The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1905-10-09
WORLD 4 MAY BEG
FOR OUR GRAIN.
The Outlook Is Bright for the
American Farmer
and Trader.
ARGENTINE WHEAT IS SHORT.
Startling Failing Off iii Ship
incnts From That Country
and From India.
Special Is rhe rimcs. Dispa,ch.)

wheat market than Is now going Oh
between this country and Europe. The
horoscope abroad Is beginning to read
well FOR the American farmer and trader.
Importing countries Of Europe arc wait
ing and waiting for price concessions
here. Thcy are surprised and dsappoint-
cd ut the strength which the markets
III this country maintain Manifesuy,
they are beginning to think the day Is
not far distant whom they will be oDnged
10 call on America for necessary bread
stuits.
Tno call already has been nadc-a fee
BILE call to be suru-but one which may
he fuller of significance than the trade
generally understands. Manitoba natur-
ally has the inside track on foreign de-
mand because OF the prices she Is able
10 quote for an excellent brand Of whea'
but Germany Is in the market for No.
L Duluth grain. That fact made the
trade put its ear to the ground and pleas
ant rumblings were heard from other
nations than that OF the Kaiser.
Great Falling OFF.
Along with this news came adylces
from Argentine that the shipments from
there were 10000 bushels below those
Of tho preceding week, and from india
that there was q startling railing OIL OF
shipments from there. A Beerbohm Gu
Bile brought tho information that Ger
many would need to import 6S.0ooOoo,
bushels OF wheat and France 4i,oV9 w
bushels, 1t was said that Germany Won q
buy most Of her supplies before the first
of the year, thus permitting America to
get inside the time limit when the 25-cent
duty on wheat goes into effect. ~
Shipments from Russia and the Danu-
bion country continue heavy, but Europe
Is easily absorbing I'LL offerings and Is
apparently casting about for more salts
factory purchases now Instead of waiting
for Argentine to come along with n It's
quota several months hence. Russian en-
ports are expected TO be heavy for sew
eral weeks. but there seems TO be an
inclination to give up the Idea that re-
lief from that source will bridge the In
#tee..egnum between Russian lnd Ar
gentine contributions.
Bull Element Working.
Diges1ing all these considerations, q
strong bull element ls living up TO It's
convictions more strenuously than ever
in the markets Of this country. All for
egn and domestic markets arc stlffenlng
up and for the first time this crop year
there is an array OF substantial argu-
ments In favor Of the much moo,ed
theory that the $50, 600. COO bushel surp us
raised by American farmers will be
marketed on nattering terms This con-
victlon has been communicated from the
professional trader TO the farmer and
the miller.
N1llers are keeping tho primary mar
kets well cleaned UP. Reports are COM
ing in from the Southwest that soft
wheat will be scarce In the near fu-
ture. Northwestern country nlillers de-
clare the flour trade Is excellent, one
large concern reporting It's output sold
for a month ahead, most of 1t for prompt
shipment. Eastern mlllers arc after
wheat and some of them are having
hard times getting It,
Much Grain Was Needed.
In its larger domestic aspects, the
wheat trade presents q promising front.
The manner in which deliveries South
west and Northwest have been absorbed
without any burdensone accumulation
OF stocks indicates that Il great deal OF
grain was needed to fill up the hole left
by tho deficient crop OF 1904. This fea-
ture of the situation Is the moro re-
murknblc when 1t Is borne In mind that
lIHcrel HAS DetIl uO lOIclSll oullct W SpGdA
of since, tho first of July. Bradstreet'H
shows that for the period mentioned the
wheat and flour clcarances from the
United States and Canada have been
equivalent to 17.099,O9O bushels, MS COM
pared with 10,3O9, 900 bushels a year ugo
when the total yield was 15O,00O000 BUSH
II els, .belowsthat OF 1905. That prices have
1 been4 so we'll maintained In the face OF
this stubborn foreign resistance to Amor
lean terms shows conclusively the UNDER
stratum Of confidence in the future. Tho
American farmer has yet to be convlnc-
cd that no must sell his surplus at q
disappointing sacrifice
Immense Corn Crop.
Interest In the government report on
the condition of corr, to be issued next
Tuesday is discounted In advance By
the persistent and universal reports Of
record-breaklng Yield. Tho fear OF
frost has quito gone out OF tho market
equation. The country. might exper-
cnce a positive freeze now without suf-
ferlng materially so far as Its maize
prospects are concerned.
Tho strength of tho market Is indi-
Gated by the fact that the bears are
unable to make any appreclnhle break
In prices, despite the weather and the
progress OF the crop toward perfect ma
turlty. There is strong demand from
LIVERPOOL, For the time the market Is
largely OF speculative making, al
though there Is a legitimate demand, do
I nestle and foreign. for yellow corn at
good premiums Deliveries on the new
crop will be small for some time yet.
Oats Are Strong,
within domestic oats crop smaller than
that of a year ago and with Russn pro-
ducing loss oats than 1t consumed a year
ago, to say nothing of healthy general
demand on both sides Of the Atlantic,
tho posltios OF this grain is strong. Ph'la-
dalphia and Baltimore are lust now dos
Ing the bulk of the export business their
standard OF export Grades being some.
what lower than those OF New York,
giving them an advantage. Country ele-
Yators have not tho supply they had a
year ago Prices are considered small
compared With corn ard conditions seem
to favor an advance.
Total packing Of hogs was given as
ef, OrO fnr | he week, q 2COnlDare vi til