The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1913-07-14
CALLING LOANS ON
GROWERS OF WHEAT
Move on Part of Bankers Will
Force Grain Into
Market.
MONEY STILL VERY SCARCE
Elevator Concerns of Southwest
VIII Not Get Usual
Accommodations.
MONEY STILL VERY SCARCE
ny JOSEPH f. pprrouAnn.

Chicago, jill, July i3.-rrom advIces
received from the loading markets OF
the winter wheat belt, the bankers
have commanctd 10 call loans on many
or the wheat growers, and this nat
urally viii foroe out Il great deal OF
whsnt that would not otherwise be
sent TO points OF distribution until
such time as the growers were we'll
convinced that ii would be of little
use TO hold their grain for an advance.
Money is scarce at the moment Not
only is this the case in the interior on
farming communities. but it is to be
seen i'll the larger cities There are
many farmers throughout the country
who have made arrangements TO have
thcir gram carried for certain length
OF time. and II Will not come out un-
I'll the expiration of that period.
In subrosa manner the writer
mas learned that tho big grain elevator
concerns in tho Southwest Will not
De given the usual accommodations on
grain In their houses. The financial
institutions Will see to it that the
wheat instead of being piled up and
carried for long period. will DO rncr-
chandiscd, and that, If there is no de-
mand for this grain holders will be
asked to develop = demand by selling
their grain at price that will prove
attractive TO buyers OF cash wheat in
tho United States or the Old World
Primary receipts OF wheat during
the last week showed that there is TO
DO n large movement for a time at
least. Total figures were 6.429OoV
bushels. compared with n little less
than 100000 bushels for the corres-
ponding time last year. When the
record breaking receipts at primary
markets are considered, the enormous
sales on export account must not be
overlooked a reliable concern in the
freight trade ut Cult ports said Sat
urday that fully 500 loads OF wheat
have been taken to go out via that
gateway, and that the takings at the
Atlantic ports must have been OF
enormous proporationS-possib T.
100000 bushels
Liquidation by longs in wheat has
been on surprisingly large scale
rms has been the case especially in
the July future, and the heavy run
OF the new crop has been the innu-
ence. Those big Spectators who have
been seen on the bull side of the mar
ket for long time have deserted that
side. and are now To be seen on tho
Dear or selling side Of that grain.
There WAS a lot OF the July future to
liquidate.
Routine statistics tomorrow prob
ably Will favor Tho bull or long side
OF wheat. but as these statistics have
been pretty we'll discounted. tMcv arc
not expected to cut much of a figure
as a price maker
Those who have adhered closely to
the ball Side OF the corn market for
some little time past in the belief that
the crop had already suffered from
nigh temperatures In various sections
OF the belt. are no longer To be seen
on the bull side The entire corn
country mas beor pretty well We,
down, and, according L. some of the
best known experts, the promise is
for big yield
III many locations OF the oats belt,
where ii has been said all along that
the heads Of the grain We're not an
INK We'll a far different report is now
coming forward \ better crop than
has been looked for viii be harvested.
yet il Is considerably short of last
year. Their" has been big move
mont in cash oats on Eastern shippini;
account.