The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1913-10-13

ago, or 2i2,T 4 900 bushels whereas
nearly all well informed dealers had
anticipated between 250,000,oOO bushels
and 26o,o0o,Q00 bushels. AS a conse-
auence, the grand total is placed at
7a3,233,oo0 bushels. which is only .
tribe more than the previous high re-
cord OF 1901, when the total was 74S-
460.2ls bushels.
reputation in the mean time has in
creased rapidly, SO that the quantity
per capita now is less than it was
then. Receipts at winter wheat pri
mary points have continued remark
AMY small, but doubtless this vas part-
~ OWING 10 the fact that farmers have
been exceedingly busy seeding. and il
is the consensus OF opinion thar ma
acreage has been slightly increased. II
IS also fortunate that the recent rains
nave put the soil in fine condition. pro-
NluinG an abundance of subsoil mois
turc reserve to carry the crop through
the winter. Trade in cash wheat was
fairly good early i'm the week, but since
then became dull, owing largely TO
nehter oncrings and the decidedly
higher premiums In addition. Tho
scarcity OF ocean freight room has
been somewhat of a hindrance Cable
adviccs were somewhat discouracInc
European markets being depressed by
the expectation of fairly heavy worlds
shipments for the week, which will
doubtless lead TO an increase in the
quantity on passage.
Weakness OF Corn.
Corn was decidedly weak and uns,t
tied cnrly In the week as demand was
devoid of interest. while holders for
the rise were tired and discouraged
Consequently, there was more pressure
TO sell. These conditions led to n
growth OF bcarish sentiment, which
added TO the depression. In addition,
| IT was expected that the monthly re-
port of the Department OF Agriculture
would show Il slightly higher condition.
owing 10 the widespread rains recently
practically all over the West, but.
strange 10 say, the condition was only
raised to an insignificant extent, be-
Ing placed at G5.3, against COL last
month, and S2.2 year ago. This con !
dition on tho given area, I06,SS4, 900
acres would suggest a crop of 2,373,000
bushels. This is. however, misleading
because no allowance has been made
for the area abandoned. This, IL is
estimated. will be close to 100000
acres. which would suggest loss OF
not far from 2S0,00O,000 bushels. lcav :
ing total OF roundly 2.10n,0O0.000
bushels, or about SO per cent less than
4 year ago. The market became
stronger toward tho close Offerings
suddenly became light, and with short 5
anxious 10 cover, Il partial recovery
cnsucd.
decided advance WAS checked, how :
ever, by reports that two more cargoes
had been bought In Bucnos Ayrcs for
shipment 10 Galveston. 1t turns out
that part Of the corn recently received
| from Argentina was found to be slight
| ~ warm and musty. but this does not
warrant rejection, because the corn was
bought on rye terms" or. in other
words. tho buyer will he granted an
| ALLOWANCE. for the deterioration.
oats were also slightly weaker on
reports that Canada had a large sur
plus. and II was expected that largo
quantities would be shipped 10 this
country. Late In the week the weak
ness was partly attributed to tho
favorable government report which
showed the total to be somewhat larger
than expected, t,122,lSa,oo0 bushels,
whereas few had expected more than
1000. 100000