The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1913-10-13
SENTIMENT
CONTROLS MARKETS
Largely Fostered by Discouraging Cables Selling
Also Accelerated Partly by Favorable Weather
and by Continued Abundant REGENTS

New York, October 12.-For a short
time early in the week wheat mar
kets were controlled mainly by bear
ish sentiment. The growth Of this
sentiment was largely fostcred by dis
couraging cubcls. European markets
being depressed by fairly heavy worlds
shipments and the resultant material
Increase III the quantity on passage.
This was partly caused by n fairly big
contribution from Russia and the Dan
ubian region. 1t was also noted with
qualification that more than 90 per
cent of the total put afloat was from
North America. Selling was also ac-
CELEBRATED partly by favorable weather
and by continued abundant receipts at
spring wheat primary points. On the
other hand. the movement from winter
wheat territory continued small. Sell
ing was partly prompted by higher
crop estimates, one Western authority
placing the winter wheat total nj 524.-
$4,000 bushels and spring at 257 100
coo bushels. making 4 grand total Of
7Sl,909.000 bushels, against l,656, 600
Il month ago
Foreign Countries.
Weakness was also caused by reports
OF beneficial rains in Argentina. Then,
too selling was partly quickened by
the huge Increase in the worlds avail
able supply. l5,017.00O bushels, which
included S,34i.000 bushels in Canada
$4,000 bushels, while Canada gained
4,S42,000 bushels. Afterwards there
was steadincss, the decline being
checked by a falling of in spring wheat
receipts on both sides of the border,
snd predictions of a further decrease,
as farmers We're making lighter dcliv-
cries to country stations.
il rs claimed that Il great many needy
| farmers have marketed the bulk Of
their surplus. while others who are
well-to-do ~, not satisfied with cur
rent bids. ~ the meantime, the cX-
+, port demand Nas fairly brisk, including
/ small lots Of hard winter, but the bulk
| was Manitoba embracing a small par
! Gel for South Africa. Cables became
| slightly more encouraging. European
markets being Influenced by exceed +
/ ingly dry weather in India. with active
buying by Franco and Mediterranean
countries.
! While the tariff changes are having
a depressing effect on corn, oats ana
! feed. dealers believe that wheat will be
| only slightly affected because the cx-
port takings Of Canadian wheat have
been so huge that virtually all or the
surplus there will have disappeared by
! the time the countcrvailing duty iii
Canada can be removed
i Late Strength.
There was 4 stronger tendency late in
tho week. prices rising some what
ahai.piy rs offerings were lighter and
demand fairly animated, short sellers
/ showing anxiety to .ovcr 1t was tho
:, general Impression that there had been
4 TOO much unanimity on the bear side
4 Tuying was stimulated partly by q fur
i ther dim;nution in spring wheat re
/ ccipts which arc now appreciably less
4 than week ago or a year ago. The
i,uoyancy was also partly attributed to
/ tie slightly less favorable tenor OF the
| Official crop report respecting the
spring wheat yield. The total being
| placed al slightly less than a month