The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1910-11-21

New York November 2o.-Buoyancy
governed domestic wheat markets early
in the week. but there were numerous
recessions later, and finally there oc-
Cured a sharp decline. Nevertheless
there was a decidedly more cheerful
and confident feeling, virtually all
dealers agreeing that a more healthy
state of affairs prevailed. L seemed
evident that there had been a redicaI
change in sentiment among cash deal
ers as we'll as spectators, and appar-
emily more normal conditions dom!-
mated the situation. In some quarters
this change was attributed largely to
the steady diminutioa in the move
ment from the interior, especially in
the Northwest, winch confirmed recent
reports that many farmers were refus-
ing to accept current bids Moreover
advices from numerous sources in the
West suggested that many farmers had
parted with THE bulk of their surplus.
and hence..it ,was supposed that more
than half of the crop had already been
marketed. In view OF this. and tho
further fact that well-to-do farmers
were holding al much higher figures,
1t was the general impression that the
time was rapidly approaching when the
visible supply would begin TO dimln.
ish, and especially as the recent in
creases Were largely brought about by
accumulations of wheat at Atlantic
ports awaiting shipment
Initial strength was largely In SYM
patty with higher advices from the
Northwest, and particularly from CHI
caSo, where December advanced in 81
conspicuous manner, which seemingly
corrooorated recent reports that two
or more large professionals in that
20 tlsasi 100,
long interest, Buying was stimulated
by continued complaints of drought in
the Southwest, where the nlant ls said
10 nave an unhealthy appearance
These factors Were Offset partly by dis
couraging cables from United Kingdom
markets, which We're Influenced by the
heavy worlds shipments which en
braced another huge contribution from
Russia. over 100000 bushels. which
brought about fairly large increase
IN the quantity on passage. These fac.
Tors were IN turn partly offset ~ corr,
paratlvely strong French markets
which We're caused by reports that
part of the wheat recently receive 4
IN Hayre had been injured. owing tai
the scarcity of storage and TRANSPORT
tatlon facilities. II was stated that
some Of the wheat was lying on the
ground exposed TO inc weather because
of the scarcity OF cars and engine; TO
haul It The uptnrn in domestic mar
Kets was checked partly by the uneX-
pectedly large Increase in the visi5io
supply, but this was largely caused by
the accumulation OF Manitoba wheat
as previously mentioned Subsequently,
the buoyancy was traceable to
stronger tendency In European mar.
kets. and particularly Liverpool and
Paris, the latter market being innu-
enced BY too much rain 'n France, while
LNerpooi was affected by the drought
IN Southern Argentina
Lower Prices Later in Weck
In the last half of the week prices
nuctuated in an erratic fashion. There
was further temporary rise, but at
forwards the trend was downward.
nearly all of the early Improvement
being lost. The wagering course OF
the market was without particular
Significance as rule, being in the
main traceable 10 speculative infu-
ences. Traders We're of the opinion
that big professionals had succeeded
In driving shorts to cover, and as soon
as this demand was satisfied the mar
ket quickly fell back.
Nervousness among shorts was still
attributed to the dry weather West.
small primary receipts, fairly big ship
ments into oonsumptive channels, and
uncertainty as TO the probable ex-
portable surplus in Argentine, TN
favorable weather In that country has
Doubtless caused deterioration and nn-