Staunton spectator and vindicator. [volume] (Staunton, Va.) 1896-1916, 1898-07-07
GRAIN TRADE AND CROPS.
The Cincinnati Price Current of last

Il
The Cincinnati Price Current of last
Thursday says
The situation of the corn crop has
manifestly not suffered deterioration
the past week and may be regarded as
moderately improved. Growth has
been favorable as rule, and much
has been ACCOMPLISHED in overcoming
the drawbacks from lack of cultivation.
Particular localities, here and there,
continue in a discouraging condition,
but in the larger portion of the area
of the corn belt the crop is assuming a
condition admitting of fairly good re-
suits. The total acreage may prove to
be somewhat less than last year, but
the decrease is not likely to be notably
great.
The later information concerning the
yield of wheat is suggestive of a ma
terial modification in expectations, i'm
plying an important extent of curtail
ment in calculations compared with
earlier views. The influence of rust
and of other adverse conditions since
the first of June appears to be unmis
takably serious in many localities, and
the evidences as to yield of grain where
the crop has ripened and is being har
vested are indicative of disappointing
results. The outlook can no longer
with confidence be spoken of as favor
ing a record crop. 1t is not likely to
exceed in quantity the production in
1891, and may fall short of the under
stood yield in that year, of say 675, 000,-
600 bushels.
While the adverse condition concern.
ing wheat are chiefly in the winter
grain regions there is complaint from
portions of the North west, of a nature
to suggest that the high expectations
which have been entertained are not
likely to be realized. The July exhibit
of the Department of Agriculture may
be confidently expected to show q de-
cided decline in condition of both win
ter and spring wheat in comparison
with the showing for the first of June.
An unfortunate feature is the indica-
ton that the causes for lowering of
the yield imply to large extent de-
terlorated quality, and it is we'll I'M
derstood by the trade that quality is
Oppressive influence in market condi-
tiOns.
To some extent the oats crop has
suffered from rust, but not very seri
oasly, so far as can be judged by cur
rent information.
The promise of large hay crop is
maintained There is likewise an en-
couraging outlook concerning pota-
toes.
The close of the week finds the Chica-
go wheat market higher than a week
ago for Septemb Der and later deliveries,
after having had some depressions dur
ing the week. The trade has been
much inclined to discount the influence
of an unprecedented surplus. But the
surplus should not be expected to ex-
coed, or even to equal. that shown, for
1S91-and for that crop year Chicago
cash prices from September to July
1 ranged at 76sa99a, averaging about
SO cents.
The Chicago corn market has been
moderately variable, closing fraction
ally easier than q week ago.
July wheat at Chicago closed
14c below the highest point of the
week, 24c above the lowest point, and
&c lower than a week ago.
Corn at Chicago for July clos
ed &c below the highest point of the
week, 1c above the lowest point and
1c lower than a week ago.