The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1908-02-10
WHEAT MARKET FIRM
WITH SMALL OFFERINGS
Interior Movement Diminishing
and Available Supplies
Reduced
CORN STRONG; STOCK LIGHT
Cotton Dealing Has Been Small.
With the Market Manipu-
lated to Operators.

NI.W 10lsh,a ftpIuufN Is.il ~
the week the domestic wheat market
were IN an unsettled condition. TIL
price changes were crratic, with th
tendency toward higher Levels. Ofter
ings were appreciably lighter ana n
there was material bettermcnt II
the demand more hopeful feeling wa:
noticeable. 1t was generally agreed
that much of last weeks heavy selling
represented unloading on the part OF
large Chicago and New York COM
mission house. Naturally such selling
was bound to break the market for a
time but II did not mean that wheat
was actually worth any less.
Early Firmncss.
The surprising strength shown by
the cables. especially from Liverpool.
was mainly responsible for the early
firmness here The strength abroad
was somewhat difficult to account for.
IN view OF the fact that the worlds
exports for the week exceeded the esti-
mates, and brought about an impor-
tant addition TO the quantity on pas
sage. Buying in domestic markets was
also prompted i'll part by fair re-
fuction in our visible supply and the
big reduction in the worlds available
supply. in sharp contrast with last
wears increase OF 2.ai6,000 bushels.
4
extent by a decrease in the arrivals
st primary points. and the expectation
of an even lighter movement In the
near future because of the reluctance
OF farmers TO let so of their wheat OF
prices now bid.
1t is generally agreed that climatic
conditions thus far have not been IA
yorahle the weather having been too
mild most Of the time. AS this is the
kind of weather most likely to pro-
mcte the growth of insect life, con-
ssrvative dealers would not be sur.
prised TO hear in the near future that
green bugs and Hessian fly were in
many cases the chief causes of the
poor condition. Our markets We're
also steadied at times by the fact that
exporters were again displaying In
tArest. having taken fair quantity
of No. ? red winter and of Durum.
The influence OF these factors was
offset, in part, however, by cables
from Argentine, estimating the export.
able surplus in that country at IA.
100000 bushels. against earlier esti.
mates of l25,Ooo,oOo to lSo,ooo,oO0
bushels.
Cause of the Late Decline.
Late in the week the market was
feverish and unsettled. with spasmodic
Variations, although in the main more
frmness was noticeable. Offerings
were decidedly lighter while demand
showed Enforcement rrto ,ctfa.
the marker spygastsa tba+ ,haro ~,
heen too r,,,tI - '.au
side ora IN. IT., 81 'Ne oeaF
~ -, tot the deeAiho
Ia nervous ana ANXIOUS to
49,, oM'ns parity 10 nrmer cables,
t1ils 1"''uths me tact that the eN-
ports from Argentine were bigger than
anticipated. Buying was also stimu-
rated partly by higher advices from the
interior, and particularly from the
Northwest, where the receipts are
diminishing. y further decrease is rx-
pected. owing to reports OF apprecfahI,.
sInalied deliverie. by farmers ~ ..o,n'
try stations. AS resi,lt tha 800
n9nt, at thc nrinrin.I cat,+,a, ~
about equal 10 ho,no ,.a,,,,. - J'.s'
.ConseouantI,, ~ ~. eiiie"ls'
I;t,Ia nv. a".io'patea'
There r,.s ,,i:' "l"s IN corn.
the local Con- U'ra moderate activity In
lions we've 49,, 80 IAaihe, ana me varia-
Will ~ .o..a, numerous and wider
kneninr, III, 80 UPWARD mainly in
1yest S3,hano IN - iieF auNices from the
seasor, n,I,t,. supp,ies are small for the
In H. VIZ s'auihs is unsatisfactory.
more ,roStaH w., iai''ters are finding 1t