The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1907-12-16
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Discouraging News from Abroad
sagged the Wheat
Market.
CORN SHOWED ACTIVITY
Cotton Broke on the Government
Announcemert-British Spin
ners Have Good Stock.

ste -
NEW YORK, Decemper TONNES l1I.s
TIC wheat ,iia.he.s nut ~. &c IN.
.oM go. - ,.,,aat,o ,noinlv IN the
49, ,i,a,,o,, fei,ow,nr the financial
,,,s.,,r,ance n &c evident that the
- ail,,res have disturbed senti-
,i,a,t ara tba big nrofessionals in the
1uast sni,ed ,ba opportunitv to raid
49, ,,,a.,,et ,,tgoroislv.
.'g me- go, =, Laye rea,ized flint the
80. strir.a1ey nnd the general feel
ats.,s,,s. 2boya taken. tho nerve
u ., ~ troasrs who would under or
-. s,,si,;a,s ho fr,,l, resisting
49,. ,,or,tinns and hence in their
.,o,,,,ras ~ ,1anrass values they.
,,.', ,,asr ahla 10 annlov factors that
ponId receive little or no considera-
ton. For one thing. they have laid
great stress on the weakness OF the
cables. although keen observers real
ize that such a factor is of no import
nnce at this time. for the reason that
we have already sold about so per
cent. of our eXportable surplus, and
hence need feel no uneasiness as to
what disposition is to be made of the
small balance. especially as the crop
year is not yet half over. There
might be some reason for anxiety II
we had not succeeded in finding a
,,,arket for MT leas; so per cent
o,. -, Exno-,.
Recently the sh!p!Iichts VI
and flour as Wheat IRON WIS WIS e,'',i 49,
have averaged around o'ouo'ooo ousn
els weekly, or more thali nan " tne
worlds total. IN spite Oh our ,'peln.
ciea.aiees, wy .qua ,,,,.taa t,a.
saiiar shnr, of tho estimated require.
- ~ mo ,,,ortinr co,ntries. AS
as,,,, ttc u.nrld,s ovaflah,n supply
- sa,a,,a,. h, osc os nm bushels than
=. <,a 80 ora ~ sho,,,d he
- - ,,i,,a ,hat stotks IN canada
,,s aena+ ro,. nv In rurone chow thc
-. ,,s,,,,,.,,. a.eo,onces
''''p
\ Hat In the Dowi"ard SWING.
The downward tendency was arrested
for time early in the week by the
December report of the Agricultural
Department. the condition of the win
ter wheat plant being given as three
points lower than in 1906, or Gil,
against GAL. The acreage was reported
10 be only S1,0e9.000. compared with
3l665,000 last year This reduction
caused cohsiderdple colihaeht. as ~
49, nr,oas o,,,.rant shou,ino an Oh
$50 ~ at,o,,, 90 na,,s o,.a,. 1,st ,,nar
far,,,.,.s ,.o,,I, no i,d,caa 70 a.,.o.a a
,a,er., .ra. ~ ,.bo,t ,rbot tba, aid
49, A. ;na;catas ,bat ,hsw r,,,st
he ,ettins t,etter rasuits fron, othe,.
crons Tb. renort Indicated a nro.
d,,ction ~ ,bor, ao7 ese noo hYebo,s
c,,,,raro, ,,i,L ~, ;ndicatir,n ~ ,,oar
of annroxirnofa1v 40 0oo ooe ,msba,s
b1sCuuEaS -NCNS IEOln .ADTbNu.
Late in the week there We're few
further changes OF Importance, trad
Ing being characterized. by about the
same features as previously noted In
other words, traders as rule We're
IN waiting mood, and displaying
little animation or confidence. AS re-
suit there was further slight sagging
tendency; but, after all, the net
changes We're inconsequential. 1t was
easy to perceive that the narroWness
~, ~ 81, 49,. " tne sedle
stress wos I.id ,,non M a;snn,,ra,,in,r
,enor of coh,e adyices h,,t ,a,,ar,i,', e
loss many conserv,tiva r,.r.l,,,t, 49,,
beoinning 70 sea nm tn;s - ~ 80
nearly as much imnortanca 40 II wouId
he. il, or,lina,y saoeons
Nofh 'i'r'Ses Ac'hNe.
Early IN the week the speculative
corn market was flat and sluggish.
with slightly weaker tendency, main
~ in sympathy with wheat; but after
wards the demand became more ani-
mated, and with offerings small, all
the early Joss was speedily recovered
and more. too. ,"Indeed, a feeling Of
greater buoyancy prevailed toward the
close, ascrlbed partly to light stocks.
disappoihtins shipments from the in
49,. 80, VI. ..' ~ ~, uiieue' Sls
80. .,..'l. .. :, $3.50, iomh o't.e
sis.;. - 20. ,'t' u'a ~ 81 III
s',ai,a,ne stop oo o. o, NY -ao'o'e'foV
p pusl.o.s, asalhst seo'o4t''oo year ago.
iei,iai'a ioi polh uoiiies'lc ana en-
po.. dueouhl mas peeh lar, but busi-
ness was reslricted oS me meagre
supply OF af% merchahtablc quality
tac', thefe IS almost no old corn on
otieF' Mliie the new is IN most cases
700 soi'
Cotton Market.
Tho cotton MARKETS or ,.,,,o
t,ronrbont ,ho ,yea,, ,,t,,, 80. 49," NV, ".
snd fra1nent tlno,,,n,ia ~ a'is sta.i'
volume ~ husiness conar,', :, t,pa W
has been rn,,,,,, ,,i,, WV
A.