The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1906-08-27
OUTLOOK NOT
VERY BRIGHT
Little. Activity II. the the Wheat y
Market During the Past
Week. y
TRADE EXCESSIVELY E: J I ''E:l DULL ~.
III q III . .-- 49, 55j
Prices May GO Below Seventy
Cent Mark Mark Before Month
5i Closes
EXCESSIVELY DULL

~. \ 4, I n ,rho r,me. .1oIlnnlch.,

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x Especial to Tho Times -DIGpatch.) I'd
CHICAGO, Il LIZ. gAug gust &c. There has
been little activity III the wheat market
during tho last week. For tho first two
days the market rallied and managed to
Il ret into the seventy-cent class after. the
slump Of the previous week, but It was
unable to remain firm above u cents,
and the week closed with tho quotation
I at & 7O7-s cents. The outlook / for the
market Is not very bright, and unless
something unforeseen happens, It is pre- pre-
5dicted that the price will be below the
10 cents mark again before the month
closes. III 8
58 Trade has been so3 dull that brokers
find themselves without any orders to
execute. 81 THE market has offered no at
traction whatever to- outside buyers, and
local operators have not felt disposed to
d., much, ono way or the other, owing
Il, the lack OF important developments.
There has been nothing in the way Of
newG from abroad to suggest reasons
s for surprising that foreigners were to
become better buyers OF American wheat
Y in the near future t han they have been
j III tho Immediate past. IL 53
were too large, are too large. to feel
any pressing need of coming to this
country for supplies Argentine Ship
me1,ts for the week were ] 90, 900 bushels.
compared with $4,000 bushels the week
before, ana !, $50, 900 for the Same period
d year ago It Is the same old story
+ Of the crop conditions in r. Argentine
market firm III demand poor; arrivals
light, but quality satisfacto tory .' ''5
Conditions Elsewhere.
In the United Kingdom, the crop re-
ports are favorable In y France the
thrashing returns are cling, and
from Hungary comes reports OF p big
crop, n Russia. the southwest arrivals
show y mod crate II Improvement, but the
quality IS Tar from being up to the
standard. Under such conditions the
prospects for 10 heavy export trade have
fallen OF considerably a
There is every Indication that the9new
crop marketings 3of the Northwest will
b fairly liberal mex ts3week, The trade
4 Is waiting with much interest the first
definite reports as to the probable amount.
{ There are some Ereports1o IL Disappointing
Tthrashing coming from minneapolis hut
the general opinion seems to- be thai he
v aggregate yield In the Northwest Will
tie satisfactory. T he crop In n Manitoba
\ IS nearly all cut and many Of the farmers
sli, there have started to thrash.
II appears now that the total crop In
the Northwest will be but, an average one
at best. There is pro o ;, that y
VIII 5be d little below the II averng &c 81
ord mary spring wheat The most re-
liable trade reports Indicate that despite
the liner eased area seeded In the Cana dian
northwest the total yields will not great
" exceed last year g. crop. when the
conditions were almost perfect.
While indications point thatEtlle spring
wheat raised on the continent this year
WILDE only Of fair volume. there. never
ia tho market for a time at least. pro-
4vided tho weather permits. ~ this
fea ture which is now offering the problem
to the wheat traders " i5 s. 4
"A crop expert who has tudled tho cons
Edltions in the Northwest, says that last
week was yels. favorable, for the harvest
and that most Of the wheat Is now IN
shock. Is
THE Minneapolis flour output decreased
20, 900 barrels ! asst week. but "a ig$ Increase
Is predicted for next week as the largest
milling capacity will be In operation, The
3decrease In flour sales is attributed 10
the decline in wheat quotations.
Corn.
materially Improved the prospects for
tho crop iowa al the close OF the week,
hut little changokas a; whole was notice.
able when compared with the conditions
n week previous. The sale OF a fair guam
tity of Cudahy had a decidedly unsetting
effect on the market. The heavy absorp-
ton OF all offerings. however, on the de-
cline indicated that the weeks buying
was fully as good rs the selling. Coun-
try acccbtancea we're moderate and largely
OF new corn for Deco amber sh lpnent. Tho
available supply OF cash corn here was
small, shippers reporting that they were
unable to iii n cargo ,nt1any price. East
ern buyers, however, were not bidding the
market up. Argent tine shipments for the
week We're about 100000 bushels less than
those OF a year ago, The weather con-
there is every Indication OF o largo
yield, IA
Oats.
a} Flrmness In the oats market has been
lacking. What was heard OF the excel
lenca' Of tho crop In Nort.1 Dakota and
the Northwest generally had a benrish
effect on the market..s
N rho week closed with September quoted
ut 20 SIS cents. Spectators, at the close
OF the weeks business, MAIDEN raid on
the market by selling moro than they
could absorb, This caused lrany to un-I
load their holdings The crop, when
taken In tlfe aggregate, Is not as short
as was estimated several weeks ago,
Heavy Yields In the Northwest have, to
a large extent. Offset the shortage known
to exist In Illinois, X. s VI III
THE highest Degree Of earthly happl-
ness "a qulet-Dr. Johnson.
ut Ia stated here that moonlight bath
Ing liz popular at Cape May. Popular
With the rights, suppose. &c leyeland
Plain Dealer.