Staunton spectator and vindicator. [volume] (Staunton, Va.) 1896-1916, 1898-06-23
GRAIN TRADE AND CROPS.

The Cincinnati Price-Current Of last
Thursday says
In districts eastward from the Missis
sippi river there has been considerable
rainfall the past week, including re
gions where there was becoming more
or less need Of such conditions. This
has given Improvement to the portion
of the corn crop in this portion Of the
area, and to some extent has awaken
ed apprehension or developed condi
tions of rust in fields of small grain,
thus modifying in some degree the fine
promise of the wheat crop in various
localities.
| West Of the Mississippi, where there
was previously excessive moisture, to
the detriment of the corn crop and to
more or less injury to wheat fields,
| there has been further occasion for
com plant, under continuance OF rains.
The effect upon wheat will be in the
form of rust and of causing the grain
to fall. with similar effect on oats in
some instances, especially in connec-
ton with inducing a too rank growth.
| Taken as a whole the situation OF
the winter wheat crop is hardly as
satisfactory as week ago; and as to
corn, while conditions have been bet
1
| favorableness Of the situation over q
area westward, In Iowa, Kansas, por-
lions of Missouri, Nebraska, ETC., has
been of such wide extent as to preclude
any Improvement in the average con-
Idition Of toe entire corn belt, and quite
likely the position is somewhat lower
ed. Under the excessive moisture the
needful work Of cultivation has been
| impossible to very large extent.
Through the inability to cultivate
corn, from the excessive moisture, there
has been prejudicial growth of weeds,
which will operate against this crop,
which has had good deal to contend
with this season, and is now far from
being in position to be certain of aver
age results from fairly favorable con
dition henceforward, with reference to
a large portion Of the area.
| In other prominent crops the situa-
ton is not particularly changed. The
outlook continues favorable for large
yield Of hay, if it can be properly &C.
cured. The Indication as to oats are
so irregular 1t is difficult to reach salts
factory conclusions, but the weather
conditions are not especially unfavor-
be expected.
The government report makes a IA
vorable indication for the wheat crop,
Ipointing to approximately 5000, 900
bushels of winter grain, and 275, ZOO, 900
of spring grain-or total of about
$50, 900, coo bushels. While it Is posi-
BILE that this may be exceeded, it is not
in order at this juncture to count on
any excess over this approximation.
1t appears to be too much to place cal
culations as high as. 700, 900, 900 bushels.
The uncertain and disturbing influ
ences Of manipulative speculation has
been illustrated in recent events in the
wheat market. The great wheat deal
| that has gone through the past year,
and which has been held up to view
as beneficial to the producer, is sub
ject to doubtful consideration in such
a light. Its influence Of a prejudicisl
nature, in full survey Of the situa-
ton, has been important, and proba-
bly, can not be balanced by demonstra.
ton of favorable Influences. Its cul-
miuation in a manner presumably dis
appointing to the great "leader" is a
lesson which may be Of value to 9TH
ers.
| At Chicago the lowest point of Sep
| TENDER wheat within the week was Al
cents below the lowest point of the
|
ing shows recovery Of % cents. The
position of prices, even iu view OF the
| promising outlook of the years total
worlds production. is not such as to
encourage expectations of other than
temporary depressions from this basis.
| The situation Of the corn market has
| been strengthened by the unfavOrable-
ness surrounding the crop.
July VIII Sat at Chicago closed
Ole below the highest point Of the
week, 4ac above the lowest point, and
Sic lower than week ago.
Corn at Chicago for July clos
ed at the highest point of the
| week, BIC above the lowest point and
2e lower than week ago.
Wheat receipts at primary markets
were 1. 1928, 900. bushels for the week
against 3,774.000 the preceding week -,
and 1888 600 last year.
Corn receipts were 6 sos, 900 bushels,
against 1862, 900 the preceding week,
and 4, $4,000 last year.