The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1906-12-31
Strength Of Last Week SUGGESTS
Higher Plane Of
Values.
LIVERPOOL AND PARIS STRONG
= Feature TO BE Rcckoncd VITA
Is That Not More Than One
Tenth of Wheat Can Be Used

CHICAGO. December oo-It looks as is
tho year is to 20 ont with more than "a
trace Of buiiish sentiment IN the wheat
markets. After a few DAYS ~ dulness
and the Christmas holiday. the end ~
TIE week Was featured hy a. strength
that suggests faitn ln higher plane Of
values soon Co be- established
lHc strongest testimony came from
o. ross tle sea- Liverpool and Paris
markets showed unusual nruness and
antwerp was steady. English markets
were affected materially by tine smailness
a. tle receipts from the Argentine Re-
i''t"i.r. sifi tae tendency tIer, ts insist
on h.Eh prices for wheat For Tire vseel,
thc shipments from Argentine afuDgntr
Z" only -,s "1 bushels. as comTa. -d with
s'oep bushels tho spouding Week
a year ago in NIew 0f t1e fact tn.f
harvesting generally is ro.us on undrr
favorable auspices. anG fno outlook is
Tor crop ~ the first rank iu both
quantity and quality. Foreigners ver.
pit'inpt 70 read sign.hcarce iu this CUT
tng down or the movement. which exc
tended from tho sea coast into the in-
terror.
London authority sums ur the feel
iae in Europe bv saying that Canada and
tnc Initei States VIII he called ON 10
FURNISH $4,000 bushels Of wheat a week
cpi.nE tne remaining SIX months o. tte
crop year. The growing opinion is that
during the reoond haif ~ tho season
Russian supplies Will run very short.
since August 1st RrFsir's supplies a~.
p -rlr forty per cent below those o. tho
2'ar before Prom January 1st ~ Aa-
EHrt lst. thrv ore expected % show
even "a greater percentage Of reduction.
ono 81 f.c features that SIS 10 be
re Honod 81 What not more tfar ten
peF en'- ci Tho stock az wheat h-tI at
odessa is of tne sort that English mill
crs can mako use ~ tle -four The lou
quality BIAS qlickened ihe demand Tor ih.
tA.eii"nt Manitoba wncats. and under
tAe spur ~ this demand Manitoba prices
nave appreciated witrout materially enc
ialans t'e quantity offered
inaiA ls not expected O. 10 beyond last
Sr'l shipments except az higher prices
t.an no" obtain and Australia. AL
t-'asN having more wheat taan "A wear
ae' Nil not deliver wheat IL Furone
j. serious Quantities until Nav. W-fth
tnr-e statistics ln nind thcre IN more
N-nfy abroad Co hook 20 America FOR
supplies.
Comfort 70 Bulls
or the main home Influences comforting
i-e tl-s ls tNe falt that supplies in
fn" northwest have again becoiu. COM
TaratreIr small And tfI4 ir ftc.. ~ rre
l..' i'aL ihn Weather in fNc spring wheat
.+''t'-nt- r'tt for the mar
ketns ot s.aln and 10 rgettlrc- % Through
hy rail Ilo eject of Ills r.,t-e.. .-,,.'-
H0nt is 60 FfrrnE- -eu t.o belief tlat
"t 20 two durils t.e crop wear. he the
rr-cr inducemtnt WHAT % mas. VIII There
, som" TisA ~ wheat from
sf,~l. ~ r,.I,,,. al -'.,, -on 81
g. tntr rr,.,r,..,..., a.. ..'.. -.N'
irr1 ID ts W. b.. 8. ,-t
because lilo rro-.-.l. -s,.. 80 .,..i, '--- i.
now in f4rrr ~ ft
10 - something a. a drr.-.e~ ~, .ao
buf view tiat trr-s Is nor e~.,t.- ia
~ the Sour markets % 81. co,,r--,. -r
q neral teuor ~ tne f,orr r-ro~+. te tr,.
while there is fair domestic demand
wIta tendency o. broaden. There b. also
discouraginrly littla doing in foreign bust
ncss in -four. Sales arc made in small
lots
e. mao, .-.., SONS Amer.asn mIiers in say
g. Ill. f.~c, s+,~l.. 80 NelE'it
elevators retr-+ s....-- - -~
private elevators ma. 3D.. ........,. guy
nearly f5.oooo, b,ep.fs a.. ,.-'-,-,-.- .,
acnl.1i0 bushels f.. ,,-.. 80 W
ago
Attention is called % +fo Gao. .h.. 49,.
visible supply ~ wheat IS orl, . -oo IN
bushels in excess ~ that of laet ,e,r
whom prices We're I'D cents a hr,ebaf bir.l,e~
and 10000 bushels more than =, 1oot
The year or black rust when prizes were
nearly 30 cents higher than now. These
comparisons together with the uortrairure
~ general world conditions. lead some
traders 20 the assertion that wheat IS
The cheapest commodity on the market
to-day
surveyed broadly the TRADE opinion is
about this. Northwestern receipts DO not
promise 90 expand; the time for q re-
pienlshment OF the flour supplies ought
% Doe near az hand. Russian shipments
are confidently expected 10 play less and
less part in competitive business. Areen-
tine and Australian wheat will not press
forward upon European markets for weeks
% come: ergo. present values are firmly
grounded and the future promises wei
for new and better plane OF values. with
little chance for much bettcrDent until
after the first OF the year.