Staunton spectator and vindicator. [volume] (Staunton, Va.) 1896-1916, 1898-06-16
GRsISTRADE AND CROPS.
The Cincinnati Price Current of las'
says

The Cincinnati Price-Current OF last
| Thursday says
| The week has been characterized by
| lack of needful moisture III consldera
BILE portions of the central regions. east
of the Mississippi river, with more than
| a sufficiency of moisture in portions or
Iowa. Kansas, etc. Crop conditions
have not yet been distributed in an |
| important degree, but apprehenslons
have arisen as to the effect OF the dry |
weather on the belated corn crop, and
of the excessive moisture and warmth
in other localities on the rlpenlng
grain, 1t is not so much what has
already occurred as what might follow
this preliminary feature Of an unfavor-
able shaping of conditions that at this
iuncture is somewhat disturbing the
sense of complacency that previously
attended the outlook of leading crops.
The corn crop has been developing
we'll in Iowa, and to large extent in
, other important producing regions.
! but the work of replanting is not yet
fully completed in some localities, and
the crop will be unusually uneven in
!, growth, at least in its early stage, to
! very considerable extent. While the
present situation is decidedly short OF
being assuring as could be desired, it
! is not to be accepted az positively dis
= couraging. and admits OF d shaping by
. which full average quantity OF grain
r may be produced.
The drawbacks to the winter wheat
q crop, in the way of bugs, rust, ETC.. re-
i ported here and there, do not imply
much of curtailment of yield except
locally to a moderate extent OF area,
u 80 that there is no occasion for regard
: ing the outcome Of this crop with less
n of expectation than heretofore. The
II spring wheat crop is developing we'll,
- and as a rule furnishes little occasion
=. for unfavorable comment or disap.
r pointment.
The changes In regard to the oats
4 crop are not important. In some in
o. stances the growth has become 80 rank
% as to furnish occasion for fear of fall
At ing, which would curtail the yield.
The outlook for hay continues very
favorable. 1t may be remarked, how
sC ever, that indications point to less
sonable to infer that there may be q
"A decided reduction in the production Of
q clover seed, although this crop largely
"a depends on weather conditions latel
- on. more than on the relative area un
or der clover.
ea In the wheat trade the influence o
~ dominating speculative interests ha
-. appeared to be more directed TOWARD
~ y depression of prices than otherwis
= during the week, and while there wa
. a we'll maintained phase of the marke
so for some days there is at the close
~ moderately lower position of price
~, than a week ago, after some reactio
- from the lowest point. 1t is not wort
,ns while to offer guess as to what specu
Ior lation may do in determining prices
II, wheat in the near future months, bu
10 apart from any undue effect from sue
m sources the situation appears to ADM
NO of a confident view on the basis of GU
10 rent prices Just now the milling d.
s w mand is mparativeiy restricted, an
- likely to continue so while longer.
s' When the Price Current suggeste
in July last that on a basis of $50, OOC
900 bushels on tie years production I
wheat it might be expected that 1S5
600 900 bushels would be available Il
expectation there were various crit
lisms, on the ground that such su
wn gestion was excessive. When the Pri'
hat Current the last of November mentio
ed that from July to December tt
exports would closely approach Ion
ie| O00, 900 bushels, and that a like quan
anu ity might be expected to be availab
pc for such disposition during the renal
der of the season, ending July l.,
ch- were told that president BAKER (OI u
bur Board of Trade) and other Chicat
eek bulls called the statement piece
e. idiocy." The 100000 will be e
ceeded, and the Baker faction has n
oy been obliged to import wheat for bre'
81 purposes.
,ier july wheat at Chicago clos
' 64c below the highest point OF t.
week, 24c above the lowest point, al
,AD- loWar than a. week ago
was Corn at Chicago FOR July clt
d ed Tic below the highest point of t
DIT week, &c above the lowest point a.
1c lower than a week ago.
the Wheat receipts at primary mark'
ac- were 3,774, 900. bushels for the we
re b against 468O.000 the preceding wee
tter and 2,054,000 last year.
lee- Corn receipts were 1862 900 bushe
against $4,000 the preceding wee
the and 6,553. 900 last year.