The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1911-01-30
OFFERINGS LARGER
BUT SUPPORT FEEBLE
Wheat Irregular and Depressed on Account Of
Speculative Influences Many Conflicting
Rumors About Bull Campaign.

New York, January 29.--Domcstic
wheat markets We're unsettled carly
In the week The spasmodic liuctua-
lions We're attributable TO speculative
Influences. Many conilictin. rumurs
from Chicago TO the effect that lie
big bulls had been unloading and then
tebuyins, had q great deal 10 DO with
the nervousness. At ono time il WAS
said that Armour brokers had thrown
several large lines on tile market
which caused material weakness but
almost immediately thcrcaftc prac-
1cally tho SAME brokers were repre-
scented to be buying again, the orders
causing 4 sharp RAINY. In the opinion
of many dealers, these abrupt changes
merely indicated manocuvrinr on the
pait Of the big bulls in order to
strengthen their grip on The situation.
AZ the outset the bear clcmcn, was
somewhat clated on the ground that
The deal had come 10 an end but un-
b used traders considered il absurd
10 Imagine that such large traders
would hastily abandon such Il deal at
This early stage Of the game, especial
y when they probably could not do so
without :, loss. whereas hy lighting it
out they might squeeze the shorts
successfuliy in case bad weather
should eanse cror damage in this
-colntr..' oY. clscwhcre
'"HSc pt tue heccB{ Decline.
II was he consensus of opinion
among unprecedented members of tie
trade tilat the recent fall in prices
MAS PARTLY engineered by the bulls for
INC purpose Of shaking out small hold
. riS and encoura ging the growth Of
bcariSh sentiment Experienced cam
paISncrs realize that il would lie poor
po!icy for tho bulls 10 force an APP.
preciahle upturn a, this carly DAY. Tile
= :. al ina t,,i,.
7ributed 10 somewhat favorable ca blcs
European markets having held ,,p re-
markably Well Notwithstanding the
biE break on Saturday E'irmnes.;
ABROAD and particularly in liverpool
was ascrihcd 10 less faVora bic reports
from Argentina ana 10 decreasing Of
F1etings of cheap wheat for forward
shipments from Australia, Manitoba,
and Argentina These influences we're
parily Offset. however. by uncxpcc,edlv
larger receipts al Minneapolis, and
niitlS by reports OF general rains III
oklahoma and Texas, where moisture
was na Oily needed, But tho weather
NAP showed no precipitation in that
quarter Weather in Western winter
wheat territory was somewhat TN.
faNoYahlc, The temperature being un-
seasonably high and consequently
alternate thawing and freezing was
feared. Therefore n hcavy snow
hlanket would be highly Welcome. The
frmness was also partly caused ~
the big decrease IN our visible SUNNY
and also III the worlds ava'lable sun
ply, whici' diminished a,269 .0cn bushels.
against an increase "a Year ago Of
4a7.ooo bushels
Depression Towards the close
Late in the week the market YEAS en-
active ana depressed. prices gradually
sinking 70 q lpwcr plane There vas
nppaTen'iy q great scarcity Of hiyint,
orders. both for futures ana tho actual
cash property. Exporters were mani-
testing indifference most OF the time,
although They took Nvc loads OF 80 .
red winter for shipment TO Antwerp.
the first trade Or this kind in long
time, and this naturally served to
check the fail temporarily. The slug
Eishncss was partly attributable to the
limited milling demand and tie report
that a few mills in the Wcs, had shut
down because they had few orders. ana
furthermore found i, eXtreme1v din.
cult 10 obtain shipping directions on
-four already sold for forward shin
,ments Frequently ii was imarin
that the big bull lenders IN Chicago
we're making 40 attempt 10 prevent 4
h decline, and consequently there were
tho customary coniccturcs asto thci,
probable intentions
The Trrnty with Gambia.
In some quarters the hcaViness wa.
Inscribed In part TO the discussion re
spectinE the possible adoption OF til,