The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1913-12-15
TENDENCY IN WHEAT
is SLIGHTLY UPWARD
Dealings Devoid of Animation, and Apathy Shown
by Speculative Element Is Somewhat Surprising
in View of Many Important Factors,

New York December li-Domnstic
wheat markets were inactive ana mar.
row early IN the week, although a,
times the tendency was slightly nm
ward. As Il rule. there was a scarcity
"t orders, especially on tho selling side
consequently. the dealings were devoid
on animation tho apathy shown by
the speculative element was somewhat
surprising IL, view of the many i'm :
nortant factors. but II must be admit :
ted that there wero many counter
balancing influences. For one thing.
cable 2dvices were somewhat encour-
aging. European markets being infu-
onccd by additional reports OF unfa :
Norable weather and prospects In Ar
Sentinn There was n tendency in thut
country 10 reduce estimates as to the
probable cNportable surplus 1t was
generally agreed. however. that there
would he decided shortage compared
with this year. some authorities plac-
ing the surplus at 10000, 600 bushels
or approximately 33.O00.0 0o less than
other Factors.
The worlds shipments were light.
ana. as Il consequence there was II big
decrease in the quantity on passage.
: SSo.ooc bushels. There was also n
large decrease in the European visible
supply. This was. however partly
10y reports Of beneficial
rains in India and favorable advices
from Australia Domestic Influences
were somewhat mixed. there being
about as many arguments for an adj
vance as again one. The weather
was decidedly L. at in the West. which
was unfnvorablc. as there is practically
no snow protect on Furthermore tho
liant mas rank growth. and in some
instances is poo 'N rooted. as n result
OF mild wet " her during the fall.
Then. too. primary receipts showed a
further decrease.
Many expect further reductions as
farmers arc said to bc making small
deliveries to country stations 1t is the
consensus Of opinion that nearly all
farmers have marketed the bulk of
their surplus. and Will probably hold
back for higher prices, or until spring
when they may he able to form a trust
worthy opinion as to how the plant has
withstood the vicissitudes of the win
ter. These influences were however
partly offset by u remarkably large ad-
dition to the visible supply. 4.O7l, 900
bushels. whereas practically no increase
was expected
some of the strength in our markets
was caused by reports that buying
orders had been received from Argen-
tina for May and July contracts which
we're regarded AS strong confirmation
OF recent harvesting poor returns in
that country Firmness was also
caused ny reports OF Il better milling
and export demand. INCLUDING. about
10000 bushels OF No. hard winter at
Chicago for export via Baltimore, sup
posed TO be for Lisbon.
I.ntr Changes.
Late in the week markets were dun
with slow and insignificant changes,
there was at times a some
what weaker Undertonc. Nevertheless /
here were many rallies. and conse-
luently the decline was unnnportant
1t was decidedly difficult To discover
any valid reason for noteworthy weak ,
ness This was, as Il rule. attributed
10 speculative influences. as most fac