The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1906-10-29
WHEAT MARKET
NOT 4 BIT LIVELY
Speculation Small and ON I.istlcsS
Scalc-Price Fluctuations
Not Violent.
FLOUR TRADE CONDITIONS
Shipping Receipts for October
Tar Below Those Of Year
Ago.


lspecial % Ths Times Disyatcal
CHICAGO. October S-Tae v.neqt
market last week was divorced from anv-
thing that savored % the lively. spec.-
lation was on small and ustlees scale.
the movement OF wheat was tame. .a-
cept Tor export and the flour business in
TIE Northw~st was reported about the
worst r. has been I'm a quarter ~ cel-
fury Tho price fluctuations were rot
violent. out values were 100 FL small way
soneitive 20 little Influence.
In the Northwest the situation was
more hu'lsh than ever Tho record OF re-
ccipts FOR the week in that region nor
only shows "a big falling off from the pre-
vious week hrit shows also a larger l--
crease as compared with last year Fine
stocks ~ wheat At Minneapolis remained
about stationary az compared With the
week before. and those a. Duluth Wee
reduced boy half "a million bushels Con-
t~astlng this with an increase at the two
points o. 8 0g4 90 bushels for the Ike week
year aeo. tie situation comes ost ~
even clearer relief.
There was a note OF cheer IN the export
c.earanccs for the week. These broke
thc weekly mark for this wear crop ~
,.lss ro bushels. i tho same pace Were
kept uQ Go the end Of the crop year. tho
exports would absorb the entire Ameri-
can surplus over the actual needs for
bread ard seed T. Is not expected tho
movement viii continue on this scale.
About the first Of the year Argentine
vin boz coming into the arena ~ com
petition with advantages tlat wifi inter
fore with any Yankee monopoly During
the week tho shipments from Argentine
were as.o4 bushels The figures were
higher tIan the trade generally anti
cuatcd hut at that movement was Just
about la'f that of a year ago.
Bitter Complaint.
There 90 singular'y bitter complaint
about Pho fuIr trade So tro Northwest
A Minneapolis paper says conditions in
t.a- market have not Improved hit
and ttat many ~ thr mills did lighter
business than the woek before. Not
miN in the city IS running at ffs capacity
and 1922 -s- there Is q tIrn fo- tr. r-tj.r
some ~ those now operating win re
closed Tho shipping receipts for October
0il fan far below those ~ year
aro. Tho American export trade is very
leNt ana the Eastern firms are handling
only enough flour To fi the slackcncd
demand r' c1tiooE not ~ 4r
promising
The Argentine crop report Is provoking.
q good deal 90 auXious discussion. l'.t
d." general disposition here f- 70 dis
Ilc estimate IS the more Impressive when
So is Understood THAT the largest cror
ever RI sed in Argentine was no. within
81 'r' On bushels Of tile record SUGGESTED
r.s rfar report is taken 90
mean however. that there viii be
good yield in Pho South American re-
public ana that Europe win Gud i'm her
smart contender for foreign trade.
Turn Tor Better.
The London correspondent OF The North
western Miller says .here has been
C.e-t-rt t.-- for tr- h.ttr- Gu tho wheat
market. South Russian vheats for Ship
ment arc rather freely offered lie saws.
but are held too high ia price. while
Danubian wheats are abundant and cheap
er0uvI hat h-rf.r ~ inc quality that
appeals 70 the European miller
Europeans DE continues ARE taking
note OF the fact that the supposedly e0or-
nous American surplus does not mate
rializc. They note that primary receipts
since January LIST are so far no larger
than last year. and are far below re-
ceipts for the spending periods In
1917 r~f JOB These facts tend TO cause
a feeling that American wheat ana -four
VIII noJ he tine seriously depresslnr fac
tor which at one time seemed probable
With regard 10 Manitoba and the Cana
dian Northwest. we are told officially
that the crop wiI hardly equal that of
last year. so disappointing is the yield.
Co., Mo~1~a@