The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1913-05-05
MUCH UNSETTL EMF,NT
IN DOMESTIC WHEAT
Erratic Fluctuations Expected When There Are So
Many Conflicting Influences Sagging Tend
ency During Last Part of Week.

view FORK, May 4.-There was much
unsettlement in domestic wheat mar
kets early In tho week, but erratic
fluctuations must be expected when
there are so many conflicting influ.
ences. In the judgment OF unbiased
dealers the situation Is satisfactory
Europe seems compelled to import
wheat and flour freely, and fortunately
we nave ample supplies, both present
and prospective. Consequently /,
seems reasonable to expect largo ex-
ports from this country for two or
three months. If not longer. Wheat
has been coming down the Lakes from
Duluth at decidedly rapid rate, and
large quantities have already reached
Buffalo and shipped eastward, either
10 mlllers or to exporters.
Foreign Demands.
AT the outset there was slightly
stronger tendency, which was chiefly
attributed to encouraging cables
European markets being slightly high
CIR. owing largely to the light worlds
shipments and the resultant big de
crease In the quantity on passage.
Firmness was also caused by heavy
reduction In the European visible sup
ply, 3,936,000 bushels. whereas a year
ago there was an increase OF 9OO0 900
bushels. Furthermore, the worlds
available supply showed a huge de-
crease, 100000 bushels; but this was
iAAiSiSohiiS' DciH6 apparent Ihan
real. 1t was brought about by de-
crease of over 100000 bushels in Ca
madam stocks, or about the quantity
which was put afioat at Fort William
and Port Arthur. No doubt this wheat
Will be shipped eastward and will soon
reappear at the seaboard
therefore this seemingly enormous
reduction had far less influence than
might have been expected. After
wards the rising tendency was checlSe
by favorable weather and crop reports.
II was clear and warm all over the
West, and hence the crop was repre-
sented to be making satisfactory prog
ress. With much higher tempera-
ture In the Northwest spring wheat
seeding has progressed rapidly, and is
almost finished, excepting In the north
ern part OF North Dakota. Gratifying
reports continue to arrive from the
Southwest, and especially from Kan
sas. where the plant is said to be un-
commonly healthy, and the probable
yleld there is variously estimated at
120,000,ooo to 129,000,000 bushels.
Cause of Lntc Decline.
There was slow, sngging tendency
In wheat during the last half Of the
week, but, taking into consideration
the great abundance of depressing in
fuences, 1T must be acknowledged that
the decline was rather unimportant
IN iacI the small brcnk was source
or surprise and disappointment to
sellers for the decline, who had antici-
patod much greater weakness For
one thing, the weather West contin-
ued satisfactory, and hence the crop
was said to he making progress. al
though some advices from the South
west, and notably Kansas, asserted
that rain would be beneficial.
Nevertheless. virtually all the ad-
vices from that State Ora tifyjDp
while the Oklahoma State report was
also satisfactory, the condition being
placed at 90. against 81 April /, 81 a
year ago. and Is at harvest, when the