The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1913-08-25

with an improved demand. This was
also partly traceable to expectations
of smaller worlds shipments for the
week On the other hand, better
weather in France and Germany caused
n break In Paris and Berlin. but more
especially the former. The momen-
tary buoyancy was also partly due to
fears of frost in the Canadian North
west, and reports of wheat sproutinE
in the shocks because of the rains in
spring wheat territory. Later the
weather In that quarter became clear
and warmer, and hence both of the
factors mentioned above were elimi-
mated. This was largely responsible
for the recession toward the end.
coupled with estimates that the crop
In Minnesota and the Dakotas would
be about 215,00O bushels, and In Mon
tana 100000 bushels.
Less Activity In Corn
w nile corn markets have still re-
NAMED the centre of attraction among
spectators, there has been somewhat
OF lulL Trading has been on small
or scale and the advance during the
past month has served TO make traders
cautious. Commission houses have
peen advising their customers to ac-
cept fair profits. and there has been
! less enthusiasm about following the
advances. would-be buyers preferring
to wait for a break. Hence there has
u,
and prices have not swung back and
forth so wildly However, the same
feverishness and irregularity was no
tlceable, and it was clear that much
lquidatio was being done for both
accounts. AS a result, only small net
changes were noted at mid-week At
ter getting off to u slightly lower start
prices speedily jumped up to new high
levels for the year. but at the advance
encountered an unusually heav., 80
sure OF realizing sales.
Having lost much Of it's resiliency.
the market was unable for a time to
rebound. as it had in the past, from
such reversal. although subsequently,
tfere was more buoyancy and prices
went little higher than they were on
saturday night: 1t has continued to
tie almost wholly q weather market"
From time to time selling has been
encouraged by light to moderate rains
through the Ohio Valley and westward
INTO Nebraska. Occasionally few
nclnts In Missouri and Kansas reported
AIMS. In the main, however, the South
Nest has remained dry and hot. which
OF course, gave rise to additional crop
damage reports and reduced crop esti-
mates
Il. w. Snow placed the condition Of
the crop on August II at 66.7, against
'a.l on August l, indicating a crop of
2,a1U,o0O,G00 bushels, based on his own
acreage figures. and 2.350,0o0, 00O bush
els on the Soeernment figures. He also
stated that the damage in the South
west since the 10Th has about offset the
Improvement elsewhere. Oscar *. LYLE
estimated The crop ut z.252, 600. 900 bush
els, and the Cincinnati Price Current
made it $3.50, 100000 bushels In face
of the remarkably high prices farmers
were not disposed 10 sell freely, and
the visible supply showed Il decrease OF
l,tls,ooo bushels, rs compared with 626-
600 bushels a year ago. In the mean
time, an active demand was reported in
cash markets. Much OF the time the
selling WAS almost wholly attributed
TO realizing by satisfied longs. Which
was prompted at one time by the rather
general idea that the long period of
drought and heat in the Southwest had
como TO an end, and that conditions
would improve from now on. On one
occasion il was said that prices had
hroken under heavy selling by large
Western professional operators in an
effort TO shake out the weaker longs
In the second part of the week, corn
prices again started upward. but suf-
tcrcd another setback toward the end.
The continuation OF dry, hot weather
III the Southwest was the cause OF the
momentary strength, shorts being again
anxious. while there was also a good
demand from sold out longs who be-
ieved that in view of the decline OF
3-4@ S cents from top levels prices
were again due for another advance
Later there was some betterment in
climatic conditions. there being some
showers in the Southwest, with lower
temperature. Moreover, 1t was said
that the advance had brought out larger
offerings from the interior These were
the factors that caused the late recess
sion