The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1913-09-01
INACTIVITY MARKS
DEALING IN WHEAT
Speculative Interest Apatbetic Much of Time This
Being Due to Fact That Corn Still
Holds Centre of Stage

New York, August 3l.--lnactivity and
harrowness were salient features in
domestic wheat markets carly this
week. Much OF the time speculative
interest was apathctic. when was at
tributed TO the fact that corn continued
TO mold the centre OF the stage. Wheat
was frequently At standstill, but il
was evident that traders We're inclined
to await developments. Apparently
there was little or nothing IN the rcr
rant radical variations in wheat. and it
seemed evident that an Impulse was
BADLY needed There was occasionally
q slightly tirmcr tendency, but this was
almost wholly in sympathy with the
strong trend in corn.
Wheat and Corn.
1t was the e.oilsensns of opinion
among conscrvas, we dealers that the
scarcity ANA high cost of corn would
serve 10 increase tie consumption OF
wheat. 1t was argued that farmers
who had little OF no corn and an album
uancc Of wheat would be inclined to
Iced the latter TO farm animals The
advance in miilfced values shows plain
~ thar the snort crops Of corn, oats and
bay have led 70 a larger use of mllfccd
Even At this carly day il is known that
millers are turning out only a small
quantity % low grade flour, finding il
more profitable TO increase their output
OF feed
1t is argued that esther wheat is TOO
low or other commodities TOO high
Nevertheless. practically no unbiased
tracer expects any noteworthy advance.
~ the near future, owing To tile fact
that spring wheat thrcshinr has been
making excellent progress. and there
lore receipts Of spring wheat at pri
iaary points VIII doubtless show apprc-
ciahic enlargement ere long Further
more, the weather in Canada has been
favorable & a rule, and barring early
frost, II Is expected that tie movement
CT Canadian wheat viii increase This
fnaE' II is reared, tend TO curtain the cx
port demand for our wheat Gable adj
vices have been somewhat discouraginr
European markets being partly infu-
enced By the cNpectatiUu of larger ship
'nents from Russia III tho near future
Intc Irregulnrity.
Late III the week there was much
irregularity and urscttiement prices
calculating IN Spasmodic way, AL
though the drift was downward as a
Iu.e. The prepondcrancc Of bearish
ross was partly Attributed to the cx-
pectation OF large deliveries on Sep
TENDER contracts, but IL was suisse
guently asserted that many prominent
traders had switched from September
TO December Hence. there was less
fear OF large deliveries General sell
ing. especially Of a "hcdgiug" character
was partly prompted hy favorable
threshing returns from the Northwest.
leading 10 the expectation of larger
receipts at spring wheat primary
points. The downward tendency vas
checked temporarily by continued light
winter wheat receipts and by reports
that exporters had been buying more
freely, especially of 10. hard winter
10 arrive.
There was moderate investment buy
on ha hat ,t.In -
Intrinsic merit. because of the remark
ably poor outlook for corn. Gable adj
vices were .a,mewhat discouraglng, Eu-
Eopean markets being Influenced BY