The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1908-03-09
WHEAT VERY FEVERLSH
AND BADLY UNSETTLED
Numerous and Erratic l'luctua-
tons on Record OF Crop
Reports.
CORN STRONGER, BUT INACTIVE
Cotton Unsettled, Last Seasons
Crop Being Thrown on the
Market by Planters.


-
us NEW YORK, March S.-pomestic
wheat markets were extremely nervous
much of the past week. The price
changes fluctuated with great rapidity.
making 1t clear that the numerous con-
ficting market factors were causing
heavy liquidation for both accounts
The first movement was toward lower
levels, but the nervousness of scalpers
and regular room traders led TO rallies.
40 that after all the net loss was UNI
important. The early weakness was
ptraceable mainly to disappointing
cables, and especially from Liverpool.
where prices failed to feTect TO any
important extent our strength late last
week.
Cause OF the Foreign Selling.
As has often been the case lately, the
depression in European markets was
due to the liberal worlds exports and
the big addition to tile quantity on
passage. However, this was Offset to
some extent by the strength at Berlin. !
Greater firmness later ensued in aliil
European markets because OF reports
that Argentine exports would be small |
cr, and would continue to fall far be- |
low the recent huge totals. as the first
rush of wheat from farmers there was
concede that European importers will
have cause for worriment in case the
2 weekly ctearances from Argentine fail
= TO reach the 100000 mark. as such a
: quantity must come from that coun
try in order to bring the worlds total
zip TO the import requirements. Hence
9 II Is evident that Europe must soon
TOOK to us FOR more liberal contribu-
.,ohs' as, WIN we eAsept,oh Oh Arseh-
tiIe. Noith a'leflca Is ViI'uaiiy alone
as an exporter a. present ~ shouid
ohlS small quah'.tiss 70 exporters since
Wv YES INNING Oh isVs' anu hehce the
a" , rom ms coast must pc
eIeHt ueal sii'a,ler LOT the rest OF the
~. op untess prices III europe
s''oN'u Az "i'ee ~
Probable ESportnble Surplus.
The increased frmness later was due
:. to private estimate on the farmers
reserves placing the total at only 1885,
100000 bushels, roundly 2s.s per cent.
of the crop. whereas last year the total
was 2os'ooo,ooo bushels. or 24.5 per
.eti.. o. .he crop from this IL was
n.a,', .na1 shouta n NY an eN-
,l s p!us ~ oliIs oiVVV'ooV push
81. ioi Sie ieii'di.Iiis iouf months OF
al. .nis 800 year, me ihsishlncance OF
ms .o'a created ihucn nervousness
s., VINO were also
(. .n. 1852 ps me continued shail IN
i',u VIZ. no pfospect 1or
any enlargement IN the near future, as
iIver,as Tba s,,rnrist,,ar,,. go
crease in the worlds available supply.
compared with a year ago, tended to
steady the market to some extent
Unsettled Towards III. cIox.
r.. -,
.,hno+ aa1 % 'ne weeh the
- -, ,e'iieis ieserlsh
81 gu 49,. eu ~ .he one hahd'
battnr anan. 1870 .eiiipoiariiy py
ars, ,osai, Ne inoluuihs sew
for sontb frtoa 49, ~. splihs
io,a, nul .iiis was counter
nataa ps ene dlscouraslhs tenor of
danrossal, -. ~ psaii MAJ pelhs
st W wy uieApec'eaiy heaNy
f,,r,ha Fl - anu also py
nar,ah, H, epeeeiis' me eA-
-. uipius IA ttat country. the
1s aiseu 60 io4,VVo'oVo push
h, $500. ~ ~ sot'ie iiauioalioh
~ ous CTS ior tiie Use.
More Activity In Corn.
There has been only a small business
In corn, but nevertheless the buovanrv
was largely in sympathy with hirhcr
advices from the West although nart,,,
owing to cable advices, which placed
the crop in Argentine at only 12s. 900
] UuU DuSnelS against 1S2,4O0000 bushels
in 1906. but the crop of 1907 was a mar
tial failure. being only 67,2o0.0oO
bushels.
co,+on ,,,rL.,
e r,,
.o.toit iiui Aets nave iluctuated
,,h q ~ eiiatts manner Throughout
90. ! nc ouli movement
81 iott'er operators toward
a'le $50 Vi iast week was continued,
IT. pi.ees up 10 level OF 80
Eohr 80 po" oe,,, rom .ne 10" hsure or
49, ny NJ Wy "eohesoay morn
ne, NJ ,ano op'ioh tnen SOLD al
~ way sr., iV'so, July lo'fo, and August
49, ot ms movement however did
w. me-. WIN the response expected,
Sm spln'ieiS ana exporters also re-
i,n,s ~ DC ihliueticed by It., the mar
ny siiice peeii reaching under
49,, - w. 'eseil the heaVy lines of
a., .,,,s coa'i acts accumulated dur
irs 80 r,,bes az , ,.e, me market closed
.'t,. e. "a. e., %eah cohoition YESTERDAY
ai.e a1na. 90 ,. ICES showing declines
- 2 ito'ii ~ " o. polils from We'd