive heat, notably West
of the Mississippi river, and to more or
less extent eastward. On the other
hand there is considerable extent of H.
formation suggestive of quite favorable
conditions for this crop of late, bring
ing about results regarded as really bet
ter than was apprehended little while
back.
Taking into consideration all the re-
cent indications in regard to the corn
crop there appears no reason for essen
TALLY changing conclusions as to pro-
bable aggregate results, AMI 1900 ,0OO,-
600 bushels may be regarded as a fair
approximation for the crop. The evil
dences of a generally good outcome in
Ohio are continued of fairly good
results for Indiana of considerable
shortage for Illinois; of irregular con-
ditions and manifestly considerable
deficiency in Iowa of fair yield in Mis-
souri, of decided deficiency in Kansas
and Nebraska-with good yield in the
areas of lesser important in the North
west, and large crop in Texas.
So far as the winter wheat is concern
ed there is no new feature with refer
ence to yield or movement of the grain.
The prevailing inclination is to mar
ket the grain sparingly at current
values, while there appears to be in fact
fair amount being sold, and largely
taken by interior millers at prices above
shipping basis, so that the record for
primary markets continues to reflect
light receipts. Under these conditions
the demand for such grain at the CEN
tiers is held in more OF less restraint.
The later information from the North
west appears to support the more favor
able views previously entertained in
regard to spring wheat in that region.
Considerable progress is being made in
threshing operations. and the market
ing is now charging.
The large production of wheat in this
country, and rather full promise for
other portions of the worlds crop, con-
| tinue to dominate trading and to prac-
tically cut off consideration of the low
position of reserves upon which the
new crop begins tomove. Briefly stat
ed, the position is one in which the
worlds crop promises to equal and pro
badly exceed the largest previous pro-
duction, while the aggregate of produc-
ton and reserves falls decidedly below a
similar reckoning of previous condi-
tions. AS London authority we'll re-
marks, the existing situation properly
understood furnishes "a tangible reason
why return to the low prices of 1894
95 ought not to be feared"
The prevailing tendency OF wheat
values since the early part of the week
has been moderately downward, and at
Chicago the close shows decline of II
cent for December in comparison with a
week ago. For corn there has been
decline of &c for December, and 15c for
May.
September wheat at Chicago closed
2ac below the highest point of the week,
&c above the lowest point, and 15c lower
than a week ago.
Corn at Chicago Tor September clos
ed closed 1c below the highest point of
the week, at the lowest point, and &c
lower than week ago.
Wheat receipts at primary markets
were 6,691 900 bushels for the week
against $4,000 the preceding week,
and $685., 900 last year.
Corn receipts were 1865. 900 bushels,
a ,ainst 4 100000 thu preceding week,
and 10, 176, 900 last year,