The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1907-03-25
In Many Places There There has las
Been Winter Killing in
Wheat.
REPORT CAUSED IS. A RISE Use:
Adviccs Place Years Crop at
About 12,o6o,ooo Bales for
General Spinning.

NEW YORK, 5Marcn 24.--ln tlle liiss
half or the week speculative wheat
markets afforded opportunity for
spiritcd operations, there being rapid
fluctuations although tho changes /
were neither wide nor violent On tho
whole the net changes were somewhat
inconseauentai. Part of the time tho
somewhat abnormal conditions pre-
yailinE In Chicago were II stumbling
block for the market here. All the talk
abou. the large long interest IN May
contracts there, and the comparative
~ big stock, proved to be somewhat
in the nature of q bugbear.
Course of Prices.
Supplies in virtually Nil other mar
kcts are compa ratively light and prices
have ruled steady, II not strong, on
many occasions, 4 particularly on the
actual cash property. but any tendency !,
to appreciable Improvement was usual
~ arrested by the fear that the large I
stock In Chicag might soon he thrown Z
on the market. tits. however, asserted /
that business Is restricted somewhat /
by the additional fact that part OF |
the wheat in Chicago Is rather In
ferIor In quality, and therefore can
not be delivered on contracts IN this
market which would make 1t some
what hazardous to buy in Chicago
against sales in New York. At tho
beginning flrmness prevailed In SYM
pnthy with the unexpected buoyancy
In European markets which were APP
parently influenced by the lighter
worlds shipment than expected. which 4
led to decrease in the quantity on
passage. These factors. however. were
quickly counterbalanced by the strik-
ing weakness in May contracts in
Chicago which rapidly fell TO tho low
est price on the crop.
Numerous sellers OF May in that
market were buyers OF July. and there
fore the July premium widened sharp
\ ", and moreover. the price difference
z between May in New York and Chi
cago widcned to - cents, against
cents last week. Subsequently, tho
4 market became firmer. with ten-
dency to rally. which was attributed
in part to firmer cables from Berlin.
accompanied by further and more de-
finite advices respecting the unsatis-
factory crop prospects in Germany.
In many places there seems to have
been much winter Killing. and reports
have been received OF unfavorable
prospects In the Southwest, where
there has been an important deficiency
of moisture and extremely high tenn
pcrature..
Cotton Market.
The cotton markets have fluctuated
in an cratic way throughout the
week, owing to the disturbing influ-
have taken place in security values on
the Stock Exchange. and the alarming
character OF the rumors which have
drifted in from Wall Street circles to
explain these varying movements. Al
A the opening there was heavy pressure
of liquidation and short selling. In
anticipation of a bearish ginners' re.
port by the United States Census
Bureau. This forced prices down Is Il
80 points from Saturdays closing b,
m ~. y -.
at $50. May 9.3a. July $40, and DC
tober to about 9.70.
From this low level a sharp rail-
q SGT In OIL rebuylng after the publica
ton Of the Census Bureaus report OF
Wednesday. This continued Thursday
and carried the market up 35 to 1
points. with May selling at o.74. JUL
Ola, and October 10 cents. The frcs
break In the stock market early yes
to-day checked further bullish oper
ations In cotton. and caused price
to slump about 3 points, with tn
net decline OF from 10 to ID point
compared with Saturdays closing quo
tations Of last week. The spot mar
kcts have ruled quiet. and PRACTICAL
only is lower for the week.
Moving Crop in Consumers
Hands.
The movement Of the crop continue
on q scale that Is disappointing |
the bull interests and holders OF CO.
ton generally. This. however. is stt
claimed to be due largely to the ord
having been sold. and shipped mo-
rapidly out of farmers hands tha
any recent crop. The total amount I
the crop brought into sight for tn
week. according to the official return
received by the New York cotton q
change was 222.SS4 bales. bgalns
256.204 bules last week, and 1871
bales last year. This makes tho tot
amount marketed from tho openir
OF tho season to dnte ll.sS6.442 bale
against 9,272.So7 bales last year
sI IT is claimed q large amount
the cotton now being moved fro
plantations and appearing In the r
ccipts at the counted interior tow
and principal seaboard points repr
sents cotton bought by spot dea
ers and exporters n month or t,
ago, and is now being shipped
dlstrlbutive points for consumptio
This must BIO true to conslderat
axtont. otherwise the continued hea
movement would have had depress
SsYXIXY1ytyaI s51ef