The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1907-09-30
Factors in the Recent rise.

4 81
"A strong factor in the recent ad-
vance was the active buying Of both
spring and winter wheat by exporters.
Clearances to- date Of both home and
Manitoba wheat and flour as wheat
have lately averaged nearly, 10000 700
age cannot be maintained A weekly
average Of 100000 bushels at this
season is considered good In view OF
the probability Of our not being able
to spare much more than LOO. O0O,0Oo
bushels for export for the Whole year.
ment II our exports shrink rapidly IN
the last half of the crop year.
Weather and the Markets.
Markets in Minneapolis. Duluth and
winnipeg were chiefly affected 1t by
the much colder weather in spring
wheat territory, and not bly, on the
Canadian side, although 1t seemed TO-
be the general opinion @ that the
weather was hardly severe enough to
lead to further crop injury 4 this be-
ing based upon the belief that q light
frost now could cause little II: any,
further damage. Reliable authorities
state that the Canadian crop will not
exceed 10 100000 bushels, compared
with 100000 bushels in 1906, h and
it Is stated that Of this amount only
$4,000, 900 will be Of good marketable
quality. The major part Of Canada's
Yield will 81 therefore. be. absorbed BY
4 her own mills, thu/ closing one more
channel to the European wheat buyer.
558 4. More Interest In Corn. a
There was rather more life in the.
spe culative corn market, although the
volume Of II business was by4&no means
large. Price " luctuatlons& were 81 more
frequent and wider, but the trend was
the u West for domestic account, and
4 the much colder weather, with fears OF
A deterioration, causing S$strength.9 Trade
l|lnNcash corn for early delivery Il was as
4 meagre% supply and the muas13 higher
|clairns of holders, but more was done
Hin No. 2 TO arrive latesSin tOcto Der,
and early in Nove>aber, I at figures that
. seemed low compared with spot prices.
, @55 Cotton Market.
n The cotton markets have been very
J Irregular and unse tied Sthrou 81 outline
Of values has been toward q gradual i
lily lower ! level This is chiefly there
'i|sult OF the continued absence of out
!, |side speculative demand to any extent
!, the rapidly increasing =.ovement n
Z marketing the new CT op...5 a bout t he
q only support the mark It has received
! has come from the covering OF shorts
2 BY IA prot essional operators, u and the
Imanoe uyring OF some OF The =. large $
]: ing basis. Prices broke sharply ga rl5
i in the wee under rather aggressive
y bearish operations on these ditions
1 but were rallied smartlyf alter on sornt
8 OF the big operators switching 33 ove1
+ to the bull side for q turn, and SOM
d effort at manipulation in connection
. VII tn a, a ia disposition to stir up q appre
y hension over the character OF the COY
2 eminent crop report and the possibil
I ity3 Of frost n scares from the heay!
frost which occurred in the northern
: districts OF the corn belt this week
Lower g Quotations In i All Markets
!, he 4 market closed last nj 6 htf T
VI the general listSof options here snow
IA ing net decline of III bout thirt
0 points from the closing quotations 9
o last Saturday, and with the range&o
4t values not far from the lowest sine
n early 81 last y une. ~ The Liverpool an
n New Orleans markets show; a. CORE
- spending decline, ff and prices for spo
= cotton at the principal receiving point
!, in the Interior and att the 5{ sea boar
~ |ofAthe South have fluctuated in sym
" pathy. III The action & OF * the market
20 throughout the past month has bee
81 very disappointing to- the crop-killer
)0l and advocates Of @ fifteen cent cottol
10 (which have been s ots{ numerous frol
10 the opening OF the season and out
n side bulllsh speculation continues $
55 nspicuously absent as to be sui
n jectS OF general comment .s45s Fl |s5f