The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1913-08-11

scnsus OF opinion that the crop will
not exceed materially 100000. oOO
bushels. although heavy and protract cd
rains would do much good. Showers
and light rain north and east OF Kan
sas were somewhat beneficial during
the week. and led many large hold
crs to realize. Indeed. heavy unloading
was done on the bulges. which was
small wonder in view OF the extent of
the advance which has occurred In
the late trading, prices rose TO still
/ higher levels. and shorts continued
anxious, AS there appeared TO be no
relief to the hot and dry conditions
+ In tho Southwest.
The report on oats was rather more
favorable than expected. placing the
crop NJ 1.O2S.ooo.o00 bushels. against
l.oS1 goo. 600 bushels In the July report
and l,41S,SS7,000 in the final report
for 1912 Many traders had expected
mn indicated crop only little over
900. 100000 bushels
Foreign BuyInE OF Wheat.
News from abroad served to stimu-
late buying OF wheat during the week
The advance in Europe was partly to
the small worlds shipments. and the
resultant decrease In the floating bulk.
In our market. however this was part
ly countcrbalanced by the unexpected
ly big addition to our visible supply
The somewhat easier tendency toward
midweek was largely traceabie to re-
ports from winter wheat States to tho
effect that thrcshinE results were more
gratifying. the yields In many sections
exceeding expectations Hence revised
estimates placed the probable crop at
above 5o0.o0OO00 bushels and some
even 525.OOo.o00 bushels. In the North
west climatic conditions were favorable
in the main permitting excellent prog
rcss In thrcshing
Nervousness Inter I'm Week.
Toward - Cl
vously within narrow limits. For a
time the feeling was rather easier. be
cause OF generally favorable weather
West notably in winter wheat terri
tory Various private reports We're
received of large yields and excellent
quality and these were later confirmed
by the report OF the Modern Miller and
OF the government cables were also
some what depressing The weather in
Europe was satisfactory in the main,
while France reported a larger move
m"nt and frcer offerings of native
wheat. The worlds shipments were
expected to be larger. notably 10 Liver
pool. and cargoes werc offered more
freely at concessions The decline here
was arrested, however, by Il further
advance In corn and by less satisfac-
tory reports from the Northwest It
being claimed that the recent hot
weather had done much to Offset the
effects of the favorable weather las;
month. Hence crop estimates were re
duced. one authority placing the total
In tho three States. Minnesota and the
Dakotas. at 166. 600. goo bushels, where
as last month some estimates had gone
as high as 700. 600 bushels as com
pared with 2s4. 900 900 bushels har-
vested last year
The government report Indicated n
winter wheat crop OF Sill. o0O.1ao
bushels. or slightly over tho average
estimate OF many conservative rlcr-
chants on the other hand, 1T Wa: n
little lower than expected on spring
making the total 10000. 600 bushels, as
against 2lS.0OO0o0 bushels in July.
whereas on account Of the good
weather last month. This gives a yield
OF $4,000. 900 bushels. against general
expectations OF 100000 900 bushels and
the harvest last year OF o,267 GOO
bushels.