The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1910-10-10
WHEAT GROWS FIRMER 4
AS SUPPLY lessons
Primary Receipts Are Lighter, and There Are
Rumors Of Crop Damage in Argentina Corn
Recedes on Favorable REPORTS

pean Visible supply, 100000 bushels, as
compared with an increase or 10000
bushels in the preceding week, and H..
100000 bushels a year ago
subsequently the report of tne
worlds supplies showed that the grand
total had Increased only B,2Ss, 900
pushels, as compared with an Increase
OF l7'365,ooo in the same week last
year. In our markets demand was
qlllcKened by the continued small III
terror movement, the arrivals at the
principal markets being only n ilit;lo
more than half OF what they were At
this time last season,
toward midweek there was further
buying Tor both large and short ac-
count, as a result OF rumors that
drought and locusts had caused serious
crop damage in Argentina. According
to some advices, the injury amounted
to fully 20, and possibly Is per cent.
but much skeptlcism pervai!ed con.
corning this.
Late IN the week the market was UNI
settleo' prices fluctuating erratically.
No doubt the uncertainty prevailing
respecting the crop situation in Arven.
trina was largely responsible FOR
the zigzag course OF prices Advices
from various apparently authentic
sources have differed widely. out as a
RUE most reports were so vague that
nearly all conservative traders were
decidedly skeptical, and particularly in
View Of the fact that only trifiiny adj.
Vances have occurred in r.lenos Ayres
and Antwerp 1t was argued that
these markets should be the first to
so higher in case OF noteworthy dam.
ese. Consequently there was slight
~ weaker trend during the late trad
Vvy1,r y - 4
rise showing disappointment and anx-
lety to unload.
Selling was also partly accelerated
by favorable weather West. but this
was partly counterbalanced by contin.
ued light receipts at prima u points
THIS latter. however. was no. consid-
.red especially Important In view OF
the large supply in sight and the dis
appointing export demand.
Narrow Market for Corn.
IN the corn market inactivity and
surprising narrowness were salient
features most OF the week There
were numerous and erratic huctua-
lions, but as rule the variations were
firmer feeling temporarily as sellers
for the decline were eager to take
in handsome profits. which was small
wonder in view OF the surprisingly
light primary receipts and the less IA
vorable weather West. Temperature
was lower and especially along the
northern edge OF the belt, while there
was moderately heavy rainfall. but
moro especially around the Great
Lakes. Nevertheless. most conserva-
tive dealers felt little. II any. uneasi-
ness, as they felt confident that o |
record breaking crop was assured
Advices from reliable sources suggest
ed that all signs pointed to at least |
2, 975,000,000 bushels, and possible
I, 100000 bushels. Toward the close [
weakness obtained. offerings became
larger as the weather West was favor
able, and cable advices discouraging.
European markets being depressed
by the record breaking exports from
Argentina. 5,17700O bushels. Despite
this exporters have bought rather more
freely here at the decline.